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Thursday, September 23, 2010

CORRECTION: Samson Resources vs Samson Oil and Gas

My bad.

I was not aware that the permits granted to "Samson Resources" as reported on the daily activity reports were not related to Samson Oil and Gas.

SAMSON RESOURCES and SAMSON OIL AND GAS (SSN) are two completely different entities. 

On NDIC's current active drilling rigs, the three "Samson" files refer to Samson Resources, "a large, privately held exploration and production company headquartered in Tulsa, Oklahoma, USA, with International and Offshore Divisions headquartered in Houston, Texas, USA," according to its website. Samson Resources has nineteen (19) wells listed on the confidential list.

On the other hand, Samson Oil and Gas (SSN) is an E&P company headquartered in Australia. Its interests in North America include the Bakken in North Dakota and the Niobara in Wyoming. This past summer Samson Oil and Gas entered into a deal with Chesapeake Energy Corporation, in which the former sold the latter leases in Goshen County, Wyoming.

Yesterday, Wednesday, September 22, 2010, SSN requested that trading in its shares be halted due to ongoing activity with the Goshen County sale. 

Current status of that SSN - CHK deal can be found here (dated Thursday, September 23, 2010).

I have to thank a reader for sending me this information, especially setting the record straight regarding Samson Oil and Gas AND Samson Resources. I consider that a major mistake on my part. I have made many errors on this blogsite, but this has to be one of the worse!  I am quite embarrassed. But life will go on.

Okay, now why didn't my Australian readers point out the error of my ways! Smile.

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