Updates
January 17, 2011: SeekingAlpha: perhaps a bit of explanation for the run-up
November, 2010: Corporate Presentation
- Interesting tidbit: in the August, 2010, corporate presentation SSN had 3,600 acres in the Bakken; in the November, 2010, SSN had 1,200 net acres in the Bakken
- Acreage in the Niobrara stayed stable at 16,000 acres
- Their presentation says they are "looking to accrete acreage in the play" -- but yet, they report a decrease in acreage. In the August presentation, they say 3,600 acres, but in November, it's 1,200 NET acres.
- Sold some Niobrara acreage to raise cash ($74 million)
- By the way, that's exactly what AEZ did -- it sold all its Niobrara acreage to become a pure-play Bakken company, and was then bought out by Hess
August, 2010: Corporate Presentation
- August corporate presentation
- An Australian Company, but all acreage in the US
- Bakken: 3,600 acres -- 2 producers, 2 to frac, 2 to drill
- Niobrara: 16,000 acres
Original Posting
From "In Play":
4:23 p.m., January 13, 2011: Samson Oil & Gas (SSN) advises that its policy is not to comment on unusual market activity or rumors: Samson further advises that it continues to adhere to its longstanding policy to make prompt public announcements of material information concerning its business, operations or prospects.
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