Investors Only: SSN Up 17 Percent Today (January13, 2011) -- Bakken, North Dakota, USA

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.