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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (48710)9/18/2012 9:42:28 AM
From: E_K_S  Read Replies (1) of 78667
 
Samson Oil & Gas Limited (SSN) - upped my position by 20%

Company has good land holdings but not too successful w/ some of their test wells. Recent annual report stated that the company expensed over $30M on their test wells w/ little to no production yet.

For me, their land position is a net positive given the recent acreage buys near and around their holdings. Stick has sold off significantly since releasing their annual report Monday.

EKS
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