To: NikhilJog who wrote (49459 ) 9/18/2012 10:33:03 AM From: E_K_S 2 Recommendations Read Replies (1) | Respond to The land they own has significant Oil & Gas potential. Just if they sell their U.S. shale land holdings based on 85% of the last acquisition price (say from QEC), stock could/should be worth around $3.00/share ( or more). The value is in their land not their drilling expertise. In fact, they have JV partners that have been drilling their wells. Some are quite good and others are not that good. Samson Oil & Gas is one of the earliest companies to establish a position in the Niobrara, which some call the “NeoBakken.” Other operators include EOG Resources, Anadarko Petroleum, SM Energy, Noble Energy, Chesapeake Energy, Whiting Petroleum, Quicksilver Resources, MDU Resources, and Bill Barrett Corp. Chesapeake and EOG each have about 400,000 net acres in the Niobrara. Note: I have been wrong in the past and could be wrong in the future. All these E&P companies come w/ risk and high reward. For me , the risk/reward at current levels is a value buy.
