SSN 0.00% 1.5¢ samson oil & gas limited

or I could take the more than tripling of oil production as a...

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    or I could take the more than tripling of oil production as a guide from the AGM preso (but not the $6.8M Revenue)

    Thus first 23,812 Bbls oil worth $2,347,389 approx
    The next 80,000 Bbls worth maybe $3,652,611 (using $45.66) as the Williston Basin Sweet Average for the Qtr.
    Add $400K for gas

    Total $6.4 and at $29/Bbl lifting cost looking at overall LOE of about $4M and G&A kept same.

    Rough Qtr EBITDAX of $1.19 & annualized to $4.76

    SAFE! as its above $4.43 (say 7.5% wiggle room)

    Question switches to - are more funds needed to D&C any wells in Q1/15 (as production increases over Q4/14) then the decline curves takes over. IF SO, will debt be available (fully drawn now as I read it). If not what would be the plan to remain compliant with the debt covenants.
 
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