SSN 0.00% 1.5¢ samson oil & gas limited

good short description

  1. 801 Posts.
    This description from google.finance highlights how undervalued this company is? Look at the list of projects they are involved in:

    "Samson Oil & Gas Limited is an Australia-based company. The Company is engaged in oil and gas exploration, development and production in the United States. It operates in the United States and Australia. The Companys projects include Lookout Wash Field, Rock Springs West Projects, Hawk Springs, Jonah Field, North Stockyard Field, State GC Oil & Gas Fields, State GC Gas Field, New Mexico and Sabretooth #1 well. In November 2008, the Leonard #1-23H, a Bakken oil test, was drilled with a horizontal lateral. The well was drilled to a vertical depth of 10,740 feet and completed in a 4,800 foot horizontal leg in the Middle Bakken. In June 2008, the Davis Bintliff #1 well located in the Sabretooth Prospect in Brazoria County, Texas, spudded. Production from this well was 40 barrels of oil per day. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company produced approximately 22,412 barrels of oil and 125,320 cubic feet of gas. Its subsidiary is Samson Oil & Gas USA Inc."
 
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