SSN 0.00% 1.5¢ samson oil & gas limited

why didnt the land buyer purchase ssn?

  1. 581 Posts.
    Interesting thought, at the current prices and even more value at the SPP price.

    Why wouldn't the land buyer (being in the oil game) just do a take over of SSN on market rather than shell out nearly the Market Cap of the company right now.

    - Do an on Market Bid
    - Pay off debt, presto, you now have the whole field and also Braken
    - You have cash flow and wells producing and cash in bank after SSP
    - You don't need to pay royalty's to SSN moving forward

    Food for thought, but what I am getting at is all the above shows clearly this is under valued.

    I am sure you are thinking right now, they wouldn't buy it on market because they would be paying way more to buy it on Market than 8-10 cents a share ;-)

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