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Business Description: Samson Oil & Gas Limited (SSN) is an Australian based oil and gas company holding development and exploration acreage in the USA.
Strategy Analysis: SSN's business strategy is to create value by exploiting its Niobrara and Bakken acreage position.
Samson Oil & Gas provided operational advice, reporting drilling operations are completed at the Roosevelt Project and the drill site has been cleared in preparation for the hydraulic fracture operations. The Company anticipates these operations to commence about 19 March. The Company also reported the Australia II 12KA 6 well has been flowed back from 8 open frac stages and there remain 5 stages that have yet to be flowed because of the perforating fish and plugs that remain in the well bore; the Abercrombie well has set and cemented 7 inch casing at 9,029 ft (MD) at the head of the lateral and the lateral is being drilled ahead at a depth of 9,624 ft; and the Defender downhole pump has been replaced and since 2 March (evening) (2.5 days) the well has produced 429 bbls of oil of which 160 bbls was pumped into the well to free the sucker rods and pump.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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