Samson Oil & Gas Limited (SSN)



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General Information
Company Name: Samson Oil & Gas Limited
Stock Code: SSN
Website: www.samsonoilandgas.com.au
GICS Sub-Industry: Oil & Gas Drilling
Market Cap ($M): 34
Equiv. Shares (M): 2,838

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.012 $ 0.012 $ 0.012 $ 0.012 $ 0.013 9,000 $ -0.001  -7.692 %

Company Overview

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.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -3.0 -0.1 -- 0.0 0.0 0.0 --
2013  A -12.8 -0.7 -- 0.0 0.0 0.0 --
2012  A -30.5 -1.7 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Horizon Oil (HZN) $195 M 2.3125 1.3113 -0.4000 14.1509 6.1224 10.2041 0.00 0.00 0.00
Liquefied Natural (LNG) $1,026 M -- -- -- -- -- -- 0.00 -- --
Paladin Energy (PDN) $500 M -- -- -- -- -- 1000.0000 0.00 0.00 0.00
Samson Oil & Gas (SSN) $37 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
SSN -- -- 0.62 -- 2.73
Market 0.90 15.0 1.19 1.94 1.48
Sector 1.00 9.17 0.62 1.04 2.89

Directors
Name Position Start Date
Mr Neil Christian Fearis Alternate Director 02 October 2009
Mr Terry Barr Managing Director 25 January 2005
Mr Keith Skipper Non-Executive Director 10 September 2008
Dr DeAnn Craig Non-Executive Director 11 July 2011
Mr Eugene McColley Non-Executive Director 04 October 2013
Dr Victor Rudenno Non-Executive Director,Non-Executive Chairman 11 April 2007

Management
Name Position
Denis Ivan Rakich Company Secretary

Calendar of Events
Date Event
30 October 2015 Report (Quarterly)
15 September 2015 Report (Annual)
27 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
10 February 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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