REASONS THIS STOCK COULD SOAR WHEN OIL PRICES SPIKE 50 - 100%

  • The company was founded by a former Exxon Mobil president responsible for 300,000 barrels of production a day (BOPD).
  • Management has invested over $1.5 MILLION in establishing the corporate structure, refining acquisition parameters and developing the current deal pipeline.
  • Current production averages 1133 barrels of oil per month (BOPM) representing 950,000 BO proved / probable reserves. This project is estimated to do 3400 BOPM after rework.
  • Proven and probable (2P) reserves associated with their Louisiana assets have a discounted present value (PV10) of $41,245,950 as of a March 1, 2011 reserve summary prepared by management, indicating attractive potential for growth.
  • Closed bridge financing for $150,000 and went public in 2011.
  • Plans to acquire over 1,500 acres with over 59 shut-in wells and 30 producing wells with 40 BOPD of current production, which will do 200 BOPD with minimal rework representing 2.1 MILLION barrels of proven reserves. A preliminary agreement has already been secured.
  • Plans to acquire and develop $200 MILLION in proven reserves.

Friday, September 16, 2011

Samson Oil and Miller Energy Tap Into Rich North American Resources


NEW YORK, NY--(Marketwire -09/12/11)- The Bedford Report examines investing opportunities in the Oil & Gas Sector and provides equity research on Samson Oil & Gas Limited (AMEX:SSN - News) (ASX: SSN - News) and Miller Energy Resources, Inc. (NYSE: MILL - News). Access to the full company reports can be found at:
In the early days of September, oil prices have been on a downturn on concerns that the US could fall back into recession, and continuing anxiety about Eurozone debt levels. Eugen Weinberg, head of commodities research at Commerzbank in Frankfurt, argues that oil prices could be falling further were it not for growing optimism that the US central bank, the Federal Reserve, will announce new measures later this month to try to stimulate the US economy.
Despite a disappointing couple months, the price of oil remains exceptionally high. The latest Bord Gais Energy Index shows that wholesale prices are nearly 30 percent higher than this time last year.
The Bedford Report releases investment research on the Oil & Gas Sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
With oil prices remaining near 52 week highs, energy companies continue to boost production. Samson Oil & Gas Limited owns interests in various projects located in Wyoming, North Dakota, New Mexico, and Texas. The company recently said that second quarter production increased by 63% over the prior quarter following the successful completion to two wells in the North Stockyard field.

Source: Marketwire
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