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Samson Oil & Gas announces 100% increase in proved reserve value


Published May 13, 2014
Samson Oil & Gas Limited

Samson Oil and Gas Limited advises that as at March 31st 2014, Ryder Scott Company (RSC) has estimated the company's Proved reserves to be 1.805 MMBOE and valued at $47.7 million.

Based on this new estimate, Samson has doubled its Proved NPV10 in the 11 month period from a NPV10 of $23.612 million as at April 30th 2013, to $47.722 million after accounting for production during that 11 month period.

Tags: Samson Oil & Gas Limited




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