Samson Oil & Gas Limited (ADR) (NYSEMKT:SSN) Posted Some Recent Gains


Dallas, Texas 02/06/2014 (FINANCIALSTRENDS) – The recent trading session witnessed the share price of Samson Oil & Gas Limited (ADR) (NYSEMKT: SSN) gaining by about 3.27%. A total of 903,416 shares were traded at an average price of $0.515 per share. The entire trading day saw share price of Samson Oil & Gas moving between $0.50 and $0.54. The current market capitalization of Samson Oil & Gas Limited is around $65.64 million.

The 52 week high of Samson Oil & Gas is $0.95 and its 52 week low is $0.35. As the automobile sector and natural gas consumption is growing with each passing day it seems that the Samson Oil & Gas Limited share price will definitely move upwards but for that the investor needs to adapt to a long term view.

An overview of Samson Oil & Gas Limited (ADR) (NYSEMKT: SSN)

Samson Oil & Gas Limited (ADR) (NYSEMKT: SSN) is a natural oil and gas company that explores and develops different oil and natural gas properties in the United States of America. Company has its own oil and natural gas fields it has also done many collaborations with third party vendors for the production and sale of the oil and natural gas.

Recent news states that there are over five natural gas and oil companies that are planning to pledge some land to prairie chicken habitat. The total amount of land that will be pledged is around 1.5 million acres and it is spread across five different states in US. Company’s main aim is to ensure that the environmental balance is maintained as the rare species are preserved.

Recently as soon as the land for prairie chicken was pledged Mr. Ben Sheppard made an official statement that this plan is considered as their positive approach towards the conservation of lesser prairie chicken. Mr. Ben Sheppard is the official president of the Permian Basin Petroleum Association.