Headquartered in Perth, Western Australia and with its US office in Denver, Colorado, Samson holds an extensive portfolio of exploration and development properties in Wyoming, New Mexico, Oklahoma and Dakota.

Thanks to its takeover of Kestrel Energy in 2004 and further acquisitions down the track, Samson also holds a significant tenure position in the Green River Basin in Wyoming, both in terms of conventional tight gas reservoirs and an emerging shale gas play located within the Baxter Shale

The Green River Basin is currently the fastest-growing gas province nationwide and is expected to become one of the biggest gas-producing regions in North America, according to Barr.

Speaking at the Excellence in Upstream Energy conference, Barr said Samson was a producing company, with a “competitively priced” stock compared to its US and Australian peer groups.

“We’re aiming to grow the company through additional oil production, acquisitions and organic growth,” he said.

“We’ve also got an enormous exposure to the Baxter Shale play [in the Green River Basin], which could really see this company grow in terms of its market capitalisation.”

Barr said the company was achieving “solid production” of 385 million cubic feet of gas equivalent for the most recent September quarter, up 312% from last year.

Samson’s cash flow is currently about $1 million per month.

“The Kestrel acquisition gave us a nice portfolio that we’ve continued to develop,” Barr said.

“We have a large exploration and solid production, bringing in about $A1 million per month. But we think we’re under-followed [by investors].”

Barr said recent activity by two US companies have improved the outlook for the Green River Basin, where Samson has identified several prospects within its 40,000 acre landholding.

“In the Green River, we’ve fracced our first well, which is currently producing,” he said.

“It’s a very large play, and two horizontal wells are being drilled there currently. This is a fantastic opportunity for a company like Samson.”