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News Breaks
January 29, 2014
05:15 EDTSSNSamson Oil & Gas provides operational advisory
On Tooheys 4-15-14HBK, flow-back operations on this well are underway and in the first 38 hours of this operation 1,589 BO and 3,778 BW were recovered, representing an oil rate of 1,000 BOPD. The well is being flowed on a 28/64th choke and is therefore not flowing at its maximum potential. It is currently anticipated that the oil rate will increase over the next week as the water production decreases and the well cleans up. While the flow back period measured is relatively short, it is nevertheless above the company’s pre-drill expectations. Flowback of Little Creature well was initiated but was curtailed because of a sand plug. A coil tubing unit has been rigged up to drill out the frac plugs. Flowback of Coopers well will follow the flow-back of Little Creature 3-15-14HBK well. Coopers, Tooheys and Little Creature are located on the Tofte 2 pad on the northern boundary of Section 14. The frac of the Blackdog is expected to commence February 5th. A coil tubing unit will be used subsequently to drill out the frac plugs in both the Blackdog and Sail and Anchor 1-13-14HBK wells, enabling both of these wells to be put into production. These wells are located on the Tofte 1 pad, which is on the southern boundary of Section 13 within the North Stockyard project.
News For SSN From The Last 14 Days
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December 16, 2014
05:05 EDTSSNSamson Oil & Gas reports Nov. production 639 BOEPD
The North Stockyard field saw an increase in production for November as wells were returned to production. We are expecting that the field will be largely “on stream” in January 2015 as the infill development comes to a close. In-field operations has necessitated, for safety and operational reasons, existing wells to be shut in whilst this activity was undertaken. With the completion of Ironbank 6 expected later this week, Frontier 24 will be laid down and no further drilling in the field is contemplated in light of the recent slide in the oil price. We are however anticipating that the existing inventory of 3 wells will be fracked, and the 5 wells that have been fracked will require a clean out. This means that 8 wells will be brought on line in the near term.

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