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Stock Market & Financial Investment News

News Breaks
March 25, 2014
05:07 EDTSSNSamson Oil & Gas provides operational advisory
The infill development plan for Samsonís North Stockyard project is to drill 10 middle Bakken wells and 8 Three Forks wells. The fracture stimulation of the Blackdog 3-13-14H well commenced on March 9th, and was completed March 21st. This frack was the largest undertaken in Samsonís North Stockyard project to date and pumped 8.5 million pounds of proppant in 38 stages. This represents a proppant concentration of around 1,000 pounds per foot of proppant, which is in line with current industry practice of the use of larger volumes of proppant to deliver larger ultimate reserves. The well is currently shut in and will be flowed back later this week. Sail and Anchor is shut in during the Blackdog frack and continues to await a coil tubing clean out in conjunction with Blackdog. Frontier 24 is drilling the two Matilda Bay wells in batch mode and has set surface casing on both wells, with Matilda Bay #1 running a 7 inch casing string. Following the cement of this casing string the rig will skid to Matilda Bay #2 to drill the curve and set the 7 inch production casing. The Rennerfelt #1 and 2 wells are ready for the frack crew, which is now expected to arrive April 27th.
News For SSN From The Last 14 Days
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April 14, 2015
05:07 EDTSSNSamson Oil & Gas reports March production 31,408 BOE
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April 9, 2015
10:02 EDTSSNStatoil makes oil discovery in Gulf of Mexico
Statoil (STO) announced that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico. The Yeti discovery expands the proven sub-salt Miocene play further South and West of Big Foot," said Jez Averty, Statoil's senior vice president, exploration for North America. "We are analyzing data to determine the size of the discovery in order to consider future appraisal options." The Yeti discovery was made in Walker Ridge block 160, which is located approximately 15 km (9 miles) south of the Big Foot field, and 11 km from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years. Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that its drilling efficiency with Yeti was among the best of any well drilled in Walker Ridge, achieving a drilling performance level of approximately 120 meters per day. The rig has moved on and is currently drilling Statoil's Thorvald prospect in the Mississippi Canyon block 814. Statoil is the operator of Yeti, and its partners are Anadarko (APC) and Samson (SSN).

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