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Stock Market & Financial Investment News

News Breaks
April 8, 2014
05:11 EDTSSNSamson Oil & Gas provides operational advisory
Samson advises that the Rennerfelt #2-13H well has flowed at 825 BOPD. The flowback on the Rennerfelt #1-13H will start tomorrow. The infill development plan for North Stockyard is to drill 10 middle Bakken wells and 8 Three Forks wells. The flow back of the Rennerfelt #2-13H well is in progress and the last measured oil rate of 825 barrels per day. Production from Sail and Anchor has been re-established and the well is performing as expected. The fracture simulation treatment of the Rennerfelt 1-13-H is completed and the well will be flowed back over the next few days. Frontier 24 is drilling the Matilda Bay #2 well and is currently at 11,569 feet. This well is planned to be drilled to total depth of 16,127 feet and then the rig will skid back to the Matilda Bay #1 well to drill the lateral and run the production liner. Production is lower for March due to the Earl, Sail and Anchor, and Little Creature wells being shut-in for off-set well fracture stimulation operations. In addition, several of the vintage North Stockyard wells were shut in for operational reasons which are expected to be rectified in the near term.
News For SSN From The Last 14 Days
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September 30, 2014
05:08 EDTSSNSamson Oil & Gas provides operational update
Samson Oil & Gas reports the Ironbank 4-14-13TFH has completed drilling the lateral and has set and cemented the production liner in the Three Forks Formation bench 1. Rig time on this well totaled 20.75 days which compares favorably with the prior 5 TF1 wells which averaged 21.75 days spud to rig release. The Frontier 24 rig is currently being skidded to the Ironbank 5-14-13H location. The Bootleg 4 and 5 wells continue to flow at rates exceeding 500 BOPD. The Gladys 1-20H well has been drilled by Continental Resources to a total depth of 19,994 feet. The well is a 1,280 acre lateral in the middle member of the Bakken Formation. As expected the water cut from this well is decreasing and has shown a trend that started in the 80% range and is now around 60%. Samson has contracted True Drilling Rig #26, which is expected to be mobilized to the Bluff 1-11 well on or around October 9th. The forward plan for this well will be to drill out a temporary plug and set a liner across the Permian 9,500 sand which will then enable a flow test to be undertaken. This test is aimed at establishing a flow rate and enable a detailed gas analysis to be undertaken. The test will also include a shut-in period which can be used to establish whether a gas-oil contact exist below the current intersection.
September 23, 2014
05:08 EDTSSNSamson Oil & Gas provides operational update
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September 22, 2014
07:27 EDTSSNIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.

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