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Stock Market & Financial Investment News

News Breaks
April 29, 2014
05:12 EDTSSNSamson Oil & Gas provides operational advisory
The infill development plan for North Stockyard is to drill 8 middle Bakken wells and 8 Three Forks wells.Production is down on the Sail and Anchor well because it has been shut-in to allow a workover rig to clean out the well and install an electric submersible pump for artificial lift. Production has also been shut down on the Blackdog 3-13-14 well as of April 27th, which shares the Tofte 1 Pad, to permit this workover operation to proceed. Production is also down on the Tooheys 4-15-14HBK and Little Creature 3-15-14H wells due to production facility issues. Production is likely to be down for a week until these operational problems are fixed. The Bootleg 4-14-15TFH well has been drilled to surface casing depth of 2,418 feet. Casing will be run in the hole and then the rig will be skidded to commence drilling on the Bootleg 5-14-15TFH well. Hydraulic fracture stimulation operations are planned to start on both Matilda Bay wells on May 9.
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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