New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 11, 2014
21:48 EDTSSNSamson Oil & Gas announces 100% increase in proved reserve value
Samson Oil and Gas Limited advises that as at March 31st, Ryder Scott Company has estimated the company’s Proved reserves to be 1.805 MMBOE and valued at $47.7M. Probable reserves have been estimated by RSC to be 1.09 MMBOE and valued at $12.8M. Possible reserves have been estimated by RSC to be 0.80 MMBOE and valued at $7.1M. The valuations are based on a discount rate of 10% and utilize the SEC pricing model. Based on this new estimate, Samson has doubled its Proved NPV10 in the 11 month period from a NPV10 of $23.612M as at April 30th 2013, to $47.722M after accounting for production during that 11 month period.
News For SSN From The Last 14 Days
Check below for free stories on SSN the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 22, 2014
07:27 EDTSSNIndependent Petroleum Association of America to hold a conference
IPAA OGIS San Francisco on September 22-24.
September 16, 2014
05:17 EDTSSNSamson Oil & Gas provides operational advisory
Subscribe for More Information
September 9, 2014
05:10 EDTSSNSamson Oil & Gas provides operational advisory
Production has decreased significantly from July due to new and legacy wells in North Stockyard being shut in for offset fracs. These wells will be put back on production during September as the offset fracs are completed. The lost production is expected to be made up once these wells are restored to production due to the additional fracturing resulting from the new well fracs. The infill development plan for North Stockyard consists of 8 middle Bakken wells that have been drilled and 22 Three Forks wells. The Three Forks wells consist of 8 First Bench Three Forks wells, 6 Second Bench Three Forks wells, and 8 Third Bench Three Forks wells. The Matilda Bay 2-15H is currently flowing and has produced an average of 344 BOPD over the course or the last week. The Matilda Bay 1-15H will remain shut in until the Bootleg 6, 7, and 8 fracks are completed. The Billabong 2-13-14HBK well is presently scheduled to be fracked at the end of Sept and the frack will consist of 35 stages. The Bootleg 4 & 5 wells were flowed back briefly but are currently shut in for the Bootleg 6, 7, & 8 frac. Bootleg 6, 7, and 8 are set to have wireline work done for pressure testing. The fracks are scheduled for the last half of Sept. Each well is programmed for a 30 stage frack. Frontier Rig 24 was released from Bootleg 8 and was moved to the TF north pad. Currently it is being rigged up on the Ironbank 4 location where it is scheduled to drill two eastern laterals in the TF-1 bench.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use