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June 10, 2014
05:17 EDTSSNSamson Oil & Gas reports May production 18,449 BOE vs. 17,666 BOE in April
Billabong has a work over rig on the well and operations have recovered 16 joints. A further 10 joints are indicated to be free and expected to be recovered today, leaving 6 joints remaining to be recovered. Flow back operations have been completed on both Matilda Bay 2-15HBK and Matilda Bay 1-15HBK wells. Following the flow back on Matilda Bay 1-15H, that well bore will have its sleeves drilled out. A series of tests will be performed to determine the pressure loss point, which will then be repaired. The balance of the frack treatment will be conducted as a plug and perforation technique. The Bootleg 4-14-15TFH has been drilled to its total depth of 18,967 feet, where a 4.5 inch liner was set with a 30 stage sleeve completion. The Bootleg 5-14-15TFH well is drilling ahead in the Three Forks lateral at 16,631 feet. The Bluff #1-11 well has set 7 inch intermediate casing at 7,300 feet. Open hole wireline logs were run prior to this operation and preliminary analysis of the log data is still being evaluated by an independent petro-physicist affiliated with the contracted wireline operator. The preliminary indications are that there is calculated log pay in the both the Dakota and Morrison Formations. Using a 60% water saturation for a cut-off in determining oil productive zones, 23.5 feet of log pay is indicated in the Dakota and 3.5 feet in the Morrison. These intervals are only preliminary estimates and are subject to further evaluation after the primary objective has been drilled.
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