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Stock Market & Financial Investment News

News Breaks
July 1, 2014
05:11 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. Slawson has exercised its option to acquire 50% of Samson’s interest in the Billabong well following the successful conclusion to the drill pipe recovery workover. Frontier Rig 24 has drilled to kick off point of 10,813 feet and is tripping out of the hole to pick up the curve drilling assembly on the Bootleg 7-14-15TFH well. The rig will then skid to Bootleg 6-14-15TFH well to drill the surface and intermediate holes. Drilling operations have been completed in the Bluff 1-11 well. Preliminary planning for two cased hole tests has been completed and will be presented to the working interest owners for their consideration. Continental Resources has proposed to drill the Gladys 1-20H, a 1,280 acre lateral in the middle Bakken. Samson has a 23% working interest in this well. This well will be the first in the Rainbow project which is expected to maintain Samson’s production growth following the completion of the North Stockyard infill program towards the end of 2014. Rainbow will currently support a drilling program of up to 14 wells, comprised of 8 wells in the middle Bakken and 6 in the Three Forks. Continental commenced spudding operations of the Gladys 1-20H with a spudder rig on June 27, and will proceed with the remaining drilling operations on or around July 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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