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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 Samsonís 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 Samsonís 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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October 14, 2014
05:16 EDTSSNSamson Oil & Gas reports Sept. production 7,358 BOE vs. 10,219 BOE in August
Reports September production 245 BOEPD vs. 329 BOEPD in August. Reports September oil production 5,527 BO vs. 7,791 BO in August. Reports September gas production 10,988 MCF vs. 14,569 MCF in August. The infill development drilling of North Stockyard continues with the immediate fracking of 3 Three Fork wells. Drilling operations of the easterly Three Forks wells have progressed according to plan. During the fracking operations, the field was shut in to protect the existing well bores. This shut in period is expected to be lifted late in November following the completion of the immediate fracking program. Bootleg 6 and 8 fracks have been completed. Both frack jobs were 25 stages, 3.5 million pound treatments. The Bootleg 7 frack job is underway. The Billabong 2-13-14HBK well is presently scheduled to be fracked in November and the frack will consist of 35 stages. Frontier Rig 24 is currently on the TF north pad and has drilled and completed the Ironbank 4-14-13TFH in the Three Forks formation. The rig is drilling Ironbank 5-14-13TFH where it has set the production casing at 11,655 feet and is currently drilling the lateral portion of the wellbore at 11,733 feet. The Gladys 1-20 H 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. Since the Gladyís 1-20H was turned onto production September 7th, the well has produced an average of 414 BOPD.

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