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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.
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July 22, 2014
05:05 EDTSSNSamson Oil & Gas provides operational advisory
The 4-1/2 inch production liner has been set and cemented successfully in the Bootleg 7-14-15TFH well. Frontier Rig 24 is currently drilling the vertical portion of the wellbore at 8,549 feet on the Bootleg 6-14-15TFH. Once the Bootleg 6-14-15 TFH is drilled the rig will then be moved to the north pad and begin drilling the two Ironbank wells. A work over rig completed running the rod string on Matilda Bay 2, and the well is now flowing. The Matilda Bay 1 is currently undergoing a liner repair. Following this work over the fracture stimulation program will be completed. As previously advised further consideration is being given to testing a zone in the Bluff 1-11 wellbore in the primary target, the Permian Hartville Formation. The Gladys 1-20 H well is being drilled by Continental Resources. The well is a 1,280 acre lateral, approximately 10,000 feet, in the middle Bakken. The curve has been drilled and landed in the Middle Bakken, and 7 inch casing has been run and cemented and a depth of 10,436 feet. A work over rig was moved onto the well July 16th to re-establish production. Rods were parted at the top of the pump. Tubing was pulled to retrieve the pump. Tubing, rods, and a new pump were run back in hole, and the well was put on production July 18th. Since then, the well has flowed 317 bbls oil at a rate of 159 BOPD.
July 15, 2014
05:16 EDTSSNSamson Oil & Gas provides operational advisory
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