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Stock Market & Financial Investment News

News Breaks
August 19, 2014
05:02 EDTSSNSamson Oil & Gas provides operational advisory
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. Frontier Rig 24 has set and cemented the 9-5/8 inch surface casing on the Bootleg 8-14-15TF2H. Presently, the intermediate section of the wellbore is being drilled at depth of 10,397 feet. Bootleg 8 is the first well in the North Stockyard field to target the Second Bench of the Three Forks. Spacing approval has been received for a total of 22 wells in the Three Forks Formation and therefore will maintain a development drilling program over the forthcoming 2 years within the North Stockyard Field. The Bootleg 5-14-15TFH frack has been completed. A total of 35 stages were successfully completed with 8.15 million pounds of sand placed. The Bootleg 4-14-15TFH frack is underway and the plan is to fracture stimulate 28 stages with a total of 4.5 million pounds of sand. A rig is on site repairing the liner on the Matilda Bay 1, but the operation has been temporarily suspended to shut-in the well for the Bootleg 4 and 5 fracks. Following the fracture stimulation the work–over will reconvene. The Matilda Bay 2 is currently shut-in for the Bootleg 4 and 5 fracks.
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 Glady’s 1-20H was turned onto production September 7th, the well has produced an average of 414 BOPD.

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