SSN 0.00% 1.5¢ samson oil & gas limited

ssn 2011 activities

  1. 1,327 Posts.
    Quick update on whats happened this year and what's to come.

    Achieved this year
    - Niobrara 3D seismic survey complete.

    - HAL JV/farm-in to develop Niobrara acreage with Samson.

    - Share price increase from 7c to 13.5c

    Currently pursuing (no date set)
    - Securing Water Source for Niobrara drilling and Completion operations.

    - Rental of 25 acres to be used as storage for equipment, supplies and vehicles for Niobrara Operations.

    - Infill Bakken program, which would see an additional four development wells drilled within the field.

    - In addition Samson is looking to drill an appraisal well to evaluate the production performance of the Three Forks Formation in North Stockyard Field.

    - SPUD Harstad #2-15H.

    - Frac of both Rodney #1-14H (27% working interest) and EARL #1-13H (32% working interest)
    "Samson is seeking to independently secure a frac crew which will frac the Bakken formation in both the Rodney #1-14H and Earl #1-13H wells in early February. These wells are in the North Stockyard Field, North Dakota"

    - Expecting 3D data analysis results.
    "A final Post-Stack Migration processing volume should be completed by the end of January and a Pre-Stack Time Migration volume should be completed by mid-February."

    - Completion of 3D data interpretation.
    "Reservoir characterization products should be available by late-March or early-April"

    - Niobrara drilling scheduled towards the end of the March quarter. "The initial interpretation has been completed and an attractive J-Sand prospect has been mapped which is in the process of being evaluated for drilling in the March quarter."

    - State GC#2 well will be fracture-stimulated as soon as a frac crew becomes available. "well fracture stimulated in the first quarter of the 2011 calendar year."

    Q2 2011
    - Diamondback Samson 100% Working Interest. The well intends to spud by June 2011.
    "The well will be located in Jefferson County, Texas approximately 9.5 miles south of the town of Fannett. The well has been permitted to a depth of 8,900 feet to test a bright spot anomaly in the prolific Oligocene Marginulina Frio sand.�

    - Wyoming Greater Green River Basin sale will be concluded by 30 June 2011 (typo in ann should be 2011)

    MAY 2011

    JUNE 2011...on
    2 drilling rigs expected on Niobrara acreage plan to drill 2 wells per month for remainder of year = 12 x wells

    Any additions / modifications please post and update.

    All the best everyone

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