Samson’s oil production continues to grow from its infill development in the North Stockyard Field and in June averaged approximately 700 BOEPD.
The June production does not include any meaningful contribution from five wells that have been drilled and completed but have yet to be fracked or are waiting on a work over.
These are: Billabong ,Bootleg 4 and 5 drilled and completed but not fracked Matilda Bay 1 waiting on a work over and completion of the initial frack Matilda Bay 2 shut-in for an offset frack job (outside of North Stockyard)
The Blackdog well continues to outperform; the well has been flowing post-frack for 4 months and has produced 81,000 BO.
To put this in context, Samson's internal type curve for North Stockyard estimates production of 52,250 BO in that period, and the curve used in Ryder Scott's reserve report produces 33,900 BO. Blackdog has exceeded both of these estimates by 55% and 140% respectively. Importantly, the recently recovered but yet to be fracked, Billabong well is located adjacent to Blackdog.
SSN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
