- DEFENDER...Pending economic production results from the Defender US33 #2-29H well, a longer 9,000+ foot lateral in the Niobrara is currently being planned. Samson has recently requested a hearing at the WYOGC to allow for 1280 acre well spacing in order to drill such a well.This hearing is booked in for May 8th.The core data has been analyzed and confirms that the Niobrara Formation is well within the oil maturity window at our Defender well location as well as over the majority of Samson’s acreage position. This information along with our recent production is encouraging.
- AUS II and GRETEL II.....Oil has been discovered at both locations. Aus II 600 barrels during drill out.If commercial production is established at Australia II 12 KA 6 or Gretel II 12 KA 3, a development program would commence and include the drilling of the Australia III 12 KA 9 well (permitted),the Australia IV 12 KA 16 well (permitted and surface casing set), or a new location yet to be named. (eco pad ????)
- HAWK SPRINGS JV....Samson’s current land position in the Hawk Springs projects stands at 18,580 net acres after assuming that our farm-in partner exercises their option to drill the second farm-in well.
- NORTH STOCKYARD.....The North Dakota Industrial Commission approved the spacing order request for North Stockyard allowing for the drilling of four in-fill locations.
- SOA 2.....The Spirit of America replacement well, Spirit of America US34 #2-29, will spud on or about on 1 May to test the Permian and Pennsylvanian age targets delineated from Samson’s North Platte 3-D seismic survey. Samson has mapped numerous similar prospects within its 3D seismic area that will allow for substantial follow up to this well.
OMR
SSN Price at posting:
9.6¢ Sentiment: LT Buy Disclosure: Held