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SAMSON OIL & GAS OPERATIONAL ADVISORY
Denver 1700 hours September 3rd, Perth 0700 hours September 4th, 2013
NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA
Tooheys 4-15-14HBK and Coopers 2-15-14HBK wells (SSN WI 27.76%)
The curve portion of the Tooheys 4-15-14HBK well was drilled and landed in the top of the Middle
Bakken Formation at a depth of 11,695 feet. The rig is currently running 7 inch casing into the
hole. Once the rig is finished running the casing, the rig will skid over to drill the 8 ¾ inch
intermediate portion of the Coopers 2-15-14HBK well as a time saving measure, while the casing in
the Tooheys 4-15-14HBK well is being cemented. The Coopers well will be drilled to a total
measured depth of 17,827 feet and subsequently the rig will skid back to the Tooheys well to
finish the lateral portion of the well.
Sail and Anchor 1-13-14HBK well
Fracture stimulation of the Sail and Anchor well is currently anticipated to commence September
5
th
.
ROOSEVELT PROJECT, ROOSEVELT COUNTY, MONTANA
As previously advised, Samson amended the Asset Purchase &Sale Agreement which provided
for the sale of the Company’s Roosevelt County project for $13.533 million to allow the buyer to
close by August 31st, after the buyer provided evidence of the availability of funds to complete the
purchase. The buyer nevertheless failed to close by the extended closing date. Accordingly,
Samson has terminated the agreement and is exploring other alternatives for the property.
As previously reported, Samson still expects to realize substantial value from this contiguous
45,000 acre project (of which Samson owns 30,000 acres), through a joint development project,
sale or other means.