SSN samson oil & gas limited

a reminder, page-18

  1. 470 Posts.
    The Enercom report has an IP rate of 744 BOPD for the Niobrara wells which will translate to their EUR of 413 MBOE.

    The EUR is calculated with the decline curve rate used from the Silo fields so if this is correct with the Hawk Springs Project and we do hit 1000 IP rate or above would prove to be an exceptional result.
    In the video TB said the 2 appraisal wells would be developed in the area where the "fracture density is the greatest" so therefore expect these 2 wells to be big producers.

    Acreage if you are correct and we do have IP rates at 2000 BOPD you better hang on to your hat because Samson's SP will be in overdrive. Remember with no additional cashflow from the Niobrara to date, and a drilling program of 2 rigs and 30 million plus over the next 2 years and ORRI to come, i know where I want my hard earned money to be parked.

    GLTA
 
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