SAMSON OIL & GAS ADVISES ON RODNEY #1-14H AND EARL 1-13H WELLS Denver 1700 hours February 13th, Perth 0800 hours February 14th 2011. Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that firm fracture stimulation dates for the Rodney #1-14H and Earl 1-13H wells have been established. In an earlier presentation Samson expected that the wells would be fracture stimulated in February after a service provider made a crew available, however, that crew was subsequently withdrawn. Fracture stimulation operations are expected to commence March 14th for the Rodney well and March 28th for the Earl well. These two wells are the latest wells drilled to date in the North Stockyard field. Samson presently expects to drill the remaining 640 acre spaced Bakken well (Harstad #2-15) in the North Stockyard Field and the 4 infill wells to establish a 320 acre spacing during the course of 2011. Samson also plans to drill the first well to evaluate the Three Forks Formation within the North Stockyard Field in 2011.
SSN Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
