Ann: Operational Advisory, page-5

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buc

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08/07/14

10:37

Post #: 13626392
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Originally posted by buc ↑

Bullish announcement, imo...

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.

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Me thinks, TB thinks, little Samson can squeeze another 700 bopd out of Billabong, Bootleg 4 & 5, Bootleg 6 & 7, Matilda 1 & 2, for a grand total of 1400 bopd.

Any reason why we're not sitting on 4c?

SSN Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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Ann: Operational Advisory, page-5

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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