SSN 0.00% 1.5¢ samson oil & gas limited

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    Defender US33 #2-29H, (SSN 37.5% WI)
    A jet pump was installed in the Defender US33 #2-29H and the well has produced daily oil rates
    between 15 and 236 BOPD (normalized basis assuming a full 24 hour up time). Discounting the
    early “flush production” the well has produced at an average rate of around 50 BOPD.
    We are in the process of running bottom hole pressure gauges to optimize the jet pump operation
    which by design has several parameters (including the use of oil or water as the power fluid) which
    may be varied to achieve this optimization. This process will take a couple of weeks since each
    parameter change takes a day or two to evaluate.
 
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