developing unconventional oil conference, page-5

Morning all,

apologies if I'm overloading you all with these articles but, this seems to be up to date and has a decent run down on Samson.


http://oilshalegas.com/niobrarashale.html


What is the Niobrara Shale Formation? The Niobrara Shale is a shale rock formation located in Northeast Colorado, Northwest Kansas, Southwest Nebraska, and Southeast Wyoming. Oil and Natural Gas can be found deep below the earth's surface at depths of 3,000 - 14,000 feet. Companies drill these wells vertically and even horizontally to get at the Oil and Natural Gas in the Niobrara Formation.

The Niobrara Shale is located in the DenverJulesburg basin which is often refered to as the DJ Basin. This exciting oil shale play is being compared to the Bakken Shale which is located in North Dakota. While we are still in the early stages on the Niobrara play, the results are looking very promising. Oil & Gas companies are quickly leasing land in the core zones located in Weld County Colorado, Yuma County Colorado, and even Cheyenne, Kansas.


The Niobrara Shale is semi new oil formation that is starting to see some exciting results. Many companies are actively buying up land leases and acquiring acreage in the Colorado / Wyoming regions. As we approach the end of 2010, we should get a better sense of the potential here. Samson Oil & Gas Limited (SSN), which has 46,000 net acres in the Goshen Wyoming area, is already referring the Niobrara Shale as the NeoBakken. Recently, EOG Resources (EOG) announced they continue to lease land but are up to 400,000 acres.