expected news maybe lame

Gretel II FRAC plugs are drilled out by now and the production facilities constructed. Samson has oil here though the flow back was only reporting 70 BBO this I believe will have a large number like 4,000 BBO flow back by the next report. Things have been quiet since May 1st.

Defender had its new jet pump installed and the next report should have a reported flow of 200+ BOD.

Spirit of America news will just get folks frustrated as the Frontier Rig #11 is for the SPUD only. The casing would have been set by May 2nd and dry by the 4th. News will most likely say that the casing is set and the well is at 2,250 TVD and the larger top-drive rig scheduled. This is a vertical well so about 10 more days to the target. Samson will assess if a small FRAC is needed. Stockholders will react positively when Samson breaks through the Permian salt layer in anticipation of oil below.

The Bakken 4 In-Fill wells and plat layout have been approved. Expect the first to start on or about July 1st as that’s with Samson fiscal year 2013 money. They may report this news soon as scheduling the PRECISION 512 rig is difficult as Zavanna is busy. Right now it’s drilling the Nelson well which is on Section 3-153N-99W. Zavanna has their NABORS 350 on Tony Section 3-155N-100W a little further away.

You can check active rigs in the Bakken here:

https://www.dmr.nd.gov/oilgas/riglist.asp

Here’s a pic of the approve in-fill case plat layout.

https://docs.google.com/file/d/0B-86qfVrGvvXM2dxVGM5d0g3bWc/edit

Here’s a pic of the Stockyard Creek layout, Samson has Sections 13, 14, 15, 22, 23, and 24.

https://docs.google.com/file/d/0B-86qfVrGvvXd2lvNnVkdmRCVWc/edit

Here’s the Samson Bakken production numbers to date:

https://docs.google.com/file/d/0B-86qfVrGvvXVXdBcFJfQ0lEYTQ/edit