Samson Oil and Gas Limited (Samson, SSN, Company) has achieved a maximum flow rate of 1,320 barrels of oil per day on clean up from the Bakken formation in its Rodney #1-14 well, located in North Dakota (SSN 30%). The rate is significant as 15 frac plugs (which effectively choke back the potential flow of the well) are yet to be drilled out. The plugs are expected to be drilled out next week, at which time an official initial flow rate may be announced.
The Company has also provided an update on timing of fracture stimulation operations at its Earl #1-13H well, located adjacent to the Rodney well.
Activity is scheduled to commence on the 4th April. Samson has a 30% working interest in the North Stockyard project, targeting the Bakken formation, equating to 1,200 net acres.