SAMSON OIL & GAS OPERATIONAL ADVISORY Denver 1700 hours September 16th 2013, Perth 0700 hours September 17 th , 2013 NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA Sail and Anchor 1-13-14HBK well (SSN WI 25.03%) Fracture stimulation operations on the Sail and Anchor 4-13-14 well finished on September 11th with the placement of 2.5 million pounds of proppant over 22 stages in the 6,100 foot lateral that was drilled in the middle Bakken. There were no screen-outs and the fracture stimulation operation generally went as planned. Flowback operations started three days later on September 14th. With the well choked back, the average oil rate seen over a 24 hour period was 1,375 BOPD with a maximum hourly rate of 1,768 BOPD. The short flowback period is finished and the well will be handed over to production. At this time there are no definitive plans to drill out the frac plugs which may be limiting production. Coopers 2-15-14HBK and Tooheys 2-15-14HBK wells (SSN WI 27.7%) The Coopers 2-15-14HBK well was drilled to a kick-off point of 10,610 feet, at which point the curve portion of the well was drilled and landed in the upper part of the Middle Bakken Formation. 7 inch casing was run to 11,294’ and cemented. Current operations involve picking up 4 inch drill pipe and running in hole with a lateral drilling assembly. The Coopers well will be drilled to a total measured depth of approximately 17,827 feet. When Coopers is completed,
SSN Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held