Australia IIGood hydrocarbon shows were recorded on the mud log...

Australia II
Good hydrocarbon shows were recorded on the mud log when coring through the Middle Member of the Bakken Formation.

The Middle Bakken (the target zone in which the lateral is to be drilled) showed an instant streaming hydrocarbon cut evidencing oil saturation. Mud filtrate invasion observed on the exterior of the core is qualitative evidence that this sequence is permeable.


Defender
Modest amounts of oil are starting to flow into the tanks - the well is beginning to see a pressure response from the formation - The well has been shut in during the overnight periods and has exhibited a buildup of pressure, indicating that the well is beginning to see a pressure response from the formation. The pump jack will enable the removal of completion fluids from the wellbore to allow formation fluids to enter the well.


Spirit of America
The well is now ready to be fracture stimulated. In
light of the size of the frac job (only a single stage with approximately 200,000 lbs of proppant), the frac will not have a set date but is expected to be completed on an “opportunity basis” in the near future.

The re-drill of the Permian/Pennsylvanian prospect at this location remains a priority for Samson. It is currently expected that a revised engineering plan for the replacement well will be completed in late January so that the drilling of the well can be considered during the first quarter of 2012


Everett
Fracture stimulation operations have commenced on the Everett #1-15H well, with Stage 1 already being pumped. The frac spread is new and has encountered some hydraulic problems with the main pump units, which required a two day shutdown of operations. Given that this is the spread’s first job, it is being conducted on a fixed price basis. The stimulation will be 20 stages and place 2.37 million pounds of proppant.


Infill Well Hearing
Samson and its partners in the North Stockyard project area have submitted an application to the NDIC Oil and Gas Division to allow the drilling of four infill wells on the North Stockyard Field.

This application is on the NDIC hearing docket and should be reviewed at its December 15th hearing.



Just my little summary, what an excellent announcement TB, well done.