SAMSON OIL & GAS ADVISES ON OPERATIONS IN THE NORTH STOCKYARD OILFIELD Denver 1700 hours 18th April, 2011, Perth 0700 hours, 19th April, 2011 Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises on the three active wells in the North Stockyard Oilfield. The Earl #1-13H has been under flow back since April 13th but the 19 frac plugs have yet to be drilled out. The flow rates will be published later this week when the plugs are expected to be removed. A work over rig is already being mobilized to the Earl well site, and is presently expected to initiate the plug drill out either late Tuesday or Wednesday of this week. After completing the drill out of the Earl well, the work over rig will move to the Rodney #1-14H location and conduct the drill out of the plugs in that well. Separately, the drilling rig that is to drill the Everett #1-15H well is currently being mobilized to the well site. The rig move is being hampered by poor weather conditions and the spring thaw of the well sites. Upon completion of the mobilization, the rig owner is planning to undertake repairs to the rig before commencing drilling, so the spud is currently expected to occur the last week of April.
SSN Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
