ssn - bakken increase in production

Thought it worthwhile posting this across from another site re:zoom_bee

All beneficial to the quarterly due out soon.

Have a good day

R


SSN is selling gas in Bakken again 8-Oct-11 10:18 am Samson has started to collect, contain and sell natural gas from their wells.

So for the Earl well it produced 14,861 BBO and 21,173 MCF which equates to 18,512 BOE (Barrels Oil Equivalent) for the month of August. This adds 3,651 BOE to the production. TB gets 5 stars.

Well Date Days BBO MCF MCF Sold BOE Ave BOE
Earl Aug-11 31 14861 21173 21173 18512 597
Earl Jul-11 31 15865 5616 83 15879 512
Earl Jun-11 25 16881 19088 71 16893 676
Earl May-11 28 13470 25227 0 13470 481
Earl Apr-11 8 4163 8216 0 4163 520
Earl SUM 123 65240 79320 21327 68917 560

This is not insignificant. Here are the the added volumes.

Well MCF sold
Gary 4,505
Earl 21,173
Gene 1,248
Rodney 3,306
Leonard 1,566
Harstad 92
SUM 31,890

That equates to 5,498 BOE added in the month of August. So with oil price in August that's about a 1/2 million dollars.

Like getting a bonus check early.


Sentiment : Strong Buy