SSN samson oil & gas limited

After arriving a little late towards the end of the...

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    After arriving a little late towards the end of the presentation.

    To TB's credit he fielded a number of questions that went for about an hour.

    Some details from today, most known already.

    Sounded like the debt funding arrangement was going ahead regardless, even though Roosevelt is on the block, as it's not certain what time frame a sale would be proceed. TB added, that if no sale soon it's not a bad thing as there is a 3d about to be shot in the area including our lease through some geo mob that could add value to the acreage and that data could be available for a song through Fpec.

    Sail and anchor well is currently plugged so the production tree could be removed from the pad and accomodate Rig 24 to prevent risk of accidental damage to equipment and personel safety.
    Production rates are not as good as the Zavana neighboring well.
    There could be a number of reasons. The frac design was the same but the completion methods between operators are different as Slawson does not see the need to remove the composite frac plugs immediately as it's safer to work over the well once pressure has normalized, so some build up behind the plugs could be present. The well will be worked over when the need for a pump is required.

    Good news in the presentation about looking to farm down Rainbow. But Slawson not interested in this prospect. They will lend us the rig after the Bakken wells at North stockyard are drilled. a few others are in discussions for a farmin.

    Billabong, work over has also been halted and will resume once Blackdog is drilled and the pad area is freed up from the drill rig.
    Cement logging indicates a few more collars need to be passed before the remaining section should be freed. Hopefully about two weeks work once re started. Then Bong and Blackdog can be fracced together.

    Defender, can't convince Hall to go back in and re fracc so it will remain on a timed pump.

    Coonoc still wanting to participate in bluff, someone else will farm in also to reduce risk.

    South prairie well to be drilled also.

    Getting a bit vague now so I will go and try to recall the memory bank.
    Could be back later tonight. I'm sure the good crew down in Vic will fill in the blanks tomorrow.
    By for now!

 
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