- The project covers 23,700 gross (5,925 net) acres prospective for conventional oil targets in the Williston Basin.
- Low entry cost
- Approximately 20 million barrels of oil potential, based on 2-D seismic.
- 3-D seismic data acquisition survey and processing to high-grade new drilling prospects, to be acquired before end of 2012.
- Drilling and completion cost estimated at $1.1 million per vertical well using conventional drilling and completion techniques.
- Very attractive rates of return
Samson Oil & Gas Advisory
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