This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Samson Oil & Gas Operational Advisory

Stocks in this article: SSN

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA

Coopers 2-15-14HBK (SSN WI 27.7%)

As previously reported, the Coopers well was drilled and cased to a total depth of 17,685 feet. The well will be fracture stimulated in approximately a month’s time in conjunction with the Tooheys and Little Creatures wells.

Tooheys 4-15-14HBK (SSN WI 27.7%)

Tooheys was drilled to a total depth of 18,435 feet and the production liner was run and set at a depth of 18,405 feet. Frontier Rig 24 was released on Wednesday, Oct 9 th at 12:00 a.m. The rig was then skidded to Little Creatures 1-15-14HBK. Fracture stimulation operations on the Coopers 2-15-14HBK and Tooheys 4-15-14HBK wells will not start until the Little Creatures 1-15-14HBK well has been drilled to total depth.

Little Creatures 1-15-14HBK (SSN WI 27.7%)

The Little Creatures well was spudded on Oct 11 th. The 9 5/8 inch surface casing was set and cemented at 2,190 feet. The rig is currently preparing to drill the 8 ¾ inch intermediate section. Little Creatures 1-15-14HBK is estimated to be drilled to a vertical depth of approximately 11,120 feet into the Middle Bakken and the lateral portion of the well bore will be drilled to a measured depth of approximately 19,668 feet.

Billabong 2-13-14HBK (SSN WI 24.86%)

Key Energy Services Rig 370 is continuing workover operations on the Billabong 2-13-14HBK well. To date, the rig has successfully recovered approximately 20% of the drill pipe that was cemented in the hole. Operations will continue to remove the drill pipe using the wash-over assembly method.

Sail and Anchor 1-13-14HBK (SSN WI 25.03%)

The Sail and Anchor well came on production September 16 th following the initial post frac flowback. The well continues to flow naturally on a 24/64" choke averaging 537 bopd. The well has produced 9,700 barrels of oil over the first 17 days.

About Samson Oil & Gas Limited

Samson’s Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange MKT under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 2,547 million ordinary shares issued and outstanding (including 230 million options exercisable at AUD 3.8 cents), which would be the equivalent of 127.35 million ADSs. Accordingly, based on the NYSE MKT closing price of US$0.50 per ADS on October 14 th, 2013 the Company has a current market capitalization of approximately US$66.28 million (the options have been valued at an exchange rate of 0.9469). Correspondingly, based on the ASX closing price of A$0.026 for ordinary shares and a closing price of A$0.012 for the 2017 options, on October 14 th, 2013, the Company has a current market capitalization of approximately A$68.98 million.

SAMSON OIL & GAS LIMITED

TERRY BARRManaging Director

Statements made in this press release that are not historical facts may be forward-looking statements, including but not limited to statements using words like “may,” “believe,” “expect,” “anticipate,” “should” or “will.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs