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Samson Spins Bit at North Stockyard; Gains Additional Permit

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Samson Spins Bit at North Stockyard; Gains Additional Permit

Samson Oil & Gas Limited has reported an update on the following Bakken operations.

North Stockyard (Samson operated North Tier)

The Sail and Anchor 3-13-14 HBK well is presently drilling ahead in the Lodgepole Formation at a measured depth of 11,514 feet. The kick-off point for this 8-3/4 inch curved portion of the hole was reached on May 10th. Sail and Anchor is targeting the Middle Bakken zone, which is produced in the offset wells.

The forward plan is to continue drilling the intermediate hole to a depth of 11,660 feet, where a 7 inch intermediate casing string will be set after which a 6,300 foot horizontal section will be drilled in the Middle Bakken.

South Prairie Project (Samson 25% non-operated working interest)

The drill permit for the Matson #3-1 well located in Ward County, ND…

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