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Samson Talks Stockyard Frac Ops; Spins Bit at Hawk Springs Well

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Samson Oil & Gas Limited has reported an update on both its North Stockyard and Hawk Springs projects.

North Stockyard Project, Williams County, North Dakota

Blackdog 3-13-14H (SSN WI 25.03%)

Frac operations in the Blackdog well are expected to take place following fracture stimulation of the Little Creature 3-15-14HBK well. Due to harsh weather conditions and subzero temperatures, the fracture operations have been delayed. Fracture stimulation is now expected to take place within the next two weeks.

Coopers 2-15-14HBK (SSN WI 27.7%) and Tooheys 4-15-14HBK (SSN WI 27.7%)

Fracture stimulation operations on the Coopers and Tooheys wells were completed, and both of the wells are currently shut-in. Flow-back operations on these wells will commence following fracture stimulation on the Little Creature well.

Little Creature 3-15-14HBK (SSN WI 27.7%)

The 35 stage cemented liner fracture stimulation was delayed on the Little Creature well over the weekend due to subzero temperatures in North Dakota. Currently 11 stages of the fracture stimulation have been completed. Operations are expected to resume this week, weather permitting.

Rennerfeldt 2-13-H (SSN WI 25.03%)

Frontier Rig 24 is currently 100% rigged up on the E. Rennerfeldt 2-13-H well pad. The Rennerfeldt well is expected to be spudded as soon as troubleshooting on the top drive of the rig is completed.

Hawk Springs Project, Goshen County, Wyoming

Bluff #1-11 (SSN WI 66%)

A "spudder rig" is currently being used to drill, set, and cement the 9 5/8 inch surface casing of this well to a depth of 1,000 feet. This rig will then be demobilized and a regular drilling rig will be used to drill the balance of the well. The Bluff #1-11 is a vertical well that will be drilled to a depth of approximately 8,500 feet to test a 4-way structural closure in the Permian-Pennsylvanian section. This operation is expected to be completed during the first quarter of 2014.