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Samson Updates Bakken Infill Ops at North Stockyard

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Samson Oil & Gas Limited has reported an update on its North Stockyard Project.

The infill development plan for North Stockyard is to drill 8 middle Bakken wells and 8 Three Forks wells. For ease of reference, the current status of each well is set out below with separate tables for each drill pad:

#The Avg. Daily rate is an average of the last week’s production or the average after the well was put back into production.

Total Company Production

Samson net production for 2014 is as follows:

The Coopers well is scheduled for a rod pump installation on Wednesday, May 28^th.

The Bootleg 4-14-15TFH well was drilled to the production casing landing point of 11,563 feet measured depth, where 7 inch casing was run and cemented. The lateral is currently drilling ahead in the Three Forks at 15,746 feet measured depth.

As advised previously, the Bootleg 5-14-15TFH well has been drilled to a measured depth of 11,675 feet, and 7 inch casing has been landed and set in the Three Forks.

Hydraulic fracture stimulation operations have been completed on Matilda Bay 2-15H with 3.5 million pounds of proppant placed. Operations on Matilda Bay 1-15H were suspended after fracking Zone 6 (Of 24 zones) due to a pressure loss that needs to be investigated further. Flow back operations are expected to commence later this week on Matilda Bay 2-15H.

Samson’s working interest and its net revenue interest for the North Stockyard Project is set out in the following table: