SAMSON OVERVIEW Samson Oil & Gas Limited is a dual national Australian/American oil and gas company holding extensive development and exploration acreage in the USA with a focus on oil production from the Bakken and Three Forks…
PROJECT LOCATIONS 2014 Strategy: Developing shale oil resources on the Companys Bakken (Williston Basin) acreage and realization of exploration upside on its Hawk Springs (D-J Basin) project. North Stockyard Project Rainbow Project…
2014 INVESTMENT STRATEGY Drill out the existing Bakken portfolio North Stockyard 10 middle Bakken wells 8 Three Forks wells ASX: SSN Rainbow 8 middle Bakken wells NYSE: SSN 8 Three Forks wells Evaluate the conventional…
2014 IMPLEMENTATION Drill out the existing Bakken portfolio North Stockyard 10 middle Bakken wells drilled 7 fracked 4 Three Forks to spud on one pad in May ASX: SSN Rainbow CLR to operate and spud first well June Evaluate…
2014 IMPLEMENTATION Evaluate the conventional portfolio Roosevelt Farmout completed Carry in 3D seismic and a Bakken well ASX: SSN 3D seismic about to commence South Prairie Pubco well planning advanced Drilling in June NYSE:…
2014 FINANCIAL IMPLEMENTATION 25 million debt facility Conventional reserves based facility 3.98% interest rate 3 year term ASX: SSN 8 million initial base 6 million drawn Risk mitigation NYSE: SSN Farm out Roosevelt…
PROVED RESERVES DECEMBER 31, 2013 PDP PDNP PUD PROVED MBOE NPV 10 MBOE NPV 10 MBOE NPV 10 MBOE NPV 10 ASX: SSN Million Million Million Million Total 668 18.960 346 12.566 677 4.522 1,691 36.048 Prepared by Ryder Scott…
NORTH STOCKYARD Located in central part of the Bakken accumulation in Williams County Development commenced in 2008 Initial program was 1 north-easterly orientated well per Section ASX: SSN Infill program at 160 acres in both…
NORTH STOCKYARD WELL DESIGN Historical data has determined that more is better. More stages More lateral length ASX: SSN More proppant Length and volume can be combined into a Foot*Pounds metric 18 month cum of 120,000…
NORTH STOCKYARD WELL DESIGN 18 mth cum v Million Ft*lbs 45,000 40,000 35,000 30,000 ASX: SSN Million Ft *Lbs 25,000 Increase 180 day cum function of lateral length and therefore Ft*lbs 20,000 NYSE: SSN…
NORTH STOCKYARD IN-FILLS Middle Bakken NW Infills (6) Three Forks Development wells (8) Middle Bakken corner wells (4) ASX: SSN NYSE: SSN 13
NORTH STOCKYARD BAKKEN INFILLS CURRENT LATERAL STATUS AS AT 25 MARCH DAYS ON CUM TO Well Name RATE LENGTH 2014 PROD. DATE BO BOPD Recovery of drill pipe Billabong 2-13-14HBK 6,147 ft. N/A 0 N/A planned for mid 2014 Sail and…
NORTH STOCKYARD THREE FORKS INFILLS LATERAL CURRENT CUM TO TF PAD NORTH STATUS LENGTH RATE BOPD DATE BO Bootleg 4-14-15TFH 7,211 ft. Expected spud April 30th N/A N/A Bootleg 5-14-15TFH 7,495 ft. Expected spud April 30th N/A N/A…
RAINBOW PROJECT, NORTH DAKOTA Located in the heart of the Williston Basin in close SSN Rainbow proximity to the North Stockyard project and surrounded by major players. WILLIAMS CO ASX: SSN Samson is in two DSUs CLR operator…
TPLM Production and Enterprise Value Quarterly Production and Enterprise Value - Triangle Petroleum 700 1,200.00 1,055.88 600 1,000.00 500 800.00 Enterprise Value (Millions)* ASX: SSN Production (MBOE) 400…
Triangle Valuation Multiples EV to Proved and EV to Production Multiples - Triangle Petroleum 12,000,000 270 10,712,036 237.72 240 10,000,000 210 EV to Proved Reserves ( per BOE) 8,000,000 175.04 171.54 173.94 180 EV to…
CASE STUDY VALUATION MULTIPLES EV/RESERVES EV/PRODUCTION ( per barrel) ( per barrel) ASX: SSN TPLM 72 155,000 KOG 31 146,000 CLR 24 177,000 NYSE: SSN NOG 18 108,000 Average 36 146,000 19
NYSE: SSN ASX: SSN E P B D O 0 500 1,000 1,500 2,000 2,500 Jan-2014 Feb-2014 Mar-2014 Apr-2014 May-2014 Jun-2014 Jul-2014 Aug-2014 Sep-2014 DRILLING Oct-2014 Nov-2014 Dec-2014 Jan-2015…
HAWK SPRINGS PROJECT, WYOMING DENVER-JULESBURG BASIN (D-J BASIN) An oil play located in the D-J Basin in Goshen County, Wyoming, prospective for Permian conventional oil. Samsons current land position 21,000 net acres in two…
SOUTH PRAIRIE PROJECT, NORTH DAKOTA Located in the Williston Basin in Renville and Ward Counties, prospective for Mississippian Mission Canyon Formation. Many producing Mission Canyon field analogs exist along the Salt Edge trend.…
CATALYSTS Initial production rates from Middle Bakken infills. Initial production rates from Three Forks infills. Significant production and reserves growth expected from North Stockyard infill development program over next 12…
SUMMARY Diversified acreage position targeting both conventional and unconventional oil accumulations. Samson is poised to generate significant production and cash flow growth from an 18 well low risk development infill drilling…
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