North Stockyard, (Williams Co, ND) Drilling Sequence Harstad 1-15H: drilled in 2007 produces from Mission Canyon ASX: SSN Leonard 1-23H: Drilled and fracced in 2008 and was first Bakken Formation producer. Gene 1-22H, Gary…
North Stockyard, (Williams Co, ND) Average of 31% working interest in six sections. Mission Canon Producers: Harstad 1-15H well ASX: SSN Bakken Producers: Fracced Leonard 1-23H well (10% working interest, 37.5% after…
North Stockyard, (Williams Co, ND) 2012 infill program Hearing for regulatory approval for in fill program scheduled for December 14th Approval being sought for 4 infill development wells ASX: SSN Salt water Disposal project…
North Stockyard, (Williams Co, ND) IN FILL WELLS 8 9 10 11 12 7 ASX: SSN 17 16 15 14 13 18 640 gross acres 640 gross acres 640 gross acres Surface to Bluell: SSN 34.51% Surface WI to Bluell: SSN 17.42% Surface WI to Bluell:…
State GC Field (Lea Co, NM) Produces from the Wolfcamp State GC1 (27% working interest), produces around 60 BOPD State GC2 well (27% working interest) drilled and ASX: SSN completed in 2008 within the Wolfcamp at minimal rate…
Sabretooth (Brazoria County, TX) Davis Bintliff 1 well (9% working interest) Drilled and completed in 2008. Gas production has been flat at 4.5MCF/day. Cumulative production to date is ASX: SSN approximately 3.8 Bscf and 45,800…
Sabretooth (Brazoria County, TX) 4 net pay ASX: SSN Diamondback Prospect Sabretooth 1 Discovery Top of Pay = -13,224 tvd NYSE: SSN 52 net pay BASE MAP DATA IS COPYRIGHTED BY IHS INC., ALL RIGHTS RESERVED. Base of…
Hawk Springs (Goshen Co, WY) Niobrara Formation In 2010 sold 24,000 acres at 3,150 per acre to Chesapeake Energy totaling US73.4 million. Retained 16,000 acres in the play. ASX: SSN Farmed out at the same rate per acre to…
Hawk Springs (Goshen Co, WY) Defender US33 2-29H (37.5% fully carried) SSNs first horizontal Niobrara appraisal well. Commenced drilling operations in mid-August. Reached a total depth of 11,089 feet in late ASX: SSN September.…
NYSE: SSN ASX: SSN Defender Frac 13
NYSE: SSN ASX: SSN Defender Frac 14
Spirit of America US34 1-29 (SOA) 3-D seismic surveying determined numerous targets at the Permian and Pennsylvanian level. Commenced drilling operations 1 October. ASX: SSN Operational difficulties led to drilling reaching a…
Roosevelt Project (Roosevelt Co, MT) Acquired 20,000 net acres with an option to acquire an additional 20,000 acres in the Bakken continuous oil accumulation area of a largely undrilled but highly prospective part of the Williston…
Roosevelt Project (Roosevelt Co, MT) ASX: SSN NYSE: SSN SSN SSN Australia II Gretel II 17
Roosevelt Project (Roosevelt Co, MT) Australia II 12 KA 6 SSNs first of two initial horizontal appraisal wells in the Bakken play located on the Fort Peck Indian Reservation. ASX: SSN Well was spudded with Clear Creek Rig 5 and…
Roosevelt Project (Roosevelt Co, MT) Gretel II 12 KA 3 SSNs second horizontal appraisal well in the Bakken play located on the Fort Peck Indian Reservation. ASX: SSN Clear Creek Rig 5 spudder rig mobilized to well site early…
Roosevelt Project (Roosevelt Co, MT) Australia II & Gretel II: Fracture Stimulation Program Design of the frac being finalised ASX: SSN Coiled tubing conveyed stimulation is an option is being examined, this could be achieved…
Community Program Town Hall Meetings Were held in Lingle, Goshen CO WY, for Hawk Springs Project, and in Fort Kipp, Roosevelt CO MT, for Roosevelt Project. Objective was advise communities on operations taking ASX: SSN place in…
Community Program Employment Assistance Programs Halliburton (HAL) has encouraged Tribal Members to apply for open operational positions via their web site. SSN created a brochure available in the Fort Peck community with…
Roosevelt Project (Roosevelt CO, MT) ASX: SSN NYSE: SSN Fort Peck Tribal Members Conducting the Blessing Ceremony 24
Share Price Performance Market Cap (4 Jan. 2011 Market Cap (17 Nov. 2011) 143 million 208 million 10,000,000 4.7 9,000,000 4.2 45 % increase 8,000,000 3.7 ADR Volume ASX: SSN 7,000,000 3.2 SSN Share Price USD…
Production Performance Commodity price differential Greater focus on oil and less focus on gas. Principle gas assets were sold as a result. ASX: SSN NYSE: SSN GAS OIL GAS REVENUE OIL REVENUE 2010 442 Mcfd 32 BOPD 1,610.37…
Performance Comparison to Equity Market Performance Performance (1 year) (2 years) 85% 900% Samson Oil & Gas S&P 500 4% 4% ASX: SSN Non-conventional: North American Shale Index Average 8% 184% Conventional &…
Performance comparison to Market Competitors Performance Performance Company (1 year) (2 years) Aurora Oil & Gas 96% 817% Antares Energy Limited -30% 10% ASX: SSN Kodiak Oil & Gas Corp 31% 132% Texon Oil & Gas 8% 143% NYSE:…
2012 Planning Hawk Springs Project (Goshen County, WY) Evaluation of Defender result. Production of Spirit of America. Re-drill of Permian & Pennsylvanian test ASX: SSN Roosevelt Project (Roosevelt County, MT) Evaluation of…