EnerCom Oil and Gas Conference London June 2012 Robyn Lamont, CFO
SAMSON OVERVIEW Key Information Exchange / Ticker Dual Listed ASX and the NYSE AMEX (SSN) Debt(2) Zero Shares Outstanding (6) 88.4 MM (99.9 MM diluted) Average Daily Trading Volume(3) 0.9 Million shares ASX: SSN Average Daily…
MANAGEMENT TEAM Petroleum Geologist. Terry Barr Cooper Basin Exploration Manager for Santos. Discovered and developed significant volumes of tight gas and oil. Chief Executive Officer Experienced in start ups. 35 year of Industry…
PROJECT LOCATIONS North Stockyard Project Williston Roosevelt Project Basin Greater Green River Basin ASX: SSN D-J Basin Hawk Springs Project NYSE: SSN Western State GC Oil Field Permian Basin Gulf Coast Basin…
CORE PROJECTS: EARLY MOVER INTO OIL PLAYS Exploration Strategy Generates Highest Upside and Returns 35,000net acres (most likely plus market risk case) Montana Bakken 97 net drilling locations Roosevelt Project Completed -…
OIL DRILLING DRIVING PRODUCTION Gas Asset Sale ASX: SSN NYSE: SSN 7
OIL PROPORTION INCREASING ASX: SSN NYSE: SSN 8
ACREAGE SUMMARY Basin Objective Project Net Acres DJ Basin Permian Hawk Springs 18,000 ASX: SSN Williston Basin Bakken North Stockyard 1,200 1,200 Williston Basin Three Forks North Stockyard NYSE: SSN Williston Basin…
NORTH STOCKYARD FIELD NORTH DAKOTA BAKKEN
STRATEGIC RATIONALE, NORTH STOCKYARD FIELD Primary production and cash flow engine North Stockyard Field Lower risk infill drilling ASX: SSN Adjacent Three Forks drilling suggests 10 well locations Activity NYSE: SSN 2…
NORTH STOCKYARD, WILLISTON BASIN 6 by 640 acre Bakken producers, 6 EVERETT frac complete additional infill 1,373 BOEPD initial Harstad 1-15H well (Bluell) 2 infill wells-2012 ASX: SSN RODNEY frac complete Bakken and Three…
ROOSEVELT PROJECT MONTANA BAKKEN
STRATEGIC RATIONALE, ROOSEVELT PROJECT Increase operatorship in premier oil play Control costs Roosevelt Project Control pace ASX: SSN Partnership with Tribal Company funded by Quantum Bakken potential being NYSE: SSN…
ROOSEVELT PROJECT, DRILLING PROGRAM Australia II Production facilities have been constructed and pumping was initiated at the end of May Production is being evaluated ASX: SSN Frac design was not optimal (post frac analysis)…
BAKKEN PETROLEUM SYSTEM Modeled Vitrinite Reflectance Nesson Anticline North Stockyard Parshall-Sanish Roosevelt Project 0.9 ASX: SSN 0.8 0.7 LEGEND Samson Acreage NYSE: SSN 0.6 STRUCTURAL ELEMENTS Oil…
LEASING PROGRAM 20,283 acres acquired. Subject to a buy back election by the vendor. Leasing and optioned acres will result in the acquisition of a total gross of 53,000 acres. ASX: SSN Samsons net acres after the vendor…
FORT PECK COMMUNITY RELATIONS Samson regular visitor to Tribal Executive Board meetings. Has held a community Town Hall meeting to discuss current and future operations plans on the reservation, and to create an open forum for…
TRIBAL MEMBERS FOLLOWING THE BLESSING CEREMONY ASX: SSN NYSE: SSN 21
HAWK SPRINGS PROJECT DJ BASIN (WYOMING) PERMO-PENN
STRATEGIC RATIONALE, HAWK SPRINGS PROJECT Vertical conventional Permo-Penn SOA II drilled to a TD Hawk Springs Project 10,634, logged and 7 casing with a 5 production liner run ASX: SSN Cased hole test being undertaken 3D…
SPIRIT OF AMERICA II Well has been drilled to the intermediate casing point of 9,140 feet 70 feet deeper than the point at which the well was abandoned prior to penetrating the two 3D seismically defined targets. Salt section was…
HAWK SPRINGS PROJECT D-J BASIN Next steps Permo-Penn Evaluate production of Spirit of America II Prepare for Clipper 1 planned on an adjacent 40 acre spacing unit ASX: SSN Spud expected June 18th contingent on production…
FINANCIAL OVERVIEW
PROJECT TIMELINE * Drilling Program to Appraise, Evaluate and Grow Oil Prospects Q112 Q212 Q312 Q412 Hawk Springs Permian Evaluate SOA II Well ASX: SSN Hawk Springs Permian Drill Clipper I Well Roosevelt Project Bakken…
CAPITAL PLAN-2012 CALENDAR YEAR 28.0 MM Total Budget Targeted to High-Impact Oil Projects ASX: SSN NYSE: SSN 28
WHY SAMSON Transformational period underway Growing oil production through the drillbit Four major oil projects with stream of upcoming catalysts As operator of 3 of our 4 major projects, we control development pace Experienced…
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