COMPANY SUMMARY Market capitalization US228 million All of its assets in the USA Dual listed on the ASX and the NYSE AMEX (SSN) Samson has several significant liquids projects 1. Niobrara Shale, Wyoming ASX: SSN 16,391 net…
COMPANY SUMMARY Analyst Coverage USA Casimir Capital Target 5.00 ASX: SSN Enercom Most Likely 8.51 AUSTRALIA NYSE: SSN Hartleys 6 month target 5.24 (converted from A0.27) 4
CAPITAL STRUCTURE Dual listed NYSE AMEX Issued ADS 83.2 million and ASX (SSN in both Listed Options markets) (exercise price of 16.6 million ASX: SSN A0.015) US investors represent Share price US2.37 60% Option price US1.80…
MANAGEMENT TEAM Terry Barr, Chief Executive Officer Petroleum Geologist, career spanning 35 years Cooper Basin Exploration Manager for Santos Discovered and developed significant volumes of tight gas and oil Experienced in start ups…
FORWARD STRATEGY Four core oil projects DJ Basin, Wyoming, Niobrara Shale, Farmed in Halliburton Confirm the concept, 2 appraisal wells fully carried Defender spuds August 13th Continue leasing within acreage block (4,000 acres…
PROJECT LOCATIONS ASX: SSN NYSE: SSN 9
NORTH STOCKYARD, WILLISTON BASIN EARL frac 6 by 640 acre Bakken complete RODNEY frac producers, 3 additional infill 1,300 BOPD complete 1,100 initial BOPD initial EVERETT to be fracced September Bakken objective ASX: SSN…
ROOSEVELT PROJECT INTRODUCTION Samson has enjoyed a significant level of success in the North Stockyard Oil Field in North Dakota. These results have demonstrated that the Bakken Formation represents perhaps the best opportunity in…
ROOSEVELT PROJECT STRATEGY From a strategic position Samson has sought a project where it could operate. This is important so that: ASX: SSN The appropriate technology's can be applied The pace of development can be controlled…
ROOSEVELT PROJECT BACKGROUND The Roosevelt opportunity was initially developed from the distressed debt purchase late last year when Samson bought leases at around 3 per acre. The evaluation of that purchase introduced Samson to…
ROOSEVELT PROJECT Deal Structure Phase 1 Samson is buying from FPEC, existing leases comprising 20,000 acres Samson is committing to drill two horizontal middle Bakken ASX: SSN wells to prove productivity FPEC has a one time…
ROOSEVELT PARTICPANTS FORT PECK TRIBES The Fort Peck Tribes consist of the Assiniboine and Sioux Tribes The reservation was established in 1871 FORT PECK ENERGY COMPANY (FPEC) FPEC was formed to develop the Tribes petroleum…
BAKKEN FORMATION Bakken Formation has been firmly established a hydrocarbon resource exceeding 3.5 billion barrels The Bakken in the central part of the Williston is a continuous oil accumulation It has been established as a…
BAKKEN PETROLEUM SYSTEM Modeled Vitrinite Reflectance ASX: SSN NYSE: SSN Jack Flannery & Jeff Kraus Search and Discovery Article 10105 (2006) 19
ROOSEVELT PROJECT, EVALUATION A regional Bakken data base was established which included; Subsurface depth maps Petrophysical log analysis (By Halliburtons Denver Tech Team) Porosity maps, Water saturation maps Isopach interval…
HAWK SPRINGS PROJECT D-J BASIN DJ Basin prolific at several Samsons stratigraphic levels 16,391 acres Including the Niobrara at the Silo Field Samsons acreage strategically located on a Silo Field ASX: SSN Chivington Field…
DJ BASIN ACTIVITY SSN 16,391 acres 62 square miles of 3D in 2010 First horizontal test June 2011 Samson acreage surrounded by CHK EOG 300,000 acres 3 rigs operating ASX: SSN 4 2010 wells IP between 700 and 110 BOPD 2 2011…
NIOBRARA ACTIVITY Company No Wells Avg IP (boe/d) EUR Estimate Samson - - 413,000 bbls Chesapeake 2 967 1,250,000 bbls SM Energy 1 1,075 Rex 3 340 200,000 to 350,000 bbls ASX: SSN PetroQuest 1 831 EOG 8 800 Slawson 2 650 22…
NIOBRARA ACTIVITY Well Name Well status Twn Rge Sec Company SSN Royalty Intrepid US 22 1-16H Drilled and Fracced 23 63 16 CHK YES Enterprise US 27 1-36H Drilled and Fracced 23 63 36 CHK YES Alhbrandt 23-63 4-1H Drilled and Fracced 23…
HAWK SPRINGS 3D SEISMIC Conventional processing and interpretation is complete Conventional targets have been mapped at three levels: ASX: SSN J Sand credible channel belt with several closed stratigraphic traps NYSE: SSN…
HAWK SPRINGS 3D SEISMIC Niobrara fracture identification processing complete Data quality is excellent and processing has ASX: SSN identified areas of intense fracturing Fracture orientation can be determined Niobrara B…
HAWK SPRINGS PROJECT DEFENDER US 34 (SSN 37.5%) Niobrara 4,500 ft Horizontal Fully carried by HAL Spuds this week ASX: SSN Multi stage (15) frac Location determined by 3D seismic NYSE: SSN Direction of horizontal to be…
HAWK SPRINGS PROJECT SPIRIT OF AMERICA US 33 (SSN 100%) Permian/Pennslyvannian vertical Spuds after Defender Multi target conventional ASX: SSN Pennsylvanian structural trap Permian stratigraphic trap NYSE: SSN Both…
HAWK SPRINGS PROJECT 3D SEISMIC OUTLINE SSN DEFENDER ASX: SSN OIL TERMINAL SSN CONSTELLATION NYSE: SSN SSN SPRIT OF AMERICA CHK WELLS 31
SUMMARY HAWKS SPRINGS NIOBRARA Partial sale for 74 million was a game changer Provides capital for development Visibility of valuation Strategic farm down ASX: SSN Partnership with the biggest service provider Carry of first…
Loading...
