COMPANY SUMMARY Key Statistics Market Capitalization(1) 226 MM Debt(2) Zero Shares Outstanding (6) 87.51 MM (99.9 MM diluted) Average Daily Trading Volume(3) 1.14 million shares NYSE: SSN ASX: SSN Average Daily Trading…
MANAGEMENT TEAM Years Terry Barr Petroleum Geologist. 35 Chief Executive Officer Cooper Basin Exploration Manager for Santos. Discovered and developed significant volumes of tight gas and oil. NYSE: SSN ASX: SSN…
PROJECT LOCATIONS North Stockyard Project Williston Roosevelt Project Basin Greater Green River Basin NYSE: SSN ASX: SSN D-J Basin Hawk Springs Project Western State GC Oil Field Permian Basin Gulf Coast Basin…
CORE PROJECTS: EARLY MOVER INTO OIL PLAYS Exploration Strategy Generates Highest Upside and Returns Drilled first Halliburton JV well; under evaluation Niobrara Oil Shale 18,000 net acres Hawk Springs Project 50 net unrisked…
ACREAGE SUMMARY & RESOURCE POTENTIAL Resource Net Net EUR (2) Net to Type Acres Wells (BOE) SSN (MMBOE) Niobrara Operated 18,000 56 300,000 17 Permian/Pennsylvanian Operated 10,000 250 200,000 50 NYSE: SSN ASX: SSN Subtotal…
NORTH STOCKYARD FIELD NORTH DAKOTA BAKKEN
STRATEGIC RATIONALE, NTH. STOCKYARD FIELD Primary production and cash flow engine North Stockyard Field Lower risk infill drilling NYSE: SSN ASX: SSN Upside from Three Forks Activity 4 infill wells in 2012 2 infill…
STRATEGIC RATIONALE, ROOSEVELT PROJECT Increase operatorship in premier oil play Control costs Roosevelt Project Control pace NYSE: SSN ASX: SSN Partnership with Tribal Company funded by Quantum 1 billion potential Low…
ROOSEVELT PROJECT, DRILLING PROGRAM Australia II Well completed frac date set for February 14th Cored Bakken/Three Forks. Initial evaluation of Bakken core . Oil saturated and permeable Drilled and cased with 5,000 foot lateral in…
ROOSEVELT PROJECT, DRILLING PROGRAM Gretel II Vertical pilot hole completed 120 foot core taken in the Bakken Three Forks Kick off established NYSE: SSN ASX: SSN Completion due mid February Fracture Stimulation…
BAKKEN PETROLEUM SYSTEM Modeled Vitrinite Reflectance Nesson Anticline North Stockyard Parshall-Sanish Roosevelt Project 0.9 NYSE: SSN ASX: SSN 0.8 0.7 LEGEND Samson Acreage 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 NYSE: SSN ASX: SSN acquisition of a total gross of 53,000 acres. and Samson election, on a…
FORT PECK COMMUNITY RELATIONS Samson regular visitor to Tribal Executive Board meetings. Has held a d, current and future operations plans on the reservation, and to create an open forum for questions and NYSE: SSN ASX: SSN…
HAWK SPRINGS PROJECT DJ BASIN (WYOMING) NIOBRARA
STRATEGIC RATIONALE, HAWK SPRINGS PROJECT Emerging oil play Low entry costs Hawk Springs Project Opportunity to apply NYSE: SSN ASX: SSN modern technology and techniques Conventional upside Activity DEFENDER US 34…
HAWK SPRINGS PROJECT D-J BASIN DJ Basin prolific at several stratigraphic levels Including the Niobrara at the Silo Field NYSE: SSN ASX: SSN 18,000 acres strategically located on a resistivity anomaly Bounded by two…
DEFENDER WELL Defender drilled a pilot hole and cored the Niobrara Then drilled a 4,500 foot lateral in the Niobrara Placed 3 million pounds of proppant in a 15 stage plug and perf lateral Initial pump installed was either damaged or…
DEFENDER WELL DIAGRAM Reservoir pressure calculated at 3,030 psi. Post frac well bore fluid was 20,000 ppm NaCl, which provides 60 psi overbalance. Initial pump failed. NYSE: SSN ASX: SSN Once a new pump installed it…
DJ BASIN ACTIVITY Samson OG SSN 2011: 6 Wells permitted, 2 wells drilled SSN DVN 16,391 acres 63 square miles of 3D in 2010 RKI: Permitted 4, Drilled 2 First horizontal test August 2011 Samson acreage surrounded by CHK CHK:…
FINANCIAL OVERVIEW
PROJECT TIMELINE Drilling Program to Appraise, Evaluate and Grow Oil Prospects Y Y Y Y Y Hawk Springs Niobrara Evaluate Defender Well NYSE: SSN ASX: SSN Roosevelt Project Bakken Drill and Evaluate Appraisal Wells North…
CAPITAL PLAN-2012 CALENDAR YEAR 28.0 MM Drilling Budget Targeted to High-Impact Oil Projects Allocated to Oil Projects Focused on Drilling Acreage NYSE: SSN ASX: SSN Montana and North Bakken Seismic, Stockyard, (Roosevelt…
CAPITAL STRUCTURE ALIGNED WITH STRATEGY Zero Debt Debt Adverse Strong Liquidity with 42 MM cash at December 31, 2011 NYSE: SSN ASX: SSN 32
NET ASSET VALUE No Value Given to Exploration Success = Catalysts for Upside Gap to Liquidation 2.50 0.43 2.35 Value 2.00 0.83 NYSE: SSN ASX: SSN 1.86 Per Diluted Share 1.50 0.17 1.00 0.27 0.61 0.04 0.50…
UPSIDE CASE Resource NPV NAV per share (1) Potential (Net) Hawk Springs 16.8 MBbl 300 million 3.34 Niobrara Hawks Springs 50.0 MBbl 1,000 million 10.50 NYSE: SSN ASX: SSN Permian Roosevelt Bakken 32.8MBbl 487 million 6.56…
WHY SAMSON We Find Oil Growing oil production through the drillbit Four major oil projects with stream of upcoming catalysts NYSE: SSN ASX: SSN As operator on 75% of projects, we control development pace Experienced team for…
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