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) 1.5 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 Montana Bakken 35,000net acres (most likely plus market risk case) 97 net drilling locations Roosevelt Project Completed - Australia…
NYSE: SSN ASX: SSN Sale Gas Asset 7
OIL PROPORTION INCREASING ASX: SSN NYSE: SSN 8
ACREAGE SUMMARY 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 Bakken…
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 Two initial appraisal wells established significant knowledge of the area Roosevelt Project Partnership with Tribal ASX: SSN Company funded by Quantum continues to reap administrative…
LEASEHOLD Samson and FPEC agree to acreage equalization. Both parties exercised their respective options. Samson now with 30,000 acres, FPEC 15,000. ASX: SSN Beneficial partnership confirmed for next appraisal phase. Whiting…
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…
ROOSEVELT PROJECT, DRILLING PROGRAM Australia II Well has produced an average oil rate of 37 BOPD. Cumulative oil production to date is 4,301 barrels. Reservoir quality poor because the well is located to the east of the dolomitic…
ROOSEVELT PROJECT, DRILLING PROGRAM Mapping the results Gretel II Establishes the Brockton fault as a limit Likely this fault (up-thrown to the west) is the trapping element Australia II Lacks reservoir quality ASX: SSN…
MIDDLE BAKKEN STRUCTURE MAP Samson Oil and Gas Gretel II Samson Oil and Gas Australia II Samson Oil and Gas Prairie Falcon (permitted) Continental Resources Abercrombie 1-10H Continental Resources Continental…
GRETEL II WELL TO ABERCROMBIE WELL CROSS-SECTION NW SE Samson Oil and Gas Brockton Fault Zone Continental Resources Gretel II Abercrombie 1-10H Lodgepole Middle Bakken Nisku
HAWK SPRINGS PROJECT DJ BASIN (WYOMING) PERMO-PENN
STRATEGIC RATIONALE, HAWK SPRINGS PROJECT Vertical conventional Permo-Penn Drilled well to TD of 10,634 ft. Completed a comprehensive Hawk Springs Project geophysical logging suite 1 out of a 3 stage fracture program has ASX:…
NEW PROJECT ASX: SSN NYSE: SSN WILLISTON BASIN, NORTH DAKOTA 23
NEW PROJECT In response to decline in oil price a new opportunity was sought that represented a lower capital cost environment. Samson has acquired a 25% position in a gross 23,700 acre position. Cost is 266 per acre. Located in the…
NEW PROJECT Completed wells expected at 1.1 million gross. Potential for 100 development wells Potential contingent recoverable 200,000 bbls oil per well ASX: SSN 9 leads identified in the Mississippian Mission Canyon…
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 Allocated to Oil Projects Focused on Drilling Land ASX: SSN North Stockyard, 3.0 5.0 , 17% Permian Montana (Hawk NYSE: SSN…
WHY SAMSON Transformational period underway Lower oil price environment is challenging as a result Samson has acquired new project that is low risk and inexpensive. Niobrara still under evaluation phase. Permian in the northern DJ…
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