COMPANY OVERVIEW Samson is an Australian oil and gas production company with all of its assets in the USA Focused on US liquids rich shale Dual listed on the ASX and the NYSE AMEX (SSN) Advancing its oil production profile from…
RESERVES OIL GAS BCFe NPV 10 (kbbls) (mcf) US PROVED 465.6 10,445 13.238 US 24,812 PROBABLE 4.9 494 0.523 US 1,443 TOTAL 2 P 470.5 10,939 13.762 US26,255 RYDER SCOTT ESTIMATE AS AT JUNE 2010 4
SAMSON OIL & GAS U.S. BASED MANAGEMENT Terry Barr, Chief Executive Officer Petroleum Geologist, career spanning 35 years Cooper p Basin Exploration p Manager g for Santos Discovered and developed significant volumes of tight gas…
CAPITAL STRUCTURE Equivalent issued ADS 83.4 million Listed warrants 16.3 million ADS price US2.72 Warrant price (ASX)* US2.10 p Market Capitalization US260.8 million Debt US10.3 million Cash US68.6 million Enterprise Value…
SHARE PRICE PERFORMANCE 2.70 1046% increase Jan 2010 to Jan 2011 2.20 S PRICE 1.70 ADS 1.20 0.70 0 20 0.20 4-Jan 23-Feb 14-Apr 3-Jun 23-Jul 11-Sep 31-Oct 20-Dec 7
FORWARD STRATEGY Emphasis on oil Bakken Shale, North Dakota, North Stockyard Field Complete development of existing acreage Two wells drilled waiting on frac 1 additional 5,000 well to complete 640 acre spacing 4 additional…
PROJECT LOCATIONS 9
NORTH STOCKYARD, WILLISTON BASIN Outermost Green Line is Bakken Oil Generation Window
NORTH STOCKYARD OIL FIELD Potential P t ti l for f 6, 6 EARL February Frac 640 acre Bakken RODNEY producers p February Frac Bakken objective Horizontal H i t l development Harstad Sophisticated fracs 1-15H Prolific p…
HAWK SPRINGS PROJECT D-J BASIN Samson , 14,000 acres Silo Field Chivington Field Hambert & Aristocrat Fields Boulder Field Key Samson/ Mtn. Energy Spindle Field AOI = Pierre Shale & Niobrara Fields = Fractured Sharon…
OIL ASSETS HAWK SPRINGS Bakken and Niobrara Both B h oilil productive d i ffrom verticali l wells ll ffor d decades d Both are thermally mature Both are bounded by shale seals Both are naturally fractured Both have modest…
COSKEY 2011 14
COSKEY 2011 15
NBL Samson 3D seismic HAWK SPRINGS SSN survey completed over their 14,000+ net acres NBL EOG Silvertip 534H Unconfirmed amount EOG of oil being produced STR 9 new wells permitted MRO SM Energy NBL Atlas 119H IP =…
HAWK SPRINGS INFRASTRUCTURE Oil receiving Railway terminal Gas pipeline
OIL ASSETS HAWK SPRINGS All the major US and international shale players are present EOG 400,000 acres Chesapeake 800,000 acres D Devon, acquiring i i seismic i i iin adjacent dj t acres SM Energy 25,000 acres Noble Energy…
OIL ASSETS HAWK SPRINGS The Niobrara how good is it Early days so a wide range of estimates Robert Coskey says: 10 to 20 million barrels generated per square mile Assuming a 5% recovery That is between 0.125 to 0.25 million per…
VALUATION METRICS 413,000 Bbls per well (curve from vintage Silo wells) 1 Well per 160 acres Recovery y is therefore 2,581 , bbls per p acre Net 14,000 SSN acres Net SSN contingent reserve 36.1 mmstb NPV 10 US18.9 US18 9 per…
GROWTH PROSPECTS Immediate oil p production g growth from the Bakken Expected rate of 2,000 BOPD, average past quarter was 220 BOEPD Net SSN 30% 6 total potential wells 3 currently producing 2 drilled waiting on frac crew 1 to…
SUMMARY Commodity prices drives focus into oil production Modest Bakken land position Affordable able to be developed 3 drilled,3 producers, 2 drilled waiting on frac 1 more 5,000 5 000 foot lateral to be drilled on 640 acre…
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