Sidoti & Company Annual New York Micro Cap Conference January 2013
SAMSON OVERVIEW Key Information Exchange / Ticker Dual Listed ASX and the NYSE AMEX (SSN) Debt(2) Zero Shares Outstanding (6) 99.3 MM Average Daily Trading Volume(3) 0.66 Million shares ASX: SSN Average Daily Trading Value(3)…
MANAGEMENT TEAM Petroleum Geologist Terry Barr Cooper Basin Exploration Manager for Santos Chief Executive Officer Discovered and developed significant volumes of tight gas and oil 35 year of Industry experience Chartered…
PROJECT LOCATIONS South Prairie Project 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…
ACREAGE SUMMARY Objective Project Net Acres DJ Basin Permian Hawk Springs 19,000 ASX: SSN Williston Basin Bakken/Three Forks North Stockyard 1,200 Williston Basin Bakken/Three Forks Roosevelt Project 30,000 NYSE: SSN…
2013 PLAN NORTH STOCKYARD Initiate 6 well, 160 acre infill program* Potential for 14 Bakken and Three Forks wells HAWK SPRINGS PROJECT Niobrara ASX: SSN Monitor production performance Revise frac design Permian Farmout Bluff…
NORTH STOCKYARD FIELD NORTH DAKOTA BAKKEN/THREE FORKS
NORTH STOCKYARD FIELD OVERVIEW Located in the heart of the Williston Basin in Williams County, productive in the Bakken and Three Forks Samson is the operator with an average 64 % working interest and 49% net revenue interest Samson…
NORTH STOCKYARD, WILLISTON BASIN FIELD DEVELOPMENT Bakken and Three Forks objectives 5,000 ft. Horizontal development IP rates up to 2780 BOEPD Rates have shown dramatic improvement as the Bakken technology developed SSN equity…
NORTH STOCKYARD FIELD DEVELOPMENT PROGRAM ASX: SSN NYSE: SSN = Three Forks Well = Bakken Well 11
NORTH STOCKYARD PDP RESERVES 30 JUNE 2012 Well Gross EUR Net NPV 10 Bakken Pool 1.7 MMSTB 7.2 Million ASX: SSN Mission Canyon 0.2 MMSTB 0.2 million Pool Total 1.9 MMSTB 7.4 million NYSE: SSN 12
NORTH STOCKYARD RESERVES 1 DECEMBER 2012 Net EUR NPV 10 PDP 1.9 MMSTB 7.4 million ASX: SSN PUD Bakken Pool Northern 3.4 MMSTB 42.4 million Tier NYSE: SSN PROBABLE Three Forks Both Tiers 6.1 MMSTB 49.8 million 11.4…
NORTH STOCKYARD INFILL METRICS Well Cost 8 million EUR 316,000 to 464,000 barrels ASX: SSN NPV 10 2.6 million* NYSE: SSN 14
NORTH STOCKYARD, DEVELOPMENT JUSTIFICATION OFFSET COMPETITOR PRODUCTION EXAMPLES Infill Well Performance 90 day cumulative production averaging 94% of first well ASX: SSN NYSE: SSN 15
ASX: SSN KODIAK 160 ACRE SPACED BAKKEN AND THREE FORKS SAMSON OIL AND GAS NORTH STOCKYARD NYSE: SSN 16
NORTHSTOCKYARD TYPE LOG Upper Bakken Shale ASX: SSN Middle Bakken Lower Bakken Shale Three Forks 1st Bench Three Forks 2nd Bench NYSE: SSN Three Forks 3rd Bench Three Forks 4th Bench 17
ROOSEVELT PROJECT MONTANA BAKKEN
ROOSEVELT OVERVIEW Located in the Williston Basin in Roosevelt County, prospective for Bakken and Three Forks Samson is the operator with an average 66% working interest 30,000 net acres; 3% of acreage is HBP with the remainder…
2013 ROOSEVELT Observe CLRs Abercrombie production Samson has a 2.6% working interest Participate in the CLR Custer Fed 1-7 H ASX: SSN Samson has a 4.75% working interest These wells along with Gretel II and NYSE: SSN…
MIDDLE BAKKEN STRUCTURE Samson Australia II 4,301 two month cum oil Samson Oil and Gas Samson Prairie Falcon Gretel II (permitted) ASX: SSN A NYSE: SSN Continental Resources A Abercrombie 1-10H Continental Resources…
DRILLING SPACING UNITS CONTINENTAL SPACING UNIT = Samson Gretel II SAMSON ASX: SSN SPACING UNIT = Continental Resources Custer Federal 1-7H NYSE: SSN Continental Resources Abercrombie 1-10H 36,757 bo to…
HAWK SPRINGS PROJECT NORTHERN D-J BASIN, WYOMING
HAWK SPRINGS OVERVIEW Located in the D-J Basin in Goshen County, prospective for Permian conventional oil and Niobrara unconventional oil Samson is the operator with an average 40% working interest Samson owns 19,000 net acres; 2%of…
HAWK SPRINGS PROJECT Drilled Defender, a horizontal Niobrara test Funded by Halliburton Successfully drilled and multi-stage frac ASX: SSN IP at 188 BOPD in February 2012 Sustained production rate at around 50 BOPD Reservoir…
HAWK SPRINGS PROJECT Next steps NIOBRARA Continue evaluation of the Defender reservoir ASX: SSN performance Frac design can be improved PERMIAN NYSE: SSN Capitalize on positive results of SOA II Can map excellent…
SOUTH PRAIRIE PROJECT WILLISTON BASIN, NORTH DAKOTA
SOUTH PRAIRIE OVERVIEW Located in the Williston Basin in Renville and Ward Counties, outside Bakken maturity but prospective for Mission Canyon Stephens is the operator with an average 28% working interest Samson owns an average 25%…
SUMMARY Low risk concentrated development North Stockyard located in the heart of the Bakken accumulation. Infrastructure in place including salt water disposal, sealed roads. Initial 6 well program planned to commence first quarter…
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