SAMSON OVERVIEW Samson Oil & Gas Limited is a dual national Australian/American oil and gas company holding extensive development and exploration acreage in the USA. KEY INFORMATION ASX NYSE MKT Exchange / Ticker Dual Listed SSN…
2015 STRATEGY Produce existing drilled and completed inventory of North Stockyard and Rainbow wells. Flow the Bluff well to determine whether an oil leg exists to the nitrogen accumulation. ASX: SSN Complete the commercial…
ASX: SSN NYSE: SSN CANE CREEK ANTICLINE, UTAH 5
PARADOX BASIN SUMMARY The Paradox Basin is located in southeastern Utah and southwestern Colorado. Predominately a Pennsylvanian evaporitic basin. Host to oil production since 1924, a competitor drilled arguably the best EUR well in…
PARADOX BASIN PROJECT SUMMARY Samson has acquired a two year option over 8,080 acres. Option is subject to agreeing a mutual mineral development agreement (MMDA) with the ASX: SSN potash miner. The potash leases predated the…
PARADOX BASIN PROJECT Productivity of the area proven. Recoveries are variable and range between 300,000 and in excess of a 1 million barrels ASX: SSN per well. Variance is due to porosity development, NYSE: SSN structural…
PARADOX BASIN PROJECT Well economics are robust. Assuming 50 per bbl realized oil price and a well cost of 5.6 million. ASX: SSN Larger EUR well has a NPV10 of 30 million and an IRR of 296% NYSE: SSN Type curve EUR has a…
CANE CREEK REGIONAL STRUCTURE Samson 3D outline ASX: SSN Samson leases NYSE: SSN 10
POROSITY CANE CREEK B Cane Creek Porosity Edge Samson 7.7% average Acreage ASX: SSN porosity 11.7% high and 4.3% low NYSE: SSN 11
TYPE LOG FOR THE PARADOX INTERVAL Prospective intervals Top of Salt Clastic 4 ASX: SSN Potash 5 Potash 9 Clastic 10 NYSE: SSN Clastic 18 Clastic 19 Clastic 21 Leadville 15
CANE CREEK REGIONAL PRODUCTION BARTLETT FLAT FLD HELL ROARING FLD LONG CANYON FLD BIG FLAT FLD KANE CREEK FLD ASX: SSN LION MESA FLD SHAFER CANYOUN FLD NYSE: SSN HATCH POINT FLD LISBON FLD 16
CANE CREEK UNIT CUM OIL TO DATE 15,589 BO 286,378 BO 653,522 BO 466,776 BO 517,245 BO 443,333 BO 374,931 BO 13,125 BO ASX: SSN 32,555 BO 1,125,463 BO 802,967 BO NYSE: SSN 401,942 BO 388,629 BO 92,934 BO…
LONG CANYON 1 LONG CANYON 1 Discovery Well Completed 08/30/1962 Production to date: 1,125,463 BO 1.12 BCF 571,991 BW ASX: SSN NYSE: SSN 18
CCU 12-1 Cane Creek Unit 12-1 Completed 09/10/2012 Drilled 2,600 foot lateral Production to date: 815,570 BO 34 MCF 52,170 BW ASX: SSN NYSE: SSN 19
SAMPLE OF OFFSET WELLS WELL EUR NPV 10 IRR 12-1 1.251 32.178 297% ASX: SSN 26-2 0.313 0.201 11.9% 28-2 0.088 -VE -VE NYSE: SSN TYPE WELL 0.418 6.131 82% 20
PROPOSED 3D SEISMIC PROGRAM Estimated cost to acquire the program ranges from 100K - 130K per square mile (3.7M). ASX: SSN NYSE: SSN 21
CCU 12-1 Capital cost 5.6 million EUR 1.25 MMBOE NRI 80% IRR 296% Payout 4 months NPV10 50 Oil 32 million ASX: SSN 60,000 50,000 NYSE: SSN 40,000 30,000 CCU 12-1 Threshold 20,000 10,000 - 105 118 131 144…
TYPE CURVE ECONOMICS Capital cost 5.6 million EUR (BOE) 418,000 MBOE (Type curve well) % Oil 90 % NRI 80% IRR 92% Payout 2.1 years ASX: SSN NPV10 50 Oil 6.1 million 60,000 NYSE: SSN 50,000 40,000 30,000 CCU 12-1…
BLUFF PROJECT Located in the northern DJ basin Conventional Permian aged play Supported by 3D seismic and two exploratory wells. One dry hole and Bluff which flowed 8-13 MMCFGPD of ASX: SSN mostly nitrogen. 3D data set…
BLUFF 1-11X ATTRIBUTES Oil fields often have gas caps. Because of the lower density, gas always sits at the crest of a trap. Bluff deliberately drilled at the crest. ASX: SSN Critical question to be determined is whether…
BLUFF 3D SEISMIC DEFINES GAS CAP A Bluff 1-11 A WHY PERMO-PENN RESERVOIRS ARE Hartville 9500 Sand (green) ABNORMALLY Top of Basement ASX: SSN Basement thrust faults A NYSE: SSN BLUFF 1-11 2-11 GAS…
3D ATTRIBUTES AND SIMULATOR Vp/Vs Inversion Density Inversion Outline Outline OGIP1.53 BCF & OOIP 3.86 MMSTB =18.1% (main area west of fault) Sw=20%, OWC =-3525ft Sg=80% Low- Well perfs at - Perm/Faulted 3253 ft TVDss Area…
BLUFF 3D SIMULATOR Task is to build a numerical simulator that consists in this case of 300,000 cells, and follows the 3D seismic determined outlines. Each cell is given a discrete set of rock and fluid ASX: SSN properties. The…
BLUFF 3D SIMULATOR JULY MODEL Well Test Comparison (July GWAQ2 - Adjust Perm and Compressibility of Aquifer Cells) 10 1 ASX: SSN Dy/q or Derivative Dy/q Nov 2014 Test Dy/q July 2015 Test 0.1 Derivative Nov 2014 Test…
GAS-WATER CONTACT 435 FROM WELL 435ft Change in Sw showing GWC ASX: SSN movement during blowdown and forecasts GWC has moved up by about 125 feet. Original GWC NYSE: SSN 30
GAS-WATER CONTACT TO BE 370 FROM WELL BY AUG 30 370ft Change in Sw showing ASX: SSN GWC movement during blowdown and forecasts Original GWC NYSE: SSN GWC will have moved up by about 190 feet. 31
BLUFF CONCLUSIONS PTA suggested a fluid boundary 600 feet from the well bore. 3D simulator confirmed this conclusion. 3D seismic attributes coincide with G/W ASX: SSN contact from PTA and simulator. Rock quality is excellent as…
2014/15 RESERVES PDP PDNP PUD PROVED NPV 10 NPV 10 NPV 10 NPV 10 MBOE MBOE MBOE MBOE million million million million Mar 14 685 25.78 139 4.48 631 8.92 1,455 39.19 ASX: SSN June 14 1,032 33.27 170 6.48 552 9.95 1,753 49.70…
LIQUIDITY US000 Cash 2.000 June quarter product sales 3.300 Hedges at market 0.500 ASX: SSN Undrawn debt 0.300 TOTAL 6.100 NYSE: SSN Facility Rate 3.75% + LIBOR Term 3 years Base 19 million Drawn 18.7 million As at…
LIQUIDITY 6 ASX: SSN 5 4 MILLIONS 3 NYSE: SSN 2 1 0 CASH MARCH QTR SALES HEDGES UNDRAWN DEBT TOTAL 35
PRODUCTION ESTIMATE Forward estimate is based on: Base case assumes no further drilling in North Stockyard and produces existing well inventory. ASX: SSN Paradox is farmed down to a 25% working interest and comes on stream in…
SUMMARY Primary infill development completed in North Stockyard. Focus is on two projects that respond well to a 50 per bbl price point. Conventional acreage in the DJ attractive because of lower development cost, key risk elements…
Loading...
