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Good Oil Conference – Samson Oil & Gas Limited

Samson Oil & Gas Limited · Sep 1, 2015 · 31 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Good Oil Conference – Samson Oil & Gas Limited – slide 1
    GOOD OIL CONFERENCE FREMANTLE, SEPTEMBER 2015
  2. Good Oil Conference – Samson Oil & Gas Limited – slide 2
    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…
  3. Good Oil Conference – Samson Oil & Gas Limited – slide 3
    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 Evaluate conventional targets…
  4. Good Oil Conference – Samson Oil & Gas Limited – slide 4
    ASX: SSN NYSE: SSN CANE CREEK ANTICLINE, UTAH 5
  5. Good Oil Conference – Samson Oil & Gas Limited – slide 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 onshore EUR…
  6. Good Oil Conference – Samson Oil & Gas Limited – slide 6
    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…
  7. Good Oil Conference – Samson Oil & Gas Limited – slide 7
    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…
  8. Good Oil Conference – Samson Oil & Gas Limited – slide 8
    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…
  9. Good Oil Conference – Samson Oil & Gas Limited – slide 9
    CANE CREEK REGIONAL STRUCTURE Samson 3D outline ASX: SSN Samson leases NYSE: SSN 10
  10. Good Oil Conference – Samson Oil & Gas Limited – slide 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
  11. Good Oil Conference – Samson Oil & Gas Limited – slide 11
    ASX: SSN NYSE: SSN SAMSON OPTION AREA SAMSON LEASES APPROX. 8,080 GROSS ACRES 12
  12. Good Oil Conference – Samson Oil & Gas Limited – slide 12
    DRILLING DESIGN AVOIDS POTASH MINE SOLUTION VOLUME ASX: SSN Solution volume NYSE: SSN Potash 9 13
  13. Good Oil Conference – Samson Oil & Gas Limited – slide 13
    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 14
  14. Good Oil Conference – Samson Oil & Gas Limited – slide 14
    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 15
  15. Good Oil Conference – Samson Oil & Gas Limited – slide 15
    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…
  16. Good Oil Conference – Samson Oil & Gas Limited – slide 16
    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 17
  17. Good Oil Conference – Samson Oil & Gas Limited – slide 17
    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 18
  18. Good Oil Conference – Samson Oil & Gas Limited – slide 18
    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% 19
  19. Good Oil Conference – Samson Oil & Gas Limited – slide 19
    PROPOSED 3D SEISMIC PROGRAM Estimated cost to acquire the program ranges from 100K - 130K per square mile (3.7M). ASX: SSN NYSE: SSN 20
  20. Good Oil Conference – Samson Oil & Gas Limited – slide 20
    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…
  21. Good Oil Conference – Samson Oil & Gas Limited – slide 21
    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…
  22. Good Oil Conference – Samson Oil & Gas Limited – slide 22
    BLUFF PROJECT Located in the northern DJ basin Conventional Permian aged play Supported by 3D seismic and two exploratory wells. The Bluff nitrogen gas cap was produced for approximately 120 days and flowed 1.2 BCF of gas at rates…
  23. Good Oil Conference – Samson Oil & Gas Limited – slide 23
    BLUFF PROJECT Two up hole zones were identified as worthy of testing. The Dakota/Lakota has a high oil saturation in three separate reservoir sections. ASX: SSN Pay count is 52 feet. The Niobrara B Dakota has a high oil…
  24. Good Oil Conference – Samson Oil & Gas Limited – slide 24
    Dakota-Canyon Springs Petrophysical Log (Rw = 0.2 195F) Dakota Sw= 30-50% a = 0.62 m = 2.15 skipped section Sundance ASX: SSN Upper Canyon Springs Radioactive Limestone- Source NYSE: SSN Lower Canyon Springs…
  25. Good Oil Conference – Samson Oil & Gas Limited – slide 25
    Niobrara B Petrophysical Log (Rw = 0.2 195F) Top of Niobrara Niobrara B Oil Sw= 40% saturation ASX: SSN NYSE: SSN Codell Sand 26
  26. Good Oil Conference – Samson Oil & Gas Limited – slide 26
    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…
  27. Good Oil Conference – Samson Oil & Gas Limited – slide 27
    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…
  28. Good Oil Conference – Samson Oil & Gas Limited – slide 28
    LIQUIDITY 6 ASX: SSN 5 4 MILLIONS 3 NYSE: SSN 2 1 0 CASH MARCH QTR SALES HEDGES UNDRAWN DEBT TOTAL 29
  29. Good Oil Conference – Samson Oil & Gas Limited – slide 29
    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…
  30. Good Oil Conference – Samson Oil & Gas Limited – slide 30
    PRODUCTION ESTIMATE 3500 3000 ASX: SSN 2500 2000 BOPD 1500 NYSE: SSN 1000 500 0 31
  31. Good Oil Conference – Samson Oil & Gas Limited – slide 31
    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…

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