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 terms of this agreement have…
PARADOX BASIN PROJECT SUMMARY Three objective levels. Cane Creek 21, producing 2,000 BOEPD in adjacent leases. Cane Creek 4, which was proven productive in the ASX: SSN initial wells in the region (1924). Leadville Formation,…
TYPE LOG FOR THE PARADOX INTERVAL Clastic 4, conventional Prospective intervals target Top of Salt Clastic 4 ASX: SSN Potash 5 Potash 9 Clastic 10 NYSE: SSN Clastic 18 Clastic 19 Leadville, conventional Clastic…
PARADOX BASIN CANE CREEK 21 Productivity of this interval proven with 2,000 BOEPD producing in the immediately adjacent area. Recoveries are variable and range between 300,000 and in excess of a 1 million barrels per well in the Cane…
CANE CREEK REGIONAL STRUCTURE Samson 3D outline ASX: SSN Samson leases NYSE: SSN 11
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 12
PARADOX BASIN CANE CREEK 4 Productivity of this interval proven with a vintage well producing at rates of. Discoveries are conventional with a structural control. Samson has mapped a 1,200 acre closure. ASX: SSN Potential to…
PARADOX BASIN CANE CREEK 4 ASX: SSN NYSE: SSN 14
PARADOX BASIN LEADVILLE FORMATION Productivity of this interval proven with the Lisbon Field producing 51 MMSTB on trend and to the south east of the acreage block. Discoveries are conventional with a structural control. ASX:…
PARADOX BASIN PROJECT Cane Creek 21 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…
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 21
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 23
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 24
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% 25
PROPOSED 3D SEISMIC PROGRAM Estimated cost to acquire the program ranges from 100K - 130K per square mile (3.7M). ASX: SSN NYSE: SSN 26
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 - 183 209 105 118…
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…
JUNE 2015 RESERVES Samson completed two reserve reports for its June 2015 because of a modest technical disagreement, with the primary provider. Samsons wells are located in the deepest part of the basin ASX: SSN and have, 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 32
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 the Paradox Basin project that responds well to a 50 per bbl price point. MMDA approaching conclusion. Three objective levels in that play. Arguably able…
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