SAMSON OVERVIEW Key Information Exchange / Ticker Dual Listed ASX and the NYSE MKT (SSN) Debt(1) Zero Shares Outstanding (1) 99.3 Million (6) ASX: SSN Average Daily Trading Volume(2) 0.80 Million shares Average Daily Trading…
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 of first well (Defender). Revise frac…
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, surrounded by major players. Samson is the operator with an average 60 % working interest and 46%…
WILLIAMS COUNTY SSN North Stockyard MONTANA COUNTY DUNN MCKENZIE COUNTY Continental Resources QEP Statoil Zavanna Kodiak Hess Whiting
NORTH STOCKYARD, WILLISTON BASIN FIELD DEVELOPMENT Bakken and Three Forks objectives 6,000 ft. Horizontal development. IP rates up to 3,000 BOEPD. Rates have shown dramatic improvement as the Bakken technology developed. SSN…
NORTH STOCKYARD PDP RESERVES 31 DECEMBER 2012* Well Gross EUR Net EUR Net NPV 10 Bakken Pool 1.4 MMSTB 0.3 MMSTB 11.6 million ASX: SSN Mission 122MSTB 32 MSTB 0.96 million Canyon Pool Total 1.5 MMSTB 0.34 MMSTB 12.5 million…
NORTH STOCKYARD PROVED RESERVES 31 DECEMBER 2012 Net EUR NPV 10 PDP 0.34 MMSTB 12.5 million ASX: SSN PUD 0.34 MMSTB 4.1 million Total Proved 0.64 MMSTB 15.7 million NYSE: SSN Includes only 2 of the 14 in-fill wells…
NORTH STOCKYARD PROBABLE RESERVES 1 DECEMBER 2012 Net EUR NPV 10 PRB Northern Tier 3.4 MMSTB 42.4 million ASX: SSN (BK/TF1) PRB Both Tiers 6.1 MMSTB 49.8 million (TF2/TF3) Total PRB 9.5 MMSTB 92.2 million NYSE: SSN…
NORTH STOCKYARD INFILL METRICS Bakken/Three Forks Infills Gross Well Cost 8.1 million Net Well Cost 4.9 million ASX: SSN Gross EUR 440 MBOE NPV 10 2.0 million* (net to SSN) Expected PDP per well 6.9 million* (net to SSN)…
NORTH STOCKYARD PRODUCING MIDDLE BAKKEN WELLS EARL 1-13H EVERETT 1-15H RODNEY 1-14H ASX: SSN LEONARD 1-23H GARY 1-24H NYSE: SSN GENE 1-22H 640 acre spacing 16
NORTH STOCKYARD FIELD DEVELOPMENT NORTHERN TIER BAKKEN INFILL WELLS ASX: SSN NYSE: SSN PDP Wells Bakken Infill Wells 160 acre spacing 17
NORTH STOCKYARD FIELD DEVELOPMENT NORTHERN TIER THREE FORKS INFILL WELLS ASX: SSN NYSE: SSN PDP Wells Three Forks Infill Wells 160 acre spacing 18
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 Samsons existing 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 Continental Resources Custer Federal 1-7H…
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, Wyoming, prospective for Permian conventional oil and Niobrara unconventional oil Samson is the operator with an average 40% working interest Samson owns 19,000 net…
HAWK SPRINGS PROJECT Drilled Defender, a horizontal Niobrara test Funded by Halliburton. Successfully drilled and multi-stage frac. ASX: SSN IP at 288 BOPD in February 2012. Sustained production rate at around 50 BOPD.…
HAWK SPRINGS PROJECT Next steps NIOBRARA Continue evaluation of the Defender reservoir performance ASX: SSN Frac design can be improved PERMIAN Capitalize on positive results of SOA II. NYSE: SSN Analysis of SOA leads to…
SPIRIT OF AMERICA US34 2-29 WELL CARTOON DEPICTION OF SEISMIC SECTION A - A SHOWING 9500 SAND JUXTAPOSED AGAINST 9300 SAND A A SOA 2 SOA 2 ASX: SSN shale Tight rock anhydrite 9300 Sand 9300 Sand Tight rock 9350 Sand…
BLUFF FEDERAL PROSPECT A A A 135 acre closure ASX: SSN SALT NYSE: SSN SALT A 4-way Dip Structural Closure at top of Permian Hartville Fm. X-Section A A displaying structural closure 30
AMERICAN EAGLE PROSPECT B 470 acre anomaly B B ASX: SSN SALT B 9500 Sand NYSE: SSN pinchout Amplitude anomaly showing porous & thick 9500 sandstone of the Permian Hartville Fm. X-Section B B displaying 9500…
HAWK SPRINGS PERMIAN SOA 11 established excellent reservoir quality but water saturated. 3D seismic explains trap failure due to an intersecting fault. 20, 3D amplitude anomalies validated by SOA 11 results ASX: SSN…
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%…
FORFAR PROSPECT 1st Prospect to be drilled off the new South Prairie 3-D seismic survey Glenburn reservoir of the Mission Canyon Formation 420 acre 4-way dip structural closure Structure has 20-30 feet of relief Structure created by…
FORFAR PROSPECT Initial South Prairie 3-D mapping of the Mission Canyon Fm. Glenburn S. Field +2.5 MMBO to date ASX: SSN Prairie Salt Dissolution Edge FORFAR PROSPECT Interior Salt Collapse axis NYSE: SSN Formed…
VALUATION METHODOLOGY US Equity analysts use a number of metrics Including: Enterprise value () per flowing barrel CK Cooper data from their coverage universe suggest: 211,307 per flowing barrel Enercoms Bakken player list OAS,…
Equity Raises and Value Equity Raises and Share Price Response - Kodiak Oil & Gas 12.00 4,000 3,500 9.96 10.00 9.50 9.36 3,000 8.85 ASX: SSN 8.21 8.00 2,500 Enterprise Value (Millions) Enterprise Value 6.60…
KOG CASE STUDY Equity market pre-valued their production expansion, along with speculative take over possibilities. ASX: SSN Valuation peaked at 700,000 per flowing barrel . Currently at around 230,000 per flowing NYSE:…
SSN ANALOGY PRODUCTION METRIC 240,000 PER FLOWING BARREL Production Rate EV ASX: SSN YE 2012 (Actual) 219 BOEPD 41 million YE 2013 (Expected) 1,200 BOEPD 226 million YE 2014 (Expected) 1,600 BOEPD 301 million NYSE: SSN…
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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