About Samson Oil & Gas 53,035 net acres (above the Bakken) in Williston Basin 98% HBP Conventional oil assets Foreman Butte Project with established production Growth potential from pump ASX: SSN optimization, fresh water…
Exerienced Board of Directors Peter Hill - Chairman Dr. Hill has over 40 years of experience in the international oil and natural gas industry. He commenced his career in 1972 and spent 22 years in senior positions at British…
Proven Management Team Terry Barr - CEO Petroleum geologist with over 30 year's experience, including 11 years with Santos. In recent years, specialized in tight gas exploration, drilling and completion and is considered an expert in…
A Conventional Transformation Today, Samson Oil & Gas is an operator of conventional oil and gas assets in the Williston Basin. Restored production, stable cash flow. Sold unconventional assets to pay down debt ASX: SSN and fund…
Reserves (June 30, 2017) Net Income Reserve Net Gas Net Oil MSTB Discounted Category MMCF 10% M, US ASX: SSN PDP 2,449 1,368 39,490 PDNP 143 240 1,412 NYSE: SSN PUD 2,239 1,795 28,913 PROB 1,070 1084 7,576 TOTAL 5,901…
Forward curves Forward curve has strengthened since June 30th. June 30th reserves accordingly understated compared to current pricing environment. July 31st reserve run completed to capture this ASX: SSN recent movement.…
Reserves (July 31, 2017) Net Income Reserve Net Oil Net Gas Discounted Category MSTB MMCF ASX: SSN 10% M, US PDP 3,162 1,711 42,475 PDNP 156 271 2,114 NYSE: SSN PUD 2,281 1,830 37,504 PROB 1,093 1107 12,129 TOTAL…
Challenges Oil price downturn created a significant asset impairment requiring restoration of shareholder equity to 6million to remain listed on the NYSE. A possible solution is to issue a Convertible Preferred ASX: SSN share.…
Challenges Existing borrowing base is fully drawn at 24 million with an October 2108 maturity. Conventional bank lending difficult, given the Companys equity position which causes our debt equity ratio to be ASX: SSN outside OCC…
Challenges Lack of liquidity has restricted capital expenditure, despite very robust economics in the current pricing environment. A non bank debt facility and convertible preferred share ASX: SSN issue would allow a capital…
Implications A new debt facility would remove the short term maturity, a key negative in the Companies share price performance. A convertible preferred share issue would meet an equity definition and therefore could establish the…
Field service innovation Assets are low volume producers with a significant and repetitive maintenance cost. Oil Service industry costs are rising. Equipment market is very competitively priced. ASX: SSN Equipment leasing costs…
Home Run Field PUD reserve substantial. Technical basis for reserve is compelling. Reservoir pressure, measured by a field wide fluid level study establishes areas of higher pressure indicating lower depletion areas. Recovered oil…
Home Run Field Risks to reserves estimate and mitigating factors: Pressure depletion Field measured. Comprehensive simulation. Low oil recovery to date (3.2%). ASX: SSN Expected production curve Developed using rigorous…
Home Run Field Porosity map with economic cutoff. Proposed PUD locations. ASX: SSN NYSE: SSN 17
Stratigraphic Section Fields include: W E Foreman Butte, Harding, Dore, Camp, Ratcliffe Target (Primary Foreman Butte Reservoir) 9370 9,500 Target and North Sioux Pass Ratcliffe Upper Mission Canyon Target 9470 9500 ASX: SSN…
Production Growth and Stabilization - Current Phase Pump optimization: Field wide fluid level study determined that the reservoirs were generally producing more fluids than that were being lifted. ASX: SSN Engineering design…
Production Growth and Stabilization - Current Phase Fresh water clean outs: Evans 1-10 re-entered. 4,000 bbls. fresh water circulated. ASX: SSN Some minor obstructions removed. Completions are all open hole, 5,000 laterals.…
Production Growth and Stabilization - Current Phase Cost effective PUDs Plan is to re-enter the Gonzales well and drill two short 5,000 foot laterals. Technique well proven, using a workover rig ASX: SSN and directional tools.…
Valuation Gap 6 5.01 5 0.26 4 0.27 3.53 Value per share ASX: SSN 3 1.46 2 NYSE: SSN 1 0.45 0 proven current assets payables debt NAV Share price reserve NAV based on Proven Reserve Value Assumptions: SSN share…
Investment Considerations 1. Samson successfully navigated the downturn in the global oil and gas business. 2. Pivot to conventional asset strategy complete. 3. Foreman Butte is a high-quality foundation asset ASX: SSN for…
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