SAMSON OIL AND GAS IPAA SANFRANCISCO, SEPTEMBER 2014
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 with a focus on oil production from the Bakken and Three Forks…
PROJECT LOCATIONS 2014 Strategy: Developing shale oil resources on the Companys Bakken (Williston Basin) acreage and realization of exploration upside on its Hawk Springs (D-j Basin) project. North Stockyard Project Rainbow Project…
BAKKEN BACKGROUND Williston Basin located in North and South Dakota and Montana. Extends into Canada. The Bakken Formation in the central part of the basin is a continuous oil accumulation. Accumulation results from: ASX: SSN…
BAKKEN BACKGROUND 1,200,000 250 1,000,000 200 800,000 ASX: SSN 150 600,000 oil production BOPD rig count 100 400,000 NYSE: SSN 50 200,000 - - Jan-07 May-08 Sep-09 Feb-11 Jun-12 Nov-13 As a result of this…
BAKKEN BACKGROUND 600 500 400 ASX: SSN 300 BOPD per Rig 200 NYSE: SSN 100 - Jan-07 May-08 Sep-09 Feb-11 Jun-12 Nov-13 Importantly the industry has developed the use of the technology and the amount…
INVESTMENT STRATEGY Drill out the existing Bakken portfolio North Stockyard 10 middle Bakken wells 8 Three Forks Bench One wells ASX: SSN 6 Three Forks Bench Two wells 8 Three Forks Bench Three wells NYSE: SSN Rainbow 8…
2014 IMPLEMENTATION Drill out the existing Bakken portfolio North Stockyard 8 middle Bakken wells drilled 6 fracked ASX: SSN 4 Three Forks Bench One drilled 2 Three Forks Bench One fracked 1 Three Forks Bench Two drilled…
2014 FINANCIAL IMPLEMENTATION 25 million debt facility Conventional reserves based facility 3.98% interest rate 3 year term 15.5 million base ASX: SSN 11 million drawn Risk mitigation Farm out Roosevelt project NYSE: SSN…
LIQUIDITY US000 ASX: SSN Cash 6.846 June quarter product sales 3.0 Additional debt 9.500 TOTAL 19.346 NYSE: SSN As at June 30th 2014 11
RESERVES JUNE 30th, 2014 PDP PDNP PUD PROVED NPV 10 NPV 10 NPV 10 NPV 10 MBOE million MBOE million MBOE million MBOE million Mar 14 668 29.53 160 5.40 645 12.80 1,805 47.72 ASX: SSN June 14 1,033 35.86 170 6.85 476 11.48 1,760…
NORTH STOCKYARD Located in central part of the Bakken accumulation in Williams County Development commenced in 2008 Initial program was 1 north-easterly orientated well per Section Infill program at 160 acres in the middle Bakken…
NORTH STOCKYARD TF1 IN-FILLS TF1 Development wells (8) ASX: SSN NYSE: SSN 19
NORTH STOCKYARD TF2 IN-FILLS TF2 Development wells (6) BOOTLEG x-14-115TFH ASX: SSN BOOTLEG x-14-115TFH BOOTLEG 8-14-115TFH NYSE: SSN 20
NORTH STOCKYARD TF3 IN-FILLS TF3 Development wells (8) ASX: SSN NYSE: SSN 21
NORTH STOCKYARD AND OFFSET TF ASX: SSN NORTH STOCKYARD NYSE: SSN OFFSET TF 22
OFFSET THREE FORKS PRODUCTION WELL LEVEL IP RATE BOPD 120 DAY RATE 120 CUM BOPD ASX: SSN WELL 1 TF1 2,205 583 49,578 WELL 2 TF1 2,457 582 51,160 WELL 3 TF1 3,482 721 49,760 NYSE: SSN WELL 4 TF2 2,525 567 48,804 WELL 5…
RAINBOW PROJECT, NORTH DAKOTA Located in the heart of the Williston Basin in SSN close proximity to the North Stockyard project Rainbow and surrounded by major players. WILLIAMS CO 52% working interest the western DSU 23% working…
HAWK SPRINGS PROJECT, WYOMING DENVER-JULESBURG BASIN (D-J BASIN) An oil play located in the D-J Basin in Goshen County, Wyoming, prospective for Permian conventional oil. 19,500 net acres in two contiguous areas. PERMIAN OBJETCIVE…
SUMMARY Diversified acreage position targeting both conventional and unconventional oil accumulations. Samson is poised to generate significant production and cash flow growth as it looks to progress a runway of 46 wells of which 10…