TOTAL COMPANY PRODUCTION
Samson net production for 2014 is as follows:
NORTH STOCKYARD PROJECT,
The infill development plan for North Stockyard is to drill 8 middle Bakken wells and 8 Three Forks wells. For ease of reference, the current status of each well is set out below with separate tables for each drill pad:
|TOFTE 1 PAD||Lateral length||Objective||Status||IP rate BOPD||Avg. Rate BOPD#||Cum to Date BO|
|Bakken||Work Over Completed||NA||NA||NA|
|Sail and Anchor 4-13-14HBK||6,375 ft.||Bakken||Flowing||1,323||255||46,762|
|TOFTE 2 PAD||Lateral length||Objective||Status||IP rate BOPD||Avg. Rate BOPD#||Cum to Date BO|
|Lateral length||Objective||Status||IP rate BOPD||Avg. Rate BOPD#||Cum to Date BO|
|4,215 ft.||Bakken||Shut in for offset frack||1117||281||14,679|
|4,215 ft.||Bakken||Waiting for workover||318||0||1,010|
|TF NORTH PAD||Lateral length||Objective||Status||IP rate BOPD||Avg. Rate BOPD#||Cum to Date BO|
|7,211 ft.||Three Forks||Drilling completed||NA||NA||NA|
|7,495 ft.||Three Forks||Drilling completed||NA||NA||NA|
|7,466 ft.||Three Forks||APD approved||NA||NA||NA|
|7,495 ft.||Three Forks||APD approved||NA||NA||NA|
|TF SOUTH PAD||Lateral length||Objective||Status||IP rate BOPD||Avg. Rate BOPD#||Cum to Date BO|
|6,867 ft.||Three Forks||Follows BL 7||NA||NA||NA|
|6,973 ft.||Three Forks||Currently Drilling||NA||NA||NA|
|7,434 ft.||Three Forks||APD in prep||NA||NA||NA|
|7,458 ft.||Three Forks||APD in prep||NA||NA||NA|
#The Avg. Daily rate is an average of the last week’s production
or the average after the well was put back into production.
|BO: Barrels of oil|
|BOE: Barrels of oil equivalent (gas converted at its heating value)|
|BOPD: Barrels of oil per day|
|MCF: Thousand cubic feet|
|BOEPD: Barrels of oil equivalent per day|
|NA: Not available|
|APD: Application for Permit to Drill|
|IP Rate: Gross first 24 hour oil rate|
|Current rate BOPD: Barrels of Oil per Day|
|Cum to Date: Cumulative gross BO|
Slawson has exercised its option to acquire 50% of Samson’s interest in the Billabong well following the successful conclusion to the drill pipe recovery workover.
Frontier Rig 24 has drilled to kick off point of 10,813 feet and is tripping out of the hole to pick up the curve drilling assembly on the Bootleg 7-14-15TFH well. The rig will then skid to Bootleg 6-14-15TFH well to drill the surface and intermediate holes.
The company’s net production for June will be included in next week’s advisory.
Samson’s working interest and its net revenue interest for the
|Well||Working interest||Net revenue Interest|
|Sail and Anchor 4-13-14HBK||25.028509%||19.146809%|
|Little Creature 3-15-14H||27.759719%||21.236185%|
* Wells have yet to be elected by Samson and therefore are subject to change.
Drilling operations have been completed in the Bluff 1-11 well. Preliminary planning for two cased hole tests has been completed and will be presented to the working interest owners for their consideration.
Continental Resources has proposed to drill the Gladys 1-20H, a 1,280 acre lateral (approximately 10,000 feet) in the middle Bakken. Samson has a 23% working interest in this well. This well will be the first in the Rainbow project which is expected to maintain Samson’s production growth following the completion of the North Stockyard infill program towards the end of 2014. Rainbow will currently support a drilling program of up to 14 wells, comprised of 8 wells in the middle Bakken and 6 in the Three Forks. Continental commenced spudding operations of the Gladys 1-20H with a spudder rig on
Samson’s Ordinary Shares are traded on the
Statements made in this press release that are not historical facts may be forward-looking statements, including but not limited to statements using words like “may”, “believe”, “expect”, “anticipate”, “should” or “will.” Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those anticipated or estimated by any forward-looking information, including uncertainties inherent in estimating the methods, timing and results of exploration activities. A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could affect Samson’s financial results, are included in the prospectus and prospectus supplement for its recent Rights Offering as well as the Company's report to the
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