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Samson Oil & Gas Operational Update

Source: www.gulfoilandgas.com 8/20/2012, Location: North America

Hawk Springs Project, Goshen County, Wyoming
Defender US33 #2-29H, (SSN 37.5% working interest)
Following the completion of the Defender well, a rod pump was run but this pump failed when a lump of ashphaltene obstructed the pump inlet. The pump has now been replaced and is operating satisfactorily, producing fluid at a rate of 165 barrels per day. As expected, the produced fluid is completion brine, of which over 1,000 barrels were injected into the formation during the clean out operation.

Spirit of America US34 #2-29, (SSN 100% WI)
The work-over rig has recovered a sufficient amount of the fish so that the Stage 2 and Stage 3 fracture stimulation jobs can now proceed. The well has been prepared with a bridge plug and packer such that Stage 2 can be pumped as soon as our pressure pump contractor is available, which is expected to be the week of September 3rd.

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