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Samson Oil & Gas Provides Operational Update

Source: www.gulfoilandgas.com 4/30/2013, Location: North America

Samson Oil & Gas provides operational update on North Stockyard (Samson operated North Tier)

During the course of last week, Frontier Rig 24 successfully set and cemented the 9-5/8 inch surface casing at 2,342 feet on the Sail and Anchor 4-13-14H BK location. The rig was then skidded to Blackdog 3-13-14H TF location and the 9-5/8 inch surface casing was set and cemented at 2,374 feet. Prior to setting casing the top section of this hole was logged to evaluate the penetrated section to determine if there is a viable aquifer to source frac water, and for long term production needs (as a diluent for produced water).

Having set surface casing on all four wells on this pad, two wells targeting the middle Bakken (BK suffix designation) and two wells targeting the first bench of the Three Forks (TF suffix designation) are planned. Frontier Rig 24 is currently skidding back to the Sail and Anchor 4-13-14H BK surface location to drill the remaining lateral portion of the well.

Sail and Anchor is the first of the infill wells with the Middle Bakken as the target zone. The forward plan is to drill an 8 ĺ inch hole to around 11,700 feet and set and cement 7 inch casing a few feet into the Middle Bakken at around a 87 degree inclination, from which the 6,300 foot horizontal production hole will be drilled. Samsonís working interest is 57%.

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