Gulf Oil and Gas accountACCOUNT

Samson Provides Operational Update

Source: www.gulfoilandgas.com 10/8/2013, Location: North America

NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA

Tooheys 2-15-14HBK well (SSN WI 27.7%)
Following the cementing of the 7 inch casing string, the lateral portion of the Tooheys 2-15-14HBK well was drilled to a depth of 18,435 feet. The lateral drilled thus far was maintained wholly within the target zone in the middle Bakken Formation. Currently the well is being prepared to run the production liner.

Billabong 2-13-14HBK well (SSN WI 24.86%)
Key Energy Services Rig 370 has continued workover operations on the Billabong 2-13-14HBK well. The rig has successfully removed several joints of the cemented drill pipe from the wellbore and will continue to use the current method of a wash-over assembly to remove the remaining drill pipe.

Sail and Anchor 1-13-14HBK well (SSN WI 25.03%)
The Sail and Anchor well came on production September 16th following the initial post frac flowback. To ensure the hydraulic fracture proppant pack remains in place as per the design, the well was flowed choked back on a 24/64ths choke. Initial production averaged 637 bopd with cumulative oil production to the end of September of 7,013 bbls (11 days of production).

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