Sunday, December 25, 2016

The temporal order of the fracture stimulation is Gregorian calendar month first.

Samson Oil & Gas Drilling and Completion consultatory
Monday, Oct 10, 2011

Samson Oil & Gas restricted (ASX: SSN) (NYSE AMEX: SSN) advises that Spirit of America US34 #1-29H well is at a depth of seven,287 feet and also the current operation is running into hole having replaced the mud motor and drilling bit. The drilling operations were subject to some minor mechanical issues early during this section, that are corrected and also the drilling operation is progressing obviously. the highest of the Niobrara Formation has been intersected as prognosed. the primary target within the period for this well is anticipated at around nine,000 feet that is predicted to be intersected late the week of Oct tenth.

The Spirit of America well are critical the multiple standard targets known within the North river 3D seismal information. These targets incorporates a period age stratigraphic entice and a Pennsylvanian age structural entice. This well are a vertical well trained to associate degree anticipated total depth of eleven,000 feet at that purpose it'll be logged to assess the rock quality and organic compound saturation.

Defender US33 #2-29H, Goshen County, Wyoming, Samson 37.5% operating interest (carried)

The Defender well preparation for the fracture stimulation is complete, with a four ½ in. tie back string having been landed within the high of the four ½ in. production liner.

An initial DFIT (diagnostic fracture injection test) are conducted Mon Oct eleventh. This routine check conducts associate degree initial breakdown of the primary frac stage and observation of the pressure decay with time permits rock property info to be gathered to help in fine standardisation the stimulation style.

The temporal order of the fracture stimulation is Gregorian calendar month first.

Samson’s common shares square measure listed on the Australian Securities Exchange beneath the image "SSN". Samson's yankee repository Shares (ADSs) square measure listed on the big apple exchange AMEX beneath the image "SSN". every ADS represents twenty totally paid common shares of Samson. Samson contains a total of one,996 million common shares issued and outstanding (including 246 million choices exercisable at AUD one.5 cents), which might be the equivalent of ninety nine.8 million ADSs. consequently, supported the stock exchange AMEX damage of US$2.16 per ADS on Oct seventh, 2011 the corporate contains a current capitalisation of roughly US$212.64 million. Correspondingly, supported the ASX damage of A$0.115 on Oct seventh, 2011, the corporate contains a current capitalisation of A$225.41 million. the choices are valued at their damage of A$0.098 on Oct seventh, 2011 and translated to US$ at the present exchange of zero.9787 for functions of inclusion within the US$ capitalisation calculation.

Source: Business Wire

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