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Samson Oil & Gas operational advisory

Wednesday, Nov 07, 2012

Samson Oil & Gas Limited (ASX: SSN)(NYSE MKT: SSN) provides an operational advisory.

Defender US33 #2-29H well, D-J Basin, Goshen County, Wyoming (SSN 37.5% WI)

The workover rig arrived November 4th on the Defender location and successfully repaired the pump. The well was put back on production at 4 p.m. Monday November 5th. In the first 16.5 hours of producing, the well made 98 BO and 32 BW. Weatherford will be installing a monitoring system on the well which will measure the fluids, the stresses, and the efficiency of the pump in order to fully understand how the reservoir responds to the pump.

Spirit of America US34 #2-29 well, D-J Basin, Goshen County, Wyoming (SSN 100% WI)

It is anticipated that the workover rig will arrive on the Spirit of America location within the next couple weeks to pull tubing and make a completion in the Permian Upper Hartville Formation.

South Prairie 3-D Project, Williston Basin, North Dakota (SSN 25% WI)

Acquisition of the South Prairie 3-D seismic survey, located on the eastern flank of the Williston Basin in North Dakota, was completed on November 4th. Seventy-seven square miles of 3-D seismic data will be processed over the next two months with the first volume scheduled to arrive in Samson’s office by the first week of December. The data will then be interpreted, prospects defined, and the partners in the project will decide on the best prospect to drill first. It is anticipated that the first well could be drilled as early as the end of the 1st quarter of 2013.

Gretel II 12KA3 well, Williston Basin, Roosevelt County, Montana (100% WI)

The toe end of the lateral portion of the Gretel well was plugged back to a depth of 14,002 feet in an attempt to see if the water production can be minimized from the faults that were encountered beyond this depth.

This should allow for an increase in oil production. 2 7/8 inch tubing is currently being run back in the well and the well should be back on production within the week.

Australia II 12KA6 well, Williston Basin, Roosevelt County, Montana (100% WI)

Following the successful repair of parted pumping rods on the Australia II well, the well was returned to production on October 28th making 132 BOPD and has produced for approximately 1 week at an average rate of 76 BOPD.

Source: Samson Oil & Gas Limited

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