Samson Oil & Gas Limited SSN - Huge Oil Well Results in Bakken Shale

Shares of Samson Oil & Gas Limited (SSN) are indicated up atleast 10% in pre market ( $0.71 ) this morning after the company released news of a positive oil well overnight. Check out my Samson Oil & Gas article I wrote Friday morning - Click Here

Samson Oil & Gas Reports 2,936 BOEPD from Gene 1-22H

Samson Oil & Gas Limited (SSN) provides operational advice on the Gene 1-22H well located in Williams County, North Dakota.

Gene #1-22H (30.6% working interest)

The initial flow back results which emerged from the Gene #1-22H pointed to a sand plug having developed within the well bore. This conclusion came from the observation that the Easter Sunday rate of 1,112 BOEPD rate from the toe end of the well was not surpassed when the balance of the frac job had been completed.

In the eight hour period following the completion of the clean out operation the well flowed at an average rate of 2,406 BOPD and 3,180 MSCFD for a combined rate of 2,936 BOEPD. The current operation is running a tubing string after which the well will be placed into production.

Full Article Here

Samson Oil & Gas is also very active in the Niobrara Shale play located in Wyoming.



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