Samson Oil Stepping Up Its Game In The Bakken
Recently, there has been mixed messages about the shale play boom and its life span. Its been pretty promising thus far, and some companies are still on board with ideas to amp up production in these shale formations. Samson Oil & Gas is one of those companies who are getting ready to further invest themselves in the Bakken. Steve Zachritz has compiled all the important details, take a look.
" Initial Two Well East Montana Program Beginning ASAP, On The Heels of Two Goshen Niobrara Tests
SSN will drill its first Niobrara test, the Defender, a 100% HAL carried well, on or about July 19th. This will be followed by a second well, Spirit of America, then SSN will ship the rig to Montana while studying the data from these two wells and picking the next location for another Goshen Wyoming spud.SSN then plans to fund and drill two short lateral wells as part of a drilling obligation on the first tranche of East Montana acreage. HAL will design, drilling and completing the wells. Guesstimate, (now confirmed by management) on total completed well costs for the two wells is $12 mm ($6 mm each). The first well, the Australia II, should spud September 1 on the south east corner of the yellow blob (closer to some of the bigger wells in this part of the play). A second well, the Gretel II, will be located on the western edge of the prospect area near the river and will follow immediately on the heels of the first well."Find the additional research here: http://turnkeyoil.com/2011/06/30/samson-oil-stepping-up-its-game-in-the-bakken/