Drilling Commenced at Samson's ND Well

Samson O&G updated drilling activities at Earl #1-13H and Gary #1-24H wells.

Earl #1- 13H (32% working interest)

Samson O&G advised that the Nabors 688 rig spudded the Earl #1-13H well at 16:00 hours MDT on September 28th. The Earl #1-13H well is located in Township 154N, Range 99W, Section 13 in Williams County, North Dakota. The well will test the prolific middle member of the Mississippian Bakken Formation in the Williston Basin using the same design that was successfully implemented on the Gary #1-24H well. This will be Samson's fifth Bakken well in the North Stockyard Field. The Earl #1-13H well will be drilled as a 5,500ft. horizontal well with an anticipated total measured depth of 17,000 feet. Based on the previous wells drilled by the operator, the Earl #1-13H is expected to take approximately 17 days to drill.

Gary #1-24H (37% working interest)

The 20-stage frac job on the Gary #1-24H well has been successfully completed. A total of 2.1 million pounds of proppant was pumped. The isolation plugs that were set between each of the individual frac stages have all been drilled out and production tubing is being run in the hole. During the course of drilling out the plugs, the maximum daily rate, averaged over a 6 hour period, was 2,463 barrels per day. Over this same period, the average gas rate of 1.9 MMCFPD was measured. This equates to 2,780 BOEPD. Based on our experience with other Bakken wells, these rates will fluctuate over the next few weeks and then decline. Over the last 24 hours the well produced 1,636 BOEPD. The Gary #1-24H well is located in Township 154N, Range 99W, Section 24 in Williams County, North Dakota.

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