Samson Oil & Gas Advises on North Dakota Bakken Well

Samson Oil & Gas advised that the Gene #1-22H as at 0600 hours CST Thursday, February 4th was laying down drill pipe, and has completed the drilling of the 8 and ¾ inch hole to a measured depth of 11,547 feet, true vertical depth (TVD) of 11,226 feet. At this depth the well bore is horizontal as planned, and within the middle Bakken target zone. Characteristic oil and gas shows have been recorded entering the zone and within the target confirming the location of the drill bit and stratigraphy.

The forward operation is to run and cement 7 inch casing and then begin drilling the production interval horizontally to a measured depth (MD) of 17,060 feet (TVD 11,239 feet) where a casing liner, equipped with external casing packers, will be run such that the middle Bakken Formation can be fracture stimulated sequentially along the full extent of the 5,500 foot horizontal section.