Samson O&G Begins Surface Work for Ripsaw #1

Samson Oil & Gas advised that a right of way agreement has been executed with the landowner holding the adjacent property to the surface location for the Ripsaw #1 well. This supplements the surface agreement previously reached with the landowner of the well site. The right of way agreement which allows the road construction to proceed took longer to settle than expected and consequently delayed the spud of the well from the previously advised end of February.

Having secured the right of way, Samson has also achieved a surface access agreement to one of the two natural gas pipelines that exist adjacent to the Ripsaw location. Thus it will be possible to produce any gas that may be found in Ripsaw without having to negotiate surface access to this pipeline.

As previously advised, Samson executed a turn-key contract for the drilling of the Ripsaw well, and having now commenced earth moving operations for the access road and well site, the Ripsaw well is firmly scheduled in the drilling contractors work flow. Samson expects the well to spud between March 18th and March 25th.