Samson O&G Reaches TD at Ripsaw Well

Samson Oil & Gas provided operational advice on two projects that are currently underway.

Ripsaw #1 (95% working interest)

Ripsaw #1 which is located 50 miles northwest of Houston in Grimes County, Texas, reached a total depth of 4,820 feet and was evaluated with a set of electric logs. The logs have indicated that the objective horizon was not gas saturated and accordingly the well is being abandoned.

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

Operations at the Gene #1-22H well located in Williams County, North Dakota are underway with the frac crew scheduled to be mobilizing and rigging up today in preparation for operations to commence Wednesday.

The Gene #1-22H was drilled as a 5,500 foot horizontal in the Middle Bakken Formation and was completed with a series of external casing packers such that a "plug and perf," 16 stage fracture stimulation can be undertaken.