Samson O&G Preps for Drilling Near Gene's Success
Samson O&G advised that it expects to be drilling the Gary #1-24H well in mid to late May 2010.
Gary #1-24H (37% working interest)
Following the recent success of the Gene #1-22H, where that well flowed at an average rate of 2,406 BOPD and 3,180 MSCFD for a combined rate of 2,936 BOEPD in the eight-hour period following the completion of the clean out operation, Samson advises that it has a 37% working interest in the nearby Gary #1-24H well. The Gary #1-24H is located in the section immediately to the west of the Leonard #1-23H and two sections to the west of the Gene #1-22H well.
These wells are located in Williams County, North Dakota, in Township 154 N Range 99 W.
The Gary #1-24H is expected to spud in around mid to late May; the precise timing is dependent on the progress that is made on the prior well. The engineering design of the Gary well follows that deployed in the Gene well. The Gary well is currently classified as a Proved Undeveloped location by the Company's independent reserve engineers.
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