O&G Located at Earl #1-13H Well

Samson O&G advised that the Earl #1-13H well in Williams County, North Dakota, recorded strong oil and gas shows when it landed in the middle member of the Mississippian Bakken Formation, at a total vertical depth of 11,310 feet, on October 11th. Casing will now be run into the hole and cemented. The horizontal portion of the well will then be drilled for approximately another 5,500 feet within the middle member of the Bakken Formation. This horizontal production hole will be then cased and fracture stimulated.

The Earl #1-13H well is located in Township 154N, Range 99W, Section 13 in Williams County, North Dakota. The Earl #1-13H well is Samson's fifth Bakken well in the North Stockyard Field. Based on the previous wells drilled by the operator, the Earl #1-13H, which spudded on September 28, is expected to take approximately 17 days to drill.

Rodney #1-14H (27% working interest)

Samson has been advised that the fracture stimulation of the Rodney #1-14H is tentatively scheduled to begin on November 5th.

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

The Gary #1-24H has been on production without artificial lift since September 23rd and has averaged 955 bopd and 1,777 Mscfd of gas over a 17 day period. Cumulative production for this well is 16,300 barrels of oil which has shown an improvement over the Gene well which produced 11,700 barrels of oil in the same period.

HAWKS SPRINGS PROJECT - North Platte 3-D Seismic Survey, Goshen County, WY

Approximately 90% of the land within Samson's 66 square mile Hawk Springs project in Goshen County, Wyoming, has been permitted for its proprietary 3-D seismic survey. The source and receiver points will be surveyed shortly, such that acquisition can commence by the end of October. The 3-D seismic survey will help Samson identify zones of fracturing in the Niobrara Formation and detect potential conventional prospects in the Cretaceous Codell, Dakota, J, and Permian Lyons sandstones.