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Samson Oil & Gas Limited Message Board

  • goldiehawn9 goldiehawn9 Mar 29, 2011 7:03 PM Flag

    Frac NEWS

    SAMSON OIL & GAS ADVISES ON RODNEY #1-14H
    Denver 1700 hours March 29
    th
    , Perth 0700 hours March 30
    th
    2011.
    Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) provides a progress report on the
    Rodney #1-14 well. (Samson 26.3% working interest) Since the Company’s last report, the 16
    th
    and final stage of the stimulation was pumped, for a total of 1.7 million pounds of proppant placed
    in the well.
    Flow back operations commenced on March 23
    rd
    This flow back is being undertaken with 15 .
    individual frac plugs in place, these are required to facilitate the fraccing operations. The flow back
    is being controlled by design to ensure the proppant remains in place. The rate is therefore
    restricted down hole and is not representative of an initial production rate, which can only be
    determined after the frac plugs have been drilled out. This operation (planned as part of the
    completion) will be undertaken by the work over rig that is presently scheduled to be on site next
    week.
    Even though the flow rate may not be representative, the restricted flow back results are
    nevertheless very encouraging, with a maximum oil rate of 1320 BOPD being recorded. During the
    flow back operations, the water rate has reduced from an initial rate of 2800 BWPD to 470 BWPD.
    This decreased water rate is commensurate with an initial water cut of 86% reducing to a water cut
    of 48%. It is expected that the water cut will continue to reduce to around 25%. Gas rates have
    varied between 1.38 mmcfpd to 0.9 mmcfpd
    Oil sales commenced immediately and the gas sales line was connected after 4 days of flaring, so
    both products are already being marketed and generating cash flow.

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