North Stockyard Project (Samson 50% operated working interest)
Samson Oil & Gas Limited advises that drilling operations continue on the Billabong 2-13-14HBK. The well has been drilled vertically to a kick off point at 10,804 feet (MD/TVD) and presently completed the curve at 11,950 feet (MD).
The Upper Bakken Shale formation was logged at 11,500 (MD). Gas levels rose sharply through the Upper Shale, increasing from a background of 200 units to over 900 units. Abundant oil staining was observed in samples
taken from the Upper Bakken Shale and the Upper Middle Bakken silty sandstone. Currently we are preparing to set 7 inch casing at 11,321 feet (TVD) in the top of the Middle Bakken in preparation to drill the 6,100 foot lateral in the Middle Bakken Formation.
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