Samson Oil & Gas to spud Texas well the week of June 22
  by: OilOnline
  Friday, June 06, 2008

Samson Oil & Gas Limited has completed the necessary joint venture documentation associated with the drilling of the Sabretooth prospect.  In conjunction with this activity the Operator for the Sabretooth #1 well has contracted a drilling rig and has commenced civil works to prepare the drilling location such that this well is expected to spud during the week of June 22.

The prospect is located in Brazoria County, Texas, in the onshore Gulf Coast Basin. The prospect has been delineated by a comprehensive 3D seismic grid which resulted in a significant off-setting gas/condensate discovery which had an amplitude response identical to that observed at Sabretooth. The proposed well is a 14,000-foot test of the Vicksburg Formation and has an estimated contingent recoverable volume of 25 Bcfe. Samson has a 12.5% working interest in the well.

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