Samson Oil & Gas spuds Sabretooth prospect
  by: OilOnline
  Wednesday, June 25, 2008

Samson Oil & Gas Limited advises that the Sabretooth #1 well spudded on the evening of June 21, 2008 and was drilling ahead at approximately 1,400 feet as of the morning of June 24.

The Sabretooth #1 well is located in Brazoria County, Texas, in the onshore Gulf Coast Basin. The prospect was delineated by a comprehensive 3D seismic grid, which resulted in a significant off-setting gas/condensate discovery with 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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