Samson 100% Working Interest
Existing seismic data has been acquired in the Browns Ranch area to determine the precise position of the fault that controls the up-dip termination of a trap at the Frontier and Muddy levels. Given the cost of drilling to these levels, it is currently envisaged that the most cost effective way to investigate the Greens Canyon, Firehole Canyon and Browns Ranch prospects is to drill the Browns Ranch area, since this represents the shallowest position of these prospective sections. Reprocessing of this data is yet to be completed, which will be followed by mapping.
The Browns Ranch Project consists of 1,900 acres on trend with the 175 Bcf South Baxter Field in the Green River Basin, Wyoming. The feasibility of this project was enhanced by the drilling of SBU#22 on adjacent acreage, not owned by the Company, two miles to the northeast ,which had initial production of 5mmcfpd. The SBU #22 well has produced 1.9 Bcf over the last 46 months and has been successfully offset by two other wells. A well drilled by Davis Oil in the 1970’s confirmed the presence in Samson’s prospect area of a similar quality sand as found in the SBU #22 well. 10 potential locations exist on the acreage with potential for an estimated 17 bcf of gas net to Samson.
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