Samson 100% Working Interest
The Stage Coach East Project consists of one lease over 1,200 acres to the southeast of the Stage Coach Draw Gas Field in the Green River Basin in Wyoming. The Stage Coach Draw Field has produced 23 BCF of gas and 316,000 barrels of condensate from the Almond Formation. The acreage acquired is adjacent to the Stratos Federal #1 well. Because that well was partially funded by the U.S. Department of Energy, there is considerable data available concerning the well. The Stratos Federal #1 was drilled to test deeper formations but intersected 20 feet of gas shows, good permeability and excellent porosity was measured by wire line logs in the Almond Formation. Recent mapping of this project area has determined both the trapping mechanism of the field and the prospect area and has determined that the prospect has the ability to deliver a recoverable contingent reserve of 58 Bcf.
The proposed drill location on the acquired acreage is only 500 meters east of the Stratos Federal #1 and is scheduled to be drilled in 2007.
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