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What’s New: Bigger and Better in the Bakken, Poised to Drill the Niobrara

In two previous reports, we described Samson’s efforts to advance the development of its leasehold prospective for the Niobrara oil play in the northern Denver-Julesburg (DJ) Basin and the Bakken oil shale play in the Williston Basin, including “Getting Up to Speed” on December 29, 2010 and “Turning the Bit in the Right Direction” on August 6, 2010.

Since December 2010, Samson has completed key initiatives to improve its competitive position, increase visible growth opportunities and strengthen its balance sheet. Here’s what’s new:

  • Expanded its operated Bakken position in a deal with Fort Peck Energy Company LLC (FPEC) bringing total potential leasehold in the play to 93,840 gross acres (61,194 net acres). The deal includes an initial 20,000 gross acres, an option on another 20,000 gross acres and an Area of Mutual Interest covering 50,000 gross acres.


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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.