Samson Oil & Gas reports that on the 24th of August at 0600 hours, the Davis Bintliff #1 well was at a measured depth (MD) of 14,495 feet and drilling ahead in 6 ½ inch hole towards the final (secondary) target.

The primary sandstone target was intersected at 14,338’ MD. From the mudlog, the sandstone is approximately 70 feet thick and returned excellent gas shows over the entire 70 foot interval. This is suggestive that the entire sandstone may be productive from top to base. A 15 foot stringer sand at 14,260’ also returned excellent gas shows. Electric logs will be the final determination of the productivity of these reservoirs and will be run after the secondary target has been penetrated.

The Davis Bintliff #1 well is located in Brazoria County, in Texas’ onshore Gulf Coast producing region. 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 the Davis Bintliff #1. The proposed well has an estimated contingent recoverable volume of 25 Bcfe, in which Samson has a 12.5% working interest.

Tags: Samson Oil & Gas Limited