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Samson Oil & Gas Updates Ops In Bakken

The first well to be drilled in the South Prairie Project, the Matson #3-1 well located in Ward County, N.D., is anticipated to spud on schedule.

The company commences production from high impact Montney discovery, adds 59,000 net acres of land.

The company is not establishing a data room, nor has the board of directors struck an independent committee.

Lone Pine estimates each section may contain 5 to 11 million barrels of original oil in place.

"The steel billet will be used to make steel bars for the Asean and domestic markets," she said after the group's AGM.

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