Greens Canyon (Samson 100% Working Interest)

Recent reprocessing of the Greens Canyon 3-D survey along with newly released information from Samson's competitors have provided a greater understanding of the Baxter Shale resource play. The reprocessed 3-D data indicates the Baxter Shale is fractured and located within the pressure transition zone. Samson's competitors have shown that fracturing and over-pressuring are key ingredients to making a success in the Baxter Shale. Samson is now ready to test this theory with a re-entry opportunity in one of its existing wellbores, the Greens Canyon 29-#2 well. The Greens Canyon 29-#2 well displayed very encouraging gas shows and good porosity within the Airport Sandstone member of the Baxter Shale. The re-entry in this vertical well would simply involve fracture-stimulating the Airport Sandstone to see if the well will produce at a high sustainable flow rate. If this proves to be a success, horizontal wells will be drilled throughout the Greens Canyon area to exploit the Baxter west of the Rock Springs uplift.