SAMSON OIL & GAS LIMITED JOINT VENTURES WITH DEVON IN THE BAXTER SHALESamson Oil & Gas LTD • April 30th, 2008 • Drilling oil & gas wells
Samson Oil & Gas Limited (“Samson”) has executed an Exploration Agreement with Devon Energy Production Company (“Devon”). The agreement covers Samson’s 6,400 acre holding in the western flank of the Vermillion Basin in Sweetwater County, Wyoming. This area contains a 3,500 foot section of Baxter Shale which was drilled in the 1970’s and recovered a significant flow of gas from an unstimulated Baxter Shale. Since that time there has been significant development of the Baxter Shale in the Vermillion region 40 miles east of Samson’s acreage, where our competitors have expended significant funds that have resulted in flows of up to 9 mmcfpd from the Baxter Shale.
