Introduction

The properties consist of 65,060 gross acres (51,035 net acres) -100% HBP across Bowman, Divide, McKenzie & Williams Cos., ND and Dawson, Richland, Roosevelt & Sheridan Cos., MT. There are total of 111-Operated wells including 5-SWDs, 57 Non-Operated wells & 11-wells with ORRI. Average operated ownership interest is 87.5% WI & 70.5% NRI. Average non-operated ownership is 14.6% WI & 12.5% NRI. 

Significant horizontal potential exists on the properties through 12 behind-pipe recompletion candidatess & 35-viable Madison Group PUD locations. Fresh-water cleanouts provide opportunities to enhance/increase production. An anticipated 560 BOPD can be added through $720,000 of immediate workovers available. Currently, Samson is seeing a 300% IRR for PUD locations with a low cost $375,000 laterals. There is 6,774 MBOE in Total Net Proved reserves with additional Probable reserves through 10-Nesson locations available.