Samson O&G Increases Acreage in Hawk Springs Area

- Samson O&G Increases Acreage in Hawk Springs Area

Monday, August 29, 2011
Samson O&G Ltd.

Samson O&G has been awarded, on a conditional basis, approximately 956 net acres of leasehold offered by competitive tender from the University of Wyoming. This land is part of the University's agricultural research facility. Because the acreage is within Samson's propriety 3-D seismic coverage, Samson had a significant advantage by being knowledgeable about the rock qualities in the area. Samson has also been successful in acquiring additional acreage in the State of Wyoming's lease sales as well as leasing acreage from fee owners. Accordingly, Samson has now increased its holding to 17,489 net acres in the Hawk Springs area. This holding assumes that Samson's farminee exercises its full right to earn a 25% interest within the farmin area.

Defender US33 #2-29H, Goshen County, Wyoming, Samson 37.5% working interest (carried)

Samson further advises that the Defender US33 #2-29H well has reached the Niobrara core point at a depth of 6,937 feet and is currently cutting 120 feet of core from the Niobrara 'A' and 'B' intervals.

This vertical pilot hole will then be drilled to an approximate total depth of 7,450 feet, at which point the hole will be logged, with both the core data and the log data used to determine the final horizontal azimuth. The vertical pilot hole will be plugged back to a kick-off point above the Niobrara. From the kick-off point, the borehole angle will be built until it is horizontal and the bit is positioned within the Niobrara "B". Then 7-inch intermediate casing will be set through the curve and the lateral will thereafter be drilled for a distance of approximately 4,300 feet within the Niobrara "B". The well will be completed using a plug and perforation process in 15-stages that is expected to involve the placement of approximately 3,000,000 pounds of proppant into the Niobrara Formation. The Defender US33 #2-29H is the first Niobrara appraisal well in Samson's Hawk Springs project.

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Hawk Announces Sask. Farm-in Deal

Hawk Announces Sask. Farm-in Deal

Thursday, May 05, 2011
Hawk Exploration Ltd.

Hawk Exploration Ltd. (the "Corporation") along with its 50 percent operating partner have entered into a strategic farm-in agreement (the "Agreement") with a public oil and gas company (the "Farmor") in its core area of Seagram Lake in western Saskatchewan. The Agreement allows Hawk to earn an interest in up to twelve gross (6 - net) sections of land prospective for Duperow (Leduc equivalent) heavy oil immediately adjacent to Hawk's existing crown acreage in the area. With this Agreement, Hawk currently owns or has access to 24 (12 - net) sections of land at Seagram Lake.

Under the terms of the Agreement, Hawk plans to drill one (0.5 net) vertical test well on the farm-in lands prior to June 30, 2011 to evaluate the Duperow formation for potential horizontal development. Based on the results of the vertical test well and at the election of Hawk and its partner, a horizontal or dual-leg horizontal test well could be kicked off from the vertical test well. Hawk and its partner can earn two (1 -net) sections for drilling a vertical test well, four (2 - net) sections for a single leg horizontal test well and eleven (5.5 net) sections of land for a dual-leg horizontal test well in exchange for 7.5% non-convertible gross overriding royalty to the Farmor. All of the farm-in lands were acquired at crown land sales and are eligible for existing Saskatchewan crown royalty incentive programs.

The Corporation has also commenced drilling operations at its first dual-leg horizontal (0.5 - net) well at Seagram Lake adjacent to Hawk's existing producing Duperow well.

Hawk is an emerging exploration company engaged in the exploration, development and production of conventional crude oil and natural gas in western Canada and is based in Calgary, Alberta.

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