Grand & San Juan Counties, UtahPennsylvanian Paradox Formation, Paradox Basin Samson 100% Working Interest
Samson can exercise its option to lease 8,080 net acres with SITLA (Utah School and Institutional Trust Lands Administration) at a cost of $75 per acre before November 31, 2017. This acreage is located in the heart of the Cane Creek Clastic Play of the Paradox Formation along the Cane Creek anticline in Grand and San Juan Counties, Utah. The primary drilling objective is the over-pressured and oil saturated Cane Creek Clastic interval. Recent reprocessing of the original Potash 3-D seismic survey has improved the image of the subsurface. New prospects have been mapped and can potentially be drilled in the coming year.