Samson Oil and Gas Limited announced that the Gonzales 1-8H well achieved a measured total depth of 11,736 feet and lateral length of 2,062 feet. Samson has temporarily halted drilling operations and the drilling rig is currently being demobilized. The well will then be prepared for production. The well site has an existing pump jack installed, which simplifies the completion operation. The lateral length of the well is 2,062 feet compared to the planned lateral length of around 4,110 feet. The reason for the curtailment are several, including numerous shut downs with the rig due to a series of breakdowns including those over the weekend of June 1st and 2nd which required a 36 hour cessation of activity. The issues included repairs to the draw works which coincided with the drill pipe being stuck in the hole at total depth, which has since been recovered. The Gonzales well is the first in an 8 wellbore program in 2019. Samson has some 26 Proved Undeveloped locations available. As the first well in the developmental drilling program, The company will observe the Gonzales well performance and then make a decision as to whether to complete the drilling to the planned total depth with a different drilling rig. The company will also be conducting a thorough review of the equipment and drilling processes used, so that appropriate adjustments can be made to future wells. Separately, The company has reclassified the Banks 1-18 well from Probable to Proven, in accordance with Petroleum Resource Management System (PRMS) guidelines, making it available to be considered as a candidate for the present drilling program under the underwriting guidelines of credit facility. The Banks 1-18H was originally drilled as a dual lateral with completions in both the Ratcliffe and Nesson formations. The Nesson, as the deeper formation, was drilled first and 120 barrels of oil were produced during the drilling process. Unfortunely, the Nesson lateral was lost due to mechanical issues. The well has since produced only from the more shallow Ratcilffe formation. The company plan to use the existing vertical wellbore to initiate the new lateral section in the Nesson Formation with a planned length of approximetly 4,500 feet. In previous reserve evaluation the Nesson formation at this location was considered Probable. This classification was due to factors related to timing of potential development being beyond 5 years and access to capital for development. The company has resolved these issues with refinianing and access to capital. The company's current development plan includes this location in the near term and therefore for the company is able to reclassify this location as Proved.