For Investors Only

I remain surprised: oil is back up over $101. Who would have thought?

From Platts: Saudi supply fell to 9.53 mil b/d in March from 9.9 mil b/d in February, according to Gulf source.

**************************

Samson Oil & Gas provides weekly operations update: Co advises that the Rennerfelt #2-13H well has flowed at 825 BOPD. The flowback on the Rennerfelt #1-13H will start tomorrow.
COMMENTARY 

• The flow back of the Rennerfelt #2-13H well is in progress and the last measured oil rate of 825 barrels per day. 
• Production from Sail and Anchor has been re-established and the well is performing as expected. 
• The fracture simulation treatment of the Rennerfelt 1-13-H is completed and the well will be flowed back over the next few days. 
• Frontier 24 is drilling the Matilda Bay #2 well and is currently at 11,569 feet. This well is planned to be drilled to total depth of 16,127 feet and then the rig will skid back to the Matilda Bay #1 well to drill the lateral and run the production liner. 
• Production is lower for March due to the Earl, Sail and Anchor, and Little Creature wells being shut-in for off-set well fracture stimulation operations. 
• In addition, several of the vintage North Stockyard wells were shut in for operational reasons which are expected to be rectified in the near term.