Iran stands 3rd in world oil.

Crude oil reserves in the Iran are expected to rise to more than 150 billion barrels by the end of the Iranian year, the country’s oil minister said Monday. Iranian Oil Minister Masoud Mir Kazemi said Iran wasn’t a poor country in terms of oil and natural gas deposits.

Samson Oil & Gas Limited advises that the Earl #1-13H well in Williams County, North Dakota, recorded strong oil and gas shows when it landed in the middle member of the Mississippian Bakken Formation, at a total vertical depth of 11,310 feet, on October 11th. Casing will now be run into the hole and cemented.

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