Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises that it has
filed its Quarterly Report for the period ended June 30, 2015 and
Appendix 5B. The report is now available on the Company’s website:
EBITDAX for the quarter ended June 30, 2015 was $3.030 million
Average production for the quarter ended June 30, 2015 was 1,083
barrels of oil equivalent per day compared to 655 BOEPD for the
quarter ended June 30, 2014.
Production for the quarter ended June 30, 2015 was 65% higher at
97,520 BOE compared to 58,966 BOE for the quarter ended June 30, 2014.
Samson’s Ordinary Shares are traded on the Australian Securities
Exchange under the symbol "SSN". Samson's American Depository Shares
(ADSs) are traded on the New York Stock Exchange MKT under the symbol
"SSN". Each ADS represents 200 fully paid Ordinary Shares of Samson.
Samson has a total of 2,837 million ordinary shares issued and
outstanding (including 230 million options exercisable at AUD 3.8
cents), which would be the equivalent of 14.185 million ADSs.
Accordingly, based on the NYSE MKT closing price of US$0.69 per ADS on
July 29th, 2015, the Company has a current market
capitalization of approximately US$9.9 million (the options have been
valued at an exchange rate of 0.7321). Correspondingly, based on the ASX
closing price of A$0.005 for ordinary shares and a closing price of
A$0.001 for the 2017 options, on July 29th, 2015, the Company
has a current market capitalization of approximately A$14.415 million.
For and on behalf of the board of
SAMSON OIL & GAS LIMITED
Statements made in this press release that are not historical facts may
be forward looking statements, including but not limited to statements
using words like “may”, “believe”, “expect”, “project”, “anticipate”,
“should” or “will.” Actual results may differ materially from those
projected in any forward-looking statement. There are a number of
important factors that could cause actual results to differ materially
from those anticipated or estimated by any forward looking information,
including uncertainties inherent in estimating the methods, timing and
results of exploration activities. A description of the risks and
uncertainties that are generally attendant to Samson and its industry,
as well as other factors that could affect Samson’s financial results,
are included in the prospectus and prospectus supplement for its recent
Rights Offering as well as the Company's report to the U.S. Securities
and Exchange Commission on Form 10-K, which are available at www.sec.gov/edgar/searchedgar/webusers.htm.
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Copyright Business Wire 2015
Source: Business Wire
(July 29, 2015 - 8:30 PM EDT)
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