Friday, July 10, 2026

Samson Oil & Gas Signs LoI to Divest Foreman Butte Project

From Hydrocarbons Technology Samson Oil & Gas has signed a letter of intent (LoI) to divest its Foreman Butte project in North Dakota and Montana, US, to a private equity-funded exploration and production company Firehawk Oil and Gas, in a deal valued at $41.5m. Once the transaction is closed, Samson expects to fully repay its current debt facility with Mutual