The Directors of Samson Oil & Gas Limited (“Samson”) (ASX:SSN; NYSE MKT:
SSN) wish to announce that the plan submitted to the NYSE MKT with
respect regaining compliance with the NYSE MKT listing rules has been
accepted by the NYSE MKT.
Samson has until September 14, 2017 to regain compliance with the
applicable listing rules. During this period, Samson will remain subject
to quarterly reviews by the NYSE MKT with respect to the initiatives
outlined in the plan. Failure to make progress consistent with the plan
or to regain compliance with the continued listing standards by the end
of the extended plan period could result in Samson being delisted from
the NYSE MKT.
For and on behalf of the Board of
SAMSON OIL & GAS LIMITED
TERRY BARR
Managing Director
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”, “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 Samson’s
reports to the U.S. Securities and Exchange Commission, which are
available at www.sec.gov/edgar/searchedgar/webusers.htm.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160601007062/en/
Copyright Business Wire 2016
Source: Business Wire
(June 1, 2016 - 9:00 PM EDT)
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