Upon completion, Samson will be able to retire all of its debt, meet liabilities and retain $6.7 million
Samson Oil and Gas USA, Inc. a subsidiary of Samson Oil and Gas Limited (ASX:SSN and OTCQB:SSNYY), has entered into a Sales agreement with EDF Trading for Samson’s Foreman Butte Project located in the Williston Basin in North Dakota and Montana, effective January 1, 2018.

The sales agreement is for a cash consideration of $40 million with a $1 million deposit that is fully refundable if Samson shareholders do not approve of the transacti...

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