Current SSN Stock Info

Samson Oil & Gas: debt reduction, higher borrowing base
Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has increased the company’s borrowing base to $20 million.

Samson expects the Bank to further increase its borrowing base in the first quarter of 2017 as part of a new syndicated loan involving another bank. The scope of the expanded debt facility will depend on the value of Samson’s Proved Reserves...

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