Samson Oil & Gas Limited (ticker: SSN) has sold its interest in the North Stockyard field for $15 million. The transaction closed on Friday after Samson received the balance of $13.95 million of the purchase price. In an announcement Samson said $11.5 million of the sales proceeds will be used to reduce the outstanding amount on its debt facility to $19 million. Samson
As previously reported, Samson Oil & Gas has executed a purchase and sale agreement with respect to its interest in the North Stockyard Field and received a $1 million deposit as part of the $15 million consideration. The buyer has advised Samson that it intends to close on October 28, 2016. This closing date will comply with the current
Samson Oil and Gas Limited presents at EnerCom’s The Oil & Gas Conference® During Samson’s breakout session, management was asked the following questions: Are you going to co-mingle the production on your vertical well with four laterals coming off? Is there positive momentum in the Bakken? Do you see the company moving forward from the Foreman Butte? Where do you
