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1.5¢ samson oil & gas limited

Wasn't it a $25 million credit facility?...

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buc

7,870 Posts.

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16/09/14

09:17

Post #: 13979483
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Originally posted by miningnut ↑

The most interesting item from the Annual Report is the drilling of the York #3-9 at the South Prairie scheduled for this month where they have a 25% working interest.
They have so far drawn down $11mil of the available $15.5mil debt facility.
Can't see them avoiding another equity issue next month as the cash crunch hits them for no production for six weeks.

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Wasn't it a $25 million credit facility?

http://www.*.com.au/companies/news/...-north-dakota-oil-and-gas-drilling-52249.html

SSN Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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