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News: SSN Samson Oil & Gas Says Unit To Sell Foreman Butte Project For $40 Mln

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    27/06/18
    16:00
    Post #: 33986208

    June 27 (Reuters) - Samson Oil & Gas Ltd (SSN) :

    • UNIT ENTERED AGREEMENT WITH EAGLE ENERGY PARTNERS, I, FOR SALE OF FOREMAN BUTTE PROJECT FOR US$40 MILLION
    • TRANSACTION WILL ALLOW SAMSON TO RETIRE ALL OF ITS DEBT, MEET ALL OTHER LIABILITIES AND RETAIN A CASH BALANCE OF ABOUT $6.7 MLN
    • SAMSON WILL ALSO RETAIN A NON-OPERATED 15% WORKING INTEREST IN HOME RUN FIELD
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