Skyrocketer, I can't see any reason for the buyer to default given they coughed up a cool $64M a few weeks ago. We are talking about a further $11M in payments to follow so I do not believe the buyer will back down on this payment.
The news may have something in relation to this comment made in the closure of transaction announcement on August 30.
Samson also continues to work on resolving title defects identified by the buyer relating to the remaining 1,056 acres subjects to the purchase agreement, but it is uncertain at this time as to how many of those defects can be cured prior to the second closing.
It could be that among other things, Samson have conjured up a bit more cash from the buyer in relation to this extra acreage?
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