Australia's largest stock trading and investment forum Australia's #1 stock forum

SSN

Click for more information

0.00%

1.5¢ samson oil & gas limited

Ann: Form 10Q 31 December 2018, page-4

First 4 Last

Share
Profile

Follow
ssailor

2,516 Posts.

75

11/03/19

16:51

Post #: 37723201
Share

Originally posted by dougfr ↑

The following small etract from what is a very sad December report pretty much says it all:

"Following the buyer’s failure to close on the acquisition of our Foreman Butte assets in October 2018, and unless we find a new buyer for those assets, we
have limited options remaining to satisfy the conditions of our credit facility except to attempt to refinance our existing debt. To the extent we are successful
in our efforts to refinance our debt, we may be forced to accept terms that are less favorable to us. Additionally, given our financial position, we may be forced
to accept conditions that will be difficult to satisfy, which would increase the risk of a subsequent default and foreclosure on our assets. We can provide no
assurances we will be successful in our refinancing efforts or that, if we are successful, we will be able to avoid defaulting on the financial conditions imposed
by the refinancing agreement."

Expand

Sigh news? ho hum, sigh meybe a little tears

SSN Price at posting: 1.5¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 1 more message in this thread...

First 4 Last

Add SSN (ASX) to my watchlist

SPONSORED BY