SSN 0.00% 1.5¢ samson oil & gas limited

Ann: Operational Advisory, page-9

  1. 562 Posts.
    Now that the Bong is ready to go, do we get some more cash?

    The sale agreement calls for Samson to receive cash consideration of up to $5.562 million. Along with the undeveloped acreage, Samson will transfer a 25% interest in the drilled but not yet completed Billabong and Sail and Anchor wells. The cash portion of the purchase price is subject to the delivery of a useable wellbore in Billabong, valued by the agreement at $891,000, and other customary post-closing adjustments.
 
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