Plenty of discussion no doubt on the announcements but arguably the highlight for me is the certainty / confirmation of the Joint venture.
Thats ultimatelty with Quantum Energy Partners.
http://www.quantumep.com/
GLTAL R
Samson and FPEC respective joint venture position as originally envisaged such that Samson will own 66.7% and FPEC 33.3% of the project area.
The settlement is an important milestone for the project because it firmly establishes the partnership between Samson and the Assiniboine and Sioux Indian Nation, which has proven to be very beneficial. This partnership arises from FPEC, which is owned by North American Resource Partners (NARP) and the Assiniboine and Sioux Tribes. NARP is a portfolio company of Quantum Energy Partners, a private equity fund with substantial experience in energy transactions with Indian Nations.
SSN Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Held