reports
Samson Oil and Gas Limited – Request for Trading Halt
DENVER & PERTH, Australia--(BUSINESS WIRE)-- The following is a letter issued by Denis Rakich, Director/Company Secretary of Samson Oil and Gas Limited (ASX: SSN; OTC: SSNYY): 12 April 2018 Mr Wade BaggottASX Compliance Pty LtdLevel 40, Central Park152-158 St Georges TerracePerth WA 6000 Via email - [email protected] Dear Mr Baggott Pursuant to Listing Rule 17.1 Samson Oil and Gas Limited (Company) requests an immediate trading halt to be granted in relation to the ...
Samson Oil & Gas Refinancing
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTC) has entered into an agreement with DynEvolve Capital which will see DynEvolve subscribe US$1 million in equity through the issue of 4,000,000 ADSs at US$0.25 or A$0.32 per ADS, represented as 800,000,000 ordinary shares at A$0.00161 per share which will represent 19.6% of the company’s issued capital. The issue will be completed within the Company's capacity pursuant to ASX Listing Rules 7.1A (as to 328,300,044 shares) and 7.1 (as to 471,...
Samson Oil & Gas Announces Cancellation of Proposed Sale & Plan to Ref...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTCQB) advises that its previously announced letter of intent to sell its Foreman Butte Project, comprising substantially all of its assets, for US$41.5 million has been terminated by the buyer. The buyer indicated that it remained willing to proceed with the transaction at the stated price and terms, but was unable to complete its financing plan for the transaction. In light of the cancellation of the proposed sale and the continuing ...
Samson Oil & Gas Enters into Letter of Intent with Respect to Foreman ...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil and Gas Limited (ASX: SSN and OTC: SSNYY) has executed a non-binding letter of intent to sell its Foreman Butte Project, which comprises substantially all of its assets, to Firehawk Oil and Gas LLC for US$41.5 million. The parties have agreed to a 21-day exclusivity period during which the buyer will conduct customary due diligence on the properties with a view to executing a definitive agreement at or prior to its expiration. The effective date of the transaction would be Januar...
Samson Oil & Gas Ltd (SSN) - Oil & Gas - Deals and Alliances Profile
Summary Samson Oil & Gas Ltd (Samson) is an oil and gas company that offers exploration and production of crude oil and natural gas reserves. The company’s oil and gas projects include Sweetwater County, Goshen County, Williams County, Renville and Ward Counties; Lea County, Roosevelt County, and Onshore Gulf Coast. It aims on oil production in the Niobrara and Bakken formations in the US. Samson also acquires and develops working interests located on the eastern flank of the Williston Basin ...
Samson Oil & Gas Advisory
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson was advised today that staff of NYSE American has determined to commence proceedings to delist Company’s American Depositary Shares (“ADS”) from the Exchange on account of Samson’s failure to meet the stockholders’ equity requirement of $6,000,000 prior to September 14th 2017. Samson intends to request a hearing before an NYSE Listing Qualifications Panel to review of the Staff’s decision within the 7 day window allowed by the NYSE Listing Rules. As a result, trading of ...
Samson Oil & Gas to Present at EnerCom Denver 2017
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson is presenting to delegates attending the EnerCom conference in Denver. Samson’s presentation is scheduled for Monday 14th August 2017 at 4:25pm MDT. This is equivalent to Tuesday 15th August 2017 at 8:25am AEST in Sydney. The presentation is being webcast and is available at the following link:http://www.theoilandgasconference.com/togc-webcast/ssn/ The presentation will also be available through the conference website and the Samson website:http://www.samso...
Samson Oil & Gas Advisory
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Debt Facility Samson and Mutual of Omaha Bank have agreed to extend both the Term Loan and the Reserve Based facility until October 2018. This agreement remains subject to receipt and review of documentation by Samson and Mutual of Omaha Bank. The previous maturity date was October 31, 2017. The $4 million term loan was entered into on May 5, 2017 and replaced the Vendor note that was part of the Foreman Butte Tr...
Samson Oil & Gas Advisory
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Completed Sale of State GC assets Further to the announcement made on May 12th, 2017, Samson advises that it has closed on the sale of its State GC assets in New Mexico to a private US-based energy company. The sales price of $1.2 million has been received by Samson and applied to pay down Samson’s current facility with Mutual of Omaha Bank. Subject to Samson’s compliance with the terms of the facility, the paid down fund...
Samson Oil & Gas Enters into Purchase and Sale Agreement
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Sale of State GC assetsFurther to the announcement made on May 8th, 2017, Samson advises that it has entered into a Purchase and Sale agreement with respect to its State GC assets in New Mexico with a private US based energy company. The sale price of these assets is $1.2 million. The sale will be effective May 1, 2017 and is expected to close on May 24th, 2017. The funds received will be used to pay down Samson’s current facility...
Samson Oil & Gas Confirms Repayment of Vendor Note and Amended Credit ...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Vendor Note Further to the announcement made on May 1st, 2017, Samson confirms that the $4,000,000 promissory note payable to the vendor of its Foreman Butte properties has been paid in full. The source of funds was a new term loan in such amount obtained from Mutual of Omaha Bank which is in addition to the Company’s existing credit facility. Both the new term loan and the $20 million revolving line under that credit ...
Samson Oil & Gas to Repay Vendor Note
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Vendor Note Samson has informed the vendor holding its outstanding $4 million promissory note due May 1st that it will be paying that note in full. Samson expects to fund the repayment of the vendor note this week with a new term loan from Mutual of Omaha Bank, which will be in addition to its current $20 million revolving line with Mutual of Omaha Bank. The revolving line credit agreement remains substantially unc...
Samson Oil & Gas Lodges Quarterly Report and Appendix 5B for Quarter E...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises that it has filed its Quarterly Report and Appendix 5B for the quarter ended 31 March 2017. The report is now available on the Company’s website: www.samsonoilandgas.com For and on behalf of the board ofSAMSON OIL & GAS LIMITED TERRY BARRManaging Director Statements made in this press release that are not historical facts may be forward-looking statements, including but not limited to statements ...
Samson Oil & Gas Receives Extension on Promissory Note Payment
DENVER & PERTH, Australia--(BUSINESS WIRE)-- The payment date on Samson’s outstanding vendor promissory note has been extended by one month to May 1, 2017, and negotiations are continuing with respect to the refinance of this note. The interest payment of $400,000 has been made today, however. The promissory note was secured by second mortgages against Samson’s Foreman Butte assets through an inter-creditor agreement with Mutual of Omaha Bank. The terms of the agreement grant 180 days before the note holder can exercise any r...
Samson Oil & Gas Presenting at IPAA’S OGIS Conference
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Samson’s CEO Mr. Terry Barr is presenting to delegates attending the IPAA Oil & Gas Investment Symposia in New York on April 3rd at 4:10 PM EDT, which is 6:10 AM on April 4th in Sydney. Samson’s presentation will be available on its website:http://www.samsonoilandgas.com/irm/content/default.aspx and will be webcast at the following link:reg.precisionir.com/guest/registration?s=2&t=wc&c=175718&a=267116&ck=174080 ...
Samson Oil & Gas to Present at Enercom Dallas 2017
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Samson is presenting to delegates attending Enercom Dallas. Samson’s presentation is scheduled for Thursday March 2nd at 8.00 am CT. The presentation is being webcast and is available at the following link: http://www.enercomdallas.com/webcast/ssn/ The presentation will also be available through the conference website and the Samson website: http://www.samsonoilandgas.com/irm/content/defa...
Samson Oil & Gas Lodges Form 10-Q for the Quarter Ended December 31, 2...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises that it has filed its Form 10-Q for the Quarter Ended December 31, 2016. The report is now available on the Company’s website: www.samsonoilandgas.com For and on behalf of the board ofSAMSON OIL & GAS LIMITEDTERRY BARRManaging Director Statements made in this press release that are not historical facts may be forward-looking statements, including but not limited to statements using wor...
Samson Oil & Gas Announces December 31st Estimated Reserves
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited: December 31st ReservesNetherland, Sewell & Associates, Inc. has completed its report estimating Samson’s oil and gas reserves as of December 31, 2016: OIL MBBL GAS MMCF NPV10 M\M ...
Samson Oil & Gas Lodges Quarterly Report and Appendix 5B for Quarter E...
DENVER & PERTH, Australia--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises that it has filed its Quarterly Report and Appendix 5B for the quarter ended 31 December 2016. The report is now available on the Company’s website: www.samsonoilandgas.com For and on behalf of the board ofSAMSON OIL & GAS LIMITED TERRY BARRManaging Director Statements made in this press release that are not historical facts may be forward-looking statements, including but not limited to statement...
Samson Oil & Gas Responds to ASX Question
DENVER--(BUSINESS WIRE)-- Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that it has filed the following letter with the ASX on January 20, 2017. The letter was sent in response to a query from the ASX with regards to the increased price and volume of trading in the securities of Samson Oil & Gas Limited on the ASX during January 20, 2017. For and on behalf of the board ofSAMSON OIL & GAS LIMITED TERRY BARRManaging Director Statements made in this press release that are not historical facts may ...
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