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8-Sep-2010
Closure of Goshen County Sale Transaction
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Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that it has closed on the first sale of 19,451 acres of its Denver-Julesberg Basin acreage interests in Goshen County, Wyoming, for US$63.7 million in cash, which amount includes the US$10 million deposit previously received by Samson from the Buyer. A second closing is scheduled for the week beginning September 20th. At the second closing, Samson will sell, at the same price per acre, 1,920 acres associated with approved drilling permits, valued at US$6.288 million.
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31-Aug-2010
Gary 1 24H
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Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that the first fracture stimulation stage pumped 150,000 pounds of proppant into the Gary #1-24H well according to the planned program, however in preparing for the second stage the isolation plug set prematurely above its planned setting depth. It is now required that the second stage isolation plug be drilled out using a coiled tubing unit before continuing the remainder of the fracture stimulation job. This operation is expected to be undertaken later this week and the stimulation program should re-commence on or about September 13th. We do not anticipate any reduction in well performance.
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30-Aug-2010
Goshen County Transaction and DJ Operations
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Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) has been advised by the Buyer of its Denver-Julesburg Basin acreage interests in Goshen County, Wyoming, that the Buyer has completed its due diligence on the contracted for properties. The Buyer reports that, because the title defects identified are minor, it intends to proceed with a closing of the transaction on Tuesday, September 7th, the day following Labor Day, a bank holiday in the U.S. While the final settlement amount has yet to be agreed upon, based on its most recent discussions with representatives of the Buyer, Samson believes that its previous guidance on the transaction with respect to the range of funds to be received by Samson at closing remains accurate. Further advice concerning the final amount paid to Samson will be announced when the parties agree upon a final reconciliation at or before closing.
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23-Aug-2010
Enercom Conference and Presentation
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Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) is scheduled to present at EnerCom’s The Oil and Gas Conference® 15 on Monday, August 23, at 1445 hours MST in the US (Tuesday 24th, 0445 hours EST in Australia). The conference, which is being held in Denver, is dedicated to the energy industry and is the premier event in the US conference circuit, attended by a diverse range of institutional investors, research analysts and investment professionals.
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