Samson to sell New Mexico asset
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Friday, 12 May, 2017 - 14:21
Perth-based Samson Oil and Gas announced today that it had entered into a purchase and sale agreement with a US-based energy company in respect of its State GC assets in New Mexico.
The sale is expected to close on May 24, with the $1.2 million sale price being used to pay down Samson’s current facility with Mutual of Omaha.
Samson Oil and Gas share price is unchanged at 0.3 cents today.
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