$SNNYY SAMSON OIL & GAS ENTERS INTO LETTER OF INTE
Post# of 98042
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Posted On: 01/23/2018 9:33:26 AM
$SNNYY SAMSON OIL & GAS ENTERS INTO LETTER OF INTENT
WITH RESPECT TO FOREMAN BUTTE PROJECT
Denver 1600 hours January 22nd, 2018, Perth 0700 hours January 23rd 2018
Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTC) 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 January 1st 2018.
http://www.samsonoilandgas.com/irm/content/as...ectCount=1
WITH RESPECT TO FOREMAN BUTTE PROJECT
Denver 1600 hours January 22nd, 2018, Perth 0700 hours January 23rd 2018
Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTC) 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 January 1st 2018.
http://www.samsonoilandgas.com/irm/content/as...ectCount=1
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