|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1000 - 0.1000|
|52 Week Range||0.0400 - 0.2900|
|Beta (3Y Monthly)||2.68|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Samson Oil and Gas USA, Inc., a wholly owned subsidiary of Samson Oil & Gas Limited (ASX:SSN and OTCQB:SSNYY), has closed a $33.5 million refinancing with AEP I FINCO LLC. The new facility has a 5 year term and an interest rate of LIBOR plus 10.5%. The proceeds of the new debt facility will be used to retire the existing line of credit, repay outstanding creditors and provide working capital to pursue an infill development drilling program. The development drilling program is expected to commence in approximately two weeks with the drilling of the first Gonzales Proved Undeveloped (PUD) location.
OTC: SSNYY) advises that it has filed its Quarterly Report and Appendix 5B for the quarter ended 31 December 2018. Statements made in this press release that are not historical facts may be forward looking statements, including but not limited to statements using words like “may”, “believe”, “expect”, “project”, “anticipate”, “should” or “will.” Actual results may differ materially from those projected in any forward-looking statement. A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could affect Samson’s financial results, are included in the prospectus and prospectus supplement for its recent Rights Offering as well as the Company's report to the U.S. Securities and Exchange Commission on Form 10-K, which are available at www.sec.gov/edgar/searchedgar/webusers.htm.
As previously advised, Samson Oil and Gas USA, Inc, a wholly-owned subsidiary of Samson Oil and Gas Limited , entered into a Purchase and Sale Agreement with Eagle Energy Partners, I, LLC for the sale of substantially all of Samson’s Foreman Butte Project, located in the Williston Basin in North Dakota and Montana, for cash consideration of US$40 million, effective January 1, 2018 .