By Tyler Losier, Energy Reporter, Oil & Gas 360 Vermilion Cliffs Partners gets $11 million senior secured loan facility On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior secured loan facility to Vermilion Cliffs Partners. According to Anvil, the funds will be utilized by Vermilion to support the
Samson Oil & Gas: debt reduction, higher borrowing base Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has increased the company’s borrowing base to $20 million. Samson expects the Bank to further increase its borrowing base in the
As previously advised Samson has executed a purchase and sale agreement with respect to its interest in the North Stockyard Field and received a $1 million deposit as part of the $15 million consideration. The buyer has indicated that it now plans to close between September 15th and the 25th. Accordingly Samson has accepted an extension request, along with a
Move boosts liquidity Samson Oil & Gas (ticker: SSN) announced an agreement to sell the company’s interest in the North Stockyard field for $15 million. The buyer of the acreage is Angelus Private Equity Group, who has placed a $1 million deposit on the property. Closing is expected to occur on August 31, 2016. The sale will allow Samson to
Terry Barr, Chief Executive Officer of Samson Oil & Gas Limited (SSN), presented today at EnerCom’s The Oil & Gas Conference® 17. The company, based in Perth, Australia, holds development and exploration acreage in the United States. It focuses its oil production in the Niobrara and Bakken formations and holds interest in North Dakota, New Mexico, Texas, Wyoming and Montana.
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