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
Upon completion, Samson will be able to retire all of its debt, meet liabilities and retain $6.7 million Samson Oil and Gas USA, Inc. a subsidiary of Samson Oil and Gas Limited (ASX:SSN and OTCQB:SSNYY), has entered into a Sales agreement with EDF Trading for Samson’s Foreman Butte Project located in the Williston Basin in North Dakota and Montana, effective
From Hydrocarbons Technology Samson Oil & Gas has signed a letter of intent (LoI) to divest its Foreman Butte project in North Dakota and Montana, US, to a private equity-funded exploration and production company Firehawk Oil and Gas, in a deal valued at $41.5m. Once the transaction is closed, Samson expects to fully repay its current debt facility with Mutual
Samson Oil & Gas Breakout Notes Terence Barr, CEO of Samson Oil & Gas, Ltd., (ticker: SSN) presented today at EnerCom’s The Oil & Gas Conference® 22. Samson Oil & Gas is an Australia E&P company with operations in the United States, where it is producing out of the Williston basin. The company is also considering leasing acreage in Utah’s
Samson Oil & Gas lowers differential from $8.00 per barrel to $5.50-$6.50 Samson Oil & Gas (ticker: SSN) announced its quarterly results for the first quarter of 2017 indicating that the company is seeing stronger pricing for its Williston Basin production. Samson reported that production averaged 722 BOEPD during the quarter ended March 31, 2017. According to the company’s press
FINANCIAL HIGHLIGHTS – Average net production for the quarter ended 31st December 2016 was 881 barrels of oil equivalent per day. Production from the Foreman Butte acquisition has increased to 65,814 barrels of oil (net production) for the quarter ended 31 December 2016 up from 59,959 (revised) barrels of oil (net production) for the quarter ended 30 September 2016. Estimated
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 reported, Samson Oil & Gas 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 advised Samson that it intends to close on October 28, 2016. This closing date will comply with the current
If all investors read are the headlines, they might believe that the only oil and gas investment opportunities existing today are in the Permian Basin, specifically the horizontal Wolfcamp plays in the Delaware Basin region. But that’s not the case. If that were the case, investors would be missing out on ideas with relatively low risk, but high potential. One of those ideas is
Samson Foreman Butte Acquisition increases production 61% Samson Oil & Gas (ticker: SSN) reported second quarter results today, posting a 61% increase in production from last quarter with the inclusion of production from their Foreman Butte acquisition. Production for the second quarter reached 18.2 MBOPD, according to the company’s press release. Interest On April 1, Samson closed on the acquisition
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): Maris 1-16H Stimulation The Maris 1-16H multi-stage acid stimulation was completed Friday, June 24th. This well is a horizontal open hole completion in the Ratcliffe Member of the Mississippian Madison Formation, which is predominantly a limestone reservoir. The well has produced 177,000 barrels of oil after being initially drilled in
Samson Aims to Return 29 Inactive Wells to Producing Status On April 3, Samson Oil & Gas Limited (ticker: SSN; SamsonOilandGas.com) announced it had closed its planned acquisition of oil and gas assets in Montana and North Dakota—the Foreman Butte acquisition. Acquired Asset Highlights 721 bopd net production (11/01) 100 Operated wells 50 Non-Operated wells 7MMBO in net proved reserves
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
