Samson to sell New Mexico asset

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.