One-Page Deal Sheet
Samson Sells Bakken North Stockyard Asset to Private Equity Firm
Angelus Private Equity Group Samson Oil & Gas Limited
Announced Date
July 06,2016
Close Date
October 31,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
15
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Mission Canyon (Bl
Location
Region
Williston Basin
Country
United States
State
North Dakota
County
Williams
Play
Transaction Details: Require Private Equity Subscription
Closing Extension - September 1, 2016
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 $50,000 fee to accommodate this extension.
Following the closing of this transaction Samson is expected to reduce its debt facility to $19 million.
Initial Announcement - July 6, 2016Samson has…
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