Samson Oil & Gas Lodges June 2015 Quarterly Report and Appendix 5B
July 29 2015 - 8:30PM
Business Wire
Samson Oil & Gas Limited (ASX: SSN, NYSE MKT: SSN) advises
that it has filed its Quarterly Report for the period ended June
30, 2015 and Appendix 5B. The report is now available on the
Company’s website:
www.samsonoilandgas.com
Highlights
- EBITDAX for the quarter ended June 30,
2015 was $3.030 million (unaudited).
- Average production for the quarter
ended June 30, 2015 was 1,083 barrels of oil equivalent per day
compared to 655 BOEPD for the quarter ended June 30, 2014.
- Production for the quarter ended June
30, 2015 was 65% higher at 97,520 BOE compared to 58,966 BOE for
the quarter ended June 30, 2014.
Samson’s Ordinary Shares are traded on the Australian Securities
Exchange under the symbol "SSN". Samson's American Depository
Shares (ADSs) are traded on the New York Stock Exchange MKT under
the symbol "SSN". Each ADS represents 200 fully paid Ordinary
Shares of Samson. Samson has a total of 2,837 million ordinary
shares issued and outstanding (including 230 million options
exercisable at AUD 3.8 cents), which would be the equivalent of
14.185 million ADSs. Accordingly, based on the NYSE MKT closing
price of US$0.69 per ADS on July 29th, 2015, the Company has a
current market capitalization of approximately US$9.9 million (the
options have been valued at an exchange rate of 0.7321).
Correspondingly, based on the ASX closing price of A$0.005 for
ordinary shares and a closing price of A$0.001 for the 2017
options, on July 29th, 2015, the Company has a current market
capitalization of approximately A$14.415 million.
For and on behalf of the board ofSAMSON OIL & GAS
LIMITED
TERRY BARRManaging Director
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. There are a number of important factors that could cause
actual results to differ materially from those anticipated or
estimated by any forward looking information, including
uncertainties inherent in estimating the methods, timing and
results of exploration activities. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150729006833/en/
Samson Oil & Gas LimitedTerry Barr, CEO, 303-296-3994
(US office)970-389-5047 (US cell)