Plan to Regain Compliance Accepted by NYSE MKT
June 01 2016 - 9:00PM
Business Wire
The Directors of Samson Oil & Gas Limited (“Samson”)
(ASX:SSN; NYSE MKT: SSN) wish to announce that the plan submitted
to the NYSE MKT with respect regaining compliance with the NYSE MKT
listing rules has been accepted by the NYSE MKT.
Samson has until September 14, 2017 to regain compliance with
the applicable listing rules. During this period, Samson will
remain subject to quarterly reviews by the NYSE MKT with respect to
the initiatives outlined in the plan. Failure to make progress
consistent with the plan or to regain compliance with the continued
listing standards by the end of the extended plan period could
result in Samson being delisted from the NYSE MKT.
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”,
“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 Samson’s reports to the U.S. Securities and Exchange Commission,
which are available at
www.sec.gov/edgar/searchedgar/webusers.htm.
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version on businesswire.com: http://www.businesswire.com/news/home/20160601007062/en/
Samson Oil & Gas LimitedTerry Barr, CEO, 303-296-3994 (US
office)970-389-5047 (US cell)