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SSN > SEC Filings for SSN > Form 8-K on 27-Jun-2013All Recent SEC Filings

Show all filings for SAMSON OIL & GAS LTD



Entry into a Material Definitive Agreement, Financial Statements and Exhibit

ITEM 1.01 Entry into a Material Definitive Agreement.

On June 24, 2013, Samson Oil & Gas Limited entered into an Asset Purchase and Sale Agreement, dated as of June 21, 2013, to sell its interests in the Roosevelt Project in Montana for $13.533 million in cash, subject to the completion of specified due diligence by the buyer.

The agreement calls for the sale of Samson's interest in approximately 30,000 net acres, its interest in wells Australia II, Gretel II and Abercombie 1-10H and the leases comprising the drill spacing units for these wells. The transaction is anticipated to close on or before July 31, 2013.

The foregoing description of the Asset Purchase and Sale Agreement is a general description only, does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 10.1 hereto and incorporated into this report by reference.

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
10.1 Asset Purchase and Sale Agreement dated June 21, 2013

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