Samson Oil and Gas To Sell Some Wyoming Assets

Link here.

Samson Oil and Gas will sell gas assets in Green River Basin, Wyoming, for $6.3 million.

According to the release:

The sale of these gas assets is consistent with the business strategy Samson announced in October 2010, allowing Samson to focus on developing its two oil plays, the Bakken Formation in North Dakota and the Niobrara Formation in Wyoming. That strategy also calls for the Company to become debt-free in May 2011 when its debt facility with Macquarie Bank, bearing a current balance of $9.7 million, matures.

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