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Thursday, June 2, 2011

Samson Oil and Gas Pays Off Credit Facility -- Carries No Debt on Balance Sheet -- Update on Two Bakken Wells -- North Dakota, USA

Link here.
Samson O&G has fully repaid its debt facility. After this final repayment of the facility, which once stood at US $21 million, Samson no longer has any debt on its balance sheet, and its current cash balance is approximately US $61.2 million.
The link also provides update on two Samson oil wells east of Williston, North Dakota. 

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