The financial highlights:
- Samson’s oil production increased by 63% over the prior quarter following the successful completion to two wells in the North Stockyard field.
- Revenue increased by 57% and because of the timing of the actual receipt of cash, receipts of US$1.5million (A$1.4million) from the sale of oil and gas for the current quarter, was up 11.2% from March quarter.
- Samson’s realized prices for both natural gas and oil increased by 5.7% and 8.0% respectively.
- Samson has recorded a closing cash balance for the quarter of US$58.4 million (A$54.4 million).
- During the quarter the debt facility was repaid. The company is now debt free with significant cash resources.
Links for SSN and other Bakken companies at "Earnings Central."
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