Samson Oil and Gas USA Inc. retained BOK Financial Securities for the sale of producing properties in Montana and North Dakota in the Williston Basin.
The company has retained BOK Financial Securities as its exclusive advisor in connection with the sale.
The offering includes 49 producing wells targeting various conventional formations including the Ratcliffe, Mission Canyon, and Red River.
From the blog, assuming its the same Samson Oil & Gas:
Samson Oil & Gas (SSN)
- $16.5 million for 51,000 acres in the Williston Basin, 720 bopd from 41 net producing wells; January 6, 2016
- sells two Rennerfeldt wells in Stockyard Creek; issues 227 million more shares at 37 cents/share; share price plummets from 46 cents/share to 38 cents/share -- April 17, 2014
- sells its Montana acreage to raise money to develop its Stockyard Creek prospect, June, 2013
- previously working interest only; becomes an operator in 1Q13
- first permits (as operator) issued January 18, 2013
- Stockyard Creek, north half
- 3,033 acres in Stockyard Creek, North Dakota Bakken (website, not updated)
- Up to 90,000 more acres in Williston Basin Bakken, Roosevelt County, Montana
Looks like a perfect "bolt-on" acquisition for CLR, Kraken, or Oasis.
1,000 bopd x 20,000 = $20 million for a good starting offer. At 40,000 x flowing boepd, we get $40 million.
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