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Thursday, January 20, 2022

Pay Day: Samson Oil And Gas, Williston Basin Assets Up For Sale -- January 20, 2022

Link here.

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)

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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