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Samson sells Roosevelt project

25th June 2013

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – US-focused Samson Oil & Gas would sell its interest in the Roosevelt project, in Montana, for some A$13.53-million in cash.

Samson said on Tuesday that the agreement covered the company’s interest in some 30 000 acres, and included Samson’s interest in wells Australia II, Gretel II and Abercrombie, as well as the leases comprising the drill spacing units for these wells.

The oil and gas developer noted that cash raised by the sale would be used to develop its Bakken North Stockyard project, in North Dekota.

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