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Samson Oil & Gas reveals $16.5m acquisition agreement

07 Jan 2016

Samson Oil & Gas has announced that it will secure 50,000 acres from Williston Basin properties. 

The $16.5m cash deal will see Samson Oil & Gas acquire properties which produce approximately 720 BOPD from 41 net producing wells. The contract is expected to help increase Samson’s total reserve base by approximately 475%.

The agreement also states that the corporation will secure associated facilities in North Dakota and Montana.

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