Attached files
file | filename |
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8-K - FORM 8-K - Samson Oil & Gas LTD | v347923_8k.htm |
EX-99.4 - EXHIBIT 99.4 - Samson Oil & Gas LTD | v347923_ex99-4.htm |
EX-99.3 - EXHIBIT 99.3 - Samson Oil & Gas LTD | v347923_ex99-3.htm |
EX-99.2 - EXHIBIT 99.2 - Samson Oil & Gas LTD | v347923_ex99-2.htm |
Exhibit 99.1
Rights Issue Closing Friday 31 May 2013
Samson
Oil & Gas Limited (ASX Code: SSN) is currently offering a Rights Issue to eligible shareholders
(Offer). The Offer is scheduled to close at 5pm (Perth Time) Friday 31 May 2013.
Shareholders are being offered 1 new share for every 3 shares held at
the Record Date, at an issue price of $0.025 (two and a half cents) per share together with one free attaching New Option for every
2.5 New Shares applied for. The Options are exercisable at $0.038 (three point eight cents) at any time up to 31 March 2017. Shareholders
may also apply for additional New Shares and attaching New Options above their Entitlement through the Additional Share Offer.
As previously announced, Samson is undertaking an infill development drilling
program in its North Stockyard and Rainbow Projects, located in the heart of the North Dakota Bakken oil play. This development
program is being undertaken adjacent to existing production and has been expected to add significant oil production and reserves
to Samson. The recently commenced simultaneous drilling of four development wells is being financed, in part, by Samson’s
recently completed and ongoing equity offerings.
When considering the Offer, shareholders should read the Rights Issue
Prospectus dated Tuesday 26 March 2013 and Samson’s latest
ASX releases.
The Company has established a BPAY® facility for those shareholders
wishing to participate in the Offer and preferring the convenience of electronic payment. If you pay by BPAY® you do not
need to return your Entitlement and Acceptance form. You can also pay by cheque, bank draft, or money order. All payments need
to be received by the share registry no later than 5pm (Perth Time) Friday 31 May 2013.
If you have any questions relating to the Rights Issue, please don’t
hesitate to contact the Samson Information Line on +61(2) 8256 3385 while the Offer is open. If you have already participated
in the Rights Issue, thank you very much for your continued support.
Regards
Terry Barr
Managing Director
Samson Oil & Gas Limited
For further information please contact:
Security Transfer Registrars Pty Ltd | Samson Oil & Gas Limited |
T: +61(8) 9315 2333 | T: +61(8) 9220 9830 |
E: registrar@securitytransfer.com.au | E: contact@samsonoilandgas.com.au |