Petroshale Inc (CVE:PSH) gets hold of assets from Samson Oil & Gas Limited (ADR) (NYSEMKT:SSN)

0
718

Dallas, Texas 09/09/2013 (Financialstrend) – Petroshale Inc (CVE:PSH) inked a deal with Slawson Exploration Co. Inc. to get hold of certain assets within the Stockyard Creek ground, southern Williams County, N.D., from Samson Oil & Gas Limited (ADR) (NYSEMKT:SSN) for an aggregate sum of around US $934,407.

As part of the deal, Slawson will buy out operatorship and begin conclusion of the Sail & Anchor well and commence a proposed drilling plan with a committed rig that will consist of a projected extra 3-4 (gross) wells drilled by 2013 end.

“We are really thrilled to be joining hands with operator Slawson Exploration Co. Inc. and Samson Oil & Gas Ltd. to build up the Bakken and Three Forks arrangement in the Stockyard Creek field,” stated Evan Genaud, PetroShale’s president and chief executive officer, in the release.

Samson Oil & Gas declares request of trading halt in Australia and US

An energy firm, Samson Oil & Gas Limited revealed that it has requested an immediate halt of the trading of its ordinary shares on the Australian Securities Exchange Limited (ASX) from August 19 till 21 August 2013, pending the declaration of a capital lifing to the market.

In addition, the firm stated that it has made a related request to the NYSE MKT for a close down to the trading of its American Depositary Scrips in the United States.

Samson costs dropping

As Samson Resources continues to expand its core North Dakota acreage in the Ambrose focus region in north-central Divide County along the Canadian border, the Tulsa-based independent is also witnessing progressive declines in its concluded well costs resulting from outfitted developments and competences.

The company’s stock looks good at the moment to invest in. The investors must hold the stock for some time to reap good returns.