Samson drops Oklahoma fields
Australia-listed Samson Oil & Gas has sold stakes in two properties in the
Amber field, in Grady County, Oklahoma, including nine producing wells, for
$4.8 million, it said today.
Samson said in a statement it had sold its share off the properties, covering
1280 acres, to Kaiser-Francis Anadarko, saying it believes the assets have
“limited growth potential”, no planned drilling activity.
The company holds a 37.5% and 32.5% working interest respectively in the two
wells.
It said it would use part of the proceeds to repay outstanding debt.
09 May 2008 01:10 GMT
| last updated:
09 May 2008 01:10 GMT
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