10 Jan 2017director interest notice● Neutral
Samson Oil & Gas LTD VP - Exploration David Ninke acquired 44,969,000 shares and disposed of 3,267,000 in a set of related equity transactions.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD VP - Engineering & Operations Mark Ulmer bought 70,304 shares on the open market.
28 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD VP -Engineering & Operations Mark Ulmer bought 86,696 shares on the open market.
14 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD VP -Engineering & Operations Mark Ulmer bought 25,800 shares on the open market.
5 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD Chief Financial Officer Robyn Lamont received 8,718,400 shares and a 37,000,000-share option grant as part of the equity award.
2 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD VP -Engineering & Operations Mark Ulmer received 5,704,200 shares and a 48,000,000-share option grant as part of the equity award.
2 Dec 2016director interest notice● Neutral
Samson Oil & Gas LTD VP - Exploration David Ninke received 9,969,000 shares and a 35,000,000-share option grant as part of the equity award.
21 Nov 2016director interest notice● Neutral
Samson Oil & Gas LTD officer Terence Maxwell Barr received 16,258,000 shares and a 60,000,000-share option grant as part of the equity award.
21 Nov 2016director interest notice● Neutral
Samson Oil & Gas LTD director Peter J Hill received 8,818,800 shares and a 30,000,000-share option grant as part of the equity award.
21 Nov 2016director interest notice● Neutral
Samson Oil & Gas LTD Secretary Denis Rakich received 1,517,400 shares and a 24,000,000-share option grant as part of the equity award.
21 Nov 2016director interest notice● Neutral
Samson Oil & Gas LTD director Gregory Channon received 5,005,000 shares and a 24,000,000-share option grant as part of the equity award.
14 Nov 2016quarterly activities report▼ Bad
Samson Oil & Gas LTD reported quarterly revenue of $4.4 million and a net loss of $535 thousand for the period ended 2016-09-30.
3 Nov 2016quarterly activities report▼ Bad
Samson Oil & Gas LTD reported quarterly revenue of $4.4 million and a net loss of $535 thousand for the period ended 2016-09-30.
17 Oct 2016agm notice● Neutral
Samson Oil & Gas LTD shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 Oct 2016director interest notice● Neutral
Mark Ulmer became a Samson Oil & Gas LTD VP - Engineering & Operations and company insider (initial ownership filing).
29 Sept 2016late filing notice▼ Bad
Samson Oil & Gas LTD notified the SEC that its annual report would be filed late.
29 Aug 2016agm notice● Neutral
Samson Oil & Gas LTD shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
29 July 2016quarterly activities report● Neutral
Samson Oil & Gas LTD reported quarterly revenue of $8.6 million and net income of $2.8 million for the period ended 2016-06-30.
18 July 2016material agreement● Neutral
Samson and Mutual of Omaha signed the Fourth Amendment to the credit agreement, putting into writing the already-announced extension of the $10M paydown deadline from 30 June to 31 August 2016. No new terms beyond that are described.
7 July 2016material agreement● NeutralMajor
Samson's US subsidiary agreed to sell all of its North Stockyard project in North Dakota to APEG Energy (an Angelus Private Equity Group affiliate) for $15 million, with a $1M deposit paid and closing expected 31 August 2016. Mutual of Omaha pushed the $10M loan paydown deadline from 30 June to 31 August 2016, and Samson plans to repay $11.5M of the loan from the sale. This would sell off the long-running North Stockyard field and shrinks the company's asset base.
2 June 2016listing compliance notice▲ GoodMajor
The NYSE MKT accepted Samson's plan to regain compliance with its listing standards, giving it until 14 September 2017. The ADSs stay listed, but the exchange will review progress quarterly and could delist the company if progress lags or compliance is not regained. This resolves the question of whether the plan would be accepted, while the underlying equity shortfall remains open.
16 May 2016quarterly activities report▼ Bad
Samson Oil & Gas LTD reported quarterly revenue of $2.0 million and a net loss of $1.9 million for the period ended 2016-03-31.
29 Apr 2016quarterly activities report▼ Bad
Samson Oil & Gas LTD reported quarterly revenue of $2.0 million and a net loss of $1.9 million for the period ended 2016-03-31.
14 Apr 2016material agreement▼ BadMajor
Samson sold 378,020,400 new ordinary shares (as ADSs at $0.74 each, $0.0037 per share) to investors for gross proceeds of $1,398,675, with a 6% ($83,921) fee to Euro-Pacific; closing was 14 April 2016. The press release says the money will go to the Foreman Butte development program. This adds to the dilution of existing holders and is a small part of the $5M equity raise the credit lenders required by 30 September 2016.
13 Apr 2016securities registration● Neutral
Samson Oil & Gas LTD filed a prospectus supplement for an offering off its existing shelf.
6 Apr 2016asset acquisition disposition● NeutralMajor
The Oasis Petroleum purchase (the Foreman Butte assets in North Dakota and Montana, agreed in January 2016) closed on 31 March 2016 at a total price of $16.16 million after adjustments; the base price was cut from $16.5M to $16M because of changes to a gas gathering agreement. Mutual of Omaha raised the borrowing base to $30.5M and $11.5M of it funded the deal, with Oasis lending $4M on a 12-month 10% second-lien note. The credit amendment adds tougher terms: a $10M paydown by 30 June 2016, $5M of new equity by 30 September 2016, G&A cut from $6M to $3M a year, 75% hedging, and a 50% cash flow sweep. This resolves the pending Oasis deal, but the terms add pressure on shareholders.
16 Mar 2016listing compliance notice▼ BadMajor
The NYSE MKT told Samson on 14 March 2016 that it breaches listing standards on stockholders' equity, which was a deficit of $197,183 at 31 December 2015. Samson must submit a plan by 13 April 2016 to regain compliance by 14 September 2017, and the exchange may start delisting if no plan is submitted or it is not accepted. The ADSs stay listed meanwhile. The press release says the plan is expected to centre on the Williston Basin acquisition (the Oasis purchase appears to be this, an inference) and a Halliburton settlement worth $897,000 in total.
22 Feb 2016quarterly activities report▼ Bad
Samson Oil & Gas LTD reported quarterly revenue of $2.3 million and a net loss of $2.5 million for the period ended 2015-12-31.
17 Feb 2016late filing notice▼ Bad
Samson Oil & Gas LTD notified the SEC that its quarterly report would be filed late.
8 Feb 2016director interest notice● Neutral
Gregory Channon became a Samson Oil & Gas LTD director and company insider (initial ownership filing).