SAMSON OIL & GAS ANNOUNCES CANCELLATION OF PROPOSED SALE

SAMSON OIL & GAS ANNOUNCES CANCELLATION OF PROPOSED SALE

Samson Oil and Gas Limited (SSN, ASX and SSNYY, OTCQB) advises that its previously announced letter of intent to sell its Foreman Butte Project, comprising substantially all of its assets, for US$41.5 million has been terminated by the buyer. The buyer indicated that it remained willing to proceed with the transaction at the stated price and terms, but was unable to complete its financing plan for the transaction.

SOURCE:  http://www.samsonoilandgas.com/irm/content/asx-announcements.aspx?RID=8&RedirectCount=1

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