Samson secures loan

SAMSON Oil and Gas has finalised a credit facility with Mutual of Omaha Bank for up to $US25 million ($A28.5 million) to fund its drilling program in the North Stockyard project, North Dakota.

Samson secures loan Samson secures loan Samson secures loan Samson secures loan Samson secures loan

The initial borrowing base stands at $8 million, with an interest rate of about 3.9% over a three-year term, and provides for a changed borrowing base based on the company's estimated proved reserves.

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