Samson Oil & Gas Ltd.
Description
With Mutual of Omaha Bank, agreed to extend $4 million term loan and the reserve-based facility until October 2018, subject to review. Previous maturity date was Oct. 31, 2017. Term loan was entered into on May 5, 2017, and replaced vendor note that was part of Foreman Butte Transaction. Facility is drawn to $19.45 million and has $20 million borrowing base.