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IC - Australia & Oceania Briefs - May 01, 2019
Samson Oil & Gas Ltd.’s US subsidiary closed a $33.5 million refinancing with AEP/FINCO LLC, the credit arm of Anvil Energy Partners. Interest on the fiveyear facility is payable at LIBOR plus 1050 bps. In connection with the facility, Samson entered into swap arrangements covering 770,000 bo, fixing its price at $55.45/bbl weighted average. This volume represents about 85% of Samson’s currently expected PDP reserves. New borrowings will retire existing credit, repay creditors and provide working capital for an infill development drilling program. IPB Petroleum Ltd.......
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