Samson Oil & Gas Limited Reports Consolidated Cash Flow Results for the Third Quarter and Nine Months Ended March 31, 2017; Reports Production Results for the Quarter Ended March 31, 2017; Provides Revenue Guidance for the Quarter Ended March 31, 2017
For nine months, net cash used in operating activities was USD 3,886,000 a year ago. Payments to acquire property, plant and equipment was USD 105,000.
Average net production for the quarter ended 31 March 2017 was 722 barrels of oil equivalent per day.
Estimated oil and gas revenue was USD 2.9 million for the quarter (there is generally a two to three month delay between production and the receipt of funds).