Value Microcaps Junior Energy

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SSN

1:15AM Samson Oil & Gas enters 3-way Joint Venture for Hawk Springs Project (SSN) 1.99 : Co announces that it has entered into a three-party participation agreement with Halliburton Energy Services (a unit of HAL) and its existing private co partner for the evaluation and development of the Niobrara Formation and other conventional targets in the northern Denver-Julesburg Basin for part of co's Hawk Springs Project. Co and its partner will be free carried through the drilling and completion of two wells with ~4,500' laterals and will be reimbursed for a portion of the cost of the North Platte 3-D seismic survey. Halliburton will acquire 25% equity in the farm-in area (a net 2,819 acres). The transaction has been structured such that the acquisition cost can be valued at a rate of $3,275 per acre.