Samson Oil & Gas Limited announced consolidated production and cash flow results for the fourth quarter and cash flow results for the full year ended June 30, 2018. For the quarter, the company's net cash used in operating activities were USD 417,000.

For the year, the company's net cash used in operating activities were USD 337,000, payments to acquire property, plant and equipment was USD 28,000.

Average net production for the quarter ended 30 June 2018 was 528 barrels of oil equivalent per day, up 20% from the quarter ended 31 March 2018. Production from the Foreman Butte project increased from the March quarter total of 34,450 barrels of oil (net production) to 46,348 barrels of oil for the June quarter. The increase in production is due to the workover program Samson has put in place following the acquisition and refurbishment of its workover rig. During the quarter the company injected 42,011 barrels of water into Rose Waterflood.

For the quarter ending September 2018, the company expected total cash outflow of USD 2,050,000.