SAMSON OIL & GAS LIMITED Samson Oil and Gas Limited advised that, effective March 31, 2020, there will be a restructuring of the Company's corporate operations and implementation of a cost reduction plan. This will include a number of changes to its Board of Directors and management structure. The restructuring realigns the corporate structure to more effectively serve its operations and support the progression of Samson's business strategy.
Mr. Terry Barr is retiring from his position as Samson's CEO and Managing Director but will remain on the Board of Directors. He will be replaced as CEO by Mr. Tristan Farel, Samson's current CFO. Mr. Farel will, also, join the Samson Board of Directors as Managing Director.
Mr. Barr will assume the position of Chairman of the Board, replacing Dr. Peter Hill, who is retiring from the Samson Board.
