Samson Oil & Gas Limited Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended March 31, 2018
For nine months, the company reported total revenue and other income of $7,354,110 compared to $12,251,466 a year ago. Loss from operations was $5,204,672 compared to $2,723,269 a year ago. Net loss was $5,204,672 or 0.16 cents per basic and diluted share compared to $2,723,269 or 0.08 cents per basic and diluted share a year ago. Net cash flows from operating activities were $507,473 compared to net cash flows used in operating activities of $1,450,474 a year ago. Payments for plant & equipment were $27,830 against $114,296 a year ago. Payments for exploration and evaluation were $25,451 compared to $86,963 a year ago. Payments for oil and gas properties were $591,650 compared to $2,216,713 a year ago.
For the quarter, the company reported production volume of oil was 34,450 Bbls against 64,632 Bbls a year ago. Production volume of natural gas was 2,067 Mcf against 58,209 Mcf a year ago. Production volume of BOE (Barrels of oil equivalent - based on one barrel of oil to six Mcf of natural gas) was 34,795 against 74,334 a year ago.
For the nine months the company reported production volume of oil was 134,366 Bbls against 230,756 Bbls a year ago. Production volume of natural gas was 13,217 Mcf against 93,526 Mcf a year ago. Production volume of BOE (Barrels of oil equivalent - based on one barrel of oil to six Mcf of natural gas) was 136,569 against 246,344 a year ago.