DENVER, CO / ACCESSWIRE / September 2, 2020 / Samson Oil & Gas Limited(“Samson” or the “Company”) advises that the Company’s Board of Directors has approved the appointment of Adams Paul Nikitins and Samuel John Freeman of EY, Level 23 Exhibition Street, Melbourne VIC 3000 as joint and several administrators (the “Administrators”) of the Company. The Board of Directors will resign and, pursuant to Australian law, the Administrators will take control of the affairs and business of the Company. The Board of Directors adopted the voluntary plan of administration based on its determination that the Company is likely to become Insolvent within the meaning of section 436A(1) of the Corporations Act 2001 (Cth).
The Company’s financial posit…
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