UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 26, 2016
Samson Oil & Gas Limited
(Exact name of registrant as specified in its charter)
Australia | 001-33578 | N/A | ||
(State or other jurisdiction of incorporation or organization) | (Commission file number) | (I.R.S. Employer Identification Number) | ||
Level 16, AMP Building, 140 St Georges Terrace Perth, Western Australia 6000 |
||||
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: +61 8 9220 9830
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 3.01 Notice of Failure to Satisfy a Continued Listing Rule or Standard
On May 26, 2016, Samson Oil and Gas Limited (“Samson”) received notification from the NYSE MKT LLC (the “Exchange”) that the Exchange has accepted Samson’s plan to regain compliance with certain continued listing standards. Samson will have until September 14, 2017 to regain compliance with the applicable listing standards.
Samson’s ADSs will continue to be listed on the Exchange while it regains compliance with the applicable listing standards, subject to Samson’s compliance with other continued listing requirements. The Exchange’s notification does not affect Samson’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of its material debt or other agreements.
Samson issued a press release on June 1, 2016, announcing that it had received the notice of acceptance of its compliance plan. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit No. | Description | |
99.1 | Press release of the Company dated June 1, 2016 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 1, 2016 | ||
Samson Oil & Gas Limited | ||
By: | /s/ Robyn Lamont | |
Robyn Lamont | ||
Chief Financial Officer |
Exhibit 99.1
PLAN TO REGAIN COMPLIANCE ACCEPTED BY NYSE MKT
Denver 1700 hours June 1st, 2016, Perth 0700 hours June 2nd, 2016
The Directors of Samson Oil & Gas Limited (“Samson”) (ASX:SSN; NYSE MKT: SSN) wish to announce that the plan submitted to the NYSE MKT with respect regaining compliance with the NYSE MKT listing rules has been accepted by the NYSE MKT.
Samson has until September 14, 2017 to regain compliance with the applicable listing rules. During this period, Samson will remain subject to quarterly reviews by the NYSE MKT with respect to the initiatives outlined in the plan. Failure to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extended plan period could result in Samson being delisted from the NYSE MKT.
For and on behalf of the Board of
SAMSON OIL & GAS LIMITED
TERRY BARR
Managing Director
Statements made in this press release that are not historical facts may be forward looking statements, including but not limited to statements using words like “may”, “believe”, “expect”, “anticipate”, “should” or “will.” Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those anticipated or estimated by any forward looking information, including uncertainties inherent in estimating the methods, timing and results of exploration activities. A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could affect Samson’s financial results, are included in Samson’s reports to the U.S. Securities and Exchange Commission, which are available at www.sec.gov/edgar/searchedgar/webusers.htm.
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