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ASX Oil and Gas Stocks Snapshot; (ASX: GGP), (ASX: RFE), (ASX: SSN)
Mississippian Play Red Fork Energy (ASX: RFE) Reports US$65 million revolving credit facility
Category: Investment
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Visit: Golden Gate Petroleum Ltd.
Point Roberts, WA - March 20, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on junior ASX oil and gas stocks.
Golden Gate Petroleum Ltd. (ASX: GGP) closed at 0.0050, gaining 0.0010 or 25.00% on over 3.1 Million shares. Golden Gate is a focused petroleum exploration and production company with an exploration portfolio in the Gulf of Mexico and the Permian Basin.
Red Fork Energy Limited (ASX: RFE), (OTCQX: RDFEY) continued on gains from the previous trading session, closing at 0.70, gaining 0.01 or 1.45% on over 1.2 Million shares. The Company reported it will complete a US$65 million revolving credit facility with Oklahoma based, F&M Bank.
Red Fork Energy has a large landholding in Oklahoma with leasehold and held by production acreage covering both proven producing oil and gas fields as well as highly prospective development acreage. The Company has positioned itself in one of the premier on-shore United States horizontal oil resource plays, with a large and growing acreage position in the heart of the exciting Mississippi Lime oil and liquids rich gas play.
Samson Oil & Gas Limited (ASX SSN) closed at 0.0310, unchanged on over 1.5 Million shares. The company requested a halt trading. According to the release : “Pursuant to Listing Rule 17.1 Samson Oil & Gas Limited (Company) requests an immediate trading halt to be granted in relation to the Company’s shares (ASX code : SSN), I advise that:
- The trading halt is necessary for the Company to make an announcement to the market in relation to proposed capital raisings
- The trading halt is requested until the earlier of 7.00am AWST on Friday 22 March 2013 and the release of an announcement in relation to the proposed capital raisings referred to above."
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