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Contact:
David Bradford
Senior Vice President - Samson Investment Company
Telephone (918) 591-1833
SAMSON ACQUIRES CONTOUR ENERGY
Tulsa, Oklahoma (August 19, 2003) – Samson Investment
Company today announced the acquisition of Contour Energy Co.
The transaction value, including retirement of Contour’s
debt, is approximately $146 million. Contour, a privately held
exploration and production company, is active in North Louisiana,
South Louisiana and the Gulf of Mexico.
Jack Schanck, Co-CEO of Samson said, “This acquisition
is very synergistic with Samson’s existing activities in
Louisiana and solidifies Samson’s position as a significant
Ark-La-Tex player. Samson has used a balanced method of growth
in this region through both acquisitions and the drill bit. This
purchase also includes 5 fields and 6 operated platforms in the
Gulf of Mexico”.
Samson Investment Company, a Tulsa company, is engaged in oil
and gas exploration, acquisition and production operations in
the United States, Canada, Australia, Venezuela and Russia. The
Company continues to seek additional oil and gas business opportunities
both within and outside its current areas of operation. More
information regarding Samson can be found at www.samson.com.
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