Second Meeting Of Creditors Of Company Under Administration

Samson Oil & Gas Ltd

ACN: 009069005

ABN: 25009069005

Published: 29/10/2020

The purpose of the meeting(s) is:

  1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
  2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
    1. whether it would be in the creditors ' interests for the Company(ies) to execute a deed of company arrangement;
    2. whether it would be in the creditors ' interests for the administration to end;
    3. whether it would be in the creditors ' interests for the company to be wound up;
  3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) (c) above;
  4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
  5. to receive details of any proposed deed of company arrangement; and
  6. for the creditors of the Company(ies) to resolve that:
    1. the Company(ies) execute a deed of company arrangement; or
    2. the administration(s) should end; or
    3. the Company(ies) be wound up.

Other agenda items are:

(1) For creditors to approve the Administrators / Deed Administrators / Liquidators current and/or future remuneration.



(2) If the Company is wound up, the appointment of an alternate liquidator.



(3) If the Company is wound up, to consider and if thought fit appoint a Committee of Inspection;



(4) If the Company is wound up, to consider and if thought fit approve the destruction of the Companys books and records;



(5) To consider any other business properly brought before the meeting.

Ernst & Young

E-mail: sam.farrell@au.ey.com