May 12 (Reuters) - Samson Oil And Gas Ltd SSN.AX :
* Purchase and sale agreement State GC
* Entered into purchase & sale agreement with respect to its state GC assets in new Mexico with a private U.S. based energy company
* Sale price of these assets is $1.2 million
* Samson oil and gas ltd says funds received will be used to pay down Samson's current facility with mutual of Omaha Source text for Eikon: ID:nASXbmxbPD Further company coverage: SSN.AX