June 27 (Reuters) - Samson Oil & Gas Ltd SSN.AX :
* UNIT ENTERED AGREEMENT WITH EAGLE ENERGY PARTNERS, I, FOR SALE OF FOREMAN BUTTE PROJECT FOR US$40 MILLION
* TRANSACTION WILL ALLOW SAMSON TO RETIRE ALL OF ITS DEBT, MEET ALL OTHER LIABILITIES AND RETAIN A CASH BALANCE OF ABOUT $6.7 MLN
* SAMSON WILL ALSO RETAIN A NON-OPERATED 15% WORKING INTEREST IN HOME RUN FIELD