Tulsa-based Samson Investment Co. completes offer of PYR shares

Journal Record, The (Oklahoma City), May 29, 2007

Samson Investment Co. on Friday announced the successful completion of its tender offer for all of the outstanding shares of PYR Energy Corp. common stock for $1.30 per share in cash.

The offer expired at midnight, eastern time, Thursday, at which time a total of 25,096,856 shares of PYR common stock had been tendered and not withdrawn. Samson Acquisition Corp. has accepted all of the tendered shares for payment.

Following purchase of the tender shares, Acquisition Corp. will own in excess of 75 percent of the outstanding PYR common stock.

Samson Investment Co., headquartered in Tulsa, is a large privately held corporation engaged in oil and gas exploration, acquisition and production operations in 18 states in the United States, Canada, and the North Sea.