Samson Oil & Gas Provide Operational Advice

The Look Out Wash 30-31 well was drilled to a total depth of 11,527 feet, and has been logged in preparation of running production casing. Logs indicate that net pay has been intersected in the three zones that returned substantial gas shows, with a total pay count of 45 feet which exceeds the pre drill estimate. Samson’s shares (ASX:SSN) are not currently traded on United States securities markets. While Samson has filed a registration statement with the U.S. Securities and Exchange Commission on Form 20-F, Samson’s shares will not begin trading in the United States until the American Stock Exchange approves the listing of Samson’s American Depository Shares, each of which will represent 20 fully paid Ordinary Shares of Samson. For and on behalf of the board of SAMSON OIL & GAS LIMITED TERRY BARR Managing Director For further information please contact, Terry Barr, CEO on 303 295 3994 (US office) or 970 389 5047 (US cell) Statements made in this release that are not historical facts may be forward looking statements, including but not limited to statements using words like "may”, "believe”, "expect”, "anticipate”, "should” or "will”. Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that could cause actual results to differ materially from those anticipated or estimated by any forward looking information. In particular, Samson understands that the Operator of Lookout Wash field will complete and produce the well according to the most recent advice, the results and the timing of this well may vary from current expectations since various factors, including but not limited to equipment availability or breakage or other unanticipated difficulties could delay those events and change those expectations. A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could affect Samson’s financial results, are included in the Company's registration statement and report to the Securities and Exchange Commission on Form 20-F, which is available at www.sec.gov/edgar/searchedgar/webusers.htm.