Samson Oil & Gas Lodges Quarterly Report

Samson Oil & Gas Limited (ASX: SSN) (NYSE AMEX: SSN) advises that it has filed its Interim Financial Report for the Half Year Ended 31 December 2011 and its December 2011 Quarterly Report on Form 10-Q. Both reports are now available on the Company’s website:

www.samsonoilandgas.com

Samson’s Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange AMEX under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,996 million ordinary shares issued and outstanding (including 245 million options exercisable at AUD 1.5 cents), which would be the equivalent of 99.8 million ADSs. Accordingly, based on the NYSE AMEX closing price of US$2.13 per ADS on February 9 ^th, 2012 the Company has a current market capitalization of approximately US$208.2 million. Correspondingly, based on the ASX closing price of A$0.098 on February 9 ^th, 2012, the Company has a current market capitalization of A$191.7 million. The options have been valued at their closing price of A$0.082 on February 9 ^th, 2012 and translated to US$ at the current exchange of 1.08 for purposes of inclusion in the US$ market capitalization calculation.

For and on behalf of the board of SAMSON OIL & GAS LIMITED

TERRY BARRManaging Director

Statements made in the presentation that is available on Samson’s website 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, including uncertainties inherent in estimating the methods, timing and results of exploration activities.