Samson Oil & Gas Presents To Enercom’s SFO Conference

Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) advises that it is presenting to the delegates attending Enercom’s “The Oil & Services Conference”™ in San Francisco on Tuesday February 21 ^st at 1445 hours WST (USA) which is February 22 ^nd at 0945 hours EST (AUS).

The presentation is being webcast and the link is as follows:

http://www.investorcalendar.com/CEPage.asp?ID=167370

The presentation will also be made available on Samson’s website.

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 246 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$2.39 per ADS on February 17, 2012 the Company has a current market capitalization of approximately US$232 million. Correspondingly, based on the ASX closing price of A$0.105 on February 17, 2012, the Company has a current market capitalization of A$200 million. The options have been valued at their closing price of A$0.088 on February 17, 2012, and translated to US$ at the current exchange of 1.07 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 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, including uncertainties inherent in estimating the methods, timing and results of exploration activities.

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