Samson Oil & Gas To Present At London Enercom Conference

Webcast link in the fourth graph of release dated June 12, 2012 should read: http://www.investorcalendar.com/IC/CEPage.asp?ID=168734&CID= (sted http://www.investorcalendar.com/CEPage.asp?ID=167998).

The corrected release reads:

SAMSON OIL & GAS TO PRESENT AT LONDON ENERCOM CONFERENCE

Samson Oil & Gas Limited (ASX: SSN)(NYSE AMEX: SSN) advises that its CFO, Robyn Lamont, will be presenting to delegates attending the 2012 EnerCom Conference being held in London June 13-14.

Ms. Lamont’s presentation will also be posted on Samson’s website, www.samsonoilandgas.com.

The presentation is scheduled for Thursday, June 14 ^th at 4:25 am EST (USA), which is equivalent to June 14 ^th, 4:25 pm WST (AUS), June 14 ^th, 9:25 am London and is being webcast at the link:

Webcast Link: http://www.investorcalendar.com/IC/CEPage.asp?ID=168734&CID=

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 253 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$1.67 per ADS on June 12th, 2012 the company has a current market capitalization of approximately US$162 million. Correspondingly, based on the ASX closing price of A$0.081 on June 12th, 2012, the company has a current market capitalization of A$159 million. The options have been valued at their closing price of A$0.066 on June 12 ^th, 2012 and translated to US$ at the current exchange of .9898 for the 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.”

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