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 231 million options exercisable at AUD 1.5 cents), which would be the equivalent of 88.25 million ADSs. Accordingly, based on the NYSE AMEX closing price of US$1.15 per ADS on July 24th, 2012 the Company has a current market capitalization of approximately US$111 million. Correspondingly, based on the ASX closing price of A$0.057 on July 24th, 2012, the Company has a current market capitalization of A$110 million. The options have been valued at their closing price of A$0.039 on July 24th, 2012 and translated to US$ at the current exchange of 1.0304 for purposes of inclusion in the US$ market capitalization calculation.For and on behalf of the board of SAMSON OIL & GAS LIMITED
Samson Oil & Gas Operational Advisory
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