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Samson Oil & Gas Advisory

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 MKT 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 prior to December 31 2012, at AUD 1.5 cents). As at December 28 th, total issued ordinary shares was 1,908 million (equivalent to 95.4 million ADSs) and 88 million outstanding 1.5 cent options. Accordingly, based on the NYSE MKT closing price of US$0.645 per ADS on December 28 th, 2012 the Company has a current market capitalization of approximately US$62 million. (Excluding the value of the outstanding options) Correspondingly, based on the ASX closing price of A$0.031 on December 28th, 2012, the Company has a current market capitalization of A$59 million (Excluding the value of the outstanding options).

For and on behalf of the board of

SAMSON OIL & GAS LIMITED
 

TERRY BARR
Managing 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,” “calculate,” “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, including exploratory wells, development wells and workovers. Estimates of contingent recoverable volumes of oil or gas from planned but undrilled exploration projects are inherently uncertain and dependent on various contingencies that are outside the control of Samson.

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