Samson Oil & Gas Limited (ASX Code: SSN) Non Renounceable Rights Offer Timetable

Samson Oil & Gas Limited (“Samson” or “the Company”) (ASX: SSN) (NYSE MKT: SSN) advises of the timetable for a non renounceable rights offer announced to the ASX on Friday 22 March 2013.

The timetable is as follows:
Event         Date
Announcement of Offer         22 March 2013
Record Date to determine entitlements to New Shares and New Options ( Rights)         8 April 2013
Prospectus and Entitlement and Acceptance Forms despatched         9 April 2013
Last day for acceptance and payment ( Closing Date)         30 April 2013
New Shares and New Options quoted on ASX on deferred settlement basis         1 May 2013
Issue of New Shares / New Options and despatch of holding statements         6 May 2013
Trading in New Shares and New Options commences         9 May 2013

Shareholder Briefings

The Company plans to conduct a series of shareholder briefings in relation to the non renounceable offer in Sydney, Melbourne and Perth on the following dates:
Sydney:         3.00pm (AEST) Wednesday 3 April 2013
Melbourne: 3.00pm (AEST) Friday 5 April 2013
Perth: 3.00pm (AWST) Monday 8 April 2013

For shareholders and investors wishing to attend, please email contact@samsonoilandgas.com.au for further information.
For and on behalf of the Board

SAMSON OIL & GAS LIMITED
 

DENIS RAKICH
Company Secretary

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any of Samson’s securities, nor shall there be any offer or sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of the jurisdiction. The securities proposed to be issued in the Rights Offering will not be sold and offers to buy those securities will not be accepted until they are included in an effective registration statement filed with the U.S. Securities and Exchange Commission.

Statements made herein that are not historical facts may be forward looking statements, including but not limited to statements using words like “may”, “believe”, “intend”, “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.

A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could affect Samson’s financial results, are included in the Company's report to the U.S. Securities and Exchange Commission on Form 10-K, a copy of which is available at www.sec.gov/edgar/searchedgar/webusers.htm.

Samson’s ordinary shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's ADSs are traded on the New York Stock Exchange MKT under the symbol "SSN". Each ADS represents 20 fully paid ordinary shares. Samson has a total of 2,100 million ordinary shares issued and outstanding, which would be the equivalent of 105 million ADSs. Accordingly, based on the NYSE MKT closing price of US$0.52 per ADS on March 25th, 2013, the Company has a current market capitalization of approximately US$54 million. Correspondingly, based on the ASX closing price of A$0.023 on March 25th, 2013, the Company has a current market capitalization of A$48 million.

Copyright Business Wire 2010

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