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

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

Business Wire

PERTH, Australia -- March 25, 2013

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      8 April 2013
New Options (Rights)
Prospectus and Entitlement and Acceptance Forms              9 April 2013
Last day for acceptance and payment (Closing Date)           30 April 2013
New Shares and New Options quoted on ASX on deferred         1 May 2013
settlement basis
Issue of New Shares / New Options and despatch of            6 May 2013
holding statements
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

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 for further information.

For and on behalf of the Board

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

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


Samson Oil & Gas Limited
Terry Barr, CEO
303-296-3994 (US office)
970-389-5047 (US cell)
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