Samson advises # 1-13 H oil & gas on the Earl well

DENVER & PERTH, Australien-(BUSINESS WIRE)--Samson oil & gas limited (ASX: SSN.ax - News) (NYSE AMEX: SSN) advises fracture stimulation operations at the Earl # 1-13 H at all 20 pumped have completed. The stimulation placed 2.1 million pounds Proppant. Flow back operations are due to start in 24 hours after the flow-back equipment is moved from the Rodney locations.

Samson's ordinary shares are traded on the Australian Stock 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 ordinary full into144 shares of Samson. Samson has spent a total of 1,996 million ordinary shares and outstanding (including 271 million options exercisable AUD 1.5 cents), what would be the equivalent of 99.8 million ADS. Accordingly, based on the NYSE AMEX closing price of US$ 3.45 per show on 12 April 2011 the company has a current market capitalisation of around 344 million US$. Accordingly, based on the ASX closing price of a$ 0.175 on 12 April 2011, the company has a current market capitalization of $ a 344 million. The options for the view of the inclusion in the calculation of US$ market capitalization in US$ have been translated at the current exchange of 1.04725 and on 12 April 2011 to its closing price of a 0.16 US evaluated.

For and on behalf of Member of the Board
SAMSON OIL & GAS LIMITED

TERRY BARR
Managing Director

Statements in this press release or related announcements, which be can are not historical facts forward as "can", "believe", "expect," "expect", "should" or "." to statements from, including but not limited to statements with words

Actual results can the projected in any forward-looking statement significantly differ. There are a number of important factors could the actual results of the expected or estimated forward looking information differ.

A description of risks and uncertainties, which are usually attendant Samson and his industry, as other factors, the Samson's influence financial results could in the company's registration statement and report to the U.S. Securities and Exchange Commission contained 20-F on form, as amended, a copy of which is available at sec.gov/edgar/searchedgar/webusers.htm.

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