Samson Oil & Gas Operational Advisory

Samson Oil & Gas

provides operational advice. Drilling Rig Contract

As previously advised on 20th March, 2012 Samson has contracted Frontier Rig 24 for 18 months; the manufacture of this rig has been delayed and is now due for completion in early November 2012 rather than August 2012 as previously advised in the Company's March 2012 Quarterly Report on Form 10Q. Negotiations are ongoing with industry participants to take up available drilling slots on this rig during the contracted period.