Samson Oil & Gas Issues Update South Prairie Project

Samson Oil & Gas Limited

advises on the following operations: South Prairie Project (Samson 25% non-operated working interest) The Matson #3-1 well, which is the first well to be drilled in the South Prairie Project in Ward County, ND, was spud today and is drilling at a depth of 620' as of 6 a.m. this morning. The Matson #3-1 well will be drilled to a total depth of 4,900 feet to test a 420 acre 4-way structural closure in the Glenburn zone of the Mississippian Mission Canyon Formation. The Glenburn zone has produced over 2.5 million barrels of oil just 2 miles to the northeast from a similar type of trap at South Glenburn Field.