SAMSON OIL & GAS TO PRESENT AT ENERCOM DALLAS 2017

Denver 1700 hours March 1st, 2017, Perth 0800 hours March 2nd, 2017

Samson is presenting to delegates attending Enercom Dallas.

Samson's presentation is scheduled for Thursday March 2nd at 8.00 am CT. The presentation is being webcast and is available at the following link:

http://www.enercomdallas.com/webcast/ssn/

The presentation will also be available through the conference website and the Samson website:

http://www.samsonoilandgas.com/irm/content/default.aspx

Samson's Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange MKT under the symbol "SSN". Each ADS represents 200 fully paid Ordinary Shares of Samson. Samson has a total of 3,282 million ordinary shares issued and outstanding (including 230 million options exercisable at AUD 3.8 cents), which would be the equivalent of 16.41 million ADSs. Accordingly, based on the NYSE MKT closing price of US$0.55 per ADS on March 1st, 2017, the Company has a current market capitalization of approximately US$9.0 million (the options have been valued at an exchange rate of 0.77). Correspondingly, based on the ASX closing price of A$0.004 for ordinary shares and a closing price of A$0.001 for the 2017 options, on March 1st, 2017, the Company has a current market capitalization of approximately A$13.1 million.

For further information please contact, Terry Barr, CEO on 303 296 3994 (US office)

SAMSON OIL & GAS LIMITED TERRY BARR

Managing Director

Statements made in this press release that are not historical facts may be forward looking statements, including but not limited to statements using words like "may", "believe", "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 prospectus and prospectus supplement for its recent Rights Offering as well as the Company's report to the

U.S. Securities and Exchange Commission on Form 10-K, which are available at www.sec.gov/edgar/searchedgar/webusers.htm.

Samson Oil & Gas USA

1331, 17th Street, Suite 710, Denver Colorado 80202 Tel + 1 303 295 0344 Fax + 1 303 295 1961

Samson Oil & Gas Limited

Level 16, AMP Building, 140 St Georges Terrace, Perth Western Australia 6000 / PO Box 7654, Cloisters Square Perth Western Australia 6850

Tel + 61 8 9220 9830 Fax + 61 8 9220 9820 ABN 25 009 069 005 ASX Code SSN

Unconventionally Conventional

March 1, 2017

Disclaimer

NYSE: SSN

ASX: SSN

This presentation contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the Company's current views with respect to future events and financial performance as of this date. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors.

For a summary of events that may affect the accuracy of these projections and forward-looking statements, see "Risk Factors" in our Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission (the "SEC").

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About Samson Oil & Gas

  • 53,035 net acres in Williston Basin

  • 98% HBP

    Foreman Butte Project

  • Conventional oil assets

    with established production

    Paradox Basin Project

    ASX: SSN

  • Producing 1,135 BOEPD (gross operated)

    NYSE: SSN

  • Growth potential from pump optimization, fresh water cleanouts and drilling identified PUD locations

Key Statistics

Shares Outstanding

16.1 MM

Market Capitalization (01/06/2017)

$11.0 MM

Enterprise Value (Pro Forma 01/06/2017)

$40.7 MM

Debt (Pro Forma 12/31/2016)

$23.0 MM

Average Daily Production (Q3'16)

880 BOEPD

Proved Reserves (12/31/ 2016)

9,728 MMBOE

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Samson Oil & Gas Limited published this content on 02 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 March 2017 07:33:18 UTC.

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