SSN 0.00% 1.5¢ samson oil & gas limited

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    SAMSON OIL & GAS OPERATIONAL ADVISORY

    Denver 1700 hours January 20th, 2014, Perth 0700 hours January 21st, 2014

    NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA

    Blackdog 3-13-14H (SSN WI 25.03%)
    Frac operations in the Blackdog well are expected to commence on January 30th. Following the
    completion of the stimulation treatment, a coil tubing unit will be used to drill out the frac plugs in
    both the Blackdog and Sail and Anchor 1-13-14HBK wells (SSN WI 25.03%). These wells are
    located on the Tofte 1 pad, which is on the southern boundary of Section 13 within the North
    Stockyard project. Sail and Anchor was fracked in September 2013 and has been flowed back
    previously, though that prior flow back is believed to have been restricted by the frac plugs.

    Tooheys 4-15-14HBK (SSN WI 27.7%)
    Flow-back operations on this well is scheduled to commence January 23rd
    .

    Coopers 2-15-14HBK (SSN WI 27.7%)
    Flowback of Coopers well will follow the flowback of Tooheys 4-15-14HBK.

    Little Creature 3-15-14HBK (SSN WI 27.7%),
    Flowback of Little Creature well will follow the flowback of Coopers 2-15-14HBK.

    Rennerfeldt 2-13-H (SSN WI 25.03%)
    The Rennerfeldt 2-13-HBK well was spud on January 10th
    and drilled to 2,450 feet, where the
    surface casing string was set and cemented. The Frontier 24 rig was then skidded over to the
    Rennerfeldt 1-13-HBK well.

    Rennerfeldt 1-13-H (SSN WI 25.03%)
    Surface casing was set and cemented at 2,470 feet and currently a 8.75 inch vertical hole is being
    drilled at a depth of 9,013 feet. The forward plan is to drill to the kick off point, build curve and set
    7” casing. The rig would then skid back to Rennerfeldt 2-13H and drill that well’s 8.75 inch hole
 
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