deal closed, page-8

http://www.samsonoilandgas.com/irm/Company/ShowPage.aspx?CPID=1184&EID=44455732

Closure of Goshen County Sale Transaction
Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that it has closed on the first sale of 19,451 acres of its Denver-Julesberg Basin acreage interests in Goshen County, Wyoming, for US$63.7 million in cash, which amount includes the US$10 million deposit previously received by Samson from the Buyer. A second closing is scheduled for the week beginning September 20th. At the second closing, Samson will sell, at the same price per acre, 1,920 acres associated with approved drilling permits, valued at US$6.288 million.