SAMSON OIL & GAS OPERATIONAL ADVISORY Denver 1700 hours October...

SAMSON OIL & GAS OPERATIONAL ADVISORY

Denver 1700 hours October 21st
, 2013, Perth 0700 hours October 22nd
, 2013


NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA


Little Creature 1-15-14H (SSN WI 27.7%)

Little Creature 1-15-14H has been drilled to a kick off point at 10,410 feet. The rig is currently
tripping out of the hole to pick up the drilling curve assembly to drill the curve portion of the well.
The forward plan is to drill the curve and land in the Middle Bakken Formation at approximately
11,120 feet. An intermediate 7 inch casing will be set and cemented prior to drilling the lateral
portion of the well bore in the Middle Bakken Formation to a measured depth of approximately
19,668 feet.


Blackdog 3-13-14H (SSN WI 25.03%)

Following the completion of Little Creature well, it is currently planned that the Frontier 24 rig will
move back to the Tofte 1 pad and drill Blackdog. This well will be a middle Bakken lateral and is
expected to follow the previously planned Swan trajectory that is the infill location between the
Rodney 1-14H well (SSN WI 27.18%) and the Sail and Anchor 1-13-14HBK well (SSN WI 25.03%).


Billabong 2-13-14HBK (SSN WI 25.03%)

Key Energy Services Rig 370 is continuing workover operations on the Billabong 2-13-14HBK well.
To date, the rig has successfully recovered approximately 28% of the drill pipe that was cemented
in the hole. Operations will continue to remove the drill pipe using the wash-over assembly
method.