announcement out - oil saturated.

Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) advises that the horizontal 6 and 1/8 inch lateral for its Defender US 33 #2-29 H well has been drilled to a measured depth of 11,089 feet. This depth is the total depth for the well. The horizontal lateral was drilled within the Niobrara ?B? zone for the entire horizontal distance drilled, recording resistivity measurements of 100+ ohms for the majority of the well. Open-hole logging and conventional core analysis from the vertical pilot hole indicate that the Niobrara ?A? & ?B? zones are both very brittle carbonate sections that appear to be oil saturated.