Mine too Snowy!SAMSON OIL & GAS OPERATIONAL ADVISORYDenver 1700...

Mine too Snowy!

SAMSON OIL & GAS OPERATIONAL ADVISORY
Denver 1700 hours November 17th, 2011, Perth 0700 hours November 18th, 2011
HAWK SPRINGS PROJECT
Defender US33 #2-29H, Goshen County, Wyoming, Samson 37.5% working interest (carried)
Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) advises that fracture stimulation is
complete and flow back operations are underway with 17% of the frac fluid being recovered.
The Defender US33 #2-29H is the first Niobrara appraisal well in Samson’s Hawk Springs project.
Spirit of America US34 #1-29H, Goshen County, Wyoming, Samson 100% working interest
The forward plan for The Spirit of America US34 #1-29H well includes preparations for the
perforation and the fracture stimulation of the J-Sand (Muddy Formation). These plans are in an
early stage but this operation is expected to be completed within the next three to four weeks.
ROOSEVELT PROJECT
AUSTRALIA II 12KA 6 #1-29, (SSN 100%, subject to a 33.34% backin right)
The rig up operations of DHS Rig 1 are complete on Australia II 12KA 6 #1-29, and the rig was
accepted at 1800 hours on 16 November. Current operations include testing the blow out
preventer, and preparing to drill the surface casing shoe.
GRETEL II 12KA 3 #1-30H (SSN 100%, subject to a 33.34% back in right)
Surface casing has been set to a depth of 1,701 feet. Following the completion of the drilling
operations at Australia II the DHS Rig 1 will be mobilized to this location.
Both Australia II and Gretel II will be drilled initially as vertical pilot holes, where cores of the
Bakken Formation will be taken, after which a 5,000 foot lateral will be drilled in the Middle Bakken
Formation. These laterals will be fracture stimulated. Samson committed to drill these two wells as
part of its acquisition of a 20,000 acre land position with a 20,000 acre option. Samson’s land
position is subject to a 33.34% back in right by Fort Peck Energy Company.