liner now set on gene

These guys dont muck around..

TCG

SAMSON OIL & GAS ADVISES LINER SET ON THE GENE #1-22H WELL
Denver 1700 hours February 16th, 2010 Perth 0700 hours February 17th, 2010
Gene #1-22H (30.6% working interest)
Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that the production liner has
been run in the Gene #1-22H.
The drilling rig is preparing to be released this afternoon (February 16th CST); the cost of the
drilling and completion operation is expected to be under budget due to the trouble free operation.
The well will now be scheduled to be fracture stimulated, though the precise timing is uncertain.
Samsons Ordinary Shares are traded on the Australian Securities Exchange under the symbol
"SSN". Samson's American Depository Shares (ADSs) are traded on the New York Stock
Exchange AMEX under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of
Samson. Samson has a total of 1,169 million ordinary shares issued and outstanding, which would
be the equivalent of 58.5 million ADSs. Accordingly, based on the NYSE AMEX closing price of
US$0.48 per ADS on February 16th 2010 the company has a current market capitalization of
approximately US$ 28.1 million. Correspondingly, based on the ASX closing price of A$0.028 on
February 16th, 2010, the company has a current market capitalization of A$33.9 million.
For and on behalf of the board of
SAMSON OIL & GAS LIMITED
TERRY BARR
Managing Director
Statements made in the presentation that is available on Samsons website that are not historical facts may be forward looking
statements, including but not limited to statements using words like may, believe, expect, anticipate, should or will.
Actual results may differ materially from those projected in any forward-looking statement. There are a number of important factors that
could cause actual results to differ materially from those anticipated or estimated by any forward looking information, including
uncertainties inherent in estimating the methods, timing and results of exploration activities.
A description of the risks and uncertainties that are generally attendant to Samson and its industry, as well as other factors that could
affect Samsons financial results, are included in the Company's registration statement and report to the U.S. Securities and Exchange
Commission on Form 20-F, as amended, a copy of which is available at www.sec.gov/edgar/searchedgar/webusers.htm.
For further information please contact, Terry Barr, CEO on
303 296 3994 (US office) or 970 389 5047 (US cell)