movement ,whats hapening, page-2

Report, just copied
Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that the Gene #1-22H as at
0600 hours CST Sunday, February 7th was drilling ahead at 11,784 feet (measured depth) within
the primary target the Bakken Formation, having drilled the first 237 feet of the 5,500 foot lateral.
Previously the well was drilled to a depth of 11,547 feet (measured depth) where 7 inch casing was
run and cemented at 11,528 feet (measured depth).
The forward plan is to drill the well horizontally to a measured depth of 17,060 feet,(true vertical
depth of 11,239 feet) where a casing liner, equipped with external casing packers will be run such
that the middle Bakken Formation can be fracture stimulated sequentially along the full extent of
the 5,500 foot horizontal section.
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$0.27 per ADS on February 5th 2010 the company has a current market capitalization of
approximately US$ 15.8 million. Correspondingly, based on the ASX closing price of A$0.016 on
February 5th, 2010, the company has a current market capitalization of A$18.7 million.