update

SAMSON OIL & GAS OPERATIONAL ADVISORY
Denver 1700 hours August 30th, 2012, Perth 0700 hours August 31st, 2012
Samson Oil & Gas Limited (ASX: SSN; NYSE AMEX: SSN) provides operational advice.
HAWK SPRINGS PROJECT, GOSHEN COUNTY, WYOMING Spirit of America US34 #2-29, (SSN 100% WI)
The fishing operations on the well have been completed and the well is set up for hydraulic fracture stimulation operations. The stimulation plan is to place 57,500 pounds of proppant in the two remaining frac stages with in the Permian section of the well.
Defender US33 #2-29H, (SSN 37.5% working interest)
The well was put back on rod pump on August 23rd after extensive periods of testing and evaluation. Over the last week, the well has produced on average 75 BOPD with the pump jack speed set on a very low setting (4.25 strokes per minute) to help minimize disruptions from gas production. Over the next few months the evaluation will continue and a decision made if it is appropriate to increase the pump speed.
The Defender well is the first well in Samson’s Hawk Springs project to benefit from the latest technology providing a better understanding of the reservoir as a result of extensive testing and evaluation.