Samson Oil & Gas Presents to Sidoti Conference

DENVER & PERTH, Australia--(BUSINESS WIRE)--Samson Oil & Gas Limited (ASX: SSN)(NYSE MKT: SSN) is presenting to delegates attending the Sidoti & Company Annual New York Micro-Cap Conference on Monday January 7^th at 2:10 pm EST provides operational advice on its current projects.

The presentation is available on the Company’s website, www.samsonoilandgas.com.

Samson’s Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN." Samson's American Depository Shares (ADSs) are traded on the NYSE MKT under the symbol "SSN." Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,986 million ordinary shares issued and outstanding (which would be the equivalent of 99.3 million ADSs). Accordingly, based on the NYSE MKT closing price of US$0.85 per ADS on January 4th, 2013 the Company has a current market capitalization of approximately US$84 million. Correspondingly, based on the ASX closing price of A$0.04 on January 4th, 2013, the Company has a current market capitalization of A$79 million.

For and on behalf of the board of

SAMSON OIL & GAS LIMITED

TERRY BARR

Managing Director

Statements made in this release 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 Samson’s financial results, are included in the Company's report to the U.S. Securities and Exchange Commission on Form 10-K, which is available at www.sec.gov/edgar/searchedgar/webusers.htm.