Samson Oil & Gas Lodges Form 10-Q for the Quarter Ended March 31, 2014

DENVER & PERTH, Australia--()--Samson Oil & Gas Limited (ASX: SSN, NYSE AMEX: SSN) advises that it has filed its 31 March 2014 Quarterly Report on Form 10-Q in the U.S. The report is now 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 New York Stock Exchange MKT under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 2,837 million ordinary shares issued and outstanding (including 230 million options exercisable at AUD 3.8 cents), which would be the equivalent of 141.85 million ADSs. Accordingly, based on the NYSE MKT closing price of US$0.30 per ADS on May 9th, 2014 the Company has a current market capitalization of approximately US$43.8 million (the options have been valued at an exchange rate of 0.9362). Correspondingly, based on the ASX closing price of A$0.017 for ordinary shares and a closing price of A$0.006 for the 2017 options, on May 9th, 2014, the Company has a current market capitalization of approximately A$49.6 million.

SAMSON OIL & GAS LIMITED

 

TERRY BARR

Managing Director

Statements made in this press 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 prospectus and prospectus supplement for its recent Rights Offering as well as the Company's report to the U.S. Securities and Exchange Commission on Form 10-K, which are available at www.sec.gov/edgar/searchedgar/webusers.htm.

Contacts

Samson Oil & Gas Limited
Terry Barr, CEO, 303 296 3994 (US office)
US cell: 970 389 5047

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Contacts

Samson Oil & Gas Limited
Terry Barr, CEO, 303 296 3994 (US office)
US cell: 970 389 5047