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Samson Oil & Gas Operational Advisory

Source: www.gulfoilandgas.com 7/29/2013, Location: North America

NORTH STOCKYARD PROJECT (Samson 50% operated working interest)

Samson Oil & Gas Limited advises that it is presently drilling ahead in the lateral portion of the Billabong 2-13-14HBK well at a depth of 13,850 MD. Gas levels have remained at over 2000 units and abundant oil staining has been observed in samples while drilling the Middle Bakken silty sandstone. The forward plan is to continue to drill to a measured depth of 17,663 feet, run and cement the 4 production liner, and then fracture stimulate the Billabong 2-13-14HBK and Sail & Anchor 4-13-14HBK wells together.

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