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Thursday, 08/08/2013 9:34:55 PM

Thursday, August 08, 2013 9:34:55 PM

Post# of 2188
DENVER & PERTH, Australia--(BUSINESS WIRE)--

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN) provides an operational advisory.

NORTH STOCKYARD PROJECT, WILLIAMS COUNTY, NORTH DAKOTA

Billabong 2-13-14HBK well

Following the completion of the lateral to its planned total depth of 17,613 feet, a 4 ½ inch production liner was run and cemented. During the cementing operation, the cement contractor’s pumping equipment broke down for a period of time, which resulted in the drill pipe being used to run the liner becoming stuck. The drill string was backed off at a free point of 8,972 feet and recovered, leaving 1,800 feet of drill pipe cemented in the hole. Fishing operations to retrieve the drill pipe are proceeding. While those operations are currently utilizing the Frontier 24 drilling rig, that rig is expected to be mobilized early next week to the Tofte 2 pad in preparation to drill the Tooheys well. From that point, fishing operations for any drill pipe left in the Billabong wellbore will utilize a work over rig, which is more cost effective than the drilling rig.

The Tooheys well is targeting the middle Bakken and is planned as a 6,100 foot lateral.

About Samson Oil & Gas Limited .......Yadda, yadda, yadda...

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