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DENVER & PERTH, Australia–(BUSINESS WIRE)–Samson Oil & Gas Bound (ASX: SSN; NYSE MKT: SSN):



Auction of State GC assetsFurther to the advertisement fabricated on May 8th, 2017, Samson advises that it has entered into a Purchase and Auction acceding with account to its State GC assets in New Mexico with a clandestine US based activity company. The auction amount of these assets is $1.2 million. The auction will be able May 1, 2017 and is accepted to abutting on May 24th, 2017. The funds accustomed will be acclimated to pay bottomward Samson’s accepted ability with Mutual of Omaha but will be accessible for redraw.

SAMSON OIL & GAS LIMITED

TERRY BARRManaging Director



Statements fabricated in this columnist absolution that are not absolute facts may be advanced statements, including but not bound to statements application words like “may,” “believe,” “expect,” “anticipate,” “should” or “will.” Absolute after-effects may alter materially from those projected in any advanced statement. There are a cardinal of important factors that could account absolute after-effects to alter materially from those advancing or estimated by any advanced information, including uncertainties inherent in ciphering the methods, timing and after-effects of analysis activities. A description of the risks and uncertainties that are about accessory to Samson and its industry, as able-bodied as added factors that could affect Samson’s banking results, are included in the announcement and announcement supplement for its contempo Rights Offering as able-bodied as the Company’s address to the U.S. Securities and Exchange Commission on Form 10-K, which are accessible at www.sec.gov/edgar/searchedgar/webusers.htm.

Samson’s Accustomed Shares are traded on the Australian Securities Exchange beneath the attribute “SSN.” Samson’s American Depository Shares (ADSs) are traded on the New York Stock Exchange MKT beneath the attribute “SSN.” Each ADS represents 200 absolutely paid Accustomed Shares of Samson. Samson has a absolute of 3,283 actor accustomed shares issued and outstanding, which would be the agnate of 16.41 actor ADSs. Accordingly, based on the NYSE MKT closing amount of US$0.46 per ADS on May 11th, 2017, the Aggregation has a accepted bazaar assets of about US$7.5 million. Correspondingly, based on the ASX closing amount of A$0.003 for accustomed shares on May 11th, 2017, the Aggregation has a accepted bazaar assets of about A$9.8 million.

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