DENVER & PERTH, Australia--(BUSINESS WIRE)--EnerCom Conference - Samson Oil & Gas Limited (ASX:SSN);(NYSE AMEX:SSN) advises that it will be presenting to delegates attending “The 2011 Oil and Gas ConferenceTM” being held in Denver August 15th-18th. The written presentation has been posted on Samson’s website, www.samsonoilandgas.com.
The presentation is scheduled for August 15th at 4.25 pm MST (Perth, August 16th 6.25 am WST) and is being webcast at the link:
http://www.investorcalendar.com/CEPage.asp?ID=165322
DEFENDER US33 #2-29H, GOSHEN COUNTY, WYOMING, SAMSON 37.5% WORKING INTEREST
The rig up of the Evergreen 22 rig at the Defender location has been completed, and drilling operations are expected to commence today at 6pm MST.
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 AMEX under the symbol "SSN". Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,996 million ordinary shares issued and outstanding (including 253 million options exercisable at AUD 1.5 cents), which would be the equivalent of 99.8 million ADSs. Accordingly, based on the NYSE AMEX closing price of US$2.37 per ADS on August 12th, 2011 the company has a current market capitalization of approximately US$230 million. Correspondingly, based on the ASX closing price of A$0.11 on August 12th, 2011, the company has a current market capitalization of A$215 million. The options have been valued at their closing price of A$0.093 on August 11th, 2011 and translated to US$ at the current exchange of 1.029 for the purposes of inclusion in the US$ market capitalization calculation.
| For and on behalf of the board of |
|
SAMSON OIL & GAS LIMITED |
|
TERRY BARR |
| Managing Director |
Statements made in the presentation that is available on Samson’s website 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 20-F, a copy of which is available at www.sec.gov/edgar/searchedgar/webusers.htm.