Samson Oil & Gas to Present at the 2007 Oil & Gas Investment Symposium Hosted by the Independent Petroleum Association of America.

DENVER -- Samson Oil & Gas Limited (ASX:SSN) (OTC:SAEZF), an Australian oil and gas company holding an extensive portfolio of exploration and development properties in the Rocky Mountains region, announced today that it is scheduled to present at the Oil & Gas Investment Symposium (OGIS) in Boca Raton, Florida on Wednesday, February 7th at 3:35 p.m. The company's President and CEO Terry Barr will present a corporate overview, highlighting recent accomplishments and outlining growth opportunities to members of the investment community and energy industry executives. A copy of the company's presentation materials is available at the company's website at http://www.samsonoilandgas.com/investorrelations.asp.

The conference, organized by the Independent Petroleum Association of America (IPAA), is being held on February 6th-8th, 2007 at the Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida 33432. IPAA is a national trade association serving the exploration and production segment of the energy industry. OGIS Small Cap is an outlet for publicly traded independent producers and service and supply companies with market caps of up to $1 billion, representing some of the fastest growing independent oil and gas companies in the US. For more information on the event, please visit http://www.ipaa.org/meetings/200702-OGISSmallCap.php.

About Samson Oil & Gas:

Samson Oil & Gas Limited, listed on Australian Stock Exchange and headquartered in Denver, CO, is an oil and gas company holding extensive exploration and development acreage in the US. The company's primary focus has been in the Rocky Mountains region, including Wyoming, New Mexico and Oklahoma, which has become the frontier for gas and oil exploration in the US.

Forward-looking statements:

Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "forecast," "anticipate," "plan," or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Although the company believes the expectations reflected in such forward-looking statements including reserves estimates, production forecasts, feasibility reports and economic evaluations are based on reasonable expectations and assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include without limitation financial performance, oil and gas prices, drilling program results, regulatory changes, changes in local or national economic conditions and other risks detailed in the company's other communications with shareholders and periodic filings with the Australian Stock Exchange authorities.