Samson Oil and Gas Halts Trading Before Announcing Efforts to Raise Capital

May 2, 2010: Samson to offer shares at 3.4 cents (Australian)/share to raise $4 million (Australian). Go to link to sort it out; US dollars and Australian dollars are near par. Samson's immediate Bakken drilling program will include three wells: Gary 1-20H (31% WI, to spud May 25); Rodney 1-14H (26% WI, to spud in August); and, the Earl 1-13H (31% WI, to spud in September).

Samson Oil and Gas halts trading in anticipation of announcing efforts to raise capital. The halt in trading is expected to last through May 3, 2010.