0001144204-08-050191 Sample Contracts

ISDA® International Swaps and Derivatives Association, Inc. dated as of 30 August 2006
Master Agreement • August 28th, 2008 • Samson Oil & Gas LTD • Drilling oil & gas wells

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this 2002 Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties or otherwise effective for the purpose of confirming or evidencing those Transactions. This 2002 Master Agreement and the Schedule are together referred to as this “Master Agreement.”

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ISDA® International Swaps and Derivatives Association, Inc. SCHEDULE to the
Samson Oil & Gas LTD • August 28th, 2008 • Drilling oil & gas wells • New York

established as a company with limited liability with Australian Business Number 46 008 583 542 under the laws of Australia acting through its branches in Sydney and London established as a corporation under the laws of Colorado

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • August 28th, 2008 • Samson Oil & Gas LTD • Drilling oil & gas wells

Samson Oil and Gas USA, 1726 Cole Blvd, Suite 210, Lakewood, Colorado 80401, (“Seller”) and Kaiser-Francis Anadarko Limited Partnership, 6733 S. Yale Ave., Tulsa, Oklahoma 74136, (“Buyer”) enter into this Purchase and Sale Agreement (this “Agreement”) in consideration of Seller’s agreement to sell and Buyer’s agreement to buy certain properties described in this Agreement pursuant to the terms and conditions hereinafter set forth:

EMPLOYMENT AGREEMENT
Employment Agreement • August 28th, 2008 • Samson Oil & Gas LTD • Drilling oil & gas wells • Colorado

THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of April 1, 2008 (the “Effective Date”), by and between Samson Oil and Gas USA, Inc., a Colorado corporation (“Company”), and David Ninke (“Employee”).

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