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 October 30, 2015 - 5:30 PM EDT
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Samson Oil & Gas Limited Announces Results of Annual General Meeting

Pursuant to ASX Listing Rule 3.13.2, Samson Oil & Gas Limited advises on the outcome of voting on the resolutions put to shareholders at the Annual General Meeting held on 29 October 2015.

Details of the voting in regard to the resolutions (together with the information required to be given by Section 251AA of the Corporations Act) was as follows:

Resolution 1 – Re - Election of Keith Skipper as a Director

Proxy votes were as follows:

    Votes of proxies directed to vote for the resolution   :   166,602,898
Votes of proxies directed to vote against the resolution : 311,309,767
Votes of proxies directed to abstain on the resolution : 5,313,739
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 1 was defeated on a Poll. Votes were as follows:

    Votes of proxies directed to vote for the resolution   :   166,602,898
Votes of proxies directed to vote against the resolution : 311,579,767
Votes of proxies directed to abstain on the resolution : 5,313,739
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 2 – Adoption of Remuneration Report

Proxy votes were as follows:

    Votes of proxies directed to vote for the resolution   :   136,851,573
Votes of proxies directed to vote against the resolution : 318,267,011
Votes of proxies directed to abstain on the resolution : 28,107,820
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 2 was defeated on a Poll. Votes were as follows:

    Votes of proxies directed to vote for the resolution   :   136,851,573
Votes of proxies directed to vote against the resolution : 318,537,011
Votes of proxies directed to abstain on the resolution : 28,107,820
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 3 – Spill Resolution

Proxy votes were as follows:

    Votes of proxies directed to vote for the resolution   :   345,287,088
Votes of proxies directed to vote against the resolution : 127,633,115
Votes of proxies directed to abstain on the resolution : 10,306,201
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 3 was passed by a poll. Votes were as follows:

    Votes of proxies directed to vote for the resolution   :   345,447,088
Votes of proxies directed to vote against the resolution : 127,633,115
Votes of proxies directed to abstain on the resolution : 10,416,201
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 4 – Advisory vote on named executive officer compensation

Proxy votes were as follows:

    Votes of proxies directed to vote for the resolution   :   122,742,350
Votes of proxies directed to vote against the resolution : 338,136,766
Votes of proxies directed to abstain on the resolution : 22,347,288
Votes of proxies able to vote at the proxies' discretion : -
 

Resolution 4 was defeated by a poll. Votes were as follows:

    Votes of proxies directed to vote for the resolution   :   122,742,350
Votes of proxies directed to vote against the resolution : 338,406,766
Votes of proxies directed to abstain on the resolution : 22,347,288
Votes of proxies able to vote at the proxies' discretion : -
 

Voting at the Annual General Meeting resulted in a second strike against the Company’s Remuneration Report and the resulting Spill Resolution was passed. Accordingly, Directors wish to advise that pursuant to Section 250V of the Corporations Act a Spill Meeting will be convened within 90 days. Details of the Spill Meeting will be advised as soon as practicable.

For and on behalf of the Board of Directors of
SAMSON OIL & GAS LIMITED

DENIS RAKICH
Company Secretary

Samson Oil & Gas Limited
Terry Barr, CEO, 303-296-3994 (US office)
970-389-5047 (US cell)


Source: Business Wire (October 30, 2015 - 5:30 PM EDT)

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