SAMSON OIL & GAS N.L.
(ACN 009 069 005)
ARNDT ENERGY LIMITED
CONSULTANCY AGREEMENT made I December 2005
In this agreement, unless the context otherwise requires:
“ASX” means Australian Stock Exchange Limited;
“Board” means the board of directors of the Company;
“Business Day” means a day on which banks generally are open for the full range of banking
business in Perth;
“Company” means Samson Oil & Gas N.L. (ACN 009 069 005) of Level 36, Exchange Plaza, 2
The Esplanade, Perth, WA 6000
“Consultancy Fee” has the meaning given to that expression in clause 5.1;
“Corporations Act” means the Corporations Act 2001 (Cth);
“ Effective Date ” means 1 July 2005;
“Executive” means Terence Maxwell Barr of 248 Wild Irishman Road, Keystone 80435, Colorado,
“GST” means the goods and services tax described in the A New Tax System (Goods and Services
Tax) Act 1999 (Cth), and includes any replacement or subsequent similar tax;
“month” means calendar month;
SAMSON OIL & GAS N.L. (ACN 009 069 005), (the “ Company ”); and
(2) ARNDT ENERGY LIMITED (the “ Consultant ”).
(A) The Company requires the services of a competent executive to act as the Managing Director of the
Company and to perform the Services.
(B) The Company has requested the Consultant to make available the Executive and to provide the Services,
which the Consultant has agreed to do on the terms and conditions of this agreement.
“Services” means the services set out in the schedule;
“Subsidiaries” means Samson Oil & Gas USA Inc. and Kestrel Energy Inc., both companies
incorporated in Colorado, USA; and
“Term” has the meaning given to that expression in clause 4.
In this agreement unless the con