THIS EMPLOYMENT AGREEMENT (“ Agreement ”), is effective as of October 1, 2007 (the “
Effective Date”) , by and between Samson Oil and Gas USA, Inc., a Colorado corporation (“ Company ”), and
Robert Gardner (“ Employee ”).
Company desires to retain the personal services of Employee as Vice President-Engineering of Company
and of Company’s parent, Samson Oil and Gas Limited (“Parent”) and Employee is willing to make his services
available to Company and Parent, on the terms and conditions hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and mutual covenants set forth herein, the parties
agree as follows:
1. Employment .
Employment and Term . Company hereby agrees to employ Employee and Employee
hereby agrees to serve Company, on the terms and conditions set forth herein, for the period commencing on the
Effective Date and continuing through September 30, 2010, unless sooner terminated in accordance with the
terms and conditions hereof (the “ Term ”). The Term will be extended for additional (2) year period ending
September 30, 2012 unless either party gives written notice on or before August 31, 2010, of the party’s
decision not to so extend.
Duties of Employee . Employee shall serve as the Vice President-Engineering of
Company and Parent, and in such capacity shall provide Company and Parent with (a) expert petroleum reserve
engineering services, (b) advisory and managerial services with respect to the petroleum production and
acquisition activities of the Company and Parent, (c) internal reserve estimates, capital budgets, bank
presentations and development plans for current and prospective petroleum properties, (d) supervision of annual
reserve reports by outside parties, and (e) such other related additional services as are customarily provided by
professional petroleum engineers (the “ Services ”). Employee shall report to the Chief Executive Officer and