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			8K (T Farel Employment Agreement - CEO) (3272020)
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:10pt;">UNITED STATES</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Washington, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">FORM 8-K</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report (Date of earliest event reported): </font><font style="display: inline;font-weight:bold;font-size:10pt;">March </font><font style="display: inline;font-weight:bold;font-size:10pt;">27</font><font style="display: inline;font-weight:bold;font-size:10pt;">, 20</font><font style="display: inline;font-weight:bold;font-size:10pt;">20</font>
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			<font style="display: inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">Samson Oil &amp; Gas Limited</font>
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			<font style="display: inline;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Australia</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">001-33578</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">N/A</font></p>
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						<font style="display: inline;font-size:10pt;">(State or other jurisdiction of</font><br /><font style="display: inline;font-size:10pt;">incorporation or organization)</font></p>
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						<font style="display: inline;font-size:10pt;">(Commission file number)</font></p>
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						<font style="display: inline;font-size:10pt;">(I.R.S. Employer</font><br /><font style="display: inline;font-size:10pt;">Identification Number)</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Level 8</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">99 St Georges Terrace</font></p>
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Perth, Western Australia 6000</font></p>
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						<font style="display: inline;font-size:10pt;">(Address of principal executive offices)</font></p>
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						<font style="display: inline;font-size:10pt;">(Zip Code)</font></p>
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			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: </font><font style="display: inline;font-weight:bold;font-size:10pt;">011 61 8 9220 9830</font>
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			<font style="display: inline;font-size:10pt;">(Former name or former address, if changed since last report)&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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				<td valign="top" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xF06F;</font></p>
				</td>
				<td valign="top" style="width:98.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of this chapter).</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Emerging growth company&nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;</font><font style="display: inline;font-family:Segoe UI Symbol;color:#000000;font-size:10pt;">&#x2610;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Securities registered pursuant to Section 12(b) of the Act: </font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&#xFEFF;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;width:35.58%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Title of each class</font></p>
				</td>
				<td valign="top" style="border-right:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-top:1pt solid #000000 ;width:23.08%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Trading Symbol(s)</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;width:41.34%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Name of each exchange on which registered</font></p>
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			</tr>
			<tr>
				<td valign="top" style="border-right:1pt solid #000000 ;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:35.58%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">N/A</font></p>
				</td>
				<td valign="top" style="border-right:1pt solid #000000 ;border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:23.08%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">N/A</font></p>
				</td>
				<td valign="top" style="border-left:1pt solid #000000 ;border-top:1pt solid #000000 ;border-right:1pt solid #000000 ;border-bottom:1pt solid #000000 ;width:41.34%;background-color: #auto;padding:0pt 6.5pt">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">N/A</font></p>
				</td>
			</tr>
		</table></div>&nbsp;<hr style="border-bottom-style:solid;width:100%;height:2.25pt; ;color:#010101" align="left"></hr>
		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%"><a name="_iDocIDFieldbe3a68f7-9869-488d-ab26-0e74"></a>

		<p style="margin:0pt;text-align:right;font-family:Calibri;font-size: 8pt">

			<font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font>

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:20pt;"><font style="display: inline;font-weight:bold;font-size:10pt;">Item 5.02</font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers</font></font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">March </font><font style="display: inline;font-size:10pt;">27</font><font style="display: inline;font-size:10pt;">, 20</font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">Samson Oil </font><font style="display: inline;font-size:10pt;">&amp;</font><font style="display: inline;font-size:10pt;"> Gas </font><font style="display: inline;font-size:10pt;">Limited</font><font style="display: inline;font-size:10pt;"> &nbsp;(</font><font style="display: inline;font-size:10pt;">the </font><font style="display: inline;font-size:10pt;">&#x201C;</font><font style="display: inline;font-size:10pt;">Company</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">Samson Oil and Gas USA, Inc.</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">a &nbsp;</font><font style="display: inline;font-size:10pt;">wholly owned</font><font style="display: inline;font-size:10pt;"> subsidiary </font><font style="display: inline;font-size:10pt;">of the Company (&#x201C;Samson USA&#x201D;),</font><font style="display: inline;font-size:10pt;"> entered into an Employment Agreement (the &#x201C;Employment Agreement&#x201D;)</font><font style="display: inline;font-size:10pt;">, effective as of April 1, 2020, </font><font style="display: inline;font-size:10pt;">with Tristan R. Farel. Pursuant to the Employment Agreement, Mr. Farel will serve as President, Chief Executive Officer, and </font><font style="display: inline;font-size:10pt;">Managing</font><font style="display: inline;font-size:10pt;"> Director of </font><font style="display: inline;font-size:10pt;">the Company and </font><font style="display: inline;font-size:10pt;">Samson USA </font><font style="display: inline;font-size:10pt;">for a period of three years</font><font style="display: inline;font-size:10pt;">, beginning April 1, 2020</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Mr. Farel, 50, has 19 years of accounting and reporting experience, holding various executive and senior management positions with both public and private companies in the United States, Canada, and Australia.&nbsp;&nbsp;Mr. Farel has served as Chief Financial Officer of the Company and Samson USA since October 1, 2019. Mr. Farel has experience in the areas of financial analysis, SEC reporting, International Financial Reporting Standards reporting, due diligence and integration in connection with mergers and acquisitions and consolidations, purchase accounting, scheduling and organizing external audits, tax scheduling, and developing capital and operating budgets.&nbsp;&nbsp;Mr. Farel also worked for five years in public accounting as an auditor.&nbsp;&nbsp;Mr. Farel has held the positions of Chief Financial Officer of PetroShale, Inc. </font><font style="display: inline;font-size:10pt;">from 2013 to 2014,</font><font style="display: inline;font-size:10pt;"> Chief Financial Officer of New Frontier Energy, Inc. from 2010 to 2016, and Chief Financial Officer of Arete Industries, Inc. from 2015 to 2020.&nbsp;&nbsp;Mr. Farel has also held the positions of Financial Reporting Manager for Resolute Energy Corporation (2006-2010) and Audit Manager for Hein &amp; Associates (2001-2006)</font><font style="display: inline;font-size:10pt;">. &nbsp;</font><font style="display: inline;font-size:10pt;">Mr. Farel has a Bachelor of Science in Business Administration, with an emphasis in Accounting, from the University of Colorado at Boulder.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;"> Mr. Farel will be paid a salary of $250,000 per year for his service</font><font style="display: inline;font-size:10pt;"> as President, Chief Executive Officer, and Managing Director of </font><font style="display: inline;font-size:10pt;">the Company and </font><font style="display: inline;font-size:10pt;">Samson USA</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> with his total annual compensation, including any annual bonus, to be evaluated and determined by the Board of Directors of the Company periodically throughout the term of his employment. </font><font style="display: inline;font-size:10pt;">This summary of Mr. Farel&#x2019;s Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the agreement that is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.&nbsp; </font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Mr. Terence Barr will retire from his position</font><font style="display: inline;font-size:10pt;">s</font><font style="display: inline;font-size:10pt;"> as </font><font style="display: inline;font-size:10pt;">President,</font><font style="display: inline;font-size:10pt;"> Chief Executive Officer</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">M</font><font style="display: inline;font-size:10pt;">anaging Director </font><font style="display: inline;font-size:10pt;">of the Company and Samson USA </font><font style="display: inline;font-size:10pt;">effective </font><font style="display: inline;font-size:10pt;">March 31, 2020</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> but</font><font style="display: inline;font-size:10pt;"> will </font><font style="display: inline;font-size:10pt;">remain on the Board of Directors of </font><font style="display: inline;font-size:10pt;">the Company and </font><font style="display: inline;font-size:10pt;">Samson </font><font style="display: inline;font-size:10pt;">USA</font><font style="display: inline;font-size:10pt;">. Mr. Barr will assume the position of </font><font style="display: inline;font-size:10pt;">Chairman</font><font style="display: inline;font-size:10pt;"> of the Board</font><font style="display: inline;font-size:10pt;"> of Directors of the Company and Samson USA</font><font style="display: inline;font-size:10pt;">, replacing Dr. Peter Hill, who is retiring from the Board of Directors of</font><font style="display: inline;font-size:10pt;"> the Company and</font><font style="display: inline;font-size:10pt;"> Samson USA. Mr. Barr will be paid a </font><font style="display: inline;font-size:10pt;">Chairman&#x2019;s</font><font style="display: inline;font-size:10pt;"> fee of $60,000 and the non-executive directors</font><font style="display: inline;font-size:10pt;">, Messrs. Gregory Channon and Nicholas Ong,</font><font style="display: inline;font-size:10pt;"> will be paid an annual fee of $45,000. </font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">March 27,</font><font style="display: inline;font-size:10pt;"> 20</font><font style="display: inline;font-size:10pt;">20</font><font style="display: inline;font-size:10pt;">, the Company issued a press release relating to the matters discussed in </font><font style="display: inline;font-size:10pt;">this </font><font style="display: inline;font-size:10pt;">Item </font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">.0</font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">. A copy of the press release is furnished as Exhibit 99.</font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;"> hereto. The information contained in</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">Exhibit 99.</font><font style="display: inline;font-size:10pt;">1</font><font style="display: inline;font-size:10pt;"> shall not be deemed &#x201C;filed&#x201D; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;font-family:Times New Roman;font-size: 10pt">
			<font style="text-indent:0pt;margin-left:0pt; padding-right:11pt;"><font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01 </font></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display: inline;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits.</font></font>
		</p>
		<p style="margin:0pt 0pt 0pt 54pt;text-indent: -54pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#xFEFF;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">(d) Exhibits</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">&#xFEFF;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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				<td valign="bottom" style="width:88.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;height:1.00pt">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Exhibit No.</font></p>
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				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:88.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Description</font></p>
				</td>
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			<tr>
				<td valign="top" style="width:51.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:3.5pt 0pt 3.5pt 0pt;">
					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">10.1 </font></p>
				</td>
				<td valign="top" style="width:04.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:3.5pt 0pt 3.5pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="top" style="width:411.85pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:3.5pt 0pt 3.5pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<a href="c079-20200327xex10_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">Employment Agreement effective April 1, 2020 between Samson Oil &amp; Gas Limited, Samson Oil and Gas USA, Inc., and Tristan R. Farel. </font></a></p>
				</td>
			</tr>
			<tr>
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					<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">99.1</font></p>
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				<td valign="top" style="width:04.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:3.5pt 0pt 3.5pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<a href="c079-20200327xex99_1.htm" style="-sec-extract:exhibit"><font style="display: inline;font-size:10pt;">Press Release of Samson Oil &amp; Gas Limited dated March </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;">, 2020.</font></a></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&#xFEFF;</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			&nbsp;
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%"><a name="_iDocIDFieldbe3a68f7-9869-488d-ab26-0e74"></a>

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			<font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font><font style="display: inline;"></font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Date: </font><font style="display: inline;font-size:10pt;">April 1,</font><font style="display: inline;font-size:10pt;"> 2020</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Samson Oil &amp; Gas Limited</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;">&nbsp;</font></p>
				</td>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By:</font></p>
				</td>
				<td valign="top" style="width:210.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/ Tristan Farel</font></p>
				</td>
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						<font style="display: inline;">&nbsp;</font></p>
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				<td valign="top" style="width:210.60pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Tristan Farel</font></p>
				</td>
			</tr>
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				<td valign="top" style="width:234.00pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt 0pt 0pt 0pt;">
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;color:#000000;font-size:10pt;">Chief Financial Officer (Principal Financial Officer)</font></p>
				</td>
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			<font style="display: inline;">&#xFEFF;</font>
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{"company-data": {"conformed-name": "Samson Oil & Gas LTD", "cik": "0001404079", "assigned-sic": "1381", "irs-number": "205250290", "state-of-incorporation": "NY", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33578", "film-number": "20766172"}, "business-address": {"street1": "LEVEL 16, AMP BUILDING", "street2": "140 ST GEORGES TERRACE", "city": "PERTH, WA", "state": "C3", "zip": "6000", "phone": "618 9220 9830"}, "mail-address": {"street1": "PO BOX 7654", "street2": "CLOISTERS SQUARE", "city": "PERTH, WESTERN AUSTRALIA", "state": "C3", "zip": "6085"}}
8K (T Farel Employment Agreement - CEO) (3272020)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March
27
, 20
20
Samson Oil & Gas Limited
(Exact name of registrant as specified in its charter)
﻿
Australia
001-33578
N/A
(State or other jurisdiction of
incorporation or organization)
(Commission file number)
(I.R.S. Employer
Identification Number)
Level 8
99 St Georges Terrace
Perth, Western Australia 6000
(Address of principal executive offices)
(Zip Code)
﻿
Registrant's telephone number, including area code:
011 61 8 9220 9830
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
﻿
Securities registered pursuant to Section 12(b) of the Act:
﻿
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
N/A
N/A
N/A
﻿
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
On
March
27
, 20
20
,
Samson Oil
&
Gas
Limited
(
the
"
Company
")
and
Samson Oil and Gas USA, Inc.
,
a
wholly owned
subsidiary
of the Company ("Samson USA"),
entered into an Employment Agreement (the "Employment Agreement")
, effective as of April 1, 2020,
with Tristan R. Farel. Pursuant to the Employment Agreement, Mr. Farel will serve as President, Chief Executive Officer, and
Managing
Director of
the Company and
Samson USA
for a period of three years
, beginning April 1, 2020
.
﻿
Mr. Farel, 50, has 19 years of accounting and reporting experience, holding various executive and senior management positions with both public and private companies in the United States, Canada, and Australia.  Mr. Farel has served as Chief Financial Officer of the Company and Samson USA since October 1, 2019. Mr. Farel has experience in the areas of financial analysis, SEC reporting, International Financial Reporting Standards reporting, due diligence and integration in connection with mergers and acquisitions and consolidations, purchase accounting, scheduling and organizing external audits, tax scheduling, and developing capital and operating budgets.  Mr. Farel also worked for five years in public accounting as an auditor.  Mr. Farel has held the positions of Chief Financial Officer of PetroShale, Inc.
from 2013 to 2014,
Chief Financial Officer of New Frontier Energy, Inc. from 2010 to 2016, and Chief Financial Officer of Arete Industries, Inc. from 2015 to 2020.  Mr. Farel has also held the positions of Financial Reporting Manager for Resolute Energy Corporation (2006-2010) and Audit Manager for Hein & Associates (2001-2006)
.
Mr. Farel has a Bachelor of Science in Business Administration, with an emphasis in Accounting, from the University of Colorado at Boulder.
﻿
Mr. Farel will be paid a salary of $250,000 per year for his service
as President, Chief Executive Officer, and Managing Director of
the Company and
Samson USA
,
with his total annual compensation, including any annual bonus, to be evaluated and determined by the Board of Directors of the Company periodically throughout the term of his employment.
This summary of Mr. Farel's Employment Agreement is not complete and is qualified in its entirety by reference to the full text of the agreement that is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
﻿
Mr. Terence Barr will retire from his position
s
as
President,
Chief Executive Officer
,
and
M
anaging Director
of the Company and Samson USA
effective
March 31, 2020
,
but
will
remain on the Board of Directors of
the Company and
Samson
USA
. Mr. Barr will assume the position of
Chairman
of the Board
of Directors of the Company and Samson USA
, replacing Dr. Peter Hill, who is retiring from the Board of Directors of
the Company and
Samson USA. Mr. Barr will be paid a
Chairman's
fee of $60,000 and the non-executive directors
, Messrs. Gregory Channon and Nicholas Ong,
will be paid an annual fee of $45,000.
﻿
On
March 27,
20
20
, the Company issued a press release relating to the matters discussed in
this
Item
5
.0
2
. A copy of the press release is furnished as Exhibit 99.
1
hereto. The information contained in
Exhibit 99.
1
shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
﻿
Item 9.01
Financial Statements and Exhibits.
﻿
(d) Exhibits
﻿
Exhibit No.
Description
10.1
Employment Agreement effective April 1, 2020 between Samson Oil & Gas Limited, Samson Oil and Gas USA, Inc., and Tristan R. Farel.
99.1
Press Release of Samson Oil & Gas Limited dated March
30
, 2020.
﻿
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
﻿
Date:
April 1,
2020
Samson Oil & Gas Limited
By:
/s/ Tristan Farel
Tristan Farel
Chief Financial Officer (Principal Financial Officer)
﻿