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FOR IMMEDIATE RELEASE

Contact:
Scott Rowland

Business Development General Manager - Samson Investment Company
Telephone (918) 591-1221

SAMSON MAKES ACQUISITION IN EAST TEXAS AND ARKANSAS

Tulsa, Oklahoma (August 5, 2003) – Samson Investment Company today announced the completion of its acquisition of natural gas and oil properties in East Texas and Arkansas from Dominion Exploration & Production, Inc. The total purchase price was $29.2 Million. In addition to the existing production, the properties provide numerous drilling locations for further expansion of the Company’s activities in the Ark-La-Tex area.

Samson Investment Company, a Tulsa company, is engaged in oil and gas exploration, acquisition and production operations in the United States, Canada, Australia, Venezuela and Russia. The Company continues to seek additional oil and gas business opportunities both within and outside its current areas of operation. More information regarding Samson can be found at www.samson.com.


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