TULSA, Okla., March 28, 2017 — The Board of Directors of Samson Resources II, LLC (“Samson II” or the “Company”) has engaged Jefferies LLC as lead advisor and Houlihan Lokey Capital Inc. as co-advisor to conduct a strategic review of the Company’s assets, including an evaluation of its core competencies and underlying reserve and production potential.

The announcement comes after Samson II acquired substantially all of the assets of Samson Resources Corporation upon its emergence from Chapter 11 bankruptcy on March 1, 2017. Samson II features a substantially improved financial position having discharged approximately $4 billion of debt and nearly $300 million of annual interest expense from Samson Resources Corporation. The Company has greater than $60 million in total liquidity (including both cash on hand and cash that is available to be drawn under a credit facility), a business plan that projects positive free cash flow, and substantial commodity hedges to protect its liquidity position. An Investor Presentation providing an overview of Samson II’s assets, operations and capital structure has been posted to the news section on the Company’s website, http://www.samson.com/news/.

Samson II is a privately held onshore exploration and production company headquartered in Tulsa, Oklahoma. The Company has significant acreage positions in East Texas and North Louisiana, the Powder River Basin and the Green River Basin that, taken together, comprise approximately 490,000 net acres and the Company produces approximately 135 MMCFE/day of oil, natural gas and NGL’s.

Forward-Looking Statements

In this press release, all statements that are not purely historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” plan,” “estimate,” intend,” “potential” and other similar expressions. Forward-looking statements are based on currently available business, economic, financial and other information and reflect management’s current beliefs, expectations and views with respect to future developments and their potential effects on Samson II. Actual results could vary materially depending on risks and uncertainties that may affect Samson II and its business. Samson II’s actual actions and results may differ materially from what is expressed or implied by these statements due to a variety of factors, including (a) the ability of Samson II to perform well and compete effectively upon its emergence from bankruptcy, (b) the impact of restrictions in Samson II’s exit financing on its ability to make capital investments and pursue strategic growth opportunities, (c) the ability of Samson II to continue to attract and retain qualified employees following emergence, and (d) other risks and uncertainties as disclosed by Samson II in the future. Samson II assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes.