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Falcon Oil & Gas Ltd
Central Pannonian Basin Opportunities
| Helen Mitchell | Page 3 of 11 |
February 08, 2016
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[Partnerships & Agreements]
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Portfolio of significant acreage positions in three strategic areas • 7,000,000 acres onshore covering almost the entire Beetaloo Basin, Australia • JV with Hess to acquire $40MM seismic and option to drill 5 wells (Falcon 100% carried) • Four Exploration Permits granted in 2005 and 2006 • 7,500,000 acres onshore Karoo Basin, South Africa • Highly competitive, strategic location surrounded by Shell and Sasol/Statoil/Chesapeake JV areas • Technical Cooperation Permit granted 2009, Exploration License pending • 245,775 acres in the Makó Trough, Central Pannonian Basin • LOI announced with NIS to drill 3 wells targeting 50-400 BCF each (Falcon 100% carried) • 35-year Production License granted May 21, 2007 3