EnerComs The Oil & Gas Conference August 17, 2011 Falcon Oil & Gas Ltd. 1875 Lawrence Avenue, Suite 1400 Denver CO 80202 T: +1.303.893.1800 TSXV: FO
Falcon Oil & Gas Ltd. Falcon is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources Canadian publicly traded company…
Falcon Oil & Gas Ltd. Falcons technical team recognized as experts in identifying new prospective basins with major resource potential 4
Falcon Oil & Gas Ltd. Successful history of working relations with community stakeholders and environmental and regulatory agencies Falcon Operations in the Mak Trough 5
Falcon Business Model Steady Explosive Growth Capitalize Success Rapid Development Unlock Value Focused Commercialization Production Testing Program JV Partnering Generate New Opportunities Platform Large scale project…
Portfolio of significant acreage positions in three strategic areas Stable political regimes, royalty-based systems and access to emerging or growing markets 245,775 acres in the Mak Trough, Central Pannonian Basin Long term…
Entering a new phase to demonstrate the value of existing portfolio Strong progress toward technical and commercial milestones under new management and Board Raised 13 million to cover work program Secured strategic Joint Venture…
Share Information Falcon Oil & Gas Ltd. (TSXV: FO) Current Share Ownership Share Price (August 11, 2011) CAD 0.14 Market Cap CAD 97.2 Million Shares Outstanding 694.32 Million Average Daily Volume (3 months) 544,892 9
Management and Directors Falcon Oil & Gas Ltd. Management Board of Directors Robert Macaulay, CEO Dr. Gyrgy Szab, Chairman Rod Wallis, COO Robert C. Macaulay Evan Wasoff, CFO Daryl Gilbert Tom Ahlbrandt, VP Exploration Joachim…
MAK TROUGH, HUNGARY 11
Asset Summary 100% interest in 245,775 acre, 35-year Production License, granted in 2007 RPS Scotia estimates resource potential of 44 TCF and 1 MMBO 5km from the Algy Field, 2.5TCF, 220MMBO produced (MOL) Licence area…
Work History Over 1,000sq km of 3D seismic data acquired and 7 wells drilled and tested Pusztaszer - 1 (2005): 250 mcfd + 250 bwpd Szkkutas - 1 (2006): 1,500 mcfpd Mak 6 (2006): 700 mcfpd Mak 7 (2006): Untested w/ oil and gas…
Potential Algy Formation (2,300m 3,500m) Recent G&G study and interpretation of shallow Algy formation Multiple targets at top of Szolnok in the Algy Formation from AVO analysis pervasively across basin Deeper Formations: With…
NIS Joint Venture in Algy Formation Location of prospects/leads within Production License LOI announced with Naftna Industrija Srbije (NIS) on June 9, 2011 to explore the Algy Play Upfront payment of 1.5 million, NIS to drill to 3…
BEETALOO BASIN, AUSTRALIA 16
Falcon Oil & Gas Australia Ltd. Management & Directors Management Board of Directors Robert Macaulay, CEO Robert Macaulay, Chairman Rod Wallis, COO Evan Wasoff Falcon Oil & Gas Ltd is the Evan Wasoff, CFO John Craven Tom Ahlbrandt,…
Asset Summary 100% interest in 4 exploration permits in the Northern Territory, Australia 7,000,000 acres covering the majority of the Beetaloo Basin Located 600km south of Darwin, a major industrial and export market Local…
Beetaloo Basin, Australia vs. US Unconventional Plays Beetaloo Basin outline Maps and field outlines at same scale
Beetaloo Basin, Australia 3 Principal Petroleum Systems Upper Kyalla Shallowest The Beetaloo Basin contains the worlds oldest, (500 m) live petroleum systems with rocks dating back 2 billion years Lower Kyalla 11 wells…
Hess Beetaloo/Falcon Australia JV Work Program Hess Joint Venture, July 2011 Cash payment of 17.5 million Bottom hole contribution of 2 million after Shenandoah1 test Hess to acquire a minimum of 40 million worth of seismic…
Shenandoah Work Program Post-Cambrian Tindall Lm. Antrim Vol. Shenandoah 1 Vertical Test Plan 2011: Bukalara Ss. Hayfield Mdst. Test the Lower Kyalla Shenandoah 1, 2007 Hayfield Ss. Unconventional Wet Jamison Ss. Shale Gas U.…
Extreme Rainfall in Beetaloo Basin Area 2010-2011 Rainfall has delayed work one month 23
Shenandoah 1 Well Location Shenandoah 1, August 6 2011 Shenandoah 1, 2007 24
Aerial photograph showing extent of wetlands and access route to well 25
Access to Shenandoah well location August 2011, road Falcon built to well site, view of turnaround at 500m July 2011, view of the road for rig and equipment On schedule for testing Q4 2011 26
Geologic Map Showing the 2012 EP99 Seismic Program EP99 Seismic Program EP99 27
KAROO BASIN, SOUTH AFRICA Falcon TCP Area 28
Opportunity Summary Falcon currently has a Technical Cooperation Permit and has applied for an Exploration Licence on 7.5 million acres in the Karoo Basin EIA (Apr 2011) estimate 485 TCF recoverable resource in South Africa…
Highly Competitive Position in the Karoo Adjacent to Shell application area and Sasol/Statoil/Chesapeake TCP area 30
Highly Competitive Position in the Karoo Falcons acreage is strategically placed in most geographically accessible area (not covered by Dolerite caps dolorites) 31
Falcon Activity Public consultation and Environmental Management Plan completed January 2011 Falcon has planned seismic activity pending granting of licence Current moratorium on Exploration Licences government review of…
FOCUS FOR 2011 - 2012 Hungary: o Finalize agreement with strategic partner NIS and execute drilling program of three Algy formation prospects on Falcons Mak Trough asset o Conduct deep test on existing well bore Australia: o Hess…