Investor Presentation November 2011 Falcon Oil & Gas Ltd. (FO.V) 1875 Lawrence Street, Suite 1400 Denver, CO 80202 +1.303.893.1800 www.falconoilandgas.com
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…
Why Invest in Falcon 15 million acres prospective for multiple BBO and TCF of shale oil and shale gas in three major, under explored basins Two strategic joint ventures (Hess, NIS) to carry Falcon through extensive seismic and 8…
Portfolio of significant acreage positions in three strategic areas 245,775 acres in the Mak Trough, Central Pannonian Basin LOI announced with NIS to drill 3 wells targeting 50-400 BCF each (Falcon 100% carried) 35-year Production…
Share and Ownership Information Falcon Oil & Gas Ltd. (TSXV: FO) Shareholder Information Share Price (November 10, 2011) CAD .15 Management and Directors: 5.8% Market Cap CAD 104 Million Shares Outstanding 694 Million Major…
MAK TROUGH, HUNGARY Falcon TXM holds100% interest in 245,775 acre, 35-year Production License in the Southern Pannonian Basin, granted in 2007
Asset Summary 5km from the giant Algy Field, 2.5 TCF plus 220 MMBO produced (MOL) License area transected by existing gas pipelines offering near term access to local markets RPS Scotia estimates resource potential of 44 TCFE…
Work History and Potential Deep Early exploration efforts focused on proving pervasive hydrocarbons and delineation of basin to secure Production License 2009 JV with Exxon Mobil drilled Fldek-1 Strategic decision to exit Hungary…
Migration Model Source rock in Endrd and Basal Conglomerate formations Actively generating, overpressured petroleum system Upward migration charging Szolnok and Algy formations 10
Work History and Potential - Algy Formation (2,300m 3,500m) Recent AVO analysis and study of shallow Algy formation identified multiple targets at top of Szolnok Additional 3 TCF potential (not included in RPS report) identified…
NIS Joint Venture in Algy Formation Location of Algy prospects/leads within LOI announced with Naftna Industrija Srbije (NIS) Production License Upfront payment of 1.5 million and final payment of 2.75 million to earn 50% in Algy…
BEETALOO BASIN, AUSTRALIA Ownership 3% 24% 73% 100% interest in 4 exploration permits in the Northern Territory, Australia Falcon Oil & Gas Ltd. Sweetpea Others Falcon Oil & Gas Australia holds 100% interest Falcon Oil…
Beetaloo Basin, Australia vs. US Unconventional Plays Beetaloo Basin outline 7,000,000 acres covering the majority of the Beetaloo Basin Maps and field outlines at same scale 14
Asset Summary Located 600km south of Darwin, a major industrial and export market Local infrastructure including a major highway, two gas pipelines and a railway offer early transport options Hess JV (July 2011) on all of EP…
Work History and Potential Shenandoah-1 Rio Tinto subsidiary drilled 11 wells between 1988-1992; Upper Kyalla 27,000 feet of core and 2,500km seismic 500m Oil and gas bleeds and data confirm all necessary elements of productive…
Shenandoah -1 Vertical Test, October 2011 Post-Cambrian Tindall Lm. Antrim Vol. Bukalara Ss. Hayfield Mdst. Hayfield Ss. Jamison Ss. U. Kyalla Sh. * Stimulated test of the Lower Kyalla Above: Mid Velkerri upper zone flare…
Hess/Falcon Joint Venture, July 2011 JV area covers all of EP 76, 117 and majority of EP98 (6,225,000 acres) Falcon Australia retains 100% interest in Shenandoah Area and EP99 (700,000 acres) Cash payment of 20 million Bottom…
2012 Work Program - Seismic Existing database includes 2,500km 2D seismic Hess 2011/2012 program to more than double existing seismic EP99 2012 work program to include approximately 200km 2D EP99 Seismic Program 0km…
KAROO BASIN, SOUTH AFRICA Falcon TCP Area Falcon has a Technical Cooperation Permit and has applied for an Exploration License on 7.5 million acres in the Karoo Basin
Opportunity Summary Increasing demand is leading South Africa to diversify energy supply from coal to other sources EIA (Apr 2011) estimate 485 TCF technically recoverable resource in Karoo Basin Karoo is estimated fifth in the…
Highly Competitive Position in the Karoo Falcons acreage is strategically placed in most geographically accessible area Cranemere well CR-1/68 in adjacent permit flowed 1.8 MMCFPD unstimulated from a vertical shale zone…
Falcon Activity Current moratorium on Exploration Licenses Government review of regulations announcement expected Q1 2012 Public consultation and Environmental Management Plan completed Falcon has planned seismic activity pending…
CATALYSTS FOR 2011 - 2012 Cost to Expected Gross Cost Area Result Falcon Date (MM) (MM) Beetaloo * Shenandoah Area Shenandoah-1 test results Q4, 2011 12.5 10.5 * Karoo Basin Mak Algy Karoo license award Algy new well test…
Shale Development Transactions Developed Recent transactions demonstrate Production History 100s of wells drilled increasing market value of acreage 5,000 30,000 / acre positions as they progress through the Appraisal Consol / Noble…
Why Invest in Falcon Exposure to multiple BBO and TCF on 15 million acres of highly prospective oil and gas shale leases Extensive seismic and 8 well exploration program (150MM gross) fully funded by JV partnerships and cash…
Helen Mitchell Manager of Corporate Communications +1-303-951-1111 hmitchellfalconoilandgas.com 27