Annual General & Special Meeting Operations & Technical Update 10 December 2014 Toronto: TSXV Ticker: FO.V London: AIM Ticker: FOG.L Dublin: ESM Ticker: FAC:ID 1
EP98 10,316 km2 Beetaloo Basin, EP117 Australia 6,412 km2 EP76 Drilling in 2015 1,891 km2 4
A200 million Beetaloo Farm-Out Farm-Out Deal with Origin and Sasol executed May 2014 Total value of the deal estimated at A200 million which included an upfront payment of A20 million in cash. Origin and Sasol each earned 35% with…
Beetaloo Basin Timeline & Work program Farm-in agreement Drilling 3 Drilling 2 fracced horizontal announced - May 2014 vertical wells wells & production testing 2014 2015 2016 2017 2018 G&G preparations, well Drilling 1 fracced…
Falcon TCP The Karoo, South Africa Licence award - 2015 7
Karoo Basin - Timeline Environmental Management Programme submitted Petroleum Agency of South January 2011 Africa proceeding with Falcons licence application Technical Cooperation Chevron Agreement Expected awarding of Permit…
Mak Trough, Hungary 9
Mak Trough, Hungary Mak Trough Hold 100% interest in a production licence granted 2007 Covers 245,775 acres within the Mak Trough, Central Pannonian Basin Hungary Licence area transected by existing gas pipelines Shallow Algy…
Work programme and value drivers Q1 2015 Q2 2015 Q3 2015 Q4 2015 Estimated Timeline Prepare for drilling program Drilling Drilling Reviewing Well results Beetaloo Basin, G&G Studies Australia Continue early stage evaluation…
Value proposition of early entry in unconventional shale plays Production Recent transactions demonstrate Production History 100s of wells drilled increasing market value of acreage Monetise 18,489 / acre1 positions as they progress…
Summary Large, leveraged position in three unconventional basins 12.3 million gross acres (estimated net acres 3.5 4 million) Beetaloo Basin, Australia - 162 TCF of gas and 21,345 MMBO of oil recoverable estimated gross recoverable…
Corporate Information Share Capital Major Shareholders Common shares in issue 921,537,517 Burlingame Asset Management 13.59 % Share options outstanding 31,952,000 Soliter Holdings Corp 12.24 % Warrants outstanding 10,000,000 Fully…
Technical Update on Falcon's Assets Falcon AGM Technical Presentation Dublin, 10 December 2014
Falcon's Global Presence Dublin Hungary: Head Office technical center, Mak trough N. Territory, Australia: Beetaloo basin South Africa: Karoo basin Falcon Oil & Gas Ltd. is a global energy company that is focused on…
Why Unconventionals The Opportunity and the Challenge Principles No traps but pervasive cells with areas of high productivity/recovery (sweet spots) 'Stubborn'reservoirs - recovery usually low Geology controlled, technology…
Why Unconventionals Size DOES Matter The Beetaloo and Karoo Basins are comparable to the size and quality of producing N. American shale plays 18
Beetaloo Basin, Australia 19
Beetaloo Basin, Australia - Asset Overview Beetaloo Basin located in the Northern Territory of Australia, belongs to the larger McArthur Basin EP98 FOGA* holds 30% in all 3 exploration permits 10,316 km2 Immense unconventional…
Beetaloo Basin Unconventional Petroleum System JV partners selected the central, undeformed part of the Beetaloo Basin as main area of interest Thick pervasive hydrocarbon cell with both oil and gas potential Primary exploration…
Beetaloo Gross Recoverable Resource Potential - RPS Report, 2013 Velkerri Shale Play Most prospective rocks in the Beetaloo basin Work program focuses on drilling to unlock the Velkerri potential 22
Shales Characteristics in the Beetaloo Basin World-class shales in the Beetaloo Basin, TOC Mid-Velkerri Shale values compare well with major US shales: TOC up to 12% Barnett: 2-7% Marcellus: 5-8% Kerogen type II (marine) Haynesville:…
Beetaloo Basin, Australia - Relinquishment 2014 EP76-EP98-EP117 outline EP76-EP98-EP117 outline before relinquishment after relinquishment EP 99 Central, prospective part of Beetaloo retained Depth Depth mid-Velkerri 72.4% of…
Beetaloo Basin Operations - Conceptual Principles 2014 1) G&G studies, pick well locations, stake holder Target: Velkerri shale in basin center consultation, permitting 2) Drill vertical wells, extensive G&G and engineering…
Karoo Basin, South Africa 26
South Africa Asset Overview Summary Exclusive Technical Cooperation Permit (TCP) granted in 2009 Covers c. 30,000km2 (7.5M acres) onshore Karoo Basin Falcons TCP adjacent to Shell TCP Potential Resource (EIA, June 2013) Karoo…
Focus on the Mak Deep Play Proven, mature source rock in Endrod Shale System comprising a continuous unconventional accumulation (shale gas/shale oil). In situ trapped hydrocarbons are in sweet spots are in sand/conglomerate units…
Summary Falcon's asset portfolio includes 3 prospective unconventional oil & gas plays with enormous in-place and recoverable resource volumes Diverse petroleum geology in very different basins - Beetaloo, Australia: oldest…
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