Company Overview and Strategy International oil and gas company focused on the acquisition, exploration and development of unconventional oil and gas properties Corporate strategy is to: Acquire large acreage positions in…
Beetaloo Basin, Northern Territory, Australia Falcon Oil & Gas Australia Ltd* (FOGA) - Asset Overview Summary FOGA holds 30% interest in 3 exploration permits EP98 Covers approximately 4.6 million gross acres of Beetaloo 10,316 km2…
Gross recoverable prospective resource potential - RPS CPR* * RPS Energy Competent Person Report (CPR) of January 2013 filed on www.sedar.com and also available at www.falconoilandgas.com 6
A200 million Beetaloo Farm-Out Farm-Out Deal with Origin and Sasol executed May 2014 Total value of the deal is estimated at A200 million which includes an upfront payment of A20 million in cash. Origin and Sasol each earn 35% with…
Comparison of Origin/Sasol to Hess Deal -post 30 June 2013 NEW ORIGIN/SASOL DEAL PRIOR HESS DEAL Cash A20 million Nil Drilling Program Nine Wells Five Wells Horizontal Wells Five One Partners Origin and Sasol Hess Operator Origin…
Shenandoah-1A Well Testing, Nov 2011 Shenandoah-1A Shenandoah vertical well drilled into the Tindall Lm. deepest part of basin in gas window to test Antrim Vol. unconventional shale - fracced Bukalara Ss. Hayfield Mdst. Upper…
Unconventional Hydrocarbons in the Beetaloo Basin Mid-Velkerri Shale TOC up to 12% Kerogen type II Maturity Mature for Gas Oil Minerology 60% Quartz +Feldspar, 30% Clay Porosity 4-8% Thickness over 100 m 11
Beetaloo Target: Velkerri shale as source rock new permit outline colour shading indicates depth of target shale (mid-Velkerri) old permit boundaries 12
Beetaloo Source Rocks * Kyalla mature source rock formation, composed of type 2 kerogen deepwater unit with high organic content Velkerri mature source rock formation, composed of type 2 kerogen organic rich and considered best…
Northern Territory, Australia Northern Territory Investment and Fiscal Conditions Major LNG infrastructure with one LNG Train completed in 2006 and two more under construction at a cost of US34 Applications and Granted Licences 2009…
Unconventional M&A Australia Canning Basin: Beetaloo Basin: Beetaloo Basin: Mitsubibishi to invest Origin & Sasol to invest Santos to invest US70 Georgina Basin: A102 million with Buru US150 million with Falcon million with Tamboran…
Karoo Basin, South Africa Asset Overview & Location Summary Falcon TCP Technical Cooperation Permit (TCP) granted 2009 TCP overs approximately 7.5 million acres onshore Karoo Basin* Falcons TCP adjacent to Shell TCP Potential…
Karoo Basin - Timeline Environmental Technical Cooperation Management Programme Chevron Agreement Permit granted submitted announced Expected awarding of October 2009 January 2011 December 2012 Exploration licence 2009 2010…
Karoo the Whitehill formation Hydrocabron system Mostly dry gas (mainly Methane with no CO2 or H2S) Type I/II kerogen TOC values up to 15% Gas play 4 deep wells in and 5 deep wells around Falcon's TCP - drilled in the late 1960s…
Geological Profile of Falcons TCP Schematic North South oriented geological profile across the Karoo Basin Approximate location of Falcon's TCP licence Whitehill shale Falcons TCP provides a wide range of depth from 0 to…
Mak Trough, Hungary Summary 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 play…
Work programme and value drivers Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Estimated Timeline Executed farm-out Prepare for drilling Prepare for drilling Prepare for drilling Drilling Drilling Reviewing Testing…
Estimated Capex Program Potential Estimated Estimated No. of Wells Gross Cost Net Cost Beetaloo Basin, Northern Territory, Australia US US Million Million Hess estimated Capex spend 80 0 New farm out deal includes the drilling of up…
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…
Investment Case 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…
Corporate Information Share Capital Major Shareholders Common shares in issue 921,537,517 Burlingame Asset Management 13.67 % Share options outstanding 31,952,000 Soliter Holdings Corp 12.32 % Warrants outstanding 10,000,000 Fully…
Appendix 28
Board of Directors John Craven, Chairman Appointed Sept 2011 Petroleum Geologist with 35+ years E&P experience Formerly Cove Energy, Petroceltic and Dana Petroleum Philip OQuigley, Director & Chief Executive Officer Daryl H…
Management Team Philip OQuigley, Director & Chief Executive Officer Appointed CEO in May 2012 and to Board in Sept 2012 20+ years E&P experience across London & Dublin Previously Finance Director of Providence Resources Dr. Gbor…
Beetaloo Basin exploration History (- 2013) FOGA & HESS Pacific O&G Sweetpea FOGA JV 1984-2004 2004-2009 2009- 2011-2013 Milestones & achievements Subsidiary of Rio Tinto Additional 2D seismic Unconventional potential…
Farm-out Time Lines and Process Farm-Out Launch Date 1 July 2013 Open data room Negotiate to final offers Completion Invite indicative offers Enter into one binding offer Receive indicative offers Final agreements and…
New JV Partners: Origin and Sasol About Origin Origin is the Operator for the upstream APLNG Project This is a Coal Seam Gas unconventional project in a joint venture with ConocoPhillips in Queensland, Australia The Project extends…
Glossary of Abbreviations AC Acres Bbl One barrel Bbl/d Barrels per day production BBO Billion barrels of oil BCGA Basin centred gas accumulation BCF Billion cubic feet BCFGPD Billion cubic feet of gas per day production BOPD Barrels of…
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