Falcon Oil & Gas Australia Limited (ABN 53 132 857 008) (“Falcon Australia”) is a 98% owned subsidiary of Falcon Oil & Gas Ltd (“Falcon”), a company headquartered in Dublin, Ireland, incorporated in British Columbia, Canada.
Falcon is listed on the Toronto Venture Exchange (TSXV) under the symbol "FO", the London Stock Exchange Alternative Investment Market (AIM) under the symbol “FOG” and the Dublin Stock Exchange Enterprise Securities Market (ESM) under the symbol “FAC”.
Falcon Australia is an unlisted public company engaged in the exploration and development of world class conventional and unconventional oil & gas resources in the Beetaloo Basin, Northern Territory.
Falcon Australia holds a 30% interest in 4.6 million gross acres in Exploration Permits 98, 76, and 117 covering the majority of the Beetaloo Basin.
On 21 August 2014, Falcon Oil & Gas Australia (“Falcon Australia”) completed a Farm-Out Agreement and Join Operating Agreements (collectively “the Agreements”) with Origin Energy Resources Limited, a subsidiary of Origin Energy Limited (“Origin”) and Sasol Petroleum Australia Limited, a subsidiary of Sasol Limited (“Sasol”), collectively referred to herein as “the Farminees”, each farming into 35% of Falcon’s Exploration Permits in the Beetaloo Basin, Australia (“the Permits”).