Falcon Oil & Gas Australia Limited (ABN 53 132 857 008) (“Falcon Australia”) is a majority 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 100 percent interest in 4.6 million acres in Exploration Permits 98, 76, and 117 covering the majority of the Beetaloo Basin.
On 2 May 2014, Falcon Oil & Gas Australia (“Falcon Australia”) executed Definitive Agreements including 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”, to each farm into 35% of Falcon’s Exploration Permits in the Beetaloo Basin, Australia (“the Permits”). The Agreements are subject to conditions inter alia Government, statutory authority consents and relevant Stock Exchange approvals.