Last checked at 11 Apr 2013 07:00
11 April 2013
Falcon Oil & Gas Ltd
Hosting a presentation for analysts
Falcon Oil & Gas Ltd. ("Falcon" or the "Company") (AIM: FOG, ESM: FAC, TSXV: FO) is today hosting a presentation in London for research analysts.
The Company intends to provide a detailed overview of its portfolio and strategy. The presentation will be hosted by Philip O'Quigley, Chief Executive Officer and Dr Gábor Bada, Technical Director.
No new material information will be disclosed in the presentation.
The presentation will also be made available on the Company's website (www.falconoilandgas.com) in the afternoon.
-ENDS-
For further information, please contact:
Falcon Oil and Gas Ltd: | +353 (1) 417 1900 or |
Philip O'Quigley, CEO | +353(87) 814 7042 |
FTI Consulting: | |
Billy Clegg | +44 (0) 207 269 7157 |
Edward Westropp Natalia Erikssen | +44 (0) 207 269 7230 +44 (0) 207 269 9348 |
Davy: | |
John Frain / Anthony Farrell | +353 1 6796363 |
GMP Securities Europe LLP: | |
James Pope | +44 (0)20 7647 2835 |
Alexandra Carse | +44 (0)20 7647 8478 |
About Falcon Oil & Gas Ltd
Falcon Oil & Gas Ltd. (AIM: FOG, ESM: FAC, TSXV:FO.V) is an international oil and gas company focused on exploration and production in Australia, South Africa and Hungary. Falcon's strategy is to acquire, explore and develop large acreage positions of unconventional and conventional oil and gas resources in major underexplored basins located in politically and economically stable countries, with a high regional demand for energy and existing infrastructure. The Company's distinctive approach is to seek endorsement of its acreage and support for its exploration efforts in partnerships with established international oil & gas companies. Falcon's assets are represented by interests in almost 15 million acres in areas allowing rapid delivery of oil and gas to market.
In Australia, Falcon Australia holds 100% interest in four exploration permits covering 7 million acres in the Beetaloo Basin, Northern Territory. Falcon's JV agreement with Hess covers significant seismic acquisition and an option to drill five wells. In South Africa, Falcon holds 100% interest in a Technical Cooperation Permit covering 7.4 million acres in the Karoo Basin. Falcon has signed a Cooperation agreement with Chevron to seek unconventional exploration opportunities in the Karoo Basin, onshore South Africa. The Karoo Basin is large (236,000 mi2), extending across nearly two-thirds of the country, with the southern portion (70,800 mi2) of the basin potentially favourable for shale gas. A significant portion of Falcon's TCP is located within the prospective area, along the southern boundary. Falcon's acreage in Hungary is adjacent to the giant Algyö Field and is transected by existing gas pipelines offering near-term access to local markets.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.