Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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For those who don’t know the timeline for operations in the Beetaloo Basin.

Operational Highlights for 2010

In May 2010, the Company commenced initial road and construction work for the 2010 work program, with the drilling and completion phase of the program anticipated to commence in July/August 2010, depending on weather conditions and availability of service providers and equipment.

MANAGEMENT’S DISCUSSION AND ANALYSIS

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