Agoracom: Small Cap Investment - Falcon Oil and Gas Ltd. - Re: The Falcon play

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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solyomtwo

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Re: The Falcon play - Falcon Oil Australia property agreement

in response to

Re: The Falcon play - Australia’s Shale Gas Sector Set to Take Off

solyomtwo

posted on Jun 25, 2014 01:00AM

2014-06-24 18:39 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation pertaining to a farm-in agreement and joint operating agreement between Falcon Oil & Gas Australia Ltd., a 98-per-cent-held subsidiary of Falcon Oil & Gas Ltd., Origin Energy Resources Ltd., a subsidiary of Origin Energy Ltd., and Sasol Petroleum Australia Ltd., a subsidiary of Sasol Ltd., whereby each farm-inee will farm into 35 per cent of the company's exploration permits in the Beetaloo basin, Australia.

As consideration for the permits, the company will receive $20-million (Australian) in cash from the farm-inees.

For further details, please refer to the company's news release dated May 2, 2014.

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