>And a 25% interest in Falcon Australia if I'm not mistaken. Solyomtwo can probably confirm this fact.

Not accurate, but close enough. Even Falcon uses rounded figures in their presentation. Factually, there are 206.4 million shares in Falcon Australia. Falcon Oil & Gas has 150 million shares representing 72.7%, Sweetpea has 50 million shares representing 24.2%, and the so called Others have 6.4 million shares or 3.1%.

See Falcon's News Release:

DENVER CO, November 17, 2010 – Falcon Oil & Gas Ltd. (TSXV: FO) ("Falcon") announces today that, further to its press release of June 3, 2010, its 73.1% owned subsidiary, Falcon Oil & Gas Australia Limited ("Falcon Australia") has received subscriptions to its previously announced offering for gross proceeds of $1,217,578.00. The offering is expected to close imminently. Following closing Falcon will own 72.7% of Falcon Australia.