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EPIC: FOG
Market: AIM:FOG
TSX-V:FO
52-week High/Low: 29.93p / 3.50p
Sector: Energy
Market Cap: 210.80M
Phone: +353 1 676 8702
Address: 68 Merrion Square South, Dublin 2, Ireland.
Website: www.falconoilandgas.com
Falcon Oil & Gas Ltd

Falcon Oil & Gas Ltd

Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources. We focus on areas in politically and economically stable countries that are characterized by a high regional demand for energy with existing infrastructure allowing rapid delivery of oil and gas to market. Falcon has interests in approximately 12.3 million gross acres in three major exploration projects in Australia, South Africa and Hungary.

Falcon Oil & Gas Ltd

www.falconoilandgas.com

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Big picture - Why invest in Falcon Oil & Gas Ltd


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Citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet. Converting that to oil equivalent, it stacks up to 82bn barrels of the black sticky stuff.

Falcon Oil & Gas Ltd Snapshot

Our Strategy:

Falcon’s strategy is to leverage the Group’s expertise in the unconventional oil and gas industry to acquire interests in licences covering large acreages of land and to build on its internationally diversified portfolio of unconventional assets and interests, which are located in countries that the Board of Directors of Falcon (the “Board”) believes support the exploitation of unconventional oil and gas. Falcon seeks to add value to its assets by entering into farm - out arrangements with major oil and gas companies that will fully or partially carry Falcon through seismic and drilling work programmes. The Group’s principal interests are located in two major underexplored basins in Australia and South Africa; and in Hungary, covering approximately 12.3 million gross acres in total.

Who We Are:
Falcon's management team includes geologists, engineers and community leaders with a unique mix of experience in unconventional drilling and completion technology, international exploration, negotiations and community relations. Falcon's Board of Directors consists of a diverse group of industry veterans, successful entrepreneurs and sophisticated oil and gas investors with a specific goal to demonstrate the value of the assets to our shareholders.

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary. Falcon’s Common Shares are traded on the TSX Venture Exchange (symbol: FO.V); AIM, a market operated by the London Stock Exchange (symbol: FOG) and ESM, a market regulated by the Irish Stock Exchange (symbol: FAC).

Our Commitment:
Falcon operates amongst some of the world's most diverse communities and sensitive natural habitats. In an effort to proactively address landowners and environmental concerns, we engage the community and government officials to facilitate information exchange, support the local economy and protect sacred areas. As a company, Falcon commits to implement best practices with regard to community outreach, environmental precautions, and public disclosure. We do this not because we have to, but because it is right to do so.

Falcon holds interests in almost 12.3 million gross acres prospective for mulitple BBO and TCF in three major underexplored basins in Hungary, Australia, and South Africa.

 

 

Beetaloo Basin, Australia

  • 4.6 million gross acres (1.4 million net acres) onshore Beetaloo Basin, Australia
  • Three Exploration Permits granted in 2005 and 2006
  • A$200 million Farm-Out with Origin and Sasol completed in August 2014 
  • Commencement of a nine well exploration and appraisal programme in 2015
  • Notification of Discovery announced in October 2016

For more information, please click here

 

Karoo Basin, South Africa

  • 7.5 million acres onshore Karoo Basin, South Africa
  • Highly competitive, strategic location 
  • Technical Cooperation Permit granted 2009, Exploration License pending
  • Cooperation Agreement with Chevron signed in Dec 2012 

For more information, please click here

 

Makó Trough, Hungary

  • 245,775 acres in the Mako Trough, Central Pannonian Basin
  • 35-year Production License granted May 21, 2007

For more information, please click here

JoAchim Conrad, Non-Executive Chairman

Mr. Conrad, a Non-Executive Director of Falcon Oil & Gas Ltd. since 2008 was elected Chairman of the Board in December 2015.

Mr. Conrad was appointed as Executive Managing Director and Member of the Board of Directors of Bosphorus Gaz Corporation in 2012. He is also a Senior Advisor to the Management of Gazprom Germania GmbH, which owns the 71% percent majority stake of Bosphorus Gaz. Previously, Mr. Conrad was the Managing Director of Berlin-based Gazprom Marketing & Trading GmbH.

Between 2003 and 2009, Mr. Conrad worked with Swiss-based EGL AG, which was later integrated into Axpo AG. While at EGL, Mr. Conrad was Head of Gas, but also in charge of power and gas operations in eastern Europe, as well as a member of EGL’s Executive Management. Besides expanding EGL’s gas and power operations in eastern Europe, Mr. Conrad also played a key role in developing and starting to implement plans to launch the Trans Adriatic Pipeline (TAP) project that he originally masterminded. TAP later attracted Statoil of Norway and eventually other industry giants such as BP, Total, E.ON, SOCAR and Fluxys among its shareholders, as Azerbaijan in 2013 selected it as the pipeline project of choice for its new gas exports to Europe.

Prior to joining EGL, Mr. Conrad worked as Head of Trading at Wingas, in Germany. From 1996 to 2000 he was Head of Purchases/Sales for Wintershall, BASF's gas division, in Zug, Switzerland. In 1994 and 1996 Mr. Conrad worked as Project Manager at Gazexport in Moscow, as part of Wintershall's joint projects with Russia's Gazprom. Between 1991 and 1995, Joachim Conrad was Manager of Natural gas Purchase East at Wintershall, Germany. Mr. Conrad is a certified business economist. He is married and is the father of two sons.

Philip O'Quigley, Chief Executive Officer & Executive Director

Mr. O’Quigley has been a member of the Board since September 2012 and has been Chief Executive Officer of Falcon since May 2012. Mr. O’Quigley brings 25 years’ experience in senior management positions in the oil and gas industry. His career, which spans a number of London and Dublin listed exploration and production companies, includes experience working in countries such as Argentina, the United States, Algeria, the UK and Ireland. Most recently, he served as Finance Director for Providence Resources, an Irish oil and gas exploration and production company and he remains on the board of Providence Resources as a non-executive director. Mr. O’Quigley is a Fellow of the Institute of Chartered Accountants in Ireland and qualified as a Chartered Accountant with Ernst & Young in Dublin.

Dr. György Szabó, Non-Executive Director

Dr. Szabó has been a Director of Falcon since 2006. Dr. Szabó was Co-Managing Director of Falcon’s wholly-owned subsidiary TXM from 2006 to 31 December 2014. He has also previously served as Consultant and Mining Bureau Registered Technical Responsible Person for TXM. Dr. Szabó is a widely recognised authority in the Hungarian and international petroleum industry. In addition to being a university professor, Dr. Szabó has overseen the design and implementation of the deepest HP-HT well ever drilled in Hungary. In 1991 he was in charge of successful fire control and well abandonment operations by Hungarian teams in Kuwait. He was instrumental in the privatisation and the strategy related to the capitalisation and structure of Hungary’s former national oil company (presently MOL Group), as well as the landmark listing of the company on domestic and international securities exchanges in 1995. Dr. Szabó graduated from Miskolc University and received a degree in petroleum engineering in 1963. He received his Ph.D. in 1975.

Daryl H Gilbert, Non-Executive Director

Mr. Gilbert has been a member of the Board since September 2007 and is a Professional Petroleum Engineer with over 35 years experience in both the Canadian and international oil and gas industries. Mr. Gilbert serves as a director of several energy related public entities in addition to Falcon including AltaGas Ltd., Whitecap Resources Inc. and Penn West Petroleum Ltd. He is also currently a Managing Director of JOG Capital Inc. a private equity oil and gas investment firm located in Calgary Alberta. The greater part of Mr. Gilbert’s career was spent in the independent energy evaluation consulting sector. In 1979, he joined the predecessor oil and gas engineering and geological firm which became Gilbert Laustsen Jung Associates Ltd. (GLJ) where he served as a Principal Officer beginning in 1988 and as President and Chief Executive Officer from 1994 through to his retirement from consulting in 2005. Mr. Gilbert has a BSc from the University of Manitoba in Civil Engineering and is a member of the Association of Petroleum Engineers, and Geoscientists of Alberta, the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers.

Gregory Smith, Non-Executive Director

Mr. Smith has been a member of the Board and Chairman of the Audit Committee since December 2009 and is a Chartered Accountant and President of Oakridge Financial Management Inc., a provider of financial and management consulting services to private and public companies. He is also the CFO and a director of Maglin Site Furniture Inc., a corporation that manufactures and distributes public site furniture primarily in Canada and the United States. He is currently a director and chairman of the audit committee of Kerr Mines Inc., a director of Rhode & Liesenfeld Canada Inc., a company involved in international freight forwarding, specializing in industrial and resource industries; and a number of private corporations. He is a past director and audit committee chairman of a number of public and private resource corporations, inclusing director and chairman of the audit committees of TriWestern Energy Inc., Manson Creek Resources Ltd., CDG Investments Inc. and Tyler Resources Inc. Mr. Smith was admitted to the Institute of Chartered Accountants of Alberta in 1975 and holds a Bachelor of Commerce degree from the University of Calgary.

Maxim Mayorets , Non-Executive Director

Mr. Mayorets is a member of the Executive Board and Head of M&A at Renova group (“Renova”). From 2002 to 2010 Mr. Mayorets held various positions in the International Business Division at OAO Gazprom, acted as head of several Gazprom subsidiaries and from 2007, Mr. Mayorets was Deputy Head of the International Business Department of ОАО Gazprom. Since May 2010, Mr. Mayorets has held the position as Head of M&A at Renova.

Significant Shareholdings

Name of Holders Numbers of Shares  % held
RENOVA HOLDING LTD 150,810,134 16.26
BURINGAME ASSET MANAGEMENT 125,231,739 13.50
SWEETPEA PETROLEUM 89,281,170 9.63
PERSISTENCY PRIVATE EQUITY / SWISS ENERGY PARTNERS 59,304,484 6.39
NICOLAS MATHYS 50,551,600 5.45

 

Registered Address:
Suite 810
675 West Hasting Street
Vancouver, British Columbia V6B1N2 - Canada

Head Office – Dublin, Ireland
Falcon Oil & Gas Ltd
68 Merrion Square South
Dublin 2
Ireland
+353 1 676 8702

Hungarian Office — Budapest, Hungary
TXM Exploration and Production LLC
Infopark “I” building
Infopark sétány 1
H-1117 Budapest, Hungary
+36 1 66 66 700

Registered Office
Suite 810
675 West Hasting Street 
Vancouver, British Columbia V6B1N2 - Canada

Head Office
68 Merrion Square South
Dublin 2 - Ireland

Auditors 
BDO
55 Baker Street. 
London W1U 7EU - UK

Nominated Adviser & Broker 
Davy
Davy House
49 Dawson Street, 
Dublin 2 - Ireland

Registrars 
Computershare Trust Company of Canada
3rd floor, 510 Burrard Street
Vancouver, British Columbia V6C 3B9 - Canada
 

Legal Advisers
Aird & Berlis LLP
Brookflied Place
181 Bay Street, Suite 1800, Box 754
Toronto, Ontario M5J 2T9 – CANADA


Company Secretary
Rebecca Kacaba
Aird & Berlis LLP
Brookflied Place
181 Bay Street, Suite 1800, Box 754
Toronto, Ontario M5J 2T9 – CANADA

 

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