Falcon Oil and Gas Ltd.

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Bruner is waiting just the same as we do for the decision EXXON is expected to make in February.

Anticipating the trouble of EXXON walking and leaving FO behind out in the MAKO sticks ,I as a director wouldn`t join the BOD a day before X-mas.

What I want to indicate is,that Bruner and gang are still waiting EXXON to dip into their pockets and get the check ready for Phase 2,otherwise they all would kid themselves another 30 to 60 days,not more.

Hope is all what is left for MAB as well as for us shareholders.Dont forget we have the joint actors with more or less deep pockets to work out another acceptable solution if absolutely necessary.They are also holding a one way ticket.

The funding of down under is another story to come true one or the other way in the next couple of month,reading Bruners lips.

For those holding the one way ticket Bruner gave a silver lining on the horizon how to get going in the MAKO trough and what could be next,like a nice horizontal with a lot of fractures in the Magy 1 or reentering and dewatering solutions in Földeak 1 or so to speak to care for MAKO 7 and perforate a sweet spot an get some gas lifted to the existing pipeline,or do some testing in the Algyo and ,and ,and.

It sounds very funny and cutting but there are many ways to take the bull by the horns from the MAKO trough downwards to down under....

All it needs is money and the next target day is one of the last days in February.

Words from an English friend spread out from b2b " Yes and EXXON walks" make me nervous and the only hope we have is,that he is wrong,because nobody is in the know how EXXON will be settling this question and not at all an English friend.

The point of no return is over and done at 14 cents.We have to believe or eat the crow and we are in good company and shouldn t jump the ship while the joint actors are still aboard.

As a matter of fact we are used to that peanut shareprice every yearend.

Lets hope for the better in the coming year

and best wishes to all

MERRY X-MAS !

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Falcon Oil and Gas Ltd.
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