Falcon Oil and Gas Ltd.

Welcome To The Falcon Oil and Gas HUB On AGORACOM A global energy company with projects in Hungary, Australia & South Africa
in response to solyomtwo's message

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.

© 2014 Canjex Publishing Ltd. All rights reserved.

Please login to post a reply
solyomtwo
City
Cataract City
Rank
President
Activity Points
45195
Rating
Your Rating
Date Joined
03/17/2008
Social Links
Private Message
Falcon Oil and Gas Ltd.
Symbol
FO
Exchange
TSX-V
Shares
921,537,517
Industry
Energy & Environment
Create a Post