Falcon Oil and Gas Ltd.

Below is an excerpt from an Interview with CEO, NIS and Deputy CEO, Gazprom Neft, Kirill Kravchenko

Gazprom magazine

"In addition to this, a decision has been taken in this respect on the importance of developing the entire Pannonian oil and gas basin – which is to say, in practically all countries neighboring Serbia. We have been granted concessions in Hungary, Romania and Bosnia, in which seismic surveys have already been undertaken and where exploratory drilling is just coming to an end. We plan to announce the results of these activities before the end of this year. We anticipate that geological prospecting in neighboring countries will yield positive results and, indeed, are currently bringing to fruition a whole range of projects there: in Hungary and Romania, for example, we have not one, but several."