Falcon Oil and Gas Ltd.

<"Maybe this is a lot bigger news than the market is giving it credit for."

"..now they will be able to start the planning for seismic work ..">

An exploration company planning for seismic work is NOT big news.

<""Exploration work programmes, excluding fracking, could commence as soon as the exploration right was issued to a holder."">

"EXCLUDING FRACKING?????"

Generally speaking, shale gas development is ALL about fracking.

jmo