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 holds almost 15 million acres in three major exploration projects in Hungary, Australia, and South Africa.

Our offices are in Dublin, Ireland and Budapest, Hungary. Shares of our company trade on the Toronto TSX Venture Exchange under the trading symbol ‘FO’.

Our Strategy:

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. As one of the first explorers for unconventional resources outside of North America, Falcon has secured interests in almost 15 million acres in politically and economically stable countries that are characterized by a high regional demand for energy.

In each of our areas, Falcon invests in developing a deep technical understanding of the petroleum potential and in establishing essential relations with landowners, officials and the community. We then seek strategic joint venture partners to participate in and advance our exploration efforts.

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.

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.

Overview

	Makó Trough, Hungary 245,775 acres in the Mako Trough, Central Pannonian Basin LOI announced with NIS to drill 3 wells targeting 50-400 BCF each (Falcon 100% carried) 35-year Production License granted May 21, 2007
	Beetaloo Basin, Australia 7,000,000 acres onshore covering almost the entire Beetaloo Basin JV with Hess to acquire $55MM seismic and option to drill 5 well (Falcon 100% carried) Four Exploration Permits granted in 2005 and 2006
	Karoo Basin, South Africa 7,500,000 acres onshore Karoo Basin, South Africa Highly competitive, strategic location surrounded by Shell and Sasol/Statoil/Chesapeak JV areas Technical Cooperation Permit granted 2009, Exploration License pending

EVALUATION OF THE HYDROCARBON RESOURCE POTENTIAL. PERTAINING TO CERTAIN ACREAGE INTEREST IN THE. BEETALOO BASIN, ONSHORE AUSTRALIA AND MAKO TROUGH,. ONSHORE HUNGARY.

Falcon Oil & Gas Corporate Presentation 2012 December 14

RPS Scotia Resource Estimate, Makó Trough, Hungary

Falcon Australia

Ryder Scott Resource Estimate, Beetaloo Basin, Australia

Falcon Oil & Gas Corporate Presentation April 2014