Potential to be realized on Origin and Sasol Dollars

• Beetaloo Basin located in the Northern Territory of Australia, belongs to the larger McArthur Basin • FOGA* holds 30% in all 3 exploration permits • Immense unconventional potential in entire basin (shale gas, shale oil and tight gas), conventional potential mainly along basin margins • Estimates gross recoverable resource potential (P50) of 162 TCF of gas and 21,345 MMBO of oil (RPS Energy, 2013) • A total of $150 million investment in Falcon Australia's permits since 2009 (seismics, drilling) • 2011-2013 JV with Hess: intensive seismic campaign gave key input for basin knowledge • 2014- JV with Origin & Sasol: work program is focusing on drilling to prove up commerciality * Falcon Oil & Gas Australia Ltd. (c. 98% subsidiary of Falcon Oil & Gas Ltd)