Falcon is a global energy company with projects in Hungary, Australia & South Africa

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Message: Falcon AGM Sydney 2016

G'day from Sydney, long-suffering Bird holders.

I attended the AGM in Sydney last Tuesday. Just managed to squeeze in to the room, next to 4 others.

Been attending these for 4 years and there has never been more than 6 shareholders in the room. Maybe the rest of them have jumped off the Harbour Bridge to end the pain.

Anyway, Philip's presentation was short, but encouraging. Basically, he said that any box that they have been able to fill is, given the progress thus far, has a a tick in it. In fact, there was not one negative issue or concern raised - anywhere. It's all good. So that's a relief.

Here's something else of interest:

Origin Energy, the operator of Falcon's joint venture Beetaloo Basin, Australia drilling program is presenting at the American Association of Petroleum Geologists ("AAPG") with SEPM ("Society for Sedimentary Geology") and Canadian Society of Petroleum Geologists ("CSPG") Annual Convention & Exhibition 2016 at the BMO Centre at Stampede Park, Calgary on Monday 20 June 2016 a paper titled "Unconventional Gas Potential in the Northern Territory, Australia: Exploring the Beetaloo Sub-Basin". The paper will be presented by Dr. David Close, Chief Geologist and Unconventional Exploration Manager, Origin Energy.

Hopefully this will spark a few of the journo's and market commentators who might be present too.

Meanwhile, I sent Philip an email today suggesting that he get both company's websites up to scratch as they are both out of date - FalconAustralia's is woefully bad. He has responded that this will be done this week.

So what's happening in the near future?

1. They'll case Amungee this month and then frack early July.

2. They'll drill a vertical well in the South of the claim, 85kms South of Amungee.

3. They'll drill a vertical well in the Northern-most part of the claim, the purpose of which is to test for liquids. Presumably not water. Weak joke.

4. Then a decision will be taken which well - the one in the South or in the North - to frack.

This info should be available on the website in the coming days.

Philip is also very confident that the EL will be awarded in SA in the coming months too, which is also likely to have an impact on the sp.

So, long-suffering fellow shareholders, it does seem likely that something positive might happen to the share price between now and the end of the year.

And I happen to believe in Sanata too.

Go the Bird.

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