Falcon holds almost 15 million acres prospective for mulitple BBO and TCF in three major underexplored basins in Hungary, Australia, and South Africa.

	Beetaloo Basin, Australia 7,000,000 acres onshore covering almost the entire Beetaloo Basin Joint Venture with Hess in 2011, $55MM seismic data acquired in 2011/2012. Option to drill 5 wells (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 Cooperation Agreement with Chevron signed in Dec 2012
	Makó Trough, Hungary 245,775 acres in the Mako Trough, Central Pannonian Basin Jan 2013: 3 wells drilling program agreed with NIS (subsidiary of GazProm)  35-year Production License granted May 21, 2007