Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Shareholder Information
March 23 2022 - 3:00AM
UK Regulatory
TIDMFOG
Falcon Oil & Gas Ltd.
("Falcon" or the "Company")
Shareholder Information
23 March 2022 -- Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG)
notes recent commentary regarding sanctions being imposed on Mr.
Viktor Vekselberg.
Falcon is incorporated in British Columbia, Canada and its
shares are traded publicly on the Toronto TSX Venture Stock
Exchange and on the AIM market operated by the London Stock
Exchange.
According to public disclosure of shareholdings, Lamesa Holding
S.A. ("Lamesa") holds 16% of Falcon's issued share capital. Mr.
Viktor Vekselberg is a beneficiary of the foundation which holds
100% of the shares of Lamesa. Neither Lamesa nor Mr. Viktor
Vekselberg have any influence or control over the operations of
Falcon and/or its subsidiaries and their businesses.
The Beetaloo joint venture in Northern Territory Australia is a
joint venture between Origin Energy B2 Pty Ltd., a wholly owned
subsidiary of Origin Energy Limited ("Origin") (77.5%) and Falcon
Oil & Gas Australia Limited (22.5%), a 98% subsidiary of
Falcon. Origin as operator and majority owner has control over all
activities in the Beetaloo joint venture. Lamesa has no
shareholding in Falcon Oil & Gas Australia Limited other than
through its minority shareholding in Falcon, and has never had any
influence or control over the operations of the Beetaloo joint
venture.
In April 2018, the United States imposed sanctions on Mr. Viktor
Vekselberg. The effect of these US imposed sanctions is that
Lamesa's shareholding in Falcon has been quarantined since April
2018.
For as long as the US imposed sanctions over Mr. Viktor
Vekselberg remain in place, Lamesa's shares in Falcon remain
quarantined and Mr. Viktor Vekselberg:
-- Cannot benefit directly or indirectly from any dividends paid by Falcon
or Falcon Oil & Gas Australia Limited.
-- Cannot benefit directly or indirectly from the proceeds of any sale of
Lamesa's shares in Falcon.
-- Cannot vote Lamesa's shares at any meeting of Falcon's shareholders.
Ends.
CONTACT DETAILS:
Falcon Oil & Gas Ltd. +353 1 676 8702
Philip O'Quigley, CEO +353 87 814 7042
Anne Flynn, CFO +353 1 676 9162
Cenkos Securities plc (NOMAD &
Broker)
Neil McDonald / Derrick Lee +44 131 220 9771
Camarco
James Crothers / Rebecca Waterworth
/ Billy Clegg +44 (0)20 3781 8331
About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas
company engaged in the exploration and development of
unconventional oil and gas assets, with the current portfolio
focused in Australia, South Africa and Hungary. Falcon Oil &
Gas Ltd is incorporated in British Columbia, Canada and
headquartered in Dublin, Ireland with a technical team based in
Budapest, Hungary.
Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of
Falcon Oil & Gas Ltd. Falcon Oil & Gas Australia Limited
and a wholly-owned subsidiary of Origin Energy Limited (ASX: ORG)
("Origin") are joint venture partners in respect of the Beetaloo
project.
For further information on Falcon Oil & Gas Ltd. please
visit www.falconoilandgas.com
About Origin
Origin is a leading Australian integrated energy company. Origin
is a leading energy retailer with approximately 4.2 million
customer accounts, has approximately 7,500 MW of owner and
contracted power generation capacity and is also a large natural
gas supplier. Origin is the upstream operator of Australia Pacific
LNG, which supplies natural gas to domestic markets and exports LNG
under long term contracts.
www.originenergy.com.au
Certain information in this press release may constitute
forward-looking information. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Falcon assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Falcon. Additional information identifying risks and
uncertainties is contained in Falcon's filings with the Canadian
securities regulators, which filings are available at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
(END) Dow Jones Newswires
March 23, 2022 03:00 ET (07:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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