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

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Falcon Oil applies for share listing on AIM, ESM

Happy New Year to all 13,000 of you.

I would suggest that these were the excersise of existing options and will be of little change in the FO status. The options were granted to people "In the Know" and would be timely if in fact the news, not small news, is pending. So I would interpret it as a good sign.

Further more, the buyout of the royalties, would indicate that Falcon sees a value that is greater than 1B, or about 7 times greater than its trading value.

I have read all the posts regarding patience, one of my weakest quallities but reading between the lines and the strategy to date.....we can't be that far off.

Rest well Mr. Craven and Mr. O'Quigley for I have a guarded optimism that the first weeks of 2014 will be quite active for you.

Spazz

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