Falcon Oil & Gas Ltd 是一家从事非常规石油和天然气资产勘探和开发的国际石油和天然气公司，很高兴确认公司于 2024 年 4 月 18 日公布的拟议筹资结果。

公司可以确认询价已完成，Falcon 有条件地筹集了 c 的总收益。通过认购和配售 490 万美元（约合 390 万英镑），发行总数为 64,794,087 股新普通股，发行价为每股 6 便士。

正如之前宣布的，在本次融资的同时，Falcon Oil & Gas Australia Limited（“alcon Australia”）已同意授予 Daly Waters Energy, LP（“Daly Waters”）和一家美国主要能源行业服务提供商的优先权。 Falcon Australia 在 Beetaloo Sub Basin 勘探许可证中的工作权益的特许权使用费（“RRIs”），分别换取 300 万美元和 100 万美元的现金支付。 ORRI 的授予须待最终法律文件达成一致并提交给澳大利亚北领地政府进行注册后方可完成。

筹资净额，连同公司现有现金资源约 430 万美元、Falcon 应收 Tamboran 的净结转余额 375 万澳元以及授予 ORRI 的对价（如果最终确定） ，将主要用于资助 Falcon 在 2024 年拟议的 Shenandoah South 试点项目（“ilot”）中所承担的估计资本支出份额，包括钻探两个 3,000m 水平井澳大利亚 Beetaloo 次盆地的两口井的增产及流动测试。这些收益还将使 Falcon 能够为试点地区周围 330 平方公里的 3D 地震勘测计划的成本份额提供资金，预计将于 24 年第四季度收购，并于 25 年第一季度提供处理结果。

Sheffield Holdings LP 参与
Daly Waters 的附属公司 Sheffield Holdings LP（“Sheffield”）已认购总计 19,912,791 股新普通股，作为认购的一部分。发行新普通股后，谢菲尔德将拥有116,386,398股普通股的权益，占扩大后已发行股本的10.49%。超过 10% 将导致 Sheffield 成为公司的内部人员，这需要 TSX 风险交易所的批准。因此，谢菲尔德对认购的参与将分两批进行——首先，通过向谢菲尔德发行 13,274,194 股新普通股（这些股份将与其他配售股份和认购股份（一起）一起在 AIM 上发行并允许交易） ，“首次准入”）），其次，通过向 Sheffield 发行另外 6,638,597 股新普通股（在 TSX Venture Exchange 批准 Sheffield 作为公司内部人士后，这些股票将获准在 AIM 上交易（ “第二次入学”））。

董事参与
公司董事Thomas Layman 参与了本次募资。他根据认购事项有条件认购的新普通股数量，以及他在首次入场时所持有的股份如下：

入场申请 筹款的
条件是新普通股获准在另类投资市场 (AIM) 交易，并且多伦多证券交易所创业板的批准。预计构成首次接纳一部分的相关新普通股（即 58,155,490 股新普通股）将于 2024 年 4 月 26 日进行结算，接纳将生效，这些新普通股将于上午 8 点在 AIM 开始交易2024 年 4 月 26 日。新普通股要到发行日后四个月零一天后才会在多伦多证券交易所创业板交易市场上交易。

新普通股一经发行，将受公司章程的约束，并入账为缴足股款，并在所有方面与现有普通股享有同等地位，包括收取所有已宣派、作出的股息和其他分配的权利或于配售股份发行日期后就该等普通股支付。首次接纳后，公司已发行股本总额将为 1,102,502,915 股普通股。有关第二次录取的事宜将另行发布公告。

Falcon Oil & Gas Ltd, the international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, is pleased to confirm the results of the proposed Fundraising announced by the Company on 18 April 2024.

The Company can confirm that the Bookbuild has been completed and Falcon has, conditionally, raised gross proceeds of c. $4.9 million (c. £3.9 million) through the Subscription and Placing, for a total number of 64,794,087 New Common Shares at an Issue Price of 6p per share.

As previously announced, alongside the Fundraising, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has agreed to grant Daly Waters Energy, LP (“Daly Waters”) and a major US-based energy industry service provider overriding royalty interests (“ORRIs”) over Falcon Australia’s working interests in the Beetaloo Sub-Basin exploration permits in return for cash payments of US$3 million and US$1 million, respectively. Completion of the grant of the ORRIs is subject to agreement of final legal documentation and to submission to the Northern Territory Government, Australia for registration.

The net proceeds of the Fundraising, together with the Company’s existing cash resources of c.US$4.3 million, the balance of Falcon’s net carry of A$3.75m due from Tamboran and the consideration from the grant of the ORRIs, if finalised, will primarily be used to fund Falcon’s share of estimated capital expenditure in respect of the work to be carried out on the proposed Shenandoah South Pilot Project (the “Pilot”) in 2024, including the drilling of two 3,000m horizontal wells and the stimulation and flow test of two wells in the Beetaloo Sub-basin, Australia. These proceeds will also enable Falcon to fund its share of the cost of the planned 330km2 of 3D seismic survey around the Pilot area, which it is expected will be acquired during Q4 24 with processed results being available by Q1 25.

Sheffield Holdings LP Participation
Sheffield Holdings LP (“Sheffield”), an affiliate of Daly Waters, has subscribed for a total of 19,912,791 New Common Shares as part of the Subscription. Following the issue of the New Common Shares, Sheffield will have a total interest in 116,386,398 Common Shares, representing 10.49 per cent of the enlarged issued share capital. Exceeding 10 per cent will result in Sheffield becoming an insider of the Company, which requires the approval of the TSX Venture Exchange. Accordingly, Sheffield’s participation in the Subscription will be effected in two tranches – firstly, through the issue of 13,274,194 New Common Shares to Sheffield (which will be issued and admitted to trading on AIM alongside the other Placing Shares and Subscription Shares (together, the “First Admission”)) and, secondly, through the issue to Sheffield of a further 6,638,597 New Common Shares (which will be admitted to trading on AIM following TSX Venture Exchange approval of Sheffield as an insider of the Company (the “Second Admission”)).

Director Participation
Thomas Layman, a Director of the Company, participated in the Fundraising. The number of New Common Shares conditionally subscribed for by him pursuant to the Subscription, and his resulting shareholding on First Admission, is set out below:

Application for Admission
The Fundraising is conditional on the admission of the New Common Shares to trading on AIM and the approval of the TSX Venture Exchange. It is expected that settlement of the relevant New Common Shares forming part of the First Admission (being 58,155,490 New Common Shares) will occur on 26 April 2024 and that admission will become effective and dealings in those New Common Shares will commence on AIM at 8.00 a.m. on 26 April 2024. The New Common Shares will not trade on the TSX Venture Exchange Market until the date that is four months and a day after the day of issuance.

The New Common Shares will, when issued, be subject to the articles of association of the Company and credited as fully paid and will rank equally in all respects with the existing Common Shares, including the right to receive all dividends and other distributions declared, made or paid in respect of such Common Shares after the date of issue of the Placing Shares. The Company’s total issued share capital following First Admission will be 1,102,502,915 Common Shares. A separate announcement will be made in respect of the Second Admission.