Falcon Oil & Gas Ltd. ("Falcon")

Holdings in Company

12 February 2018 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) ("Falcon") has been informed by Burlingame Asset Management, LLC that they now hold 48,772,302 common shares of Falcon ("Shares"), representing 5.24% of Falcon's issued and outstanding Shares.

For further information, please contact:

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
Davy (NOMAD & Joint Broker)
John Frain / Anthony Farrell	+353 1 679 6363
RBC (Joint Broker)
Matthew Coakes / Martin Copeland	+44 20 7653 4000

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the acquisition, exploration and development of conventional and 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.

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

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