Falcon Oil & Gas Ltd. - Director and Officer Pu...

Falcon Oil & Gas Ltd.

(“Falcon”, “Company”)

Director and Officer Purchase of Common Shares of Falcon

04 January 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that directors and officers have purchased an aggregate of 1,600,000 common shares in Falcon.

Details of the respective purchases are included in the table below:

Name	Number of Common Shares purchased	Total number of Common Shares held after purchase	P ercentage of issued share capital held after the purchase
Joe Nally – Non - Executive Chairman	500,000	500,000	0.05%
Philip O’Quigley – Chief Executive Officer	500,000	3,513,696	0.36%
Anne Flynn – Chief Financial Officer	200,000	200,000	0.02%
Daryl Gilbert - Non - Executive Director	200,000	200,000	0.02%
Gregory Smith – Non - Executive Director	200,000	670,000	0.07%

Ends.

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	[phone]
Philip O'Quigley, CEO	[phone]
Anne Flynn, CFO	[phone]
Cenkos Securities plc (NOMAD & Broker)
Neil McDonald / Derrick Lee	[phone]
Camarco
James Crothers / Rebecca Waterworth / Billy Clegg	[phone]

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.

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

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.

Director / PDMR Shareholding

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	John Joseph Nally
2	Reason for notification
a)	Position/Status	Non - Executive Chairman
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falcon Oil & Gas Ltd.
b)	LEI	213800KQY87Z1KNPIM76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common shares in the Company AIM: FOG TSXV: FO
b)	Nature of the transaction	Purchase of common shares in the Company
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP£0.078	Purchase an aggregate of 254,809 common shares in the Company on 30 December 2021
		GBP£0.08	Purchase an aggregate of 245,191 common shares in the Company on 31 December 2021
d)	Aggregated information Aggregated volume Price	500,000 common shares GBP£39,490.38
e)	Date of the transaction	30 December 2021, 31 December 2021
f)	Place of the transaction	AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Philip O’Quigley
2	Reason for notification
a)	Position/Status	CEO
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falcon Oil & Gas Ltd.
b)	LEI	213800KQY87Z1KNPIM76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common shares in the Company AIM: FOG TSXV: FO
b)	Nature of the transaction	Purchase of common shares in the Company
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		GBP£0.08	Purchase an aggregate of 500,000 common shares in the Company
d)	Aggregated information Aggregated volume Price	500,000 common shares GBP£40,000
e)	Date of the transaction	29 December 2021
f)	Place of the transaction	AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gregory Smith
2	Reason for notification
a)	Position/Status	Non - Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falcon Oil & Gas Ltd.
b)	LEI	213800KQY87Z1KNPIM76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common shares in the Company AIM: FOG TSXV: FO
b)	Nature of the transaction	Purchase of common shares in the Company
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		CAD$0.13	Purchase an aggregate of 200,000 common shares in the Company
d)	Aggregated information Aggregated volume Price	200,000 common shares CAD$26,000
e)	Date of the transaction	30 December 2021
f)	Place of the transaction	TSXV

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Daryl Gilbert
2	Reason for notification
a)	Position/Status	Non - Executive Director
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falcon Oil & Gas Ltd.
b)	LEI	213800KQY87Z1KNPIM76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common shares in the Company AIM: FOG TSXV: FO
b)	Nature of the transaction	Purchase of common shares in the Company
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		CAD$0.135	Purchase an aggregate of 200,000 common shares in the Company
d)	Aggregated information Aggregated volume Price	200,000 common shares CAD$27,000
e)	Date of the transaction	31 December 2021
f)	Place of the transaction	TSXV

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anne Flynn
2	Reason for notification
a)	Position/Status	CFO
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Falcon Oil & Gas Ltd.
b)	LEI	213800KQY87Z1KNPIM76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common shares in the Company AIM: FOG TSXV: FO
b)	Nature of the transaction
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		CAD$0.13	Purchase an aggregate of 200,000 common shares in the Company
d)	Aggregated information Aggregated volume Price	200,000 common shares CAD$26,000
e)	Date of the transaction	31 December 2021
f)	Place of the transaction	TSXV