TIDMFOG 
 
   Falcon Oil & Gas Ltd. 
 
   ("Falcon", "Company") 
 
   Granting of stock options 
 
   19 February 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces 
that on 18 February 2021 it granted incentive stock options ("Options") 
to purchase an aggregate of 38,000,000 common shares of Falcon to a 
number of recipients, including directors and officers under the stock 
option plan approved at Falcon's annual shareholders meeting held on 10 
December 2020. 
 
   The Options were granted at an exercise price of GBPGBP0.08 (equivalent 
to CDN$0.14) and GBPGBP0.12 (equivalent to CDN$0.21) respectively, 
details are included in the table below: 
 
 
 
 
                           Number of         Number of       Total number of 
                         Options granted   Options granted       Options 
Name                      at GBPGBP0.08     at GBPGBP0.12    held after grant 
JoAchim Conrad -- Non 
 - Executive Chairman          1,000,000         1,000,000          2,000,000 
Philip O'Quigley -- 
 CEO                          10,000,000        10,000,000         20,000,000 
Anne Flynn -- CFO              5,000,000                 -         11,000,000 
Daryl Gilbert -- Non 
 - Executive Director          1,000,000         1,000,000          2,000,000 
Gregory Smith -- Non 
 - Executive Director          1,000,000         1,000,000          2,000,000 
Maxim Mayorets -- Non 
 - Executive Director          1,000,000         1,000,000          2,000,000 
 
 
   The remaining 5,000,000 Options were granted to a consultant of Falcon 
and to a non-executive director of Falcon Oil & Gas Australia Limited, 
with 2,500,000 at an exercise price of GBPGBP0.08 and a further 
2,500,000 at an exercise price of GBPGBP0.12. 
 
   All of the Options granted have a vesting schedule allowing for 1/3 of 
the Options to vest immediately with an additional 1/3 vesting on each 
subsequent anniversary until the Options are fully vested on 18 February 
2023. The Options have an expiry date of 17 February 2026. 
 
   After this grant, there are 44,000,000 Options outstanding, representing 
4.48% of the issued and outstanding common shares of Falcon. 
 
   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 
 
   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. 
 
   For further information on Falcon Oil & Gas Ltd. please visit 
https://www.globenewswire.com/Tracker?data=E9KfLTI6QhFMZ9k3mGvD2b7R27UKhdgk5cvSLwO9igt6xya9-46pUkpVmH41HuBQR0-PSV_9lbcXHR69-AIrd_jRjxBAlvIT_AmO-hQewTg= 
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                                 JoAchim Conrad 
    -----------------------------------  --------------------------------------- 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)    Volume(s) 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.08  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.12  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)      Volume(s) 
    -----------------------------------  ------------  ------------------------- 
                                         GBPGBP0.08    Options in respect of 
                                                        purchase an aggregate 
                                                        of 10,000,000 common 
                                                        shares in the Company 
    -----------------------------------  ------------  ------------------------- 
                                         GBPGBP0.12    Options in respect of 
                                                        purchase an aggregate 
                                                        of 10,000,000 common 
                                                        shares in the Company 
    -----------------------------------  ------------  ------------------------- 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)    Volume(s) 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.08  Options in respect of 
                                                      purchase an aggregate 
                                                      of 5,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)    Volume(s) 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.08  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.12  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)    Volume(s) 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.08  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.12  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 
1   Details of the person discharging 
     managerial responsibilities/person 
     closely associated 
    -----------------------------------  --------------------------------------- 
a)  Name                                 Maxim Mayorets 
    -----------------------------------  --------------------------------------- 
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        Options in respect of common shares 
     Identification code                   in the Company 
                                           AIM: FOG 
    -----------------------------------  --------------------------------------- 
b)  Nature of the transaction            Grant of options 
    -----------------------------------  --------------------------------------- 
c)  Price(s) and volume(s)               Price(s)    Volume(s) 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.08  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
                                         GBPGBP0.12  Options in respect of 
                                                      purchase an aggregate 
                                                      of 1,000,000 common shares 
                                                      in the Company 
    -----------------------------------  ----------  --------------------------- 
d)  Aggregated information               N/A 
     --    Aggregated volume 
 
     --    Price 
    -----------------------------------  --------------------------------------- 
e)  Date of the transaction              18 February 2021 
    -----------------------------------  --------------------------------------- 
f)  Place of the transaction             Outside an exchange 
    -----------------------------------  --------------------------------------- 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 19, 2021 02:00 ET (07:00 GMT)

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