FALCON NATURAL GAS CORP.

FALCON NATURAL GAS CORP.

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Company Overview
Falcon Natural Gas Corp. is an American company engaged in the exploration of natural gas. The company was incorporated in December 2001 as Countryside Review Inc. It has its registered office in Houston, Texas, USA.
The company’s original business plan was to develop an online equestrian lifestyle magazine for the amateur rider and horse owner by filling the gap between horse care and lifestyle considerations.
The company focuses its efforts on making significant commercial hydrocarbon discoveries in North America for connection to the existing natural gas production infrastructure. For this purpose, it has acquired mineral rights to approximately 4,400 acres and 4,000 acres of high prospective properties in the southern part of Texas and in the Louisiana gulf basin. These exploration sites include St. Mary Parish, Beauregard Parish and Jeff Davis Parish in Louisiana, and Starr County, DeWitt County and Live Oak County in Texas.
The company has also entered into various participation agreements on low risk wells to establish positive cash flow and increase its asset base, including Peccan Station North Prospect, Hollins Prospect, Brookshire Weido Prospect, Norman Prospect and South Wilburton Prospect. It has formed strategic partnership with Edwin S. Nichols Exploration, Inc. (ESN), Stanotex, LLC, Vincent Oil and Gas Corp. (Vincent), Whitmar Exploration Company (Whitmar), Blue Ridge Energy, Inc. (BRE), Bayou City Exploration, Inc. and Southern Resource Company.
Business Summary
Falcon Natural Gas Corp. is focusing its efforts on making commercial hydrocarbon discoveries in North America, for connection to the existing natural gas production infrastructure. The Company has acquired mineral rights to 4,400-acres and 4,000-acres, respectively of prospective properties in the southern part of Texas and in the Louisiana gulf basin.
Description and history
Falcon Natural Gas Corp., incorporated on December 7, 2001, is focusing its efforts on making commercial hydrocarbon discoveries in North America, for connection to the existing natural gas production infrastructure. The Company has acquired mineral rights to 4,400-acres and 4,000-acres, respectively of prospective properties in the southern part of Texas and in the Louisiana gulf basin.

The Company acquired from Argyle Energy, Inc. (Argyle) oil and gas leases that entitle it to a 100% net working interest and a 70% net revenue interest in five tracts of land consisting of an aggregate of approximately 800 acres located in Starr County, Texas (Starr County Property). The Starr County Property is in close proximity to the Bob West gas field located in the Southeastern part of the State of Texas. Falcon entered into a letter agreement with Argyle to acquire various oil, gas and mineral leases located in St. Mary Parish, Louisiana. The Company refers to the 100% working interest and the 70% net revenue interest in oil, gas and mineral leases that it received from Argyle covering the acreage of land located in St. Mary Parish, Louisiana as the Wyandotte Property. On April 25, 2005, the Company entered into an agreement with Blue Ridge Energy, Inc. (BRE) respecting BRE’s performing the duties of an operator and otherwise managing all typical drilling, completion and production operations conducted on its Wyandotte property. On October 1, 2005, the Company entered into oil and gas well participation agreements with each of Blue Ridge Group, Inc. (Blue Ridge) and Bayou City Exploration, Inc. (Bayou City). On November 28, 2005, the Company entered into a participation agreement with Southern Resource Company (Southern), a Texas corporation, effective as of September 1, 2005, with respect to its acquisition from Southern of undivided interests in and to certain oil, gas and mineral leases in DeWitt County, Texas; its participation with Southern in additional oil, gas, and mineral leases within the target area, and its participation in the drilling of one or more wells in the target area.

During the period December 2005 through March 2006, the Company entered into various participation agreements on low risk wells to establish positive cash flow and increase its asset base. These participation agreements include Peccan Station North Prospect, Hollins Prospect, Brookshire Weido Prospect, Norman Prospect and South Wilburton Prospect. In March 2006, the Company entered into a participation agreement with Edwin S. Nichols Exploration, Inc. (ESN) respecting the Company’s participation in the re-entry, attempted re-drill and completion of up to three wells on the Pecan Station North Prospect located in Tom Green County, Texas. In March 2006, it entered into a participation agreement with ESN respecting its participation in up to three wells (Initial Wells) intended to be drilled on the Hollins Prospect located in Nolan County, Texas. On December 22, 2005, the Company entered into a participation agreement with Stanotex, LLC respecting its participation in the drilling and completion of a test well on the Brookshire Weido Prospect located in Waller County, Texas. Effective January 30, 2006, the Company entered into a participation agreement with Vincent Oil and Gas Corp. (Vincent) respecting its participation in a test well to be drilled by Vincent on the Norman Prospect located in Bee County, Texas. The test well is intended to be drilled to a vertical depth of approximately 14,900 feet to test the Wilcox sand formation. On March 21, 2006, the Company entered into a participation agreement with Whitmar Exploration Company (Whitmar) respecting its participation in the drilling of a test well on the South Wilburton Prospect located in Latimer County, Oklahoma.

Incorporated as Countryside Review Inc.

Business Line
Engaged in the exploration of natural gas
Subsidiary

Advisor
WILLIAMS & WEBSTER, P.S.
IPO date
11/7/2003
US SIC Code
1311
Company Address
Westchase Center, Suite 300
2500, City West Boulevard
City province or state postal code
77042, HOUSTON, TX
Phone: +1 713 267 2240
Fax: +1 713 456 2581
Country address: UNITED STATES OF AMERICA
Website url: www.falcongas.com