Falcon Oil & Gas Ltd. Announces Filing of (Final) Short Form Prospectus

DENVER, COLORADO--(Marketwire - Dec. 22, 2008) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO - News) today announces that it has filed a (final) short form prospectus in order to qualify the distribution of 28,888,888 common shares issued for no additional consideration upon the automatic exercise of special warrants of Falcon previously issued to PetroHunter Energy Corporation in connection with the Beetaloo Basin transaction completed in October, 2008.

Source: Yahoo Finance