Craig McKinlay and James Orr�s men were desperate to follow on from last week�s impressive 4-1 against BSC at Alloa�s Indodrill Stadium with victory in this reverse Lowland League fixture.
And Colts looked to be on course to repeat the feat after Sean Brown and Jamie Waddell put the Cumbernauld men in control.
But goals from Ciaron Donnelly and Stevie Murray allowed the league leaders to take a share of the points, although Colts should have won it at the death when Craig Murray�s penalty was saved by Ryan Marshall.
Colts made the perfect start in 5 minutes when Michael Wallace flicked a long clearance into the path of Brown, and the big striker rifled a left foot shot from the edge of the box into the bottom corner of Marshall's net.
Colts struggled to take a hold of the game despite their one goal advantage and it was the visitors who had the better of possession in the first half hour and began to increase the pressure on the Colts defence.
And just before the half hour mark Martin Grehan flashed a volley across the face of goal for the visitors which shaved the far post with Fahey at full stretch.
And BSC went close again in 32 minutes when a corner from Murray was headed towards goal by Ross McMillan but Brown showed his defensive qualities blocking the ball on the line before the danger was cleared.
However Colts always looked dangerous on the counter attack they grabbed an important second goal in 40 minutes.
Brown chased down a loose ball which broke to Stephen O'Neill on the right side of the box, and the winger squared the ball to Waddell at the far post who slid the ball past Marshall from close range.
But right on the stroke of half time the visitors pulled a goal back when a long ball into the Colts box caused problems and Donnelly was on hand to slam the ball past Fahey from just inside the box.
BSC started the second half brightly and in 50 minutes and they drew level when Murray collected the ball 25 yards from goal and unleased a powerful left foot shot which flew past Fahey into the bottom corner.
The game was becoming increasingly open as both teams searched for the important third goal, and just after the hour mark only a tremendous low stop from Fahey prevented Grehan putting BSC in front.
As the game entered the closing stages the game became more stretched and heated with both team's desperate for all three points.
And it was Colts who had the best opportunity to win the game in 80 minutes when Gavin Lachlan was fouled inside the box and the referee pointed to the spot.
Murray stepped up to take the spot kick and looked confident but his powerful effort was superbly blocked by Marshall.
In the aftermath of the penalty there was an exchange between Grehan and O'Neill which resulted in the BSC man receiving a second yellow and an early bath.
However, Colts couldn't take advantage of the extra man in the closing stages and in the end both teams had to settle for what would be best described as a deserved share of the points.
Colts will now look to build on the four points taken from the league leaders in the past two games when they entertain Edusport Academy this coming Friday at Broadwood.