Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s): FOLGF

Energy Oil & Gas E&P

Falcon Oil & Gas Ltd. is an international oil and gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the portfolio focused in Australia, South Africa and Hungary. Its principal interest is located in two underexplored basins in Australia and South Africa, with further interest in Hungary, covering over 12.3 million gross acres. Its Beetaloo Sub-basin project is located in the Northern Territory, over 600 kilometers south of Darwin. The Company holds a Technical Cooperation Permit, covering an area of over 30,327 square kilometers in the southwest Karoo Basin, South Africa. The Karoo Basin contains thick, organic rich shales, such as the permain whitehill formation representing the focus of shale gas permit applications. Its Mako Production License (Mako Trough) is a sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. Mako Trough includes two plays: Mako Shallow Play and Mako Deep Play.

TSXV:FO - Post by User

Falcon Oil & Gas Ltd

Bullboard Posts

Post by jamieb3on Nov 21, 2007 1:08pm

385 Views

Post# 13845042

Best guess

Trading halts generally less than 2 hours. Seems to be taking the service a long time to digest the news. Points to complex joint venture being set up. Am waiting in cash to see which way it goes. Bad news is going to provide an opportunity. FO is already at rock bottom. Dont kid yourself. 11 cents a share and that gas is there. It may be uneconomic, but it is not worthless. GL all.

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