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

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Comment by thesheeton Sep 13, 2012 8:58am

517 Views

Post# 20355568

RE: now it is SA shale

Yes, 700 million shares is pretty high, I am balking at investing here...

Any old timers around can explain why so high?

If the share issuance was for more or less acretive reasons. Land purchase ahead of the competition etc, then I can live with it.

There is a silver miner, aurcana that diluted the pee pee out of us, but it was acretive (basically). It fast-tracked mine development and now good things are happening which would've taken years to deal with...

thesheet

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