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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Post by daskon Apr 25, 2006 12:49pm

218 Views

Post# 10740469

Is this overraction???

considering that Mr Lairds departure has knocked of somewhere around $300 mil of the stock that is significant. Would it not be better to have left him on the Board and just added Dr Szobo. The logic elutes me? Current information has not changed and by having a Local person who is experience on the board only makes sense, is Mr lairds departure overdone and FO is again a buying opportunity that these prices and information?

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