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Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s):  FOLGF

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

Bullboard Posts
Post by LG3Poweron May 10, 2006 8:53pm
616 Views
Post# 10830057

Credit facility

Credit facilityJust pass threw document on Sedar, trying to understand the recent upward movement. Fact number 1 Find that the binding agreement for the credit facility has been extend until June 13th and conditions remain the same. Fact number 2 Form 51-101 Potential probable ressources of gas Fact number 3 Lot of document now avaiable since May 1st Personnaly, i think the upward movement is still there. FO always retract when institution manage to catch cheap share (weak hand).Retract for around 1 or 2 hour and return to previous high. Saw that reaction today , exactly like 2 weeks ago. Will not be surprise to see new HIGH CLOSE tomorrow around 6.25 Probably again 2 or 3 days with small increase and another peak to new 52 week high. Good luck friends
Bullboard Posts