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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
Comment by DaycareKid007on Mar 05, 2007 12:32pm
547 Views
Post# 12356690

RE: Pure Spec value

RE: Pure Spec valueI am well aware of MGI's Speculative price targets for this stock but even those is assuming that this thing will flow. Maybe I misunderstand what fair value is. To me fair value is something that is measurable, if I was measure this stocks fair value based on it assets and confirmed output I would be surprised if it would be even 75 cents. I agree with you that this this will most likely push up to around 4.00 on pure speculation by the last week of March or first week of April. I guess we just view "value" differently. All that aside, I hope we and MGI hit the price target of $8.00. Speculative value or fair market value it won't matter because in the end money is money and with a little good fortune we will have a lot of spare change. Hopefully we both get this one atgold. By the way didn't mean to offend, the pumpers are all getting to me. GLTA
Bullboard Posts