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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 Tomkinson Aug 12, 2009 12:43pm
314 Views
Post# 16212426

RE: RE: RE: RE:RE: FO RTQ $.49 AND DROPPING

RE: RE: RE: RE:RE: FO RTQ $.49 AND DROPPINGAccumulation, which means exactly that to accumulate in such as a way as to have more with out affecting the price in an adverse way so as to make it so that is more expensive to purchase (Dow Theory). Accumulation was the first stage, then came the buying on indicators and finally the retail traders who usually buy at a premium before it retreats.$0$0$0$0Later Elliott elaborated this theory into the Elliott Wave.$0$0$0$0$0During accumulation the price has little upward effect, when it does so it become the second part the rise. Also since the begining of the year Falcon has stayed within it's price channel. I admit that it is at the bottom of this channel, but has not broken down as of yet.$0
Bullboard Posts