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 Tomkinson Sep 18, 2009 1:23pm

319 Views

Post# 16319010

Re: Falcon

This correction through the day is normal. The momentum on the 2 min chart has it's up and downs and can go negative. The momentum on the 30 min chart is still positive and above the trigger. If it goes below the trigger Bumper I'll have to agree with you, but after the 2 min charts momentum makes a move upward and the the price in turn turns farther up, will you admit something to yourself. See I can admit to an error, the question can you, or will you just disappear if your wrong.

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