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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Comment by Mekeon Nov 22, 2012 2:57pm

360 Views

Post# 20632865

RE: RE: Trades Questioned

I would say that someone dumped at market price not knowing that there was no support .

Falcon Oil does not say why shares are down
Ticker Symbol: C:FO

Falcon Oil does not say why shares are down

Falcon Oil & Gas Ltd (C:FO)
Shares Issued 696,254,500
Last Close 11/16/2012 $0.19
Monday November 19 2012 - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. COMMENTS ON RECENT TRADING ACTIVITY

Falcon Oil & Gas Ltd. notes some irregular trading activity of its common shares that took place on Nov. 15, 2012.

The trades in question ranged in price between 11 cents and 11.5 cents, as compared with the closing price of 21.5 cents on Nov. 14, 2012. The company has brought the trades in question to the attention of the Investment Industry Regulatory Organization of Canada and has been advised by IIROC that normal procedures will be followed in response to the company's concerns.

Falcon wishes to confirm that management of the company is unaware of any specific reason, other than general market conditions, for the recent significant decrease in the company's share price. In particular, there have been no corporate developments or events to support this unusual activity.

We seek Safe Harbor.

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