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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 rustycaton Jul 28, 2016 10:10am
100 Views
Post# 25091440

RE:960K in Ca, and 240k in US, 2 hours into day

RE:960K in Ca, and 240k in US, 2 hours into dayVol, continuing...
Although the sp is down .01, there seems to be a motivated seller at this level.  In the US, at 30 min into the day, 500K traded.  In Canada a bit more than that.  Guess we'll see if vol. prestages share price movement, and if so, which way will it go.
It would seem that this might be an example of a final puke out and selling at the bottom for retail.  It would seem, based on the published timelines that nothing material in the field could be in play at this point.
As a point in history, FO has not had two back to back over a million shares traded days this year.
Bullboard Posts