FORT WORTH, TX--(Marketwired - Apr 24, 2015) - Falcon Crest Energy, Inc. (OTC: FCEN) (the "Company"), a development stage oil and gas exploration and production company, today affirms the desire to look into diversification of its business strategy.
"With oil and gas prices as low as they have been in the past six months, it has made it very difficult to obtain financing to fund the opportunities we have identified," stated CEO Patrick Johnson. Everyone in the industry is feeling the crunch of these prices, whether it be by lack of funding for projects, inability to operate assets they currently have, or by the lack of available capable partners to joint venture with. We feel that by looking at diversification into other more stable and lucrative business sectors, we can provide better and more sustainable shareholder value going forward."
About Falcon Crest Energy
Falcon Crest Energy is a development stage oil and gas exploration and production company focused on developing properties in North America. Falcon Crest plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Falcon Crest will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest seeks to rapidly increase production levels and generate predictable, sustainable value.
For more information, visit www.FalconCrestEnergy.com
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