Any FO shareholder should worry about PHUN as whether we like or not the link is established. Reading its recent news release on Audit issues and re-statement of financials, there is some serious issues with its flawed financials and management. I believe that this is currently affecting the price of FO too. It is not surprising to see PHUN at 0.08 and with no news on buckskin, it could go to 0.05 or lower by xmas ?

I tend to believe that the board of Falcon was aware of these issues before the farm-in but must have agreed that after balance sheet issues would be resolved, the company still had potential with its fields. In May, PHUN had announced some appointments of personnel with finance/accounting internal control backgrounds and we had the farm in August and in November its non reliance on previous financials came out.

If there is a news release on buckskin, the potential gain on PHUN once and if they get their house in order, could be substantial.... but imo not for the faint hearted.... but FO shareholders cannot afford to be unconcerned in the meantime...