Re: Standard & Poor's Initiates Factual Stock Report Coverage on Falcon Oil & Gas
posted on
Apr 23, 2009 11:39AM
Developing large acreage positions of unconventional and conventional oil and gas resources
>You obviously dont grasp what needs to be done to keep a public company working
Falcon also has to keep TXM working, and TXM is still the official holder of the mining plot.
The environmental documents released in March in regards to testing of the Foldeak-1 had TXM's name on them, not ExxonMobil's. In other words, TXM is most likely still responsible for all the permitting, which I would imagine takes a considerable amount of effort.
The employee number could also be incorrect. The last official number we have was substantially lower
"As at December 31, 2007, Falcon and Mako together employed 11 full-time employees, no part-time employees and three full-time consultants. As at April 28, 2008, Falcon and Mako together employed 11 full-time employees, no part-time employees and three full-time consultants."
We should get a new 'official' number at the end of this month.