Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Financing
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Jun 19, 2009 05:27AM

Jun 19, 2009 06:19AM

Re: Financing

in response to by
posted on Jun 19, 2009 06:32AM

>exxon initally was hoping we wouldn't have cash the first time around...

Back in November 2007 a lot of people thought that Falcon didn't have the wherewithal to survive, let alone to raise $40 milion in cash. Well, Falcon proved them wrong, and they have reeled in Exxon as a partner.

This time around Falcon did even better, to raise $55 million in todays financial climate is no small feat. It would be equivalent to raising $250 million in 2007's terms.

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