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: Recent news - A summary
6
Sep 07, 2009 11:00AM
Thanks for the refresher Lux. Good to remind ourselves on this Holiday break that we are still in position for possible good returns in the next weeks. And the buck to buck fifty sounds reasonable to me. I'll take that for now. Only item i have a commit on is the statement: Exxon is simply not in a hurry because there is no need for them to be. I am guessing their burn rate has gone down a bit since the initial drilling but they are still spending alot of money on this venture. And I am sure their financial wizards are keeping an eye on expenses and would prefer to know if they are going to cut bait or keep fishing sooner than later. To that point, I believe they already know they are going to proceed to the next phase or they would have been out by now. Just my opinion until they say otherwise...oh, it's a Holiday...got to get back to my margarita by the pool!!!! Happy Labor to all.

Sep 07, 2009 06:15PM
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