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: Trade Resumption - Falcon Oil & Gas Ltd. - FO - Exxon Gone??

Oct 08, 2009 10:40AM

Oct 08, 2009 11:01AM

Oct 08, 2009 11:06AM

Oct 08, 2009 11:07AM

"Falcon has recommended additional fracture stimulations at 3,942 and 3,906 meters. The Company believes that the remaining capital within the Initial Work Program budget is sufficient to complete this testing".

This wording may be key for any real hope of Exxon continuing with the project. If Falcon has recommended "additional fracture stimulations" - then the only entities they could be recommending this to would be Exxon/Mol which seems to indicate that the JV may still be alive at this point in time. Only 7 minutes to live trading down to the 20 cent level. Regards Paul

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