Ownership issue

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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solyomtwo

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Ownership issue

posted on Mar 09, 2010 09:25PM

I think the ownership issue clearly spelled out by MPS in their promotional brochure.

http://www.mpsecurities.com.au/uploads/174.pdf

Falcon Australia, the wholly owned subsidiary of TSX Listed Falcon Oil and Gas, held 75% of EP 76, 98, 99 and 117, with US Listed Petrohunter Energy Corporation (through its wholly-owned subsidiary Sweetpea Petroleum Pty Ltd) holding 25%.

The interests have been merged into Falcon Australia, with Falcon Oil and Gas owning 75% and PetroHunter owning 25%.

Falcon Australia is now seeking up to US$50m in Pre-IPO capital, prior to a Listing on ASX in 2010.

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