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: XOM Vs Chinese
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Let us compare

XOM was to pay us $50M and essentially get 1/2 of Falcon Oil (at the time) if F1 was a success.

This was viewed as an amazing deal and SP went north of $1

The deal falls through and SP plummits...

now - new management and

Chinese pledge $70M, take far far less than 1/2 of company

SP goes up nil

Are we looking at an opportunity here?

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Re: XOM Vs Chinese
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Shepp
Dec 06, 2010 06:46PM
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