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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: trading volume and possible news?

Oct 05, 2012 10:30PM

PetroHunter has about 26 million shares of Falcon per their 2009 press releases http://www.petrohunter.com/news.php and a 25% interest in Falcon Australia if I'm not mistaken. Solyomtwo can probably confirm this fact. For all intents and purposes PetroHunter is only existing due to its interests in Falcon. Otherwise it would probably go away. PetroHunter owns Sweetpea. They are heavy in debt and will only survive and pay off debts if Falcon produces in Australia. For the past year it has been trading for one cent and in the past week has jumped to 3 cents. They normally don't see a 100,000 in shares selling and now it has had a few days of millions of shares. If I see that kind of activity - I would think we are going to hear something about Falcon Australia.

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