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: PHUN update re Buckskin Testing - Lanman
6
Jan 30, 2009 05:56AM

Notes6 said:

"Maybe a private placement could also be done that would keep the pressure off the stock, but ideally to a new investment bank and not to Avelar or Burlingame."

Yes. Falcon's board said:

"PetroHunter may sell, transfer or dispose of its interest through means other than on the TSXV, provided that the purchaser of such Common Shares does not have beneficial ownership of, over which control or direction is exercise, directly or indirectly as a result of such sale, more than 10% of the issued and outstanding Common Shares."

Roberto said:

"In addition Falcon could elect to become operator of the Beetalo project at no charge"

Also a possibility:

"one of Falcon’s remedies in the event of our default is for us to relinquish operatorship on our Beetaloo Basin Project."













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