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: yes

Re: yes - theknight

in response to by
posted on Oct 28, 2009 07:21PM

In total you are saying that Falcon needs to come up with around $30 million by the end of next June. This may seem to be allot right now given the current share price and possiblity that Exxon will not move to phase 2. However, if Exxon does move to phase 2 or Merrill is successful in finding a JV for the recently updated Beetaloo holdings, then this is not a very big stretch. For my money, (which is just about all gone on a stock that can always be bought for a cheaper price if you just wait a day or two), I will wait to see what transpires over the next few months (60 to 90 days is the Falcon way). Regards Paul

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