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: Interesting: Exxon, XTO and Falcon - giant hogweed
1
Jan 08, 2010 10:34AM

Great article! As the XTO purchase by Exxon will not be complete until I beleive April sometime, this adds more crediblility to Schultz's comments that Exxon will exercise their option in February (maybe at a slight discount?). XTO will not be allowed to review the logs and seismic data from Hungary until the takeover has been voted on, so it would be very premature for Exxon to take a pass on 12 trillion cubic feet without letting their new expert in the field have a detailed review. With the share price escalating 2 cents a day for 3 days (until today's profit taking) on very nice volume, you have to think that this Bloomberg article had already made the rounds prior to today. I certainly would be nice to see the continued higher volume and slight increase in share price continue until the end of February :)

Regards Paul

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