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: Falcon filing highlights - John

Aug 30, 2010 09:24PM

Thanks for posting all the key points from Falcon's most recent filings. It certainly looks like we are back to wishing for a miracle in the form of a white knight (not a black knight like we sometimes had in the past). The Australian fund raising looks quite dismal and now Falcon has delayed any real work on the Beetaloo for another year. You have to wonder what all the buying activity was generated by, but even that seems to have vanished with the drilling at Shenandoah. The best part is that Falcon no longer disappoints me, when the stock falls all the way back down, as I generally expect to see this one lower as long as Bruner can keep milking the piggy bank. The only reason I hang on to my remaining Falcon shares is my usual mantra of "hope" and pray that a joint venture partner will show up before Bruner has sucked every penny from Falcon! The resources in the ground (very deep and expensive to retrieve), that Falcon still has the rights to, are probably the largest of any junior oil and gas company in the world so maybe we will see that white knight before it is too late. Regards Paul

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