In case you were wondering what has happened to the share price over the last few days...

Beginning last Thursday, an irregularity in the trading of Falcon Oil and Gas took place.

A number of trades took place that were well below the market price.. even going as low as .11/share... apparently these are trades that no one recognizes as legitimate...and they look to have spooked the market.

Falcon's CEO Philip O'Quigley spoke a little earlier saying "Falcon's attorneys are all over this, and will get to the bottom of it ASAP".

O'Quigley went on to say "there is absolutely NO negative news out there...certainly nothing that I am aware of, and I would know if there was... there is no bad news on Australia and our partner Hess, no bad news on Hungary and their tax ruling, and no bad news on South Africa and their (previous) positive ruling on drilling".

More to follow as it's available.