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Falcon Oil and Gas
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Falcon Oil and Gas (FO) CDN
(FO:TSX)
Average Volume: 1,855,465
52-Week High / Low: 5.97 / 0.79
Shares Outstanding: 312,121,000
Falcon’s expertise includes some of the world’s top oil and gas experts with several decades of highly successful unconventional and conventional natural gas drilling, development and production in North America. They are the first North American company to bring unconventional drilling and extraction technologies (developed in the tight gas sands of the U.S. Rocky Mountain region) to Europe. Falcon’s core global operations are focused in countries characterized by stable political leadership, a healthy, growing economy, a high regional demand for energy and an existing pipeline infrastructure that permits rapid delivery of oil and gas to market - a huge advantage over many other oil and gas companies. With the demand of oil and gas, Falcon’s progress could lead to another steady climb in share value.
Their announcement last month about the results of their property in Romania is just another stepping-stone for their success. It’s a bull market out there and energy resource companies are the reason why. Not many people know this, but Romania has considerable oil and gas reserves and also a large scale and highly developed refining industry. Romania extracts around 6 million tonnes of oil annually and its production is about to receive a major… boost through the excavation of a recently discovered large-size oil deposit in the Black Sea that started in 1999. Overshadowed by the recent demand in Alberta’s oil sands, Falcon’s properties have potential that most Canadian investors can’t appreciate or foresee.
Its understandable why the focus has been on the Alberta Oils Sands C it has the largest reserves in the world, next to Saudi Arabia. However, the elaborate pipeline and distribution system in Romania is very advanced and millions of dollars is currently being invested in these large-scale operations. Falcon also seems to have an edge when it comes to finding financing. They have successfully raised over $40 million in 2004 and “will carry that through 2005 and well into 2006.” What does this mean for Falcon? Well, with so many established junior companies being eclipsed by the larger companies, Falcon’s financial resource will make sure that they here to stay. In fact, Bill Harris, Partner & Portfolio Manager of Avenue Investment Management, featured Falcon on ROBtv as one of his picks. The below link will allow you to see this featured clip:
http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20050810.00031000-00031553-clip2/h/220asf///
With their last operational update and drill results a month behind, Streetinvesting.com will definitely be watching this company in both the short and long-term as we feel that its upside potential could grow even stronger.
Editor-in-Chief,
Streetinvesting.com
Streetinvesting.com has no vested interest in the above companies nor are they warranted in anyway.