DUBLIN, IRELAND--(Marketwired - Aug 29, 2013) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) ("Falcon") announces its results for the six months ended 30 June 2013; and that it has filed its Interim Financial Statements with the TSXV for the six months period ended 30 June 2013 and the accompanying Management's Discussion and Analysis. The following should be read in conjunction with the complete Interim [...]
DUBLIN, IRELAND--(Marketwired - Jul 24, 2013) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO) (AIM:FOG) (ESM:FAC) ("Falcon" or the "Company"), is pleased to announce that it has offered to purchase shares from certain of the remaining shareholders in Falcon Oil & Gas Australia Ltd. ("FOGA"). FOGA is a subsidiary of Falcon and is the registered holder of four exploration permits in the Beetaloo Basin, Northern Territory [...]
Falcon Oil & Gas, is pleased to announce that initial drilling operations on the Kútvölgy-1 well have ceased, the well having reached total depth ("TD") of 3,305 metres. Kútvölgy-1 is the first of a planned three well programme to evaluate the gas potential of the Algyö formation in the Máko Trough. As prognosed, the top of the Algyö formation was encountered at 2,985 metres; the well then penetrating an alternating sequence of sandstones, siltstones and shales over a gross interval of 320 metres to TD, with gas shows throughout. Two conventional cores have been taken and extensive wireline logs were ru... [...]
Falcon Oil & Gas, announces that, further to its press release dated the 11th July 2013, it has now completed the acquisition of Sweetpea Petroleum Pty 50 million shares or 24.22% interest in Falcon Oil & Gas Australia Limited.
Falcon Oil & Gas, announces that, further to its press release dated the 24th May 2013, it has received approval from the shareholders of Falcon Oil & Gas Australia for the acquisition of Sweetpea Petroleum Pty 50 million shares or 24.22% interest in FOGA. Closing of the acquisition is anticipated to occur within the next 5 business days and is subject to TSX Venture Exchange final approval.
Falcon Oil & Gas, is pleased to announce that it has repaid the full amount outstanding on its Convertible Loan Note of CAD $10.657m. The 11% Convertible Debt was issued on 30th June 2009 to a small number of Institutional and retail debenture holders and was due to expire on the 30th June 2013. The conversion price at the time of the Issue was CAD 0.60 per common share.
Falcon Oil & Gas, announces that Hess Australia, did not elect to commit to drilling the five wells required to earn their interest in the Beetaloo permits by the agreed deadline of 10pm Friday the 28th June. In accordance with the Participation Agreement dated 28th April 2011, as amended on the 2nd August 2012, which granted Hess the first extension, failure to elect on time means that Hess forfeits their right to earn [...]
Falcon Oil & Gas is pleased to announce that further to its announcement on 23 May 2013, the first of three exploration wells "Kútvölgy-1", to evaluate the gas potential of the Algyö Formation at a depth of approximately 3,000m in the Mako Trough, was spudded on the 11th June, 2013. Drilling of this first well is expected to take approximately 40 days. It is planned to drill into the Algyö Formation, log and suspend the [...]
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