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: Can Falcon follow UPL or can it even fly higher ?

Ocean,

Let us see, Falcon has 566,910,413 shares currently outstanding. Your figure of $100 per share implies a market capitalization of $56,671,041,300 in Canadian funds. I'm afraid that this rather lofty market cap would require either astronomically higher natural gas prices and/or a really huge drop in the value of the Canadian dollar along with an absolutely best case scenario in terms of the amount of gas actually recoverable from the Mako. I will be very, very happy for the time being if FO gets to $10.00. However, the real question is that posed by Lan concerning Exxon's ability to actually get at the gas in the field and recover it at a profitable price.

Enjoy the moment they come not often.

Doc

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