Yes, I love Waiting, as are those of the long-term Falcon investors. Waiting with anticipation for Falcon to prove that their discoveries in Hungary and Australia is the “mother of all reserves” – with billions and billions of barrels of oil and trillions upon trillions of natural gas that would transform a little known energy company into a very lucrative energy producer. Potentially hundreds of billion dollars value. Presently, I value Falcon between $1 and $1.35
In Australia, Ryder Scott estimates recoverable resources of 18 BBO and 64 TCF gas.
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In Hungary, RPS Scotia estimates recoverable resource potential of 44 TCF and 100 million barrels of oil.
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Once again, the backroom boys are not happy with the allocation of shares. Hence today’s price manipulation, and the influx of “tools” in the last few days.
Share allocations.