Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
My blog:
  • Falcon Oil & Gas Nears Completion Of Australia Deal 0 comments
    Jul 11, 2013 2:21 PM

    Falcon Oil & Gas (CVE:FO) (LON:FOG) said investors in the Australian company that owns its exploration permits in the Beetaloo Basin, Northern Territory, have signed off Falcon's acquisition of a further 24.22% of the business.

    The C$22.6mln deal with Sweetpea Petroleum will give London and Toronto-listed group 96.9% of Falcon Oil & Gas Australia.

    The purchase is expected to close in the next five days.

    Falcon chief executive, Philip O'Quigley, said: "We look forward to completing this successful consolidation of our interest in this high potential asset in the Beetaloo Basin, Northern Territory, Australia.

    "The extensive seismic programme carried out and funded byHess over the past two years added to our confidence in the resource potential of this very prolific basin."

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.