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Falcon Oil & Gas Ltd. Announces Negotiations Relating to an Extension of Letter of Intent With Macquarie Bank
Falcon Oil & Gas Ltd. Announces Negotiations Relating to an Extension of Letter of Intent With Macquarie Bank.
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n\nBUDAPEST, Hungary, Jan. 31 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO)\nannounced today that it is negotiating with Macquarie Bank Limited\n(\"Macquarie\") to extend the term of the nonbinding letter of intent relating\nto a credit agreement which would provide Falcon with a US$250,000,000 credit\nfacility as announced in the press release dated October 4, 2006.\n\n\nAbout Falcon Oil & Gas Ltd.\n\n\nFalcon Oil & Gas Ltd. is a British Columbia corporation which is in the\nbusiness of oil and gas exploration and production. It has operations in\nHungary through its wholly-owned subsidiary TXM Oil and Gas Exploration, and\nin Romania through its wholly-owned subsidiary JVX Energy Corporation. Further\ninformation about Falcon is available at www.falconoilandgas.com.\n\n\nContacts:\nFalcon Oil & Gas Ltd.\nMarc A. Bruner, President, Chairman & CEO\nMichael K. Lam, Corporate Development North America\n(416) 303-8810\nAlexander Hubbard-Ford, Corporate Development Europe\n+44 (0) 79 8448 1541\n\nCanada - Brisco Capital Partners Corp\nGraeme Dick\n(403) 313-9663\n\nUnited Kingdom - 4C-Burvale\nCarina Corbett\nJohn Carrick-Smith\n+44 (0) 20 7559 6710\n\n\nIn the interests of providing Company shareholders and potential\ninvestors with information regarding the Company, including the Company's\nassessment of its and its subsidiaries' future plans and operations, certain\nstatements included in this press release may constitute forward-looking\ninformation or forward-looking statements (collectively, \"forward-looking\nstatements\"). All statements contained herein that are not clearly historical\nin nature are forward-looking, and the words \"anticipate\", \"believe\",\n\"expect\", \"estimate\" and similar expressions are generally intended to\nidentify forward-looking statements. Similarly, forward-looking statements in\nthis press release include, but are not limited to anticipated developments of\nthe Company's drilling project in Hungary and the timing thereof, the\nCompany's drilling project in Romania and the timing thereof, capital\ninvestment levels and the allocation thereof, pipeline capacity, government\nroyalty rates, reserve and resources estimates, the level of expenditures for\ncompliance with environmental regulations, site restoration costs including\nabandonment and reclamation costs, exploration...