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Falcon Oil & Gas Ltd. Comments on Inaccuracies in Vilaggazdasag News Story Referenced by Bloomberg
Falcon Oil & Gas Ltd. Comments on Inaccuracies in Vilaggazdasag News Story Referenced by Bloomberg.
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n\nBUDAPEST, Hungary, Jan. 10 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO)\n(\"Falcon\") and its wholly-owned subsidiary, TXM Energy LLC (\"TXM\") have\nannounced that a Bloomberg Press news story dated today, January 10, 2007 (the\n\"Bloomberg story\"), quotes a local newspaper, Vilaggazdasag, which contains\ninformation that is entirely false and misleading. Dr. Gyorgy Szabo was not\ncontacted or interviewed by Vilaggazdasag.\n\n\nFalcon/TXM and Dr. Szabo made the following official statement:\n\n\n\"The headline and the body of the text of Bloomberg's release contain\nstatements and quotes that are totally inaccurate regarding Falcon's plans and\nthe status of its operations. We deny and refute the misinformation conveyed\nin the story and want to be clear that Falcon and TXM are proceeding with our\noriginal schedule and doing business as usual.\"\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 (403) 313-9663\n\nUnited Kingdom - 4C-Burvale\nCarina Corbett\nJohn Carrick-Smith\n+44 (0) 20 7559 6710\n\n\nFalcon's discovered resources are not reserves. Only those quantities of\noil and gas that are anticipated to be economically recoverable from\ndiscovered resources are classified as reserves. Until such time as Falcon's\ndiscovered resources are proven to be reserves, there is a risk that Falcon\nmay not achieve ongoing operations from which it may generate significant\nrevenue.\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\ninfor...