Business
Falcon Oil & Gas Ltd. Completes Fracture Stimulations of Magyarcsanad-1
Falcon Oil & Gas Ltd. Completes Fracture Stimulations of Magyarcsanad-1.
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"\n\n\n\nBUDAPEST, Hungary, July 31 /CNW/ -- Falcon Oil & Gas Ltd. (TSXV: FO)\n("Falcon" or the "Company"), today announced that it has completed the\nfracture stimulations of the Magyarcsanad-1 well according to the plan that\nwas discussed on Falcon's June 28, 2007 conference call. The Endrod sequence\nin Magyarcsanad-1 was tested with two fracture stimulations. The Company\ncontinues to expect to have results from the fracture stimulations during\nAugust 2007, and plans to announce such results during that time.\n\n\nFurther information regarding the overall fracture stimulation program\nwill be forthcoming after the test results on Magyarcsanad-1 have been\nanalyzed.\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\n\n\nWeber Shandwick Worldwide\nPeter Duda\n+1 (212) 445-8213\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\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 st...