Falcon Natural Gas (fka FNGC)

[monkone]

Big Tony, Second well to be drilled by Falcon and Petrogulf according to the Louisiana DNR.

SERIAL WELL NAME WELL NUM ORG ID FIELD PARISH PROD TYPE
239124 DOMINO ESTATE 002 P213 9811 51 00 042
PRMT DATE SPUD DATE
11/24/2008 11/24/2008

Sonris lite at http://sonris-www.dnr.state.la.us/www_root/sonris_portal_1.htm

The financing has been weird but Yorkville, Cornell, YA Global, who are all the same companies run by Mark Angelo, are doing pretty well right now with what they've found. The shares have been inflated but if they follow through with this second well, it is because the first one proved what was down there. In order for Angelo and Co to get there $11,000,000, plus what they've put in the development of the wells and interest and profit they will need to see the stock go up either on the open market or through a sale. According to folks on the Yahoo board, Avoca Corp., who is the landowner, was paid for the leases by Falcon, in part with shares!