Falcon Natural Gas (fka FNGC)

[monkone]

from the Yahoo Board:
OK fellow Falconers here's the scoop. The well was "completed" on 3/19/09. They haven't hit the "motherload" yet but they are flowing gas and oil as Pikser stated. They placed a CIBP at 17216 and poured 15 feet of concrete on top of that. They perf'd and tested 16966-73'. The report shows 89bpd of oil and 3046 MCF/day gas. Gas is flowing at a pressure of 10,226 psig. I have been told by an industry expert who's seen the logs that there is a zone above this that looks very promising so we could possibly see a higher gas flow, I'm trying to confirm whether or not the completion rig is still in place. My source tells me that is his opinion the completion along with the remaining areas to be tested will almost certainly (what's for certain?) mean they will go after the second well. It may not be a gusher but it's not dry! Some action on the stock today - highest price we've seen for quite a while. One question I have - now that they have found gas, can they still continue to call this a "closed hole"? You would think there'd be some sort of announcement but they appear to be staying with the same MO we've seen for years - i.e. - no announcements, nada. I'm still wondering whether they are blind to the stock price and working to create a money making business they can sell? Thoughts? And Kurt - about your statement regarding Falcon (Yorkville) and Petrogulf drilling another well together, man, I'll believe that when I see it. From what I understand they can't stand each other. Time will tell. Good luck all. Things may be looking up!