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Allert Issued - Watch FCYI.PK Trade Today!
Falcon Energy, Inc.
SYMBOL: FCYI.PK
Before we start with the profile of FCYI.PK we would like
to mention something very important: A Big PR Campaign is moving this week .
And it will go all week so it would be best to get in Now.
Recent News
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 9, 2006--Falcon Energy, Inc.
(Pinnk Sheeets:FCYI.PK - News) is pleased to announce that it has fully acquired
the exploration licenses for five mining properties in the mineral rich region
of Mongolia. Management felt that the opportunity presented by these properties
was significant enough to forgo a planned participation by a second resource
company. These licenses will be held for a minimum of three years and grant
Falcon Energy Inc. access to the mineral rights for the licensed properties.
Exploitable mineral resources found in the area in which the licenses are held
include: Gold, base metals such as Copper, Molybdenum, Lead and Zinc as well
as Fluorite and Uranium.
Gas production continues steadily from Falcon Energy's Richmount Westlock property
in Alberta, Canada. This opportunity has proven itself out as the property and
investment have benefited from the surge in natural gas prices since the well
was first tied in May of 2005. The market price (NYMEX) for natural gas at that
time was approximately $6.50 per MMBTU but in the last year prices stayed over
10.00 per MMBTU for a 5 month period with several spikes above the $14.00 range.
The company is pleased that the investment continues to provide consistent revenue
for the company and its shareholders.
Falcon Energy Inc. has also announced that due to the confirmed addition of
its mining exploration properties in Mongolia, that it will shortly be expanding
the executive team to assist in managing this new opportunity. Details will
be forthcoming.
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