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Fa lcon En ergy, Inc.
SYM BOL: FCYI .PK 1 week ago $0.88
Last Price: $1.30
Market Plus Top Four Pick!
Vancouver, British Columbia, June 05, 2006 (Prime Zone) - As part of the commitment of Fal con En ergy, Inc., a Nevada Corporation, to keep investors informed of its status and activities, the company is providing this investor update.
Gas production continues steadily from Fa lcon E nergy'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.
Falc on En ergy 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.
VANCOUVER, British Columbia, May 17, 2006 (PRIME ZONE) -- F alcon Ener gy, Inc. is pleased to announce that the granting of exploration licenses for five mining properties in Mongolia has been finalized. These licenses will be held for a minimum of three years and grant Fa lcon Energ y, Inc. access to the mineral rights for the licensed properties.
Falco n Ener gy, Inc. had recently sought the mineral rights to these significant properties in the mineral rich region of Mongolia. F alcon E nergy's interest in the region is driven in part by the anticipation of deploying modern prospecting methods to an area that abounds in both base and precious metals.
Th e five licensed areas are:
8825E - The Duhum Hu jirt License Area
8454X - Tsagaan Tolgoi Copper/Gold Project
9997X - The Huld License Area
9996X - The Har T olgoi License Area
9668X - Hutagt License Ar ea
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.<BR><BR><BR><BR>Dramatic sstock market movements analyzed by top experts
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