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For Immediate Release
Allert Issued - Watch FCYI.PK Trade Today!
Falcon Energy, Inc.
F C Y I
1 week ago $0.88
Last $ 1.26
Market Plus Top Four Pick
VANCOUVER, British Columbia, June 05, 2006 (PRIME ZONE) - As part of the commitment of Falcon Energy, 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 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.
VANCOUVER, British Columbia, May 17, 2006 (PRIME ZONE) -- Falcon Energy, 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 Falcon Energy, Inc. access to the mineral rights for the licensed properties.
Falcon Energy, Inc. had recently sought the mineral rights to these
significant properties in the mineral rich region of Mongolia. Falcon Energy'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.
The five licensed areas are:
8825E - The Duhum Hujirt License Area
8454X - Tsagaan Tolgoi Copper/Gold Project
9997X - The Huld License Area
9996X - The Har Tolgoi License Area
9668X - Hutagt License Area
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.
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