Click here to close now.

Welcome!

News Feed Item

Falcon Oil & Gas, Eagle Hill Exploration Meet Investors in Vancouver Today

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Calling all serious investors. The next Proactive Investors forum in Vancouver today will see investors get the scoop from directors of Falcon Oil & Gas (CVE:FO)(TSX VENTURE:FO), which in May signed a A$200 million farm-out deal for its highly prospective Beetaloo acreage, and Eagle Hill Exploration (CVE:EAG)(TSX VENTURE:EAG), which owns the high grade Windfall Lake gold deposit in Quebec.

The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation's most dynamic growth companies. In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market's best-performing stock market listed companies.

Indeed, this time is no different. First up will be Falcon, whose chief executive Philip O'Quigley brought on board in early May Australian operator Origin, valued at $16bn, and South African gas-to-liquids specialist Sasol to help unlock the huge potential of the Beetaloo licences in Australia, estimated to contain 162 trillion cubic feet of gas and 21bn barrels of oil.

With a headline value of A$200mln, including an upfront A$20mln cash payment, the pair are planning a nine-well program over five years, taking a 70% stake in the property. This compares with a previous five-well deal with Hess. O'Quigley has his own unique take on the new agreement brokered with Origin, which will be operator, and Sasol.

He told Proactive Investors: "This deal is five times better than the Hess deal. Why? The unconventional play is all about success from multi-fracked horizontal wells. What were Hess giving us? One horizontal, multi-fracked well. This program gives us five of them."

The five year plan should see three vertical wells drilled quickly, possibly by the end of the year. Taking the program beyond year three might lift the valuation to $1,000 an acre, while it could be worth as much as $4,000 an acre if the exploration program is a success.

Falcon is all about creating value through farm outs such as Beetaloo. The company also recently began drilling the Besa-D-1 exploration well in Hungary, the second of three wells in a program alongside Naftna Industrija Srbije (NIS), a unit of Gazprom.

Next up will be up Eagle Hill Exploration, whose Windfall Lake gold deposit is located between Val d'Or and Chibougamau in Quebec's Abitibi Gold Belt. With gold grades averaging 9.8 grams per tonne (g/t) in the indicated category, Windfall Lake is in the top 10% (in terms of grade) of resource-stage gold projects worldwide.

The company completed nearly 30,000 metres of drilling last year, confirming potential to expand the deposit along strike and at depth, and successfully expanding the indicated mineral resource by 38% earlier this year. Eagle Hill also recently completed a flow through financing to fund exploration in 2014, so far raising $2.6 million for general working capital, with the company continuing to fill orders in the private placement to raise up to an additional $785,000.

Its plan is to complete additional drilling this year with the aim of expanding and upgrading the existing mineral resource.

Directors of Falcon and Eagle Hill will be presenting their plans for advancement in Vancouver on June 9th, at the Metropolitan Hotel Vancouver - 645 Howe Street, Vancouver Room. Each company will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. The event has a 1:30pm start local time. To register for the Vancouver event, please click on the link below http://ctt.marketwire.com/?docid=0950936001&id=4299052&type=0&url=http%3a%2f%2fwww.proactiveinvestors.com%2fregister%2fevent_details%2f147.

Once Falcon and Eagle Hill have presented, complimentary canapes and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.

We look forward to seeing you there!

Falcon Oil & Gas is also presenting at our Proactive Investors forums in several cities across Canada later this week, including Calgary, Toronto and Montreal.

To register for the Calgary event, please click on the link below

http://ctt.marketwire.com/?docid=0950936001&id=4299055&type=0&url=http%3a%2f%2fwww.proactiveinvestors.com%2fregister%2fevent_details%2f148

To register for the Toronto event, please click on the link below

http://ctt.marketwire.com/?docid=0950936001&id=4299058&type=0&url=http%3a%2f%2fwww.proactiveinvestors.com%2fregister%2fevent_details%2f149

To register for the Montreal event, please click on the link below

http://ctt.marketwire.com/?docid=0950936001&id=4299061&type=0&url=http%3a%2f%2fwww.proactiveinvestors.com%2fregister%2fevent_details%2f150

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
"We have a tagline - "Power in the API Economy." What that means is everything that is built in applications and connected applications is done through APIs," explained Roberto Medrano, Executive Vice President at Akana, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
In the midst of the widespread popularity and adoption of cloud computing, it seems like everything is being offered “as a Service” these days: Infrastructure? Check. Platform? You bet. Software? Absolutely. Toaster? It’s only a matter of time. With service providers positioning vastly differing offerings under a generic “cloud” umbrella, it’s all too easy to get confused about what’s actually being offered. In his session at 16th Cloud Expo, Kevin Hazard, Director of Digital Content for SoftL...
"A lot of the enterprises that have been using our systems for many years are reaching out to the cloud - the public cloud, the private cloud and hybrid," stated Reuven Harrison, CTO and Co-Founder of Tufin, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...