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

Contacts:
Proactive Investors
647-342-2932
[email protected]
www.proactiveinvestors.com

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
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...