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
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...