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Falcon Oil & Gas Ltd. Announces the Purchase of Sweetpea's 24% Minority Interest in Subsidiary Falcon Oil & Gas Australia Limited
Marketwire - Fri May 24, 1:01AM CDT
Falcon Oil & Gas Ltd. (TSX VENTURE: FO) (AIM: FOG) (ESM: FAC) ("Falcon" or the "Company"), announces that it has executed a conditional agreement with Sweetpea Petroleum Pty Ltd, a wholly-owned subsidiary of PetroHunter Energy Corporation ("Sweetpea") (the "Agreement"), to acquire its 50 million shares or 24.22% interest in Falcon Oil & Gas Australia Limited ("FOGA") (the "Share Purchase").