Petrohunter Energy (PHUN) 0.0036 $PHUN
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"

.