Falcon Crest Energy, Inc. (FCEN) Acquires Remainin
Post# of 17
Posted On: 02/09/2015 6:41:33 PM
Falcon Crest Energy, Inc. (FCEN) Acquires Remaining Interest in Rocky Ford Field
Falcon Crest Energy, a development stage oil and gas exploration and production company, has announced its acquisition of the remaining working interest in recently acquired leasehold Rocky Ford Field in Crook County, Wyoming.
Previously, Falcon Crest Energy leased federal lands from the United States Bureau of Land Management in September 2014. The Company originally retained a 75% working interest in approximately 585 acres in Rocky Ford Field, but turned the remaining working interest holders into a royalty position.
Mr. Patrick Johnson, Chief Executive Officer of the company, commented, “Having a 100% working interest in the land package gives us maximum flexibility in terms of exploring and developing the project. We are just finishing up our exploration plan and hope to be making some announcements in this regard in the very near future. What makes this play particularly attractive is that the drilling depths on this play are shallow (less than 300M) making it very low cost to both explore and develop. We believe we can do very well even at $50 oil, and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities.”
Falcon Crest is a development stage oil and gas exploration and production company whose efforts and resources are centered on developing properties in North America. Falcon Crest Energy’s underlying plan is to minimize the risk of exploration through development of proved petroleum reserves. This in turn enables the company to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Falcon Crest Energy aims to focus on acquiring low risk properties with high upside that are connected to high exploration potential. By way of improvements in oil and gas production technologies, FCEN looks to rapidly increase production levels and generate predictable, sustainable value. Keeping to clearly defined strategy, the company is focused entirely on acquisitions and joint ventures to maximize production capacity.
For more information, visit www.FalconCrestEnergy.com.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Falcon Crest Energy, a development stage oil and gas exploration and production company, has announced its acquisition of the remaining working interest in recently acquired leasehold Rocky Ford Field in Crook County, Wyoming.
Previously, Falcon Crest Energy leased federal lands from the United States Bureau of Land Management in September 2014. The Company originally retained a 75% working interest in approximately 585 acres in Rocky Ford Field, but turned the remaining working interest holders into a royalty position.
Mr. Patrick Johnson, Chief Executive Officer of the company, commented, “Having a 100% working interest in the land package gives us maximum flexibility in terms of exploring and developing the project. We are just finishing up our exploration plan and hope to be making some announcements in this regard in the very near future. What makes this play particularly attractive is that the drilling depths on this play are shallow (less than 300M) making it very low cost to both explore and develop. We believe we can do very well even at $50 oil, and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities.”
Falcon Crest is a development stage oil and gas exploration and production company whose efforts and resources are centered on developing properties in North America. Falcon Crest Energy’s underlying plan is to minimize the risk of exploration through development of proved petroleum reserves. This in turn enables the company to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Falcon Crest Energy aims to focus on acquiring low risk properties with high upside that are connected to high exploration potential. By way of improvements in oil and gas production technologies, FCEN looks to rapidly increase production levels and generate predictable, sustainable value. Keeping to clearly defined strategy, the company is focused entirely on acquisitions and joint ventures to maximize production capacity.
For more information, visit www.FalconCrestEnergy.com.
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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