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DENVER, Apr 30, 2009 (Canada
NewsWire
via COMTEX) -- (TSXV Symbol: FO)
Falcon Oil
& Gas Ltd. (TSXV: FO) announced
that it has filed its audited
financial statements for the year ended December
31, 2008, the accompanying
management's discussion and analysis, the annual
information form for the year
ended December 31, 2008 dated April 30, 2009 and Falcon's Statement of Reserves
Data and Other Oil and Gas Information
(National Instrument 51-101 Forms
51-101F1, 51-101F2 and 51-101F3) with the relevant
provincial securities
regulators.
These filings
are available for review at www.sedar.com and on Falcon's website
at www.falconoilandgas.com.
About Falcon Oil & Gas Ltd.
Falcon Oil
& Gas Ltd. is a British Columbia
corporation in the business of oil
and gas exploration and production.
It has operations in Hungary
through its
wholly owned subsidiary TXM
Oil and Gas Exploration, LLC, in Romania
through its
wholly owned subsidiary JVX Energy Corporation, in
Colorado through
its wholly
owned subsidiary Falcon Oil & Gas USA, Inc.,
and in Australia
through its wholly
owned subsidiary Falcon Oil & Gas Australia Pty Ltd. Further information
about
Falcon is available at www.falconoilandgas.com.
In the interests of providing Company shareholders
and potential investors with
information
regarding the Company, including the Company's assessment of its and
its subsidiaries' future plans and operations,
certain statements included in
this press release may constitute forward-looking
information or forward looking
statements (collectively, "forward-looking
statements"). All statements
contained herein that are not clearly historical
in nature are forward-looking,
and the words "anticipate",
"believe", "expect", "estimate"
and similar
expressions are generally intended to identify
forward-looking statements.
Similarly, forward-looking statements in this
press release include, but are not
limited to anticipated
developments of the Company's drilling
project in Hungary
and the timing
thereof, the Company's drilling
project in Romania
and the timing
thereof, capital investment levels and the
allocation thereof, pipeline
capacity, government royalty
rates, reserve and resources estimates,
the level
of expenditures for compliance with environmental
regulations, site restoration
costs including abandonment and reclamation
costs, exploration plans,
acquisition and disposition plans including farmout plans, net cash flows,
geographic expansion and plans for seismic surveys. In
addition, please note
that statements relating to "reserves"
or "resources" are deemed to be
forward-looking statements, as they involve the
implied assessment, based on
certain estimates
and assumptions, that the reserves and resources described can
be profitably produced in
the future. Such statements represent the Company's
internal projections, estimates
or beliefs concerning, among other things, an
outlook on the estimated
amounts and timing of capital
expenditures, anticipated
future debt levels and incentive fees or revenues
or other expectations,
beliefs, plans, objectives, assumptions,
intentions or statements about future
events or performance. These statements are only predictions. Actual
events or
results may differ materially. Although
the Company believes that the
expectations reflected in the forward-looking
statements are reasonable, it
cannot
guarantee future results, levels of activity, performance or achievement
since such expectations are inherently subject to
significant business,
economic, competitive, political and social uncertainties
and contingencies.
Many factors could cause the
Company's actual results to differ materially
from
those expressed or implied in any forward-looking
statements made by, or on
behalf of, the Company and the foregoing list of
important factors is not
exhaustive. These forward-looking statements made as of the
date hereof disclaim
any intent or obligation to update publicly any
forward-looking statements,
whether as a result of new information,
future events or results or otherwise.
Company shareholders and potential investors
should carefully consider the
information
contained in the Company's filings
with Canadian securities
administrators
at www.sedar.com before making investment decisions with regard
to the Company.
The TSX Venture Exchange does not accept responsibility for the
adequacy
or accuracy of this release.
SOURCE: Falcon
Oil & Gas Ltd.
CONTACT:
Investor Relations, Falcon
Oil & Gas Ltd: North
America: Brad Long,
Toll Free
(888) 541-3624, Direct (360) 332-9821, blong@falconoilandgas.com; Europe:
Alexander
Hubbard-Ford, Phone + 44 (0) 20
79351543, Mobile
+ 44 (0) 7984481541,
investor@falconoilandgas.com; Falcon Oil & Gas Ltd., Marc
Bruner, CEO, 1875
Lawrence Street,
Suite 1400, Denver, Colorado, 80202, USA,
Phone (303) 893-1800, Fax
(303) 572-8927
Copyright (C) 2009 CNW
Group. All rights reserved.
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