Stockchase Opinions

Robert FloydFalcon Oil & GasFO.VDON'T BUYFeb 29, 2008

Involved with some very, very deep gas, so the cost of drilling is huge. It is somewhat under funded in terms of developing its program. Failed to come up with a joint venture partner and ended up doing a share issue to raise some money in order to evaluate some of the wells. Big potential and always looks tremendous but the problem is getting the gas and producing it. Feels it is some time a way for that.
$0.49

Stock price when the opinion was issued

$0.31

As of May 29, 2026. Market Open.

oilgas
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DON'T BUY
Gas play in Hungary. There is gas there but can you get it out and can you do it economically? It is very deep. Exxon is a good partner but a slow one.
SELL
Exxon Mobil just finished drilling a well (in Hungary) and did some drill stem tests and came up with fresh water. Most water in an oil well is salty and briny.
DON'T BUY
A speculative stock trying to find some oil in Hungary. People only in the stock should have had a stoploss at around $.40.
DON'T BUY
Very difficult company because they are chasing tight gas in Hungary and execution is very difficult.
DON'T BUY
Gas in Hungary. Management grilled for deep gas, found some, but not enough to make it commercially viable. High risk.
BUY
In partnership with Exxon (XOM-N), which has saved them. Exxon is going to be drilling one of the large fields and assessing what exactly is there. If they find something, the stock will trade back up.
HOLD
(Market Call Minute.) Have an interesting prospect. Trying to diversify their asset base. Speculative.
DON'T BUY
This one is almost like being in a casino. The asset could be very big. The gas is there but can they take the gas out at a profit. Have spent a lot of money to make it work, so far unsuccessfully.
COMMENT
Starting to make a base. Use a stoploss of around $.60/$.70.
DON'T BUY
Used to own this but sold out at about $6 and then they ran out of money. Stock is very expensive and there is a lot of uncertainty and a long timeline.
PARTIAL BUY
Totally speculative stock. Pleased that it spent a year in base building at around $0.50. Above its 200 day moving average. Don’t put too much into it. Roughly use a $0.60 stop/loss.
DON'T BUY
MACD turned around some time in March and is currently trending down. Until you see it crossover, you should wait. Regarding upside, there is some resistance at the $1.02 level. ($0.69 should be a stoploss.)
COMMENT
The gas is known to be there. The question is, is it economic. Have done many wells, and so far has not turned out positive. Still feels there is tremendous risk. If they ever succeed there is billions of $’s upside.
COMMENT
Have an interesting asset base. The issue with this company is the extremely deep, expensive gas drilling in Rumania. Recent joint venture with Mobil Exxon is encouraging. Waiting to see what targets they have identified and what the results will be. Will be news driven. Very speculative.
COMMENT
Speculation drove it up to $7 in 2006 and it then sold off. It is quite positive now that it has finished building a base and has broken above the down trend line.