Falcon Oil & Gas Share Discussion Threads

[cfol] 19/9/2003 08:48

Hmm... I interpreted the recent RNS' as good news. Surprised at the lack of positive reaction. Any one else?

[justjus] 19/9/2003 07:59

Westmount built up its holding in Fusion in 1999 at an average price of 5p a share, so a handsome return then...

[sheneeqa] 19/9/2003 07:51

All getting quite confusing wte own part of sey who in turn own part of fog
hope this means FOG up and I think it does.

[justjus] 19/9/2003 07:40

RNS Number:9484P
Westmount Energy Limited
19 September 2003


19 September 2003

PRESS RELEASE

WESTMOUNT ENERGY LIMITED

SALE OF WHOLLY-OWNED SUBSIDIARY
WESTMOUNT RESOURCES LIMITED

The Board of Westmount Energy Limited ("Westmount") announces that it has sold
its Jersey based wholly-owned subsidiary company Westmount Resources Limited
("Westmount Resources") to the AIM listed Sterling Energy plc ("Sterling").

The assets of Westmount Resources consist of 20 million fully paid shares of
Fusion Oil & Gas plc ("Fusion plc") representing 20.4% of the Fusion plc shares
in issue and 500,000 partly paid shares of Fusion Oil & Gas NL ("Fusion NL"),
which are convertible into Fusion plc shares.

Westmount has agreed to accept 71,375,000 fully paid Sterling shares in
exchange, which it has undertaken to retain for at least a year from admission.

Derek Williams, Chairman of Westmount stated:

"We believe this deal represents excellent value for Westmount and reflects our
continuing confidence in the judgement of the Sterling board. Our decision to
sell follows mounting disappointment in the performance of our investment in
Fusion since the flotation, and our strong belief in the merits of combining
Sterling's strengths with Fusion's exploration portfolio."

Sterling is building an excellent cash flow from its North American operations
and has an experienced management team with a track record in the oil industry.
As a result of the transaction Westmount will own 17% of Sterling and become
the second largest shareholder after the Sterling management, which controls
approximately 18% of the company.

[martin jones] 19/9/2003 07:39

Well Stirling have got themselves some more FOG. Anyon want to speculate on what that means for the share price? They certainly aren't letting go of there interest.

[djalan] 18/9/2003 13:08

Jupe buy some more FOG

Date of dealing 17TH SEPTEMBER 2003

Dealing in FUSION OIL & GAS PLC

ordinary shares

Amount bought 250,000
Price per unit 37.00P


3) Resultant total of the same class owned or controlled
(and percentage of class) 2,168,000 (2.21%)

[lgw] 18/9/2003 09:41

Excellent drilling results and a rumoured offer from another party, we shareholders should have an interesting couple of weeks ahead of us.

[sheneeqa] 18/9/2003 09:19

Thanks cf, fingers crossed.

[justjus] 18/9/2003 08:50

should be another 10p to go...

[bantam175] 18/9/2003 08:49

Nearly sold these yesterday for a quick buck. Glad I held on, things looking really good.

Bant

[cfol2] 18/9/2003 08:06

Sheneeqa, great timing..!

[bionicdog] 18/9/2003 07:55

RNS Number:8960P
Fusion Oil & Gas PLC
18 September 2003

Fusion Oil & Gas plc
("Fusion" or "the Company")


Drilling Report - Chinguetti-4-5 Appraisal/Early Development Well



Roc Oil Company Limited a partner in the Mauritania PSC B Joint Venture has
today reported to the Australian Stock Exchange preliminary drilling results as
follows:



"Wireline logging, at a Total Depth of 2,605 metres, of the Chinguetti 4-5
appraisal/early development well has essentially confirmed the pre-drill
expectation for this well in terms of the thickness, quality and hydrocarbon
content of the reservoir. As a result, the Joint Venture plans to conduct a
production test.



The reservoir sands appear to be of generally good to excellent quality with a
gross oil column in the order of at least 50 metres and a net to gross ratio in
excess of 50%."



An official statement from Woodside Energy Limited as Operator of the PSC B
Joint Venture is anticipated on or before 23 September.



The Joint Venture is comprised of:




Participant Equity
Woodside Mauritania Pty Ltd (Operator) 35.0%
AGIP Mauritania BV 35.0%
Hardman Resources Ltd 21.6%
Fusion Mauritania B Limited 6.0%
Roc Oil (Mauritania) Company 2.4%



As previously announced on 28 May 2003, the Company has entered into an
agreement with Premier Oil plc regarding the disposal of its interests in
Mauritania. Subject to fulfilment of certain conditions, Fusion will receive
cash payments linked to all future production from PSC A and PSC B.

September 18 2003

[justjus] 18/9/2003 07:53

EXPRESS
Share Whisper: FUSION OIL (speculation looking for a bidder from across the
Atlantic willing to pay 50 pence a share in cash for firm) -- Who's dealing?:
SVB HOLDINGS (new finance director Oliver Corbett buys shares) -- Market Report:
CRC GROUP (talk of strong institutional buying)

[sheneeqa] 17/9/2003 16:53

Can I join the gang, feel like there is going to be some action and do not
want to miss out. Didn,t make it when it jumped but got my dealing costs
covered. Looking for some profit now not like some of you lucky guys that
are sitting on some now.

[rayrac] 17/9/2003 16:45

I have! Nice feeling :)

[ilancas] 17/9/2003 16:26

Yes, I think I'll top up as well.

[lgw] 17/9/2003 16:03

the price, look at all the interest in buying fog.

[ilancas] 17/9/2003 15:46

What's that, Gatwick? Do you mean the price or one of the wells?

[lgw] 17/9/2003 15:33

something is going to blow .

[djalan] 17/9/2003 10:19

Interesting recent report

[djalan] 16/9/2003 11:00

Sterling Energy Admits It Is Considering A Bid For Fusion Oil & Gas
Most bids in any sector come like a bolt out of the blue. Secrecy is important if the share price is to be kept under control. Sterling Energy's admission, after a leak to the London newspaper the Daily Mail, that is thinking about making an offer for fellow Alternative Investment Market (AIM) listed company Fusion Oil & Gas, however, comes out of the deep, deep blue and is very unexpected...........................

[djalan] 16/9/2003 08:28

08:00 hours (Perth) 16/9/03

Since the last report, blowout preventers were installed, 121/4 inch (311mm)
hole was drilled from 1,682 metres depth to the final total depth of 2,605
(Previous 7 days to metres and the well was conditioned prior to the acquisition of wireline logs.
The current operation is acquisition of wireline logs

Hardman up 6.2% overnight in Oz
Has there been a leak?

Next tuesday, or before, should reveal all

[p@] 16/9/2003 00:47

djalan thanks for the post , can,t believe the author could be so stupid as to say the shares GUSHED UP 900%.The shares were consolidated on a 10 for 1 basis.

[justjus] 16/9/2003 00:44

Jupiter tops up...