Falcon Oil and Gas Ltd.

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Re: PHUN

over 10 years ago

in response to Tsoprano1's message

Funny you should ask that question, Tsoprano1.

For those of you who subscribe to Kip's VRA, we should get an update on PHUN soon.

I wrote to him this morning (prior to seeing your message) asking him specifically about PHUN and his response was that he "will update via VRA soon, but essentially, they own a ton of Falcon stock (close to 10%) and they have additional Australian oil and gas properties of their own. The downside is the debt ... more than $45 million, albeit in mostly friendly hands."

Go the Bird.