Falcon acquires 16% of East Texas prospect

March 20, 2006
Falcon Natural Gas Corp. has signed an agreement with WhitMar Exploration Co. of Houston to participate in drilling of the Deweyville prospect 25 miles northeast of Beaumont, Tex.

By OGJ editors
HOUSTON, Mar. 20 -- Falcon Natural Gas Corp. has signed an agreement with WhitMar Exploration Co. of Houston to participate in drilling of the Deweyville prospect 25 miles northeast of Beaumont, Tex.

The prospect, defined by subsurface mapping and integration of 3D seismic data, lies in the downdip section of the Yegua trend.

Falcon bought a 16% working interest in the prospect and agreed to pay 16% of associated costs. It indicated three wells would be drilled.