Scottsdale 4/9/2015 8:00:00 PM
News / Finance

QualityStocks News - Falcon Crest Energy (FCEN) Maintains Focus on Wyoming’s Oil-Rich Potential

QualityStocks would like to highlight Falcon Crest Energy (OTC: FCEN) a development stage oil and gas exploration and production company focused on developing properties in North America. The company plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties.

In the company’s news,

Falcon Crest Energy’s properties include its Rocky Ford Field leasehold in Crook County of northeastern Wyoming. Specific to this property, Falcon Crest in September 2014 leased federal lands from the U.S. Bureau of Land Management and initially retained a 75% working interest in 584.78 acres; the company acquired the remaining working interest in February 2015.

Falcon Crest also has its eye on the Powder River Basin in Wyoming where state and industry experts forecast a “second oil boom.” The area’s oil prospects, which were once deemed unreachable, are getting the attention of major energy companies that recognize the potential of the basin’s tight formations. Thanks to advances in drilling technology, these untapped reserves are now approachable.

Managed by a group of professionals with diverse yet relevant experience, Falcon Crest seeks to generate substantial revenues in the short-term and long-term future. Under this leadership, Falcon Crest continues to pursue low-risk, high-upside properties that boast substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest Energy aims to utilize strategic acquisitions and joint-ventures to rapidly increase and maximize production levels and generate predictable, sustainable value.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.