HOUSTON, Dec. 28, 2005 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC), with Bayou City Exploration, has begun the first well of their planned drilling project located in Live Oak County, 12 miles southwest of George West, Texas. The Leopard Branch Prospect will target the Queen City formation. The Queen City formation is one of the main hydrocarbon producers in the area and has track record of excellent production. Total drilling depth is expected to reach 6,500 feet. A number of pipelines are located nearby and no surface issues are expected.
"We are now in the process of drilling two wells with our partners at Bayou City Exploration," stated Falcon's CEO, Mr. Fred Zaziski. The company expects both wells to be completed by the second week of January.
Falcon Natural Gas Corp. has purchased 12.5% of the working interest in the Live Oak County Prospects, which include Jaboncillo Windmill Prospect, Leopard Branch Prospect and Frost National Bank Deep Prospect. Falcon also will pay 16.67% of all well costs to casing point on the initial well drilled on each prospect and 16.67% of all G&G costs, third party prospect fees, land brokerage costs, lease bonus and all other similar costs of the prospect.
The drilling area in south Texas was chosen because of its location within one of the largest natural gas producing areas of North America. The comprehensive pipeline infrastructure and enormous industrial resources make it an ideal drilling area.
Falcon Natural Gas Corporation, based in Houston, is a Natural Gas exploration company focused on the acquisition and exploration of commercial prospects in onshore areas of the USA. For more information visit www.falcongas.com.
Bayou City Exploration, Inc., is an oil and gas exploration firm focused in proven geologic trends in East Texas, the Gulf Coast of Texas and Louisiana. Based in Houston, Bayou City leverages its management team's long experience and multidisciplinary expertise in applying advanced 3-D seismic analysis, 3-D processing algorithms, amplitude attribute and imaging technologies to reduce the drilling risks by identifying the presence of economic hydrocarbons. The Company's database has more than 7,200 square miles of 3-D data, most of it covering Bayou City's focus area, as well as 13,000 miles of 2-D data. For additional information see www.blueridgegroup.com.