HOUSTON, March 31, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC), with Vincent Oil and Gas Corp., has begun the first well of their planned drilling project located in Bee County, Texas. The Norman Prospect will target the Queen City and Wilcox formations. Both formations have an excellent track record in this area. Total drilling depth is expected to reach 14,900 feet. Surface facilities are located nearby and no issues are expected.
Falcon Natural Gas Corp. has purchased 16% of the working interest in the NV-1 Well, Norman Prospect. Falcon also will pay 16.00% of all well costs and G&G costs, third-party prospect fees, land brokerage costs, lease bonus and all other similar costs of the prospect.
The drilling area in central south Texas was chosen because of its location within one of the larger natural gas producing areas of North America. The comprehensive 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.
Founded in 1983, Vincent Oil and Gas Corp. is a private energy company with offices in Denver, Colorado, Houston, Texas and Carson City, Nevada. The company is actively engaged in the drilling and development of natural gas and oil prospects in the continental United States, with primary focus on natural gas in the Mid-Continent, Rocky Mountain, and Gulf Coast regions (www.VincentOilandGas.com).