Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday Falcon Oil & Gas (FOG) announced that it is purchasing between 5 and 7% of the 8% royalty on its Australian properties. The market seems to have missed how significant this is in terms of enabling the group to secure a farm out on the acreage.
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