SOURCE: Falcon Crest Energy

Falcon Crest Energy

February 09, 2015 08:30 ET

Falcon Crest Energy Acquires Remaining Working Interest in Rocky Ford Field

DALLAS, TX--(Marketwired - Feb 9, 2015) - Falcon Crest Energy (OTC: FCEN) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has acquired the remaining working interest in recently acquired leasehold Rocky Ford Field in Crook County, Wyoming.

Falcon Crest Energy leased federal lands from the United States Bureau of Land Management in September 2014. The Company initially retained a 75% working interest in 584.78 acres in Rocky Ford Field, but converted the remaining working interest holders into a royalty position.

"Having a 100% working interest in the land package gives us maximum flexibility in terms of exploring and developing the project. We are just finishing up our exploration plan and hope to be making some announcements in this regard in the very near future. What makes this play particularly attractive is that the drilling depths on this play are shallow (less than 300M) making it very low cost to both explore and develop. We believe we can do very well even at $50 oil, and believe the markets will soon be turning to these kinds of conventional non-shale, non-fracking opportunities," stated CEO Patrick Johnson.

About Falcon Crest Energy Inc.

Falcon Crest Energy is a development stage oil and gas exploration and production company focused on developing properties in North America. Falcon Crest Energy 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. Falcon Crest Energy will focus on acquiring low risk, high upside properties coupled with substantial exploration potential. Through improvements in oil and gas production technologies, Falcon Crest Energy seeks to rapidly increase production levels and generate predictable, sustainable value. Adhering to a narrow, clearly defined strategy, the company focused on 100% acquisitions and joint ventures to maximize production capacity.

For more information, visit www.FalconCrestEnergy.com.

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This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts included in this report regarding our financial position, business strategy, plans and objectives of management for future operations, industry conditions, and indebtedness covenant compliance are forward-looking statements. When used in this report, forward-looking statements are generally accompanied by terms or phrases such as "estimate," "project," "predict," "believe," "expect," "anticipate," "target," "plan," "intend," "seek," "goal," "will," "should," "may" or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about, actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.

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