SOURCE: Falcon Crest Energy

Falcon Crest Energy

August 25, 2014 08:30 ET

Falcon Crest Energy Announces Leasehold Acquisition

FT. WORTH, TX--(Marketwired - Aug 25, 2014) - Falcon Crest Energy (OTC: PNEG) (the "Company"), a development stage oil and gas exploration and production company, is pleased to announce that it has acquired leasehold in the Powder River Basin. 

Falcon Crest Energy leased federal lands from the United States Bureau of Land Management. The company now owns a 75% working interest of 584.78 acres in Powder River Basin, Wyoming. More specific details will be shared in the near future, but the company is currently seeking to add private leasehold rights in addition to the Federal lands and can't for competitive reasons provide further information at this time.

"Our team members have laid a solid foundation for Falcon Crest Energy to thrive in the North American oil and gas market," stated CEO Patrick Johnson. "This is the first acquisition as Falcon Crest Energy and there are several others in our pipeline. We are committed to building a leading, exploration and production company, dedicating our recourses to meet the ever-growing demand for dependable energy."

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, Panther 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 our 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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