Falcon Oil & Gas Ltd.

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Falcon Oil & Gas Ltd., Denver, (Toronto Venture: FO) has retained Merrill Lynch Pierce Fenner and Smith Inc. and BMO Capital Markets to sell interests in Hungary. The package includes a 100% working interest and operatorship in 391,400 acres. The holdings are separate from Falcon's joint-development project with ExxonMobil and MOL. Falcon chairman and chief executive Marc A. Bruner says, "We're optimistic about concluding one or more transactions that will add significant value to our assets and will provide the capability to further define and determine the commercial potential of these properties."