Thursday, October 09, 2008 - The Venezuelan Ministry of Energy and Petroleum has denied PetroFalcon's offer to acquire Anadarko Venezuela for $200 million because PDVSA intends to acquire Anadarko's interest in Petroritupano.

Thursday, October 18, 2007 - PetroFalcon announces shareholder approval of Lundin Venezuela purchase.

Wednesday, August 29, 2007 - PetroFalcon says that its 40%-owned joint venture, PetroCumarebo, S.A., commenced natural gas production from the La Vela Field in the East Falcon Block.

Friday, August 24, 2007 - PetroFalcon and Lundin have executed the definitive share purchase agreement for the acquisition of 100% of the issued and outstanding shares of Lundin Latina de Petroleos and a private placement of PetroFalcon units.

Wednesday, August 15, 2007 - PetroFalcon has paid US$150,000 to Colombian state hydrocarbons agency ANH to acquire the data package for the Ronda Caribe round that will involve awarding 13 E&P blocks in northern Colombia.

Friday, July 27, 2007 - PetroFalcon successfully tested the LV-14 development well at a rate of 300 barrels of oil per day (bopd) with a very low gas/oil ratio.

Wednesday, July 18, 2007 - PetroFalcon has signed a binding letter of intent for the all-stock acquisition of Lundin Latina de Petroleos, as well as a private placement with a subsidiary of Lundin Petroleum AB.

Friday, April 27, 2007 - Chevron has finished shooting 530 sq km of 3D seismic data on the Cardon 3 offshore block in western Venezuela. Chevron is working with PetroFalcon (and soon will start a drilling program on Cardon 3.

Tuesday, April 03, 2007 - PetroFalcon, which operates in Venezuela, reported a net loss of US$6.7mn last year compared to net profits of US$1.0mn in 2005 on lower production and higher expenses from the transition to a new JV structure.

Wednesday, March 21, 2007 - PetroFalcon Corp. said that its 40%-owned joint venture, PetroCumarebo, successfully tested the LV-12 development well at a rate of 5 million cubic feet of natural gas per day ("mmcf/d").

Monday, February 26, 2007 - Chevron and Vinccler Oil and Gas signed a Heads of Terms agreement whereby Vinccler will acquire a 30 percent working interest from Chevron in the offshore natural gas license for the Cardon III Block.

Tuesday, January 30, 2007 - PDVSA has announced a gas leak at LV-13, a well in La Vela de Coro, Falcon state, being drilled by joint venture Petrocumarebo, has been brought under control.

Thursday, January 25, 2007 - Venezuela's government will resume the Delta Caribe offshore natural gas E&P licensing process this year, awarding some blocks in 2007, PDVSA Gas president Felix Rodriguez told BNamericas.

Tuesday, January 16, 2007 - Vinccler Oil and Gas, C.A., the wholly owned subsidiary of PetroFalcon Corporation (TSX:PFC), announced Tuesday that its 40%-owned joint venture, PetroCumarebo, S.A., confirmed the presence of multiple oil and gas reservoirs with the LV-12 well.

Wednesday, December 27, 2006 - PetroFalcon Corporation, a publicly traded natural resource company with oil and gas operations in Venezuela, announced the appointment of Clarence Cottman, the Corporation's previous Chief Financial Officer, as Vice Chairman.

Friday, December 15, 2006 - The International Finance Corporation will convert the US$4mn remaining from an outstanding loan to Vinccler Oil & Gas into common shares of Vinccler's parent company, Canada's PetroFalcon, Vinccler said in a statement.

Monday, October 02, 2006 - Vinccler Oil and Gas has executed the conversion agreement with PDVSA and its affiliated entity, Corporacion Venezolana del Petroleo. This joint entity will hold all the operating rights to the West Falcon Block and the East Falcon Block.

Wednesday, August 16, 2006 - Canadian natural resource company PetroFalcon, which operates in Venezuela, reported a US$2.3mn net loss in the first half of this year versus a US$1.5mn net profit in 1H05.

Tuesday, August 08, 2006 - Vinccler Oil and Gas, C.A., a unit of PetroFalcon Corp., said that its joint venture with PDVSA has commenced natural gas deliveries from the Cumarebo Field into PDVSA's Interconnection Centro Occidente natural gas pipeline.

Monday, April 24, 2006 - Canadian oil company PetroFalcon has been in talks to buy the assets of companies that want to close their Venezuelan operations.