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Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s):  FOLGF

Falcon Oil & Gas Ltd. is an international oil and gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the portfolio focused in Australia, South Africa and Hungary. Its principal interest is located in two underexplored basins in Australia and South Africa, with further interest in Hungary, covering over 12.3 million gross acres. Its Beetaloo Sub-basin project is located in the Northern Territory, over 600 kilometers south of Darwin. The Company holds a Technical Cooperation Permit, covering an area of over 30,327 square kilometers in the southwest Karoo Basin, South Africa. The Karoo Basin contains thick, organic rich shales, such as the permain whitehill formation representing the focus of shale gas permit applications. Its Mako Production License (Mako Trough) is a sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. Mako Trough includes two plays: Mako Shallow Play and Mako Deep Play.


TSXV:FO - Post by User

Bullboard Posts
Post by OPTSALESon May 18, 2006 1:01pm
275 Views
Post# 10873301

Few points to take into consideration.

Few points to take into consideration. Szekkutas-1. ” Production casing has been set in order to test a number of overpressured formations”. “Significant as the gas-saturated sands” “Significantly over pressured Endrod Formation” “High-pressure gas continued to flow during the drilling of this section” Mako-6 Well “Szolnok Formation over a gross interval of at least 900 meters (2,953 feet) yielded overpressure gas-bearing reservoirs” “The substantial increase in gas pressures in the Endrod Formation mud weights over 16 pounds per gallon!” Falcon is about to discover they’ve hit an extreme amount of gas
Bullboard Posts