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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
Comment by Flowgoon May 19, 2006 7:13pm
303 Views
Post# 10881912

RE: Took a stab at it - JR

RE: Took a stab at it - JRExcellent calculations Beam. A downhole pressure of 15,000 psi is beyond fine, and just a note that considering this is a "tight gas play" flaring at this stage is a very large uptick in my mind. With 1000 m +/- of potential pay, once the multi zone fracs are completed, the post frac flow rates should exceed all of our wildest dreams. All indicators I see are that these are monster wells even at this early stage. The info FO Management is releasing is very pleasing. The Greed Gun is being loaded. I am just glad that I am not the driller on the good ol 403. Flaring with a 16 lb mud weight must be a nail biting situation.... Enjoy the long weekend folks, Flow
Bullboard Posts