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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 certified8on May 21, 2006 10:14pm
649 Views
Post# 10883424

RE: Mako TD approx July 8

RE: Mako TD approx July 8I noted Dr Szabo saying 10ft/hr in the conference call but in fact since the conference call of April 26 they have April 26 = 4846m to May 16 = 5146m that is 300m in 19 days or about 16m/day = 52.5 ft/day nowhere near 10ft/hour about 2.2 ft/hr Based on this rate of drilling TD on Mako 1 about July 8 not June, Mako 1 and Mako2 drilling is by Crosco 801 Do we know where the other rig Crosco 403 is going ?, it has completed 2 holes, but where does it go now and what is the name of the new hole, I assume that there will be more holes from this rig as theknight reports "Up to 5 holes will be drilled by the end of the July and testing of the wells will begin around that time(and maybe a little before)" That will mean that Crosco 403 will have to drill 2 holes between now and end of July which is possible if they are similar to the holes that they have been drilling eg around the edge of the formation. Just wondering where they are and what they are called All the best
Bullboard Posts

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