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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 tsoprano1on Mar 21, 2017 12:15pm
152 Views
Post# 26008305

RE:maratorium question??

RE:maratorium question??I assume you are being sarcastic. Of course, it is not zero. They own 7 million acres amongst Chevrons 30 million that will be worth billions. Once licenses are handed out a JV will be announced for 150-200 million and it all starts over again. Eventually, meaning soon, imo, the moratorium will be lifted with land owners/farmers getting a little more plus the usual greasing of politicians palms and possibly some restrictions. But, bottom line, Australian gov is not going to let billions of barrels of oil equivalent sit in the ground over some baseless environmental issues. My guess is that officials and smart land owners are buying the bejesus out of falcon stock in preparation for announcement. All imo.

T
Bullboard Posts