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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

Post by Dave4444on Sep 11, 2020 5:43pm
505 Views
Post# 31547064

If you are reading thisand do not own shares, you are

If you are reading thisand do not own shares, you are
missing easy money, this stock was trading at over 20 cents a share when their well was about to be fracked, but covid halted fracking and pushed the price down.  Now the fracking is back on schedule for the Fall and so this is an easy jump from 14 cents to 20 cents as it gets close to fracking occurring and then likely higher once fracking occurs.  The chance of success is high as the well shows good hydrocarbons.  A good result would rocket the share price much higher.  But just my thoughts on an easy 50% return and likely much more.
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