Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s): FOLGF

Energy Oil & Gas E&P

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.

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Falcon Oil & Gas Ltd

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Post by blin20on Mar 14, 2006 10:35am

291 Views

Post# 10508765

Questions >>>>

I am new to FO. I have 200'000 CAD to invest and I am very interested in that stock So to sum up they have 100 millions USD cash + 250 millions loan if result are good at the end of this week. The asset in Hungary is estimated to have at least 11 TCF and could go up to 140 TCF after some drills will be done. Do you know how much the plan to spend this year on the hungarian asset ? Every informations would be usefull for me to decide whether I am buying the stock or not. Julien

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