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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
Post by laker46on May 09, 2006 11:39pm
465 Views
Post# 10825473

40TCF comparison to Prudhoe Bay 28TCF

40TCF comparison to Prudhoe Bay 28TCFFrontier Gas Frontier basins are those with no immediate plans for significant production. They include the Beaufort Sea, Mackenzie Delta, the Arctic Islands, the Labrador basins and the Grand Banks basins. The cost of development, mainly for pipelines, means that production is not yet economically feasible, despite the giant gas fields found there in the 1970s and 1980s. One small gas project is now producing near Inuvik, Northwest Territories. The Ikhil reservoir flows about 60 thousand m3/d (2 MMcf/d) of gas for distribution in Inuvik. Recently, pipeline companies and other developers have discussed building pipelines from the northern extremities of the existing North American gas pipeline grid to the large discoveries in the Mackenzie Delta-Beaufort Sea and Alaska. There is about 255 billion m3 (9 Tcf) of discovered gas in the Mackenzie Delta-Beaufort Sea, and 784 billion m3 (28 Tcf) in Prudhoe Bay, Alaska. If a pipeline linked these fields to the existing pipeline grid, further development of the fields would be economical. Formidable engineering, financial and regulatory obstacles, however, must be overcome before such pipelines can be built.
Bullboard Posts