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.

TSXV:FO - Post by User

Falcon Oil & Gas Ltd

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Post by daskon Jun 13, 2006 3:01pm

286 Views

Post# 10983813

when will this be a buy?

The engery consumption needs have not deminished, and while a preceived interest rate hike in the USA may slow the economies in the USA in due time, a certain amount of new consumption will be in the new developing countries ie China, India etc. thous an increased consumption of energy is given. FO's risk is the reserve protential and recovery rate of Natural Gas for the European market and the behavoiur of Gazprom. Is this sell off (not by the reatil investors)or capitulation by the iunstutions overdone for FO and it becomes a buy?

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