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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 daskon Jul 23, 2006 2:01pm
407 Views
Post# 11135458

Ravi Sood

Ravi Sood I watched Ravi Sood the other day on RobTV, he indicated that anything with Gas is now a buying opportunity, since The wholesale gas price and thous the Gas stocks have the biggest drop. Traditionally gas is strong in the last Quarter of the year. While Gas is not easy transfer unless with a pipeline, nothing has change for FO, they have a signifcant Resourse reverse, futher drilling and Fracing Results only can enhance those numbers. FO is still in the Drilling phase and therefor an inexpensive entry to FO, inrealition to the risk. Off course it very tempting to cash in on the volitlity!
Bullboard Posts