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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 jerridon Jan 25, 2007 3:18am
404 Views
Post# 12087262

FO>>>>>>>>>>>>

FO>>>>>>>>>>>>Major find in Hungary There is also the possibility that Hungary could become an exporter of natural gas if the resources within the Makó Trough can be tapped economically. Canadian firm Falcon Oil & Gas Ltd. is drilling in the field, and the company’s CEO Marc A. Bruner last week told Népszabadság that a report on recoverable gas would be ready in around six months. Falcon had earlier said there was a 90% chance that around 18 trillion cubic feet of gas (509 billion cubic metres) could be recovered from the field and a 50% probability of 45.2 trillion cubic feet (1.28 trillion cubic metres). Michael Logan
Bullboard Posts