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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
Comment by blin20on Apr 13, 2007 12:55pm
495 Views
Post# 12602749

RE: Flow Rates?

RE: Flow Rates?I got this in taking tthe last pdf report of the 2 brokers who follow FO. I have decrease the break even of 10% compare to the number of these reports because in the last FO news release Bruner says that In full production the cost of a shallow well could be as low as 8 millions USD (compare to 10 millions USD forecast in MGI report) I have also decrease the break even of an another 30% because of they take a price of 6 USD mcf for sell. I am living in Europe and I know that the gas price here is not linked at all with the USA one. It depend on Gasprom Price. The company Gasprom is negociating with Europe to sell at least in the future the gas at 6.5 euros / mcf so it is 9 USD / mcf, so 50 % more that what they take into account in the MGI report. After taking account everything I have the numbers I said before Julien
Bullboard Posts