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.

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Falcon Oil & Gas Ltd

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Post by blin20on May 03, 2007 8:38am

970 Views

Post# 12717163

That is great

Last article publish in an hungarian newspaper is great. Bruner thinks that the P90(90%) resources of 21.8 TCF (or 600 BCM) gas recoverable of the last Scotia group report could increase to more than 105 TCF (or 3000 BCM) "It has turned out recently: at least 620BCM, but it is also possible that more than 3000 BCM natural gas could be found in the Mako Trough" This is great You have to know that 1 TCF of gas recoverable is worth between 1 and 2 billions USD so imagine the stock price in 5 years