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 daskon Feb 11, 2008 11:43am

237 Views

Post# 14349845

Gazprom/Europe

Gazprom again wants to shut down gas delivery to the Ukraine, this will affect gas delivery to the rest of Europe since the pipeline runs through the Ukraine. I am certain if the big energy companies would have the technology to recover the the protenial resourses FO holds in a EU country, especially in user countries like Germany were the gas price is set at oil prices, would this not be attractive for those Western European Counties and a large energy Firm to get in "bed" with FO to exploit the resource. It woul appear that the technolgy doesnot exist at this time, I certain there are Oil/Gas experts out there to enlighten me?

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