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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 coobn96on Dec 18, 2017 10:00pm
388 Views
Post# 27183775

Surprised

Surprisedthat this draft report did not generate more positive sp movement!?  It basically says that moving ahead will be ok but there needs to be some regulation & restrictions which is exactly what was expected at the outset. Of course there will be some political input but I would expect between the central gov't. support along with the revenue generated by the project and gas self sufficiency that there will be a big go-ahead in March!!! My target is into the 70's at that time plus the distinct possibility of a buy-out due to the size and production expected from this field. Here's hoping!!!! 
Bullboard Posts