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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Comment by rustycaton Sep 15, 2019 3:00pm

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Post# 30128627

RE:Fully funded drilling is on the way

I found this most interesting.
INPEX, THE LARGE JAPANESE oil company: https://www.reuters.com/article/us-inpex-c-australia/japans-inpex-eyes-australia-expansion-including-via-acquisitions-idUSKCN1VY0L8

Picked up the land that Falcon considered the least prospective and had turned in back to the NT Minerals Department. So, if we have economic results in these two wells, we'll have at least two bidders for the Beetaloo. So, perhaps as early as next year we'll see some exciting negotiations for the sale of the Beetaloo by FO.

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