Falcon Oil & Gas Ltd V.FO

Alternate Symbol(s): FOLGF

Energy Oil & Gas E&P

Falcon Oil & Gas Ltd. is an Ireland-based international oil & gas company. The Company is engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused on Australia. Its principal interests are located in two underexplored basins in Australia and South Africa, and it also has interests in Hungary, covering approximately 12.3 million gross acres in total. The Beetaloo Sub-basin project is a Proterozoic and Cambrian tight oil and gas basin which covers approximately 35,260 square kilometers (km2). The Karoo Basin project is a sedimentary basin covering approximately 600,000 km2 in central and southern South Africa. It has thick, organic-rich shales such as the Permian Whitehill Formation, representing the focus of shale gas permit applications. The Mako Trough project is a large sedimentary basin located in south-eastern Hungary in the mature Pannonian basin. It has approximately two plays, Mako Shallow Play and Mako Deep Play.

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Falcon Oil & Gas Ltd

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Comment by hikarion Oct 20, 2022 2:59am

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Post# 35035494

RE:RE:RE:RE:RE:Spoiler Warning

The fundamental status and knowledge about the geology in the Beetaloo has not changed. The exact number for the prospective resource is not known because we se see different numbers. But it is big. And we still wait for a commercial test production rate.

Who could be interested to see a low share price: IMO it could be somebody who is interested to buy FOG as cheap as possible. Suspects could be Sheffield or the LNG joint ventures in Darwin for example, who were not flexible enough to compete with Sheffield & TBN to buy the ORG share of the Beetaloo respectively the ROFR from FOG within 30 days.

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An exploration company focused on uncovering high grade silver in Canada's North