Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Re: Phase 2

Jan 13, 2010 10:32AM
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Jan 13, 2010 01:05PM
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Jan 13, 2010 07:30PM

Jan 13, 2010 11:11PM
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Jan 14, 2010 10:55AM

Jan 14, 2010 11:13AM
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Jan 14, 2010 11:17AM

Jan 14, 2010 12:41PM

Jan 14, 2010 10:26PM

So you can figure how Falcon managed to drill 6 wells and cover all the other expenses.

Even some of their wells were drilled down to 6000 Meter,which is considered to be much more expensive also.

In terms of cost cutting drilling should be much cheaper in 2010 compared to the very beginning in 2005,especially ment by unconventional resources.

For the time being it looks like drilling became more expensive compared to the expenditure of Földeak 1. By way of comparison with the nearby MAKO 6 one could come to the conclusion that Falcon had to spend at least 75 Million to frac and test at those temperatures and pressures discovered a few years ago.


Jan 15, 2010 05:21PM
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Jan 16, 2010 08:59AM

Jan 18, 2010 08:47AM
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