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
Message: Falcon Investor Briefing
Falcon Investor Briefing |
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| Madelaine Dawes | ||||||
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MPS has invited Marc A. Bruner, President and Chief Executive Officer of Falcon Australia and its Beetaloo Basin Project.MPS believes that Falcon has made a very significant discovery of conventional gas and unconventional shale oil and shale gas with their Shenandoah-1 well discovery. This is similar to the Barnett Shale in the USA. This discovery follows up earlier work by CRA (now Rio Tinto) about 20 years ago which proved substantial volumes of petroleum source rocks and oil and gas shows, but without delineating a commercial field.MPS is unaware of any other onshore oil or gas field that has the gross pay intervals intersected by Shenandoah-1 and the resulting reserve size and believes that this discovery will bring about a major rethinking of onshore oil and gas as it has in the USA and is the next logical extension of the success in Australia of Coal Seam Methane. MPS believes that the Beetaloo Basin and the expertise of Falcon will open up the entire field of unconventional oil and gas for Australia. With their resources and past experience Falcon could be the first company to have major onshore oil and gas production outside of the Cooper Basin. Falcon’s Shenandoah-1 well has encountered oil and gas shows, a potential conventional gas discovery and multiple thick zones of shale gas similar to the Basin Centered Gas Accumulations (BCGA) such as the Barnett and Haynesville Shales in USA. Leading international petroleum reserves consultant, Ryder Scott, has provided a (best) estimate of 19.1 Bbls oil and 63.9 TCF natural gas in their August 2009 report and October 2009 update. Mr. Bruner serves as President, Chief Executive Officer and Director of Falcon Oil and Gas Ltd. (TSXV: FO). Marc has a strong track record of founding and developing unconventional energy companies. Mr. Bruner was a co-founder and is the current Chairman of Gasco Energy, Inc. (AMEX: GSX). Previously, Mr. Bruner was a founder and was the Chairman of Ultra Petroleum Corporation (AMEX: UPL). Mr. Bruner also co-founded Pennaco Energy, Inc., which was acquired by Marathon Oil (NYSE: MRO) in 2001. This is a unique opportunity for Investors and Brokers to discuss Falcon Australia’s activities, current capital raisings and plans for a 2010 ASX listing. |
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