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: Falcon update
11
Mar 31, 2010 09:16AM
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Mar 31, 2010 10:04AM

Mar 31, 2010 11:39AM

You are welcome Eddie.

Falcon will be moving ahead on two fronts. They have two excellent assets, the one in Hungary is the most valuable and is more advanced; the other one in Australia requires further proving whether it’s viable.

However, by the quirk of circumstances it’s the Beetaloo play in Australia will be the first front to be conquered. To forestall any arguments, I believe that the necessary funds will be raised. Actually, this also would provide the much needed income for Falcon to fund their operational cost.

On the second front, I believe that Falcon will sign a JV with one or more interested parties, before year’s end. As György Szabó said, the evaluation of data is an ongoing process, therefore Falcon and its new JV partner(s) will be back in the field in 2011 in my opinion.

As for South Africa, it’s way down on the road.

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Mar 31, 2010 01:38PM
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Mar 31, 2010 10:31PM
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