Re: Where is the data?

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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solyomtwo

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Re: Where is the data?

in response to

Where is the data?

obiestyle

posted on Aug 02, 2013 01:52AM

I don’t think you would know how to interpret the data if it was given to you. That’s why Falcon has given it to the experts, namely RPS Energy. Falcon published their findings on 25 January 2013.

Falcon Oil & Gas Ltd. Announces Independent Technical Audit Indicating Significant Increase in Prospective Resources in Australian Assets

A summary of the resource updates are set out in the tables below with the most significant point to note being the substantial increase in the Play level Prospective Resource in the Beetaloo Basin.

Previous work carried out by Ryder Scott on the Beetaloo Basin in July 2009 and May 2010 indicated Prospective Resource recoverable volumes of 64 TCF of gas and 18 billion barrels of oil. The work completed by RPS Energy, which considers the potential of the whole of the on-block basin indicates a considerable increase in the Play level Prospective Resource recoverable volumes of 162 TCF of gas and 21 billion barrels of oil. Falcon is pleased to see that its on-going efforts in the basin-scale re-evaluation of the Beetaloo basin and the new information obtained in the Shenandoah-1 well are fully reflected in the latest resource volumes.