Re: Russia's richest oligarch backs Irish fracking firm Falcon Oil in gamble

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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JS490

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Re: Russia's richest oligarch backs Irish fracking firm Falcon Oil in gamble

in response to

Russia's richest oligarch backs Irish fracking firm Falcon Oil in gamble

Lakeside_Park

posted on Jun 29, 2015 01:06AM

<"...has emerged as a major backer....through Soliter Holdings...">

Soliter has been involved for a very long time. This is basically old news, re-packaged to sound like something new.

<"Falcon has a market capitalisation of €138m, even though it's not producing anything. The value is based entirely on the potential of its portfolio, which may never be realised.">

Obviously.

Don't get me wrong, I'm optimistic about the Beetaloo, and think it may eventually turn out to be something very special, ...but they need to have adequate flow/production tests - -so maybe next year.