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
Falcon Update
As you can see, the Chevron/Beach Energy deal valued at $844 / acre. The Falcon/Origin/Sasol deal is in the same category. I added the Falcon deal to the chart. By the way Falcon should do so in their next Presentation. So, 4,000,000 acres x $844 = 3.38 billion dollars, 30% of that is 1.01 billion dollars. By using Falcon's own criteria Falcon's present value in the Beetaloo is just slightly over $1.00 dollar.
Falcon Update
But then, in January 2013 Falcon announced that an independent technical audit indicated a significant Increase in prospective resources in the Australian assets. Actually 100 TCF more gas and 3 billion barrels more of oil than the previous estimates have indicated.
Falcon's present value
Actually, my $1.35 risked valuation is very conservative. As you said, the market values 1 trillion cubic feet of gas at about 1 billion dollars in NorthAmerica, wherethe price of natural gas is averaging around $3.50 per thousand cubic feet.
Ryder Scott reports
Ryder Scott reports unrisked prospective resource best estimates of 19 billion barrels of oil and 64 trillion cubic feet of gas in Australian Beetaloo Basin property
The Makó gas will flow in 2012
Interview with Dr. György Szabó, head of Falcon Oil and Gas Hungarian operations.
Makó trough, the Hungarian Dubai.
Makó – So far, nearly 400 million dollars (more than 75 billion Hungarian Forint) was invested into the exploration of the Makó trough. György Szabó CEO of TXM Kft. the Hungarian subsidiary of Falcon Oil & Gas said in this interview: From 2012 several thousand people will be ensured of employment.
3D Rig Animation & Video
For more than 60 years, America’s energy producers have relied on an innovative technique known as hydraulic fracturing to enhance the production of oil and natural gas. While the first commercial “frac job” - as it is referred to within the industry - was conducted in 1947, the technique quickly became the most commonly used method of stimulating oil and natural gas wells. By 1988, the practice had already been utilized nearly one million times.
Searching, testing, and decisions about the gas in Makó.
The Makó trough gas explorations were started on December 29 2005 by TXM Olaj- és Gázkutató Kft the subsidiary of the Canadian Falcon Oil & Gas in the Óföldeák area.
An unconventional challenge
Dr György Szabó, Managing Director of TXM Oil and Gas Exploration based in Budapest, talks to Bob Combes about the company’s exploration, drilling and specialized methods for recovering natural gas from unconventional reservoirs in the Makó Trough field in the south of Hungary, in conjunction with its Canadian parent company Falcon Oil and Gas Ltd, and Exxon Mobil.
Exxon's breakthrough technology
Exxon's breakthrough technology is the key to the successful development of the unconventional gas field in the Mako trough.
BURLINGAME ASSET MANAGEMENT, LLC
The Eligible Institutional Investor (“Investor”) has purchased a total of 17,968,000 common shares. This brings the Investor’s total holdings to 105,635,269 common shares, representing approximately 17.7% of outstanding shares.
FO Data Room / Data Mining Heaven
Almost all information from the FO Data Room and Data Mining Heaven as built on the old $FOG board by parsec, lanman and others.