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The Small Cap Epicenter
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Falcon Oil & Gas is a TSX-V listed, Canadian international energy company that has primarily focused its efforts on the evaluation of a potential resource in the Makó Trough in south central Hungary. The Makó Trough contains a large Basin Centered Gas Accumulation (BCGA) with multi-zone potential, and contingent recoverable resources of 43.9Tcf of gas and 97.8MMBbl of oil.
ExxonMobil Corp. recently farmed into Falcon Oil & Gas Ltd.’s Makó Trough “tight-gas” project in Hungary. As ExxonMobil’s interests extend beyond the borders of Falcon’s area, it is a positive sign that Falcon has a sizeable prospect that merits the attention of a major oil and gas company.
RESOURCE ESTIMATE MAKÓ TROUGH, HUNGARY Effective Date: March 31, 2008
This company engages in the exploration and development of oil and gas projects in Hungary, Romania, and the Northern Territory, Australia.
Evaluation of the Hydrocarbon Resource Potential Pertaining to Certain Acreage Interests in the Beetaloo Basin Northern Territory, Australia
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
Interview with Dr. György Szabó, head of Falcon Oil and Gas Hungarian operations.
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.
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.
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.
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 is the key to the successful development of the unconventional gas field in the Mako trough.