Agoracom: Small Cap Investment - Falcon Oil and Gas Ltd. - Re: The Falcon play - The Algyő Formation

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: The Falcon play - The Algyő Formation – the “New” Old Play

in response to

Re: The Falcon play - Irregularity in the trading of Falcon

solyomtwo

posted on Nov 22, 2012 08:48AM

I noticed that some folks here giving too much importance to the NIS deal in Hungary. Actually, it’s getting more and more look like a distraction reminiscent to Falcon’s private placement agreement with the Chinese back in November 2010. As you probably recall, it didn’t go anywhere.

I think NIS has a 50-50 chance to make it. Let's assume they do. So then, NIS task will be the exploration of the shallow Algyő formation to extract an estimated 1 TCF of gas.

Nice, but it’s only a chump change compared to Falcon’s 44 TCF of gas in the deep unconventional formations. Not to mention the 64 TCF of gas in the Beetaloo basin.