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.
ExxonMobil and Hungary's MOL challenge Gazprom in Europe
Analysis: For several years now XOM has been testing two new technologies in the Piceance Basin of western Colorado and the Barnett shale of the Newark East Basin in Texas. One technique is called “Fast Drill Process” and the other is “Multi-Zone Stimulation”. Both are proprietary technologies. With this experience, XOM can make an accurate preliminary assessment based on a limited suite of data.
Falcon Report by Ian Macqueen, P. Geol.
This excellent valuation report by Ian Macqueen is factual in regard to the resource in the Makó Trough. However, Falcon’s JV partnership with ExxonMobil no longer is in effect. Any reference to this partnership should be disregarded. However, the fact that ExxonMobil and MOL’s partnership in the Makó Trough is still in effect, is noteworthy.
Photo Gallery
Due to the remoteness of FO's Hungarian Mako Trough operation and the absence of independently verifiable results, we began collecting daily photographs of well operations in late January 2007 and have accumulated more than 5,000 digital images to date
Soaring to new heights
As we wait, here's a reminder of what we are dealing with..... by the man himself but without much marketing jargon....
BMO Falkon Report
This Falcon report by BMO analyst Christopher Brown P.Eng. is factual in regards to the resource in the Makó Trough. However, Falcon’s JV partnership with ExxonMobil no longer is in effect. Any reference to this partnership should be disregarded. Presently, BMO is a representative for Falcon in an ongoing attempt to farm out Falcon’s Hungarian acreage. However, the fact that ExxonMobil and MOL’s partnership in the Makó Trough is still in effect, is noteworthy.
RESOURCE ESTIMATE
RESOURCE ESTIMATE MAKÓ TROUGH, HUNGARY Effective Date: March 31, 2008
CNBC Investor Network
An outlook on the markets, with John Glassman, Pacific American Securities trader and CNBC's Dylan Ratigan.
AVELAR Energy Group
The Swiss energy and gas company AVELAR Energy Group announced today that its stake in Falcon Oil & Gas Ltd. has reached 16.11%. Igor Akhmerov, CEO of AVELAR, commented: “We have fundamental belief that the management team of Falcon, together with Exxon and MOL, will bring the company to successful exploration results. Our investment in Falcon is strategic and long-term.”
MOL and ExxonMobil
On 11 April 2008 MOL joined the ExxonMobil-Falcon agreement by acquiring 50% of ExxonMobil's interest thus significantly increasing MOL's position in the Mako Trough.
Exxon's breakthrough technology
Exxon's breakthrough technology is the key to the successful development of the unconventional gas field in the Mako trough. Interestingly, Exxon's play in the Piceance Basin takes place in the same area where Falcon has a JV interest with Petrohunter.