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.
Falcon Oil and Gas Set to Soar with Exxon Mobil's Lift
Investors who have been holding Falcon Oil and Gas (TSX.V:FO) have had the pleasure of enduring the equivalent of a roller coaster ride that doesn't stop. Through ups and downs, (but mostly downs), both institutional and individual shareholders have enjoyed a high of as much as $7.00 a share and as low as $0.28.
Exxon Deal Puts Obscure
For decades, the Makó Trough was known only to a small group of petroleum engineers. But that changed in April, when U.S. energy giant Exxon Mobil Corp. bought into a venture working to tap the formation's riches. Before long, headlines here were proclaiming that not only would Hungary be self-sufficient in gas, it would be able to supply its Eastern European neighbors, too.