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Thanks for the info… appreciate it. ggirl 05/25/23 8:27 AM
Sorry just posting general info pertaining to the Ebenezer3 05/25/23 8:24 AM
What does this mean for Falcon? ggirl 05/25/23 8:10 AM
Beetaloo basin news(Empire energy group): Ebenezer3 05/24/23 8:48 AM
South Africa circles back to shale...https://www.zawya.com/en/economy/africa/safrica-circles-back-to
Ebenezer3 05/18/23 8:05 AM
Australia's gas industry will take the lead to Ebenezer3 05/16/23 9:23 AM
Upstream article 5/11/23 Empire energy...
Ebenezer3 05/12/23 7:59 AM
Upstream article 5/11/23...
Ebenezer3 05/12/23 7:54 AM
Australian Budget Supports Gas and Hydrogen Development
Ebenezer3 05/10/23 8:05 AM
Proactive article: Ebenezer3 05/05/23 7:25 AM
Tamboran targets July for HP rig:
Ebenezer3 05/05/23 7:11 AM
Big bidders keep flashing.. TommyBoyTrader9460 05/04/23 1:24 PM
ABC News Ebenezer3 05/03/23 8:57 AM
Northern Territory clears way for fracking to begin
Ebenezer3 05/03/23 8:25 AM
$FOLGF Volume starting to crank up as ask
TommyBoyTrader9460 05/02/23 12:43 PM
Added the dip..to good to pass up.. TommyBoyTrader9460 05/02/23 11:26 AM
Beetaloo news imminent???..... Empire Energy urges governments to Ebenezer3 05/02/23 8:44 AM
Falcon Oil & Gas Ltd. - Full Year Results Ebenezer3 04/28/23 8:06 AM
Tamboran quarterly activities and cash flow report: https://www2.asx.com.au/mark Ebenezer3 04/28/23 8:04 AM
Tamboran wins court case, HP drill rig arrives
Ebenezer3 04/25/23 8:30 AM
Words of wisdom: Woodside Energy chief executive Meg
Ebenezer3 04/23/23 9:09 AM
News from Australia: APPEA
Ebenezer3 04/14/23 10:50 AM
Tamboran new presentation: Australian Domestic Outlook Conference.
Ebenezer3 03/22/23 1:28 AM
Amungee 2H frack completed:
Ebenezer3 03/21/23 7:46 PM
Amungee 2H start fracture operations: Ebenezer3 02/16/23 7:18 AM
Empire powers ahead with NT gas play
Ebenezer3 01/31/23 10:34 AM
Looks like the Eco-terrorist will win again???
Ebenezer3 01/23/23 8:10 AM
Video from the 1/18 Q&A is up and
Ebenezer3 01/19/23 8:37 AM
Yahoo Oil and Gas Investor Ebenezer3 11/30/22 1:59 PM
https://www.globenewswire.com/news-release/2022/10/11/2531448/0/en/Falcon-Oil-Ga Ebenezer3 10/11/22 10:39 AM
Thanks 222 04/06/22 8:56 PM
New investor, Sheffield, is big news. Gives some tsoprano-1 04/06/22 10:20 AM
The adds+ in the last 6 trading days 222 03/27/22 3:45 PM
Well now I post here. If you read klimanjaro 09/07/21 8:33 AM
Took me an hour to read all the tsoprano-1 09/03/21 11:07 AM
It’s all good ??, how come no posts? 222 09/03/21 10:26 AM
Another PR and volume up today https://falconoilandgas.com/2021/01/22/gas-compo TheGreenComma 01/22/21 11:32 AM
Still have some hope here, hopefully patience pays off.. https://www.northqueen TheGreenComma 01/22/21 8:43 AM
nice CashCowMoo 10/22/20 1:31 PM
Similar article posted on Yahoo. Falcon mentioned TheGreenComma 10/22/20 5:24 AM
https://www.katherinetimes.com.au/story/6980103/energy-companies-say-gas-testing TheGreenComma 10/22/20 5:18 AM
21 October 2020 - Falcon Oil & Gas TheGreenComma 10/21/20 8:26 AM
Saw this today on Falcons homepage and could TheGreenComma 10/21/20 8:22 AM
I’ve been in this for many years- hopefully Jamz25 10/13/20 7:46 PM
Yes, Empire had great results that the posters tsoprano-1 10/12/20 4:03 PM
Some positive news over the weekend in the TheGreenComma 10/12/20 9:31 AM
From what I hear the gov is doing tsoprano-1 09/17/20 1:10 PM
I am not holding any as I first CashCowMoo 09/16/20 5:03 PM
Yes, unfortunately. Couldn't have played this one TheGreenComma 09/16/20 4:12 PM
Anyone holding here? CashCowMoo 09/16/20 3:42 PM
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Falcon Oil and Gas (FOLGF)

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Falcon Oil & Gas


Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources. We focus on areas in politically and economically stable countries that are characterized by a high regional demand for energy with existing infrastructure allowing rapid delivery of oil and gas to market. Falcon has interests in approximately 12.3 million gross acres in three major exploration projects in Australia, South Africa and Hungary.
Our offices are in Dublin, Ireland and Budapest, Hungary. Shares of our company trade in Toronto on the TSX Venture Exchange (TSXV) under the ticker symbol 'FO', in London on the London Stock Exchange (AIM) under the ticker symbol 'FOG' and in Dublin on the Irish Stock Exchange (ESM) under the ticker symbol 'FAC' .


Falcon Oil & Gas gives more insights to massive discovery in Australia’s Northern Territory

12:00 18 Feb 2017
Here, we feature questions and answers that provide valuable insights to the Beetaloo shale project, and what investors can expect in the coming months.
oil drilling, wells
Falcon share price has risen some 95%.

Falcon Oil & Gas Ltd (LON:FOG) this week revealed it is sitting on a potentially massive discovery in Australia’s Northern Territory.

On Wednesday, citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet (TCF).

Converting that to oil equivalent, it stacks up to 82bn barrels of the black stuff.

This breakthrough has seen the Falcon share price rise some 95%.

Here, we feature questions and answers that provide valuable insights to the project, and what investors can expect in the coming months.

Falcon - Beetaloo discovery Q&A

Q: Wednesday’s press release was in two parts, can you tell us more about that?

A: The first part of our press release talks about the Discovery Report that was submitted to the Northern Territory Government, which was a requirement following the declaration of a discovery in October 2016.

The second part talks about the contingent resource numbers that Origin announced.

Q: Who prepared the Discovery Report?

A: The Discovery Report was prepared by the operator, Origin Energy Resources Limited on behalf of the Beetaloo Joint Venture.

Q: Why was the Discovery Report prepared and to whom was it submitted?

A: The Report was prepared in accordance with the requirements of Section 64 of the Northern Territory Petroleum Act (2016) and submitted to the NT Department of Primary Industry and Resources (DPIR).

It follows the Declaration of a Discovery submitted to the DPIR on the 7th October 2016.

Q: What are the key findings in the Discovery Report?

A: The most significant part of the Report is the estimated Original Gas in Place (OGIP).

Origin calculated a gross best estimate for OGIP of 496 TCF over an area of over 16,000 km2. 

Q What work has Origin based the OGIP estimate on?

A: The JV drilled three vertical wells and one horizontal well over the past couple of years.

In addition, we carried out a hydraulic fracture stimulation on the horizontal well and then completed a 57day extended production test.

All the data from this drilling and production and testing program together with the previously acquired 1,000’s of km’s of seismic was used in determining the OGIP number.

Q: So this basically covers everything Falcon owns in the Beetaloo

A: Not at all. This OGIP number is based solely on the B shale within the middle Velkerri formation.

That is the shale formation that we carried out the extended production test on last year.

However, within the Middle Velkerri we have also identified an “A” and “C” shale.

And then there is the real potential of the Kyalla shale which has yet to be tested. 

Q: Just how big is the project? 16,000 square kilometres sounds like a very large area.

A: It is equivalent to almost 4 million acres. Wales measures around 5m acres. Leinster is about 4.9m acres – so it’s a pretty big area alright. 

Q: And just how big a project would 496 trillion cubic feet really be?

A: While the OGIP is a big number and has a BOE equivalent of 82 billion barrels of oil, we should look at what we think is technically recoverable.  

Origin has taken a conservative view and has taken into account subsurface and surface utilisation factors to come up with a best estimate recovery factor of 16%.

Q: So that is still a pretty big number, in terms of a technically recoverable resource?

A: Yes, it certainly is. It works out to be around 85 TCF.

Q: It seems that Origin has gone further than the OGIP in the Discovery Report and has indicated a contingent gas resource

A: Yes, Origin’s own press release indicates 6.6 trillion cubic feet of gross contingent gas resources, around an area of just 1,968 square kilometres.

This is a very exciting development to be able to advance some of our resource categorisation to a contingent resource.

Q: The 6.6 TCF is just around 1,968 square kilometres - how was this area calculated?

A: This is just the area surrounding and adjacent to the Amungee NW-1H well – the well that we flow tested late last year for 57 days.

Q: Is it possible to extrapolate that number over the entire permit area of 16,000 square kilometre area?

A: It’s a bit too early to do that and we need a lot more wells drilled and extended production tests.

But based on the very encouraging results we got from the Beetaloo W-1 well 85km south of the Amungee well it is exciting.

Q: How does the Beetaloo compare to other shale plays, particularly in the US?

A: In Origin’s opinion and as set out in their own press release as one of the basis for determining a discovery the Marcellus and Barnett Shales in the USA are analogous, commercially productive fields that are similar to the Middle Velkerri B Shale reservoir.

Q: Remind us of the ownership structure, how much of the project does Falcon own?

A: Falcon farmed out 70% of this project to Origin and Sasol back in 2014 in exchange for them carrying Falcon through approximately $200m of capex.

Falcon still own 30% through our 98.1% Australian subsidiary.

Q: There’s currently a moratorium on hydraulic fracturing in the Northern Territory - what is the latest news on this?

A: The moratorium on hydraulic fracturing was introduced by the NT Government on 14 September 2016. Since then an independent Panel has been established to conduct an independent inquiry and report back to the Government.

They plan on publishing an “Issues Paper” before the end of February and then publish an interim report by the mid 2017 with a final report by the end of the year. 

Q: Do you think that this discovery will influence the outcome of the moratorium?

A: The Independent panel has to look at all the issues such as the potential impact on the environment but also the potential economic impact.

This Discovery Report together with Origin’s contingent resource estimate will hopefully provide insight into the potential positive impact this unconventional resource may have on the economy of the NT and on Australia. 

Q: What are the future plans for the joint venture? Will there be more drilling in 2017?

A: Pending the outcome of the moratorium currently in place, Origin has requested a suspension of all drilling operations with the DPIR and await their formal response to the request.


Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing properties where we believe significant commercial reservoirs of oil and natural gas exist.


Our expertise includes some of the world’s top oil and gas experts with several decades of highly successful unconventional and conventional natural gas drilling, development and production in North America. We are the first North American company to bring unconventional drilling and extraction technologies (developed in the tight gas sands of the U.S. Rocky Mountain region) to Europe.

Our global operations are focused in countries characterized by stable political leadership, a healthy, growing economy, a high regional demand for energy and an existing pipeline infrastructure that permits rapid delivery of oil and gas to market.

Our offices are in Denver, Colorado, Vancouver, British Columbia, and Budapest, Hungary. Shares of our company trade on the Toronto TSX Venture Exchange under the trading symbol ‘FO’. On US OTC they trade as FOLGF.PK.

Thursday April 10th, 2008 Falcon Oil & Gas Ltd. announced that it and its wholly owned subsidiary, TXM Exploration and Production LLC, have entered into a Production and Development Agreement with Exxon Mobil Corporation affiliate Esso Exploration International Limited (ExxonMobil) under which Falcon and ExxonMobil will become joint owners in a specified portion (the "Contract Area") of Falcon's long-term production license (the "Production License") in the Mako Trough, Hungary. ExxonMobil will operate the Contract Area.

Latest Press Release:

Falcon Oil & Gas Ltd. Receives an Updated Independent Resource Assessment From RPS Scotia for Its Mako Trough Deep Gas Project in Hungary
Monday May 5, 11:05 am ET

DENVER, May 5 /PRNewswire/ -- Falcon Oil & Gas Ltd. (TSXV: FO) announced that it has received a new, updated, independent report from RPS Scotia disclosing an updated resource estimate of the Mako Trough Pannonian Basin Gas Accumulation (the "Mako Trough") within the production license area of Falcon's deep gas exploration project in southeastern Hungary (the "RPS Scotia Report").

The RPS Scotia Report is compliant with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities" ("NI 51-101").

The RPS Scotia Report on the resource of the Mako Trough describes a probabilistic distribution of the potentially recoverable portion of "Contingent Resources" as defined by the Canadian Oil and Gas Evaluation Handbook and does not represent an estimate of reserves.

Based on all available data, RPS Scotia has assigned the following probabilistic estimation of potentially recoverable contingent resources in the Szolnok formation, the Lower Endrod, the Basal Conglomerate and the Synrift Sequence. The RPS Scotia Report measures the Mako Trough in trillions of cubic feet (Tcf) and millions of barrel oil (mmbo):

Probability Greater Than
P90 (90%) P50 (50%) P10 (10%)
Probabilistic estimation
of potentially recoverable 25.8 Tcf 43.9 Tcf 68 Tcf
contingent resources (1) (2) 42.6 mmbo 97.8 mmbo 202.7 mmbo


(1) The resource estimate has been conducted using the definitions
specified by the Canadian Oil and Gas Evaluation Handbook. The Mako
Trough resource falls under the "Discovered Resources" classification.

The values refer to the probabilistically estimated recoverable
fraction of "Contingent Resources" within that classification.
Contingent resources are those quantities of oil and gas estimated on
a given date to be potentially recoverable from known accumulations
but are not currently economic. The economic nature of this resource
has not yet been assessed due to the early stage of data gathering for

the Mako Trough resource. The recoverable portion of this "Contingent
Resource" is contingent upon the demonstration of productive
capability of the various zones of interest through well testing and
longer term production testing which has not occurred as of the
effective date of the report.
(2) Estimates are as of March 31st, 2008, the effective date of the RPS
Scotia Report.

A copy of the RPS Scotia Report is available at http://www.sedar.com.

About The Scotia Group

Founded in 1981, The Scotia Group recently joined The RPS Group and is now known as RPS Scotia, Inc. RPS Scotia consists of approximately 20 geoscience and petroleum engineering professionals and has offices in Houston and Dallas. RPS Scotia provides advisory services to the oil and gas industry specializing in technical and economic analysis of projects, properties and companies. In addition to advisory services RPS Scotia provides traditional consulting services including integrated field studies, reserves reporting, geology, geophysics, and reservoir engineering. Clients include banks, financial institutions, the legal community, government agencies, and major and independent international energy organizations including ChevronTexaco, EnCana, Petrobras, Reliance Industries, Repsol Exploration, Pemex Exploracion y Produccion, Woodside Petroleum and the U.S. Department of Energy. The RPS Group has over 164 professionals located worldwide, in the U.S.; Canada, the U.K., Australia, Russia, and Singapore and provides similar and expanded capabilities including sedimentology, environmental services, and geohazards.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Exploration and Production, LLC, and in Romania through its wholly-owned subsidiary JVX Energy Corporation. Further information about Falcon is available at http://www.falconoilandgas.com.

Falcon Oil and Gas Ltd. Investor and Public Relations:
Alexander Hubbard-Ford
+1 303-951-1116
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