The value of 1 TCF in Europe

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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spock999

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The value of 1 TCF in Europe

posted on Jun 25, 2009 03:08PM

In today's Calgary herald, Vermilion Energy Trust will pay 100million USD upfront and a final total price of 190 million - 200 million for a 18.5% stake in the Corrib filed off the coast of Ireland from Marathon Oil Corp. The Corrib filed is estimated to have 1 TCF Gas in place.

That will be 200 million USD for 0.185 TCF of GIP or roughly 1.08 billion USD for 1 TCF GIP

Now, only if the Mako can flow economically and make even 1/4 of the 25 TCF into GIP.........., divided by 600 million share of course! I guess that was where theknight's 10 USD target price coming from.

Just to make some noise at this super quiet and boring time for Falcon

Back to Summer nap ZZZZZZZZz

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