>Anyone have a comment on the new presentation?

They suck :)

Unless there is something wrong with my powerpoint viewer, most of the text is missing in the presentations. For some reason, they first posted pdfs, put out a news release telling the world about their new presentations, then they removed the pdf's and replaced them with the ppt files.

Here are the links to the pdfs:

http://www.falconoilandgas.com/pdf/Beetaloo-falcon-Final.pdf

http://www.falconoilandgas.com/pdf/Falcon-October-2009.pdf

http://www.falconoilandgas.com/pdf/Roadshow_PresentationFinal.pdf

Funny enough, when I downloaded these last week, the Algyo presentation was called "Falcon Mako Trough Algyo Plays.pdf". Now it's called Roadshow_PresentationFinal.

I guess that means they must be having a roadshow :)

They have also changed the first page of the pdf since last week. Instead of "Algyo Plays" the first page now says "Mako Trough Conventional Stratigraphic Plays"

Anyway, they are probably pushing the Algyo now because the licenses expire on Dec 31st. They will have until June 31, 2010 to apply for a production license. Since it's not a BCGA, that probably means they will have to actually have some gas flowing by that time in order to do so.

Remember the mystery "Szekkutas-2" well that is marked on the map that I pointed out earlier? My guess is that they want to drill that next. After all, they already know they have gas shows in that area above 2800 meters.

Budapest, Hungary - May 18, 2006 - Falcon Oil and Gas Ltd

Szekkutas-1 Well

The well encountered gas shows beginning in the lower Algyö Formation at 2,450 meters (8,038 feet).

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They probably had movable water though, since they made a point of NOT having movable water past 2950 meters.

"Wireline logs indicate gas saturation with no movable water from 2590 meters (8,497
feet)."