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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Message: Re: Algyo the newest target?

Nov 09, 2009 05:56PM
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Nov 09, 2009 08:51PM
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Nov 09, 2009 11:41PM

>All what is left in the different formations or remained untouched since 1965 is difficult to exploit or to expensive to lift.

Except there were great advancements in the oil and gas exploitation technology in the last ten years. And these advancements were not limited only to the unconventional fields; these innovations have greatly improved the exploitation of conventional fields. With the application of 3-D seismic many of the old fields have shown previously undiscovered resources. Falcon spent $18 million on 3-D seismic in the Makó Trough, so I would say they do know a fair bit about the Algyo’s potential.

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