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: Sunday thoughts

Sunday thoughts

posted on Dec 12, 2009 09:59PM

If XOM walks FO and the "joint actors" get back their land at least.

Falcon will be the 100 % owner again.Not too bad after all,who cares.

The Russians,willing to bring about a change to the better, will have to move to the MAKO themselves with a lot of money in their pockets looking for any production and quickly forget any further ventures in Australia or elsewhere,as Beetaloo seems to me another wild-goose chase,causing Falcons downfall.

If we have to say good by to XOM,if it comes to the worst,lets keep their biggest venture in mind,the Sachalin 1 in Russia,a special mobile rig on wheels with currently 17 wells drilled,including the one and only record well (partly horizontal) 11.800 m or more than 38 000 feet.....with a lifting capacity of 400 MMcfpd of NG.....

http://www.sakhalin1.com/images/content/general/c12_d.jpg

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