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: Upstream Article, Hess open to the idea

Quote from the Bloomberg article:

“Falcon is seeking a shale ‘specialist’ to fund exploration in two areas spanning about 700,000 acres of the Beetaloo Basin, Chief Executive Officer Robert Macaulay said today in a telephone interview from the company’s headquarters in Denver. The company owns permits covering 7 million acres in the basin in the Northern Territory, according to its website.”

Well Hess fits the description.

Hess Announces Capital Expenditure Budget Of $6.8 Bln For 2012

“The unconventional production and development expenditures budget of $2.5 billion will be used to develop the 16 rigs in Bakken Shale in North Dakota, and progress the expansion the Tioga Gas Plant. It will also be used for drilling appraisal wells in the Eagle Ford Shale in Texas and the Utica Shale in Ohio.”

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