Philip O’Quigley's Presentation

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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Dlasalle

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Philip O’Quigley's Presentation

posted on May 22, 2013 07:09PM

http://www.brrmedia.com/event/111891/partner/oilbarrel

This is a very interesting presentation. If you know these slides like the back of your hand like I do, the comments he makes while presenting are very interesting to say the least. Furthermore, the Q&A session at the end of the presentation offers some insight to Philip's approach to management. It is very clear to me why the board selected a former CFO.

Highlights:

Hungary's new Energy Tax and how it caught FO off-guard.
Not thrilled about Hungary's assets.
No more FO investor money on Hungary.
Approaching final decision on Hungary once NIS and testing of two untested wells is completed.
DrillTec - German owned company preparing to drill for NIS in Hungary.
If FO was not confident in Hess, they would have brought in 3rd party to reduce risk.
Farm Out to Japanese Firm? (Beetaloo-Hinted at this)
Buy Out PetroHunter
Nothing new on South Africa - Awaiting license and engaging Chevron on 3-5 year deal.

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