Annual Results/Update

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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JS490

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Annual Results/Update

posted on Apr 29, 2015 02:51AM

http://finance.yahoo.com/news/falcon-oil-gas-ltd-full-060000269.html

<"Looking ahead, with our fully funded 2015 Australian drilling campaign on track to commence this summer...">

"This summer". In other words, late June at the earliest (more likely July/August).

<"collect data points for subsequent vertical/horizontal drilling, completion and production testing.

Formation evaluation and reservoir characterisation will be carried out from these initial three wells through petrophysical interpretation, core analysis, geomechanical studies and stimulation design.">

It sounds to me like these initial wells might not even be flow-tested, ...which is really quite a shame, since the actual flow rates is arguably the most important parameter of the entire project.