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
Falcon Update
As you can see, the Chevron/Beach Energy deal valued at $844 / acre. The Falcon/Origin/Sasol deal is in the same category. I added the Falcon deal to the chart. By the way Falcon should do so in their next Presentation. So, 4,000,000 acres x $844 = 3.38 billion dollars, 30% of that is 1.01 billion dollars. By using Falcon's own criteria Falcon's present value in the Beetaloo is just slightly over $1.00 dollar.
Falcon Update
But then, in January 2013 Falcon announced that an independent technical audit indicated a significant Increase in prospective resources in the Australian assets. Actually 100 TCF more gas and 3 billion barrels more of oil than the previous estimates have indicated.
Falcon's present value
Actually, my $1.35 risked valuation is very conservative. As you said, the market values 1 trillion cubic feet of gas at about 1 billion dollars in NorthAmerica, wherethe price of natural gas is averaging around $3.50 per thousand cubic feet.
Ancient Rock Presents New Opportunity for Falcon
Global exploration and production company Falcon Oil & Gas sees new opportunity in the ancient rock of the Beetaloo Basin in Australia's Northern Territory, where the company and its partner PetroHunter Energy have identified multiple conventional and unconventional oil and gas targets after a well re-entry marked a significant discovery.
VIDEO - Second Take: Shale gas in the Karoo Basin
Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the exploration flurry for shale gas in the Karoo Basin.
VIDEO: Falcon Oil & Gas Ltd (CVE:FO) CEO Marc Bruner with Brian Carlton at Symposium Resources Roadshow in Sydney.
Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources in politically and economically stable countries that are characterized by a high regional demand for energy, and an existing infrastructure that permits rapid delivery of oil and gas to market. Australia - Beetaloo Basin
Beetaloo Basin- video presentation
Source and Reservoir Rock Attributes of Mesoproterozoic Shale, Beetaloo Basin, Northern Territory, Australia.Oral presentation by Ben Law
IHS COMPANY PROFILE
Now that shale gas has completely transformed the exploration and production scene in the US, numerous companies are attempting to bring the revolution to other parts of the world. Among them is Denver-based Falcon Oil & Gas, which has amassed leaseholds in three areas it believes to have great potential for unconventionals.
INTERNATIONAL HIGHLIGHTS
Falcon Oil & Gas Ltd. of Denver, the sole operator of more than 7 million acres under license in the remote basin, is in the process of proving that the Kyalla and Velkerri shales are Southern Hemisphere rivals to Marcellus, Haynesville and Barnett shales.
Australia Outback Could Be Next World-Class Unconventional Play
“This is a huge resource,” consultant Chris Moyes said of the Falcon Oil & Gas holdings in the vast Beetaloo Basin of the Northern Territory. “It is the biggest unconventional resource we know outside of North America. It certainly is of the same class as Gorgon and potentially bigger.”
The Beetaloo Basin (Northern Territory, Australia)
Australia projects
STANDARD & POORS FACTUAL STOCK REPORT
This company engages in the exploration and development of oil and gas projects in Hungary, Romania, and the Northern Territory, Australia.
RYDER SCOTT RESOURCE ESTIMATE
Evaluation of the Hydrocarbon Resource Potential Pertaining to Certain Acreage Interests in the Beetaloo Basin Northern Territory, Australia