Description: Falcon Oil & Gas Ltd. (TSXV:FO) is an international oil & gas company focused on exploration and production in Australia, South Africa and Hungary. Falcon's strategy is to acquire, explore and develop large acreage positions of unconventional and conventional oil and gas resources in major underexplored basins located in politically and economically stable countries, with a high regional demand for energy and existing infrastructure. The Company's distinctive approach is to seek endorsement of its acreage and support for its exploration efforts in partnerships with established international oil & gas companies. Falcon's assets are represented by interests in almost 15 million acres in areas allowing rapid delivery of oil and gas to market.In Australia, Falcon holds 100% interest in four exploration permits covering 7 million acres in the Beetaloo Basin, Northern Territory. Falcon's JV agreement with Hess covers significant seismic costs and an option to drill five wells. In South Africa, Falcon holds 100% interest in a Technical Cooperation Permit covering 7.4 million acres in the Karoo Basin. Falcon has signed a Cooperation agreement with Chevron to seek unconventional exploration opportunities in the Karoo Basin, onshore South Africa. The Karoo Basin is large (236,000 mi2), extending across nearly two-thirds of the country, with the southern portion (70,800 mi2) of the basin potentially favourable for shale gas. A significant portion of Falcon's TCP is located within the prospective area, along the southern boundary. Falcon's acreage in Hungary is adjacent to the giant Algy Field and is transected by existing gas pipelines offering near-term access to local markets.
Home Page: www.falconoilandgas.com
68 Merrion Square South
Dublin,
2
Ireland
Phone:
353 1 676 8702
Officers
| Name | Title |
|---|---|
| Mr. Philip O'Quigley B.Com., B.Comm, F.C.A., FCA | CEO & Exec. Director |
| Ms. Anne Flynn | CFO & Director |
| Dr. Gabor Bada | Head of Technical Operations |
| Mr. Bruce A. Lawrence | Corp. Sec. |
Exchange: PINK
Country: US
Currency: US Dollar ($)
| GIC Sector: | Energy |
|---|---|
| GIC Group: | Energy |
| GIC Industry: | Oil, Gas & Consumable Fuels |
| GIC Sub-Industry: | Oil & Gas Exploration & Production |
| Forward PE: | 0 |
|---|---|
| Trailing PE: | 0 |
| Price-to-Book MRQ: | 1.8857 |
| Price-to-Sales TTM: | 67882.75 |
| IPO Date: | |
| Fiscal Year End: | December |
| Full Time Employees: | 4 |