Falcon Oil & Gas (CVE:FO) CEO Marc Bruner with Brian Carlton at Symposium Resources Roadshow
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
Falcon Oil & Gas owns a 75% working interest in an aggregate 7,000,000 acre prospect in Northern Territory, Australia, known as the Beetaloo Basin.
The Beetaloo Basin, part of the larger MacArthur Basin, is a Pre Cambrian Basin in the Northern Territory of Australia, approximately 600 kilometers south of Darwin. The property consists of four exploration permits which encompass approximately 7,000,000 acres. Multiple conventional and unconventional oil and gas opportunities have been identified. The basin has more than 3,000m of sediment column in which two world class source rocks have been identified; the oil and gas generating Kyalla Shale and the gas generating Velkerri Shale. The main hydrocarbon plays in this large basin are in the shale reservoirs and in the sandstones adjacent to them. Each source rock is widespread, with thicknesses up to 800m. The sandstones have conventional porosities and permeabilities and numerous conventional structures have been mapped from over 2000km of 2D seismic. 11 wells have already been drilled in the basin in the 1990s. All of the wells showed presence of oil and gas.
PetroHunter Energy Corporation (OTC:PHUN) owns the remaining 25% working interest. Falcon Oil & Gas is the operator of the area.
About Falcon Oil & Gas Limited
Falcon Oil & Gas Limited (CVE:FO) is an international energy company engaged in the exploration of petroleum and natural gas, with offices in Vancouver, British Columbia, Denver, Colorado and Budapest, Hungary. The Company's primary focus is the identification, exploration and development of conventional and unconventional petroleum and gas projects in Central Europe, specifically Hungary and Romania. The Company holds two petroleum and natural gas exploration licenses: the Tisza License and the Mako License (collectively, the Licenses).
PetroHunter Energy Corporation
Falcon Oil & Gas Limited