Falcon Oil and Gas Ltd.

Just reposting this to keep the The Falcon Play tread intact.

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Well well well....look what just surfaced, according to some 'tools' the Play in Hungary is worthless. That's a bunch of malarkey.

Lets see... NIS is poking around in the shallow Algyo play that contains at the most about a half TCF gas.

That's not really a huge amount of gas, but still it would be nice to get. You have to realize that MOL the Hunagarian energy company already drained the Algyo formation over the course of the last 60 years. What's remained at the the bottom of the Algyo formation is in narrow intervals and is unconventional that requires horizontal drilling. So, NIS must be the only company in the 21'st century that does not know that. They say NIS wants to drill a third well, I say if they don't go horizontal better forget about it.

Then again, maybe things aren't what they seem. They maybe poking around the deeper Algyo and right into the Szolnok formation to learn about the deep Mako play. Afterall, The deep Mako play contains 70 times more gas at 35 TCF.

When you are lookig the following charts, you can see why the horizontal drilling is a must. And you also can see that the Algyo formation really not that shallow at all.

The long-term investor just smiling.

Falcon's present value is $2.35

Target price is $5.00 +++