Falcon Oil and Gas Ltd.'s Profile
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. We focus on areas in politically and economically stable countries that are characterized by a high regional demand for energy with existing infrastructure allowing rapid delivery of oil and gas to market. Falcon holds almost 15 million acres in three major exploration projects in Hungary, Australia, and South Africa.
Our offices are in Dublin, Ireland and Budapest, Hungary. Shares of our company trade on the Toronto TSX Venture Exchange under the trading symbol ‘FO’.
Our Strategy:
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. As one of the first explorers for unconventional resources outside of North America, Falcon has secured interests in almost 15 million acres in politically and economically stable countries that are characterized by a high regional demand for energy.
In each of our areas, Falcon invests in developing a deep technical understanding of the petroleum potential and in establishing essential relations with landowners, officials and the community. We then seek strategic joint venture partners to participate in and advance our exploration efforts.
Who We Are:
Falcon’s management team includes geologists, engineers and community leaders with a unique mix of experience in unconventional drilling and completion technology, international exploration, negotiations and community relations. Falcon’s Board of Directors consists of a diverse group of industry veterans, successful entrepreneurs and sophisticated oil and gas investors with a specific goal to demonstrate the value of the assets to our shareholders.
Our Commitment:
Falcon operates amongst some of the world’s most diverse communities and sensitive natural habitats. In an effort to proactively address landowners and environmental concerns, we engage the community and government officials to facilitate information exchange, support the local economy and protect sacred areas. As a company, Falcon commits to implement best practices with regard to community outreach, environmental precautions, and public disclosure. We do this not because we have to, but because it is right to do so.
Overview
Falcon holds almost 15 million acres prospective for mulitple BBO and TCF in three major underexplored basins in Hungary, Australia, and South Africa.
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Makó Trough, Hungary
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Falcon Oil & Gas Corporate Presentation 2012 December 14
RPS Scotia Resource Estimate, Makó Trough, Hungary
Ryder Scott Resource Estimate, Beetaloo Basin, Australia
Falcon Oil & Gas Corporate Presentation April 2014
Management & Directors
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Philip O'Quigley
Chief Executive OfficerPhilip O’Quigley was appointed Chief Executive Officer of Falcon Oil & Gas in April 2012. O’Quigley brings 20 years’ experience in finance positions in the oil and gas industry. His career, which spans a number of London and Dublin listed E & P companies, includes experience working in countries such as Argentina, the United States, Algeria, the UK and Ireland. Most recently, he served as Finance Director for Providence Resources, an Irish oil and gas exploration and production company.
O’Quigley is a Fellow of the Institute of Chartered Accountants in Ireland and qualified as a Chartered Accountant with Ernst & Young in Dublin.
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Eoin Grindley
Chief Financial OfficerEoin Grindley was appointed Chief Financial Officer of Falcon Oil & Gas on 30th July 2012 (subject to TSXV approval). Eoin has over 20 years of financial management experience and has worked in senior management positions at Sandvik Mining and GE Energy.
Eoin is a member of the Association of Chartered Management Accountants since 1996, having graduated from Trinity College Dublin with B.Sc (Mgmt) in 1991. -
Dr. György Szabó
Managing Director, TXM Exploration and Production LLCDr. Szabó has been a Director of Falcon since 2006. He has also served as Consultant and Mining Bureau Registered Technical Responsible Person for Falcon’s wholly-owned subsidiary TXM Oil & Gas Exploration Kft. since 2005. Dr. Szabó is a widely recognized authority in the Hungarian and international petroleum industry. In addition to being a university professor, Dr. Szabó has overseen the design and implementation of the deepest HP-HT well ever drilled in Hungary. In 1991 he was in charge of successful fire control and well abandonment operations by Hungarian teams in Kuwait. He was instrumental in the privatization and the strategy related to the capitalization and structure of Hungary’s former National Oil Corporation (presently MOL), as well as the landmark listing of the company on domestic and international securities exchanges in 1995. Dr. Szabó graduated from Miskolc University and received a degree in petroleum engineering in 1963. He received his Ph.D. in 1975.
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Dr. Gábor Bada
Technical OperationsDr. Gábor Bada is a geologist with 15 years of experience in oil and gas exploration, research and assessment. Over the last 6 years, he has primarily focussed on exploring unconventional resources, including tight gas, shale gas and shale oil plays in various basins in Africa, Australia, the US and Central and Eastern Europe. Dr. Bada has published more than 150 scientific and technical papers.He obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Aniversiteit Amsterdam, the Netherlands. He is a member of AAPG, EAGE and SPE.
Broker Fact Sheet
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FO Broker Fact Sheet
Thu Mar 29, 2019Fact sheet details
Company Links
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Tue May 06 2014, 10:04AMAs 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.
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Thu Aug 15 2013, 04:25AMBut 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.
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Fri Dec 21 2012, 10:21PMActually, 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.
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Thu Dec 01 2011, 11:50AMFalcon 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.
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Sun Aug 21 2011, 09:41PMFalcon is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources
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Wed Jan 19 2011, 09:58AMCurrent development targets include the European shale basins of the Baltic Basin in Poland, Lower Saxony Basin in Germany, Makó Trough in Hungary, East Paris Basin in France, Weald Basin in England, Vienna Basin in Austria, and Cambrian Alum Basin in Sweden.
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Tue Sep 14 2010, 10:27PMGlobal 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.
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Tue Jul 06 2010, 10:50PMSource and Reservoir Rock Attributes of Mesoproterozoic Shale, Beetaloo Basin, Northern Territory, Australia.Oral presentation by Ben Law
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Tue May 18 2010, 09:24AMNow 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.
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Mon Dec 01 2008, 01:20PMThis excellent valuation report by Ian Macqueen is factual in regard to the resource in the Makó Trough. However, Falcon’s JV partnership with ExxonMobil no longer is in effect. Any reference to this partnership should be disregarded. However, the fact that ExxonMobil and MOL’s partnership in the Makó Trough is still in effect, is noteworthy.
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Wed Nov 19 2008, 08:57AMThis Falcon report by BMO analyst Christopher Brown P.Eng. is factual in regards to the resource in the Makó Trough. However, Falcon’s JV partnership with ExxonMobil no longer is in effect. Any reference to this partnership should be disregarded. Presently, BMO is a representative for Falcon in an ongoing attempt to farm out Falcon’s Hungarian acreage. However, the fact that ExxonMobil and MOL’s partnership in the Makó Trough is still in effect, is noteworthy.
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Wed Nov 19 2008, 08:51AMRESOURCE ESTIMATE MAKÓ TROUGH, HUNGARY Effective Date: March 31, 2008
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Sat Nov 15 2008, 11:24AMOn 11 April 2008 MOL joined the ExxonMobil-Falcon agreement by acquiring 50% of ExxonMobil's interest thus significantly increasing MOL's position in the Mako Trough.
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Mon Sep 30 2013, 09:35AMIt doesn’t take a Mensa member with an IQ of 200 to figure out what the backroom boys are up to. For weeks, just to get their grubby hands on your investment, they tried to drive the stock price into the ground to no avail
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Mon Dec 19 2011, 02:01PM
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Mon Jul 04 2011, 08:51AMTHE little-known Beetaloo Basin, 600km south of Darwin, is about to have the spotlight descend on it as US oil company Hess finalises a $US60 million ($55.6m) deal to explore there, and a US oilman with a lengthy interest in the region gears up for an Australian float focused on surrounding permits.
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Wed Apr 06 2011, 09:37AMCreamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about BHP Billiton, Sasol and Shell's exploration and 'fracking' for shale gas.
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Mon Aug 02 2010, 10:26PMCreamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about the exploration flurry for shale gas in the Karoo Basin.
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Mon Aug 02 2010, 09:55PMFalcon 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
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Tue May 18 2010, 09:20AMFalcon 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.
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Tue May 18 2010, 09:16AM“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.”
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Mon Feb 15 2010, 11:39AMAustralia projects
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Mon Aug 24 2009, 07:49PMThis company engages in the exploration and development of oil and gas projects in Hungary, Romania, and the Northern Territory, Australia.
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Fri Aug 21 2009, 10:12AMEvaluation of the Hydrocarbon Resource Potential Pertaining to Certain Acreage Interests in the Beetaloo Basin Northern Territory, Australia
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Tue Aug 18 2009, 08:29PMRyder Scott reports unrisked prospective resource best estimates of 19 billion barrels of oil and 64 trillion cubic feet of gas in Australian Beetaloo Basin property
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Wed Aug 12 2009, 11:09AMInterview with Dr. György Szabó, head of Falcon Oil and Gas Hungarian operations.
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Wed Aug 12 2009, 11:04AMMakó – So far, nearly 400 million dollars (more than 75 billion Hungarian Forint) was invested into the exploration of the Makó trough. György Szabó CEO of TXM Kft. the Hungarian subsidiary of Falcon Oil & Gas said in this interview: From 2012 several thousand people will be ensured of employment.
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Mon Aug 03 2009, 04:57PMFor more than 60 years, America’s energy producers have relied on an innovative technique known as hydraulic fracturing to enhance the production of oil and natural gas. While the first commercial “frac job” - as it is referred to within the industry - was conducted in 1947, the technique quickly became the most commonly used method of stimulating oil and natural gas wells. By 1988, the practice had already been utilized nearly one million times.
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Sat Jul 18 2009, 03:05AMThe Makó trough gas explorations were started on December 29 2005 by TXM Olaj- és Gázkutató Kft the subsidiary of the Canadian Falcon Oil & Gas in the Óföldeák area.
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Fri Jul 03 2009, 11:23AMDr György Szabó, Managing Director of TXM Oil and Gas Exploration based in Budapest, talks to Bob Combes about the company’s exploration, drilling and specialized methods for recovering natural gas from unconventional reservoirs in the Makó Trough field in the south of Hungary, in conjunction with its Canadian parent company Falcon Oil and Gas Ltd, and Exxon Mobil.
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Tue Jun 02 2009, 11:33AMExxon's breakthrough technology is the key to the successful development of the unconventional gas field in the Mako trough.
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Sat May 16 2009, 09:46AMRenova Announces Regulatory Filing
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Wed Apr 15 2009, 04:58AMThe Eligible Institutional Investor (“Investor”) has purchased a total of 17,968,000 common shares. This brings the Investor’s total holdings to 105,635,269 common shares, representing approximately 17.7% of outstanding shares.
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Sun Mar 01 2009, 08:02AMAlmost all information from the FO Data Room and Data Mining Heaven as built on the old $FOG board by parsec, lanman and others.
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Thu Jan 01 2009, 10:59AMAnalysis: For several years now XOM has been testing two new technologies in the Piceance Basin of western Colorado and the Barnett shale of the Newark East Basin in Texas. One technique is called “Fast Drill Process” and the other is “Multi-Zone Stimulation”. Both are proprietary technologies. With this experience, XOM can make an accurate preliminary assessment based on a limited suite of data.
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Mon Nov 24 2008, 11:41AMDue to the remoteness of FO's Hungarian Mako Trough operation and the absence of independently verifiable results, we began collecting daily photographs of well operations in late January 2007 and have accumulated more than 5,000 digital images to date
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Mon Nov 24 2008, 05:15AMAs we wait, here's a reminder of what we are dealing with..... by the man himself but without much marketing jargon....
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Sun Nov 16 2008, 07:04PMAn outlook on the markets, with John Glassman, Pacific American Securities trader and CNBC's Dylan Ratigan.
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Sat Nov 15 2008, 12:45PMThe Swiss energy and gas company AVELAR Energy Group announced today that its stake in Falcon Oil & Gas Ltd. has reached 16.11%. Igor Akhmerov, CEO of AVELAR, commented: “We have fundamental belief that the management team of Falcon, together with Exxon and MOL, will bring the company to successful exploration results. Our investment in Falcon is strategic and long-term.”
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Sat Nov 15 2008, 09:55AMExxon's breakthrough technology is the key to the successful development of the unconventional gas field in the Mako trough. Interestingly, Exxon's play in the Piceance Basin takes place in the same area where Falcon has a JV interest with Petrohunter.
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Sat Nov 15 2008, 09:02AMInvestors who have been holding Falcon Oil and Gas (TSX.V:FO) have had the pleasure of enduring the equivalent of a roller coaster ride that doesn't stop. Through ups and downs, (but mostly downs), both institutional and individual shareholders have enjoyed a high of as much as $7.00 a share and as low as $0.28.
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Fri Nov 14 2008, 06:47AMFor decades, the Makó Trough was known only to a small group of petroleum engineers. But that changed in April, when U.S. energy giant Exxon Mobil Corp. bought into a venture working to tap the formation's riches. Before long, headlines here were proclaiming that not only would Hungary be self-sufficient in gas, it would be able to supply its Eastern European neighbors, too.