Overview

Falcon holds almost 12.3 million acres prospective for mulitple BBO and TCF in three major underexplored basins in Hungary, Australia, and South Africa.

Beetaloo Basin, Australia
  • 4.6 million acres onshore Beetaloo Basin, Australia
  • Three Exploration Permits granted in 2005 and 2006
  • $80 million/3,490kms of seismic data acquired in 2011/2012 during a Joint Venture with Hess Corporation
  • 02 May 2014: Farm-Out with Origin and Sasol announced to each earn 35% 
Karoo Basin, South Africa
  • 7.5 million acres onshore Karoo Basin, South Africa
  • Highly competitive, strategic location surrounded by Shell and Sasol/Statoil/Chesapeak JV areas
  • Technical Cooperation Permit granted 2009, Exploration License pending
  • Cooperation Agreement with Chevron signed in Dec 2012 
Makó Trough, Hungary
  • 245,775 acres in the Mako Trough, Central Pannonian Basin
  • Jan 2013: 3 well drilling program agreed with NIS (subsidiary of GazProm) 
  • 35-year Production License granted May 21, 2007

  • Overview
  • Beetaloo Basin, Australia
  • Karoo Basin, South Africa
  • Makó Trough, Hungary
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