Falcon Oil & Gas expects Karoo Basin licence in 2016
The oil and gas company says it expects be awarded the exploration right over the Karoo Basin acreage before the end of the year
Company
LON:FOG
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the acquisition, exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.
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The oil and gas company says it expects be awarded the exploration right over the Karoo Basin acreage before the end of the year
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