Independents International Part Two: Australia's Beetaloo Basin Offers Falcon Oil & Gas Major Reserves Potential

摘要

Falcon Oil & Gas Ltd. is a global energy company focused on acquiring, exploring for and developing oil and gas resources in politically and economically stable countries characterized by high regional demand for energy and existing infrastructure to permit rapid delivery of produced oil and gas to market.rnA key strategic component of Falcon's business strategy is to leverage to large international acreage positions, the corporate expertise and experience it has acquired in drilling, completing and producing both conventional and unconventional North American reservoirs. Therefore, the Beetaloo Basin in the Northern Territory of Australia-arguably the oldest petroleum basin in the world, with source rocks dating to 1.4 billion years ago (Mesoproterozoic)-represents an ideal strategic fit for our company. It is an underexplored basin roughly the size of the Williston Basin, located in a politically stable country; it has potential for conventional hydrocarbon reservoirs as well as unconventional oil and gas resource plays; and it is in relative close proximity to marketing infrastructure.