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Falcon Oil & Gas estimates Mako gas at 25.8 tcf 2008-05-05 11:30 ET - News Release Mr. Alexander Hubbard-Ford reports FALCON & GAS LTD. RECEIVES AN UPDATED INDEPENDENT RESOURCE ASSESSMENT FROM RPS SCOTIA FOR ITS MAKO TROUGH DEEP GAS PROJECT IN HUNGARY Falcon Oil & Gas Ltd. has received a new, updated, independent report from RPS Scotia disclosing an updated resource estimate of the Mako trough Pannonian basin gas accumulation within the production licence area of Falcon's deep gas exploration project in southeastern Hungary. The RPS Scotia report is compliant with National Instrument 51-101 "Standards of Disclosure for Oil and Gas Activities." The RPS Scotia report on the resource of the Mako trough describes a probabilistic distribution of the potentially recoverable portion of contingent resources, as defined by the Canadian Oil and Gas Evaluation Handbook, and does not represent an estimate of reserves. Based on all available data, RPS Scotia has assigned the probabilistic estimation shown in the table of potentially recoverable contingent resources in the Szolnok formation, the Lower Endrod, the Basal conglomerate and the Synrift sequence. The RPS Scotia report measures the Mako trough in trillions of cubic feet and millions of barrel oil. Probability greater than P90 (90%) P50 (50%) P10 (10%) Probabilistic estimation of potentially recoverable contingent resources 25.8 Tcf 43.9 Tcf 68 Tcf 42.6 mmbo 97.8 mmbo 202.7 mmbo We seek Safe Harbor. |
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| aus der Diskussion: | FALCON - ALLE DATEN, ALLE FAKTEN |
| Autor (Datum des Eintrages): | Mokwey (06.05.08 11:38:50) |
| Beitrag: | 47 von 47 (ID:34035648) |
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