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The exploration of the Makó unconventional natural gas field caused huge costs for Falcon's interest: the 2010 balance sheet posted a loss of $100 million and the 2011 a loss of $32 million. The loss was borne by TXM Oil and Gas Research, Inc., owned by Mako Energy Corporation, a Delaware State (USA) subsidiary of Falcon Oil & Gas Ltd., Canada ...
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Through a $10 million private placement in Falcon Oil & Gas, Bryan Sheffield gains exposure to the company’s 1 million net acres in what he says “may become one of the biggest shale plays in ...
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Falcon Oil & Gas Ltd. was an early entrant into the shale gas play of South Africa, obtaining an 11,600-mi2 (30,000-km2) Technical Cooperation Permit (TCP) along the southern edge of the Karoo Basin. Shell obtained a larger 71,400-mi2 (185,000-km2) TCP surrounding the Falcon area, while Sunset Energy holds a 1,780 mi2 (4,600-km2) TCP to the ...
Among R&B Falcon's assets was the Deepwater Horizon. [13] R&B Falcon had acquired Cliffs Drilling Company in 1998. [14] In 2005, the company's Discoverer Spirit rig set a world record for the deepest offshore oil and gas well of 34,189 ft (10,421 m). [15]
State had active oil and or gas wells as of April 2015 [134] but no accidents have been uncovered. – Major crude oil train derailment in Mosier, a small town in the Columbia gorge spilled and burst into flames June 2016. The accident was due to railway dysfunction and bad parts.
Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands.