By OGJ editors
HOUSTON, June 20 -- An independent analysis has estimated theoretical potential recovery from Falcon Oil & Gas Ltd.'s Mako Trough deep-gas exploration project in the Pannonian basin of southeastern Hungary at 18 tcf at 90% probability.
The estimate, by the Scotia Group, Dallas, focused on the basin-centered gas accumulation. At 50% probability, the estimate is 45.2 tcf and at 10% probability, 96.3 tcf.
Scotia based its estimates on historic data and new information.
Falcon, Denver, recently encountered thick sections of tight gas sands in two wells in the trough (OGJ Online, Mar. 24, 2006). Logs from the Pusztaszer-1 well on the Tisza license, which went to TD 3,900 m, indicated prospective sections of the Pliocene Szolnok and Miocene Endrod formations to be more than 100 m thick with moderate-to-good porosity.
Falcon has operations in Hungary, through its subsidiary TXM Oil & Gas Exploration, and operates in Romania through JVX Energy Corp.
