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Falcon Oil Share Discussion Threads
Showing 2001 to 2023 of 2025 messages
It's simply the software making an incorrect judgement. The system makes a 'guess' as to the trade price relating it back to the mid price giving a buy or sell judgement..sometimes they are correct and sometimes they are not..
It's a guess like everything in the market!|
|Daft question but why would a buy show up as a sell?|
|nice reverse trend,bodes well,all very positive|
|did buy another 40k. should show up later as a sell me thinks!|
|Seems like falcon is a friday afternoon stock!|
|By Jamie Ashcroft:
Exciting is building for investors in Falcon Oil & Gas with the shares jumping some 50% this week.
The market is seemingly giving the explorer more credit for its potentially huge shale project in Australia’s Northern Territory, with the shares rising to 25.6p from 18p in recent days.
In February, it was declared that the group’s acreage (some 16,000-square kms) contained a ‘best’ estimate of 496 trillion cubic feet (TCF) of gas. That world class resource equates to a massive 82bn barrels of oil potential.
Successful wells have so far proved up some 6.6 TCF of contingent resources – which amounts to 1.94 TCF net to Falcon.
The new resource figures immediately sent the shares sharply higher, though the group’s valuation is still tempered by uncertainty, because the drilling programme in Australia was put on hold due to a temporary moratorium on shale gas, whilst the authorities conduct a new evaluation of the emerging industry and its practices.
The moratorium on hydraulic fracturing – the necessary process to complete shale gas wells – was introduced by the NT Government on 14 September 2016 and subsequently an independent panel has been established to conduct an independent inquiry and report back to the government.
The panel is looking at all the issues such as the potential impact on the environment but also the potential economic impact.
New Australian proposal bodes well for Falcon:
Proposals to lift a separate but similar ban on coal seam gas operations in Australia prompted the surge in Falcon’s shares this week.
Indeed, according to stockbroker WH Ireland, the proposal bodes well for Falcon’s planned development of Australian shale resources.
Australia’s deputy prime minister Barnaby Joyce is supporting proposals that would see the ban on coal seam gas drilling lifted, so long as landowners are given more of the royalties from subsequent gas production.
“In our opinion, this is a significant policy shift as the country seeks to avoid a looming gas shortage,” WH Ireland analyst Brendan Long said in a note.
“It is important to appreciate that the deputy PM is also agricultural minister and we therefore believe his thinking reflects that of Australia’s rural landowning community – the people who count.
“The general idea is to ensure that landholders benefit directly from gas production, which is an incentive that has proven very effective in the USA.”
Long added: “We believe this could pave the way for comparatively positive developments for shale gas developer in Australia, such as Falcon Oil & Gas.”
“The shares now are very overbought with the RSI at 89 out of 100 so a cooling off would be expected back towards the low 20s. The best case scenario target here over the next three to six months is as high as 45p.”|
|thecynical1Agreed...bit like life. Good luck and fingers crossed we get lucky.|
|Palwing....thanks for your "insight"....in case you hadn´t noticed, every oil and gas play is a gamble.........|
|Still a gamble. Still no time scales. The longer it drags on, the more power to the environmentalists. Time is money.It has to happen one day as Australia has a bit if an energy crisis. BUT when? Money in this share may migrate to more lucrative pickings until there's a promise of movement.|
|"Australian Deputy Prime Minister Flags Lifting Gas Drilling Bans."-E & P 11 hrs ago. 21 Mar 2017
"Australia*s Deputy Prime Minister said he would support lifting bans on coal seam gas [CGS] drilling if landowners were given a bigger slice of royalties, a SIGNIFICANT POLICY SHIFT as the country scrambles to avoid a looming energy crisis...could be a GAME CHANGER."|
|Falcon Oil & Gas RNS 22 Dec 2016: "Completion of Extended Production Test Amungee NW-1H."
Quote: " A Final Discovery Report is being prepared for submission to the DPIR in Q1, 2017.
"The extended production test.....together with the results obtained from the drilling program to date will be used in evaluating the CONTINGENT RESOURCE in the Beetaloo. We look forward to UPDATING the market in Q1, 2017."|
|"Why a gas reservation policy makes economic sense."-NT News, 9 hrs ago, 22 Mar 2017
"The language being used by Mr Gunner indicates if the Pepper inquiry into hydraulic fracking returns what most are expecting and the process can be completed safely then it will be heavily regulated in tightly controlled areas. Limiting onshore gas development to the Beetaloo Basin open the door for compensation..."
Please Google the title to read as it is a limited edition and I have used up my allocation.|
|Perhaps you should go to Specsavers.....no pump and dump...just profit taking on the way up !|
|Looking like yet another pump and dump to me.|
|Watching with great interest looking for entry pount was tempted early AM. Glad i held off.:)K|
|back in hope it consolidates some what or slowly move up.dont like those big jumps|
|No news may mean profit taking causing a retrace, encouraging more profit taking...causing a further retrace until herd mentality considers it a bargain worth gambling on.|
|"Updates to the market shall be provided as the evaluation of Beetaloo W-1 is completed and a steady gas flow rate is established on Amungee NW-1H. We will also provide further information on the moratorium as it becomes available."With no time scales announced.. this may drift sideways or lower IMO.However, if the moratorium is lifted...it could rocket. Sitting on the sidelines for now.GLA|
I have assumed AUD$ rather than US$. If it is US$ the numbers are 30% better i.e 86p per falcon share for undeveloped land|
|Have a look at this old Falcon presentation from Nov-15 and skip to page 21 - the value proposition. Admittedly, oil and gas prices have moved since then, although given the shortages in AUS i'm not sure if this is up or down.
FGO's net acreage in the Beetaloo is 1.4m. Their assessment of take out prices per acre for similar acreages for "undeveloped" land is $644 per acre. This equates to $901.6m or approximately £560m = 66p per share. Once the land is categorised as "appraised", the takeout price historically achieved rises to $4,009 per acre, nearly a 5 fold increase. There are many if's, but's and maybe's in this analysis but even if we err on the side of extreme caution, there is still a lot to play for. This is why I am invested.
|having a few is good.....having a quantity in 6 figures....makes it all the more interesting!!!!! ; )|