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FOG Falcon Oil & Gas Ltd.

7.15
-0.10 (-1.38%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Falcon Oil & Gas Ltd. LSE:FOG London Ordinary Share CA3060711015 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -1.38% 7.15 7.10 7.20 7.25 7.10 7.25 178,386 10:23:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -3.99M -0.0038 -34.21 135.77M
Falcon Oil & Gas Ltd. is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker FOG. The last closing price for Falcon Oil & Gas was 7.25p. Over the last year, Falcon Oil & Gas shares have traded in a share price range of 6.05p to 13.45p.

Falcon Oil & Gas currently has 1,044,347,425 shares in issue. The market capitalisation of Falcon Oil & Gas is £135.77 million. Falcon Oil & Gas has a price to earnings ratio (PE ratio) of -34.21.

Falcon Oil & Gas Share Discussion Threads

Showing 1651 to 1673 of 5225 messages
Chat Pages: Latest  77  76  75  74  73  72  71  70  69  68  67  66  Older
DateSubjectAuthorDiscuss
02/3/2016
14:44
you also now have political risk mid/late summer. see LSE forum for reports

change of party means change of policy at local level

in that instance FOG shares may be worth very little

so that's a lot of risk if you ask me?

yes, it's ok to change your mind based on changing outlook. that's how you avoid losing your money in the markets. feel free to hold though.

i didn't consider how much the price of gas has fallen since the JV agreement.

i didn't know about the political risk

neither did i appreciate the JV can walk away at the end of the year

RISKY

heaven above
02/3/2016
14:43
There will be a rise nonetheless as people anticipate activity after 6 months of quiet.

Also, you seem to have changed your mind re FOG rather quickly:


heaven above - 11 Feb 2016 - 12:50:43 - 384 of 403
Current share price is odd. Surely some big players/ VC's will be looking at Falcon at the moment?

Offer at 10p would give the buyer.

The Beetaloo/Karoo net acreage of 3.2m acres at about US$50 an acre.

A$143M free carry on Beetaloo drilling until 2018

10M in cash.

80m in seismic data already invested.

Near term 2016 value creation, new drills, multi stage fracking.

Origin and Sasol as major committed partners.

Medium term upside in South Africa Karoo Basin with 1.9m acres net to Falcon.

The free carry drilling on the Beetaloo alone is worth 7p a share for anyone in the industry interested. So essentially a buyer now gets a free punt on 1.3m acres at $50 an acre multiplying by a factor of blue sky 20 or 100 times.

Recoverable estimates are for 21 BBO and 162 TCGF in Falcon's Beetaloo acreage.

If I were a VC/mid cap/major player I'd be looking at Falcon now.

themadstork
02/3/2016
14:39
they have no choice. this year is drill or pay.

but the bulk of the future spend in 2017 and 2018 is optional. they can walk away

it's just not economic to spend billions on development

heaven above
02/3/2016
13:02
But also confirmation that Origin are going ahead with the drill program. This will rise in anticipation, same as it did last year.
themadstork
02/3/2016
12:58
decent FOG chat over on the LSE thread.

seems one of the operators on some blocks close to Falcon's have abandoned operations for the forseeable due to low oil price and new local political uncertainty

heads up on that anyhow

heaven above
27/2/2016
15:26
Am not sure where these guys are coming from but this is much more readable and sounds much more balanced and objective

hxxp://www.shalegas.international/2016/01/12/is-beetaloo-basin-australias-answer-to-u-s-shale-boom/

peter anthony
27/2/2016
10:27
people will always need oil before they need gas

it only takes a slight warming to put people off using gas as heating

i've not had my heating on all year in the uk and not felt cold

i dont think fracking a bit of gas later this year and burning it off will help the share price. the field needs billions spent on it to commericalise it

2015 acerage deals near the beetaloo were less than $15 an acre, the jv partners paid about $56 a acre when the oil price was $100

now i bet any deal per acre would be less than $10

that would value falcons net acerage in aust at about 7m, less than 1p a share with billion of dollars needed to commercialize it

my target here is 0.5p

heaven above
26/2/2016
08:49
Of direct relevance to FOG: article on the Pacific Rim LNG market:
sleveen
25/2/2016
18:15
Try this assessment. It relates to the US but applies worldwide, forecasting a natural gas supply deficit as early as Autumn 2016:
arc en ciel
25/2/2016
16:46
Wonder why the JV partners have brought drilling forward a year..?
mr hangman
25/2/2016
16:38
we won't know if it can be produced commercially until production test which is at least 6 months away

the problem is that at current oil/gas prices the development costs would make the project run at a loss

the cold truth is that the Beetaloo might not be commercial ever again

it needs billions and billion of dollars to develop asset. farmout was sorted when oil was near $100

i wonder if it were now whether the JV partners would even take the risk?

it's like builder buying land, building estates knowing that the buyers will pay them much less than they've spent

heaven above
25/2/2016
16:27
That assumes FOG have discovered commercial rates of gas production.

Hopefully the petrophysics etc news should be with us soon.

sleveen
25/2/2016
16:04
natural gas price at 16 year low now

thought: if global warming continues together with renewables..... can gas price recover?

if not then the Beetaloo will never get the billions it needs to develop commercially

heaven above
23/2/2016
17:01
Almost 2m shares traded today contrast with the past 2 weeks where that has been no trading at all...good news soon, perhaps tomorrow?
sleveen
23/2/2016
14:11
The line at 5.07p appears to be now clear, seller all done?.....GL S
swizz
18/2/2016
09:34
Can now buy at 5.07p.
sleveen
15/2/2016
12:25
Right on Mr.Hangman!
javea
11/2/2016
16:34
Heaven, don't shout it to loud, just fill your boots !!
mr hangman
11/2/2016
12:50
Current share price is odd. Surely some big players/ VC's will be looking at Falcon at the moment?

Offer at 10p would give the buyer.

The Beetaloo/Karoo net acreage of 3.2m acres at about US$50 an acre.

A$143M free carry on Beetaloo drilling until 2018

10M in cash.

80m in seismic data already invested.

Near term 2016 value creation, new drills, multi stage fracking.

Origin and Sasol as major committed partners.

Medium term upside in South Africa Karoo Basin with 1.9m acres net to Falcon.

The free carry drilling on the Beetaloo alone is worth 7p a share for anyone in the industry interested. So essentially a buyer now gets a free punt on 1.3m acres at $50 an acre multiplying by a factor of blue sky 20 or 100 times.

Recoverable estimates are for 21 BBO and 162 TCGF in Falcon's Beetaloo acreage.

If I were a VC/mid cap/major player I'd be looking at Falcon now.

heaven above
10/2/2016
21:40
Falcon May Fly:

Falcon Oil & Gas is down 26% over six months but in November I said it was more promising than most oil explorers and it still looks that way today. I was encouraged by its drilling success in the Beetaloo Basin, Australia, with positive early results from its nine-well programme indicating favourable shale properties and excellent gas shows. Falcon is also debt-free, with $9.8m in cash. Experienced partners Origin and Sasol supply much-needed expertise in unconventional shale and gas to liquids

High-quality assets and a fully funded drilling programme do not guarantee success in today’s world, especially with analysts warning that natural gas is next to collapse. Falcon management is also being frugal, with expenses falling by 41% in the nine months to September 30, at US$1.8m. Broker FinnCap just named it a buy with a target price of 23p, which suggests a potential upside of 460% on today’s 5p.

Falcon looks tempting for those for those who are bullish on the oil price recovery, especially since it seems equipped to survive if the price stays lower for longer. There is a strong bull case to be made, but only for speculative investors.

loganair
29/1/2016
07:59
POO going great guns this morning.

Oil stocks should do well going forward, assuming POO continues to slowly improve over the medium term.

sleveen
27/1/2016
15:26
These are holding well considering-maybe because they are dirt cheap!
Cant resist

javea
22/1/2016
15:13
Bought 40k shares today.

Can't beat the January sales :-)

A bit more buying should see a ping upwards.

GLA.

sleveen
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