Falcon Oil & Gas Share Discussion Threads

[sophiegb] 14/9/2016 15:09

Proactive Investors is here:

[davidblack] 19/8/2016 14:06

Bought 65,000 this morning at 6.74p when it was well offered.

Get the feeling this one is moving up a little ahead of drill results next month?

Looks good with downside mitigated and upside leveraged?

Am I missing anything?

Oh who would be the buyer of the gas if it comes in?

[talk2dubya] 19/8/2016 13:18

Looking good here again ...

[itsriskythat] 12/8/2016 21:30

+30% in C$

[prettybullish] 12/8/2016 20:40

I guess they all have it wrong! Better pack the bags and forget about this gas stuff!

[talk2dubya] 12/8/2016 18:36

hxxp://oilprice.com/Latest-Energy-News/World-News/Pioneer-Boasts-2-Per-Barrel-Production-Costs.html

[talk2dubya] 12/8/2016 18:35

Good grief.

[lw425] 12/8/2016 17:58

yes but my point is will anyone want it?

the era of fracking gas has gone. the business model just doesn't work.

[loganair] 12/8/2016 17:32

LW425 - Take billions to develop - FOG have made it very clear once there are proven reserves they intend to sell out rather than develop.

[mr hangman] 12/8/2016 11:35

The market does not think it's a bit boggy

[prettybullish] 12/8/2016 11:26

thats a good reason to spend $50M+ on a drilling campaign and then walk away.....its a bit boggy!! Seriously!

[mr hangman] 12/8/2016 11:15

Agreed, Some people were saying that about Craven's other baby, Cove Energy

[talk2dubya] 12/8/2016 11:12

LW - yeah imagined if they had said about the North Sea - yes too watery, too deep, will never get it out the ground...

[prettybullish] 12/8/2016 11:01

Well I have DMOR but interested in your opinion to support £250m+ mkt cap (SOU)....I agree with the points raised...most of all plenty of cash on the FOG balance sheet....low cash burn.. not a lifestyle company as you see on AIM all the time....plus serious partners on board with clear timeline to drill.

Based on results to date it would seem to be somewhat derisked....key thing is whether fracking will be successful or not....the resource is there.

[mr hangman] 12/8/2016 10:53

Best if you move on somewhere else then

[lw425] 12/8/2016 10:48

at the end of the day personally i just cant see it ever being commercially developed.

in the middle of nowhere. ground flooded/boggy for several months a year

i just feel that in the end it will be deemed too risky and the partners will walk away

[irishlass2] 12/8/2016 10:46

Must be some news coming. Some large delayed buys and good volume.

[mr hangman] 12/8/2016 10:45

If there were no risks, this would already be taken out..

[lw425] 12/8/2016 10:40

Risks are:

1. Needs billions to develop.

2. Possible fracking ban.

3. Partners can walk away and not complete remaining drill program if don't like the result

[mr hangman] 12/8/2016 10:36

just have a look at the scale of the acarage & management team DYOR

[prettybullish] 12/8/2016 10:33

any comparables you can throw out to give us a sense why you think this will be the case? SOU has been a huge success story.

[mr hangman] 12/8/2016 10:29

This could blow SOU out the water..

[prettybullish] 12/8/2016 10:17

Has anybody seen any analysis on what a positive result from the drilling could mean for the share price? Looking at the valuation of companies like Sound Energy....could this be a multi-bagger if positive?