Falcon Oil & Gas Share Discussion Threads

[mhin2] 16/2/2017 14:55

rising fast in canada 25% up and rising

[mhin2] 16/2/2017 14:32

looking strong open on tsxv...finished .135 now sitting at .15/.15

[thecynical1] 16/2/2017 13:20

for starters.

[thecynical1] 16/2/2017 13:20

I guess the question is can it get above 12......

[s34icknote] 16/2/2017 12:17

Just get the feeling a buyer is in the back ground moping shares up.Any target prices ?Such a quiet board

[thecynical1] 15/2/2017 18:32

now.....if they'd just deal with the moratorium...........that would have him "walking on water"....... 😎

[hermana3] 15/2/2017 18:26

Phil walks on water indeed!

[thecynical1] 15/2/2017 16:51

interesting rise...long may it continue....

[dgarvey] 15/2/2017 10:10

A lot depends on how much is recoverable without fracking, considering the current ban. It depends on whether economic benefits outweigh the potential ecological damage and that's a political issue.

[loganair] 15/2/2017 08:49

By Ian Lyall: Falcon Oil says report by Australian partner points to huge gas potential of its Northern Territory licences - The numbers are mind boggling and follow the flow test of the Amungee well last year:


Citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet. Converting that to oil equivalent, it stacks up to 82bn barrels of the black sticky stuff.

Falcon Oil & Gas today provided a pointer as to what lies beneath the surface of its acreage in Northern Territory’s Beetaloo Basin.

Citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet (TCF).

Converting that to oil equivalent, it stacks up to 82bn barrels of the black sticky stuff.

Now, a few points to make here:

1. That figure is an approximation of what resides within the B-shale of the Middle Velkerri formation. That’s the formation put on extended test following the drilling of the Amungee well last year. Within the Middle Velkerri there’s also the A- and a C-shales – and the Kyalla, which, while untested, shows huge potential.

2. The report by Origin (which owns 35% of the Beetaloo acreage) sets a very conservative recovery rate of just 16%. Yet even using that figure you get a technically recoverable resource of 85TCF, or 25TCF net to Falcon, which owns around 30%.

3. The concentration is 31bn cubic feet per square-kilometre. Experts say the Velkerri-B geology is very similar to the commercially prolific Marcellus and Barnett shales of the US.

Okay, now forgive the pun, but drilling down Falcon has highlighted a passage from the Origin report that provides a higher confidence contingent resource estimate (our graphic shows how the classifications work).

This is focused on 1,968-square kilometres around the Amungee well, which is around 12% of the total acreage.

From a gas in place number of 61TCF, the gross contingent resource is 6.6TCF, or 1.94TCF net to Falcon.

“In any world that is still an uber discovery and is from a small piece of our acreage,” Falcon’s chief executive Philip O’Quigley told Proactive Investors.

“This is fantastic news and probably the biggest news for the company ever.”

Now before the bunting is rolled out and O’Quigley and the Falcon team are carried shoulder-high through the City of London, there is the small matter of a drilling moratorium in Northern Territory to consider.

An inquiry is currently taking place into hydraulic fracking.

The plan is to publish what’s called an issues paper by the end of the month followed by an interim read-out mid-year and a final report by the end of 2017.

However the scale of the Origin discovery is likely to crystalise the thinking of the lawmakers of Northern Territory.

Falcon brought in Origin and South Africa’s Sasol, which has 25%, as part of a shrewd deal that will see Falcon carried through US$200mln of drilling on the Beetaloo.

[shanig] 15/2/2017 08:40

Just the moratorium holding the excitement back. Patience is needed I guess.

[thecynical1] 15/2/2017 08:30

has everyone given up on this????

[thecynical1] 15/2/2017 07:34

should get interesting here today.....

[peter anthony] 12/10/2016 22:27

Philip commenting on today's announcement

hxxp://www.proactiveinvestors.com/companies/stocktube/6174/falcon-boss-beetaloo-shale-gas-discovery-terribly-exciting-6174.html

[itsriskythat] 22/9/2016 14:30

Gas flared from Amungee NW-1H



and there's also the audio of the interview with Ross Evans below the video of Amungee NW-1H.

One very interesting question about the moratorium about 1 min 35s from the end, and answered very clearly on the subject of future operations in the territory.

[zeberdie] 16/9/2016 14:26

See, my good Kama going to work for you lot :)

[zeberdie] 16/9/2016 14:21

I would love to get a bit of falcon but am tied up elsewhere. Even if I don't get in I would like to see this recover strongly, such a bloody waste.

[talkman2] 15/9/2016 18:13

So relieved I greatly reduced my holding over the last few months . Very obvious thus was going to happen . No matter how good the results it's currently completely hamstrung . How long for ? Nobody knows .

[oilbuy] 15/9/2016 10:47

Philip would give Obama a run for his money. He's a great orator.

[talkman2] 14/9/2016 19:19

Philip said investors had a worry - free next 12 months a short while back ! Ummm

[laptop15] 14/9/2016 19:07

Good time to buy or good time to sell? I was thinking good time to buy.....

[laptop15] 14/9/2016 18:03

Sopiegb.... Cheers for posting that link.Philip sounds very positive about the drilling campaign and it will be interesting to see the results after the research/analysis is complete!! I have a feeling the share price will rise considerably then :)) I'm sure good news is coming!!

[loganair] 14/9/2016 15:49

SP Angel - The Australian government takes the step of placing a moratorium on fracking, which effectively shifts the near term risk to the topsides. It appears to us as if with each change in government there is a new policy on exploitation of hydrocarbons, which unfortunately makes Australia an increasingly difficult place to justify a long term investment, which is a shame as the last government made significant strides in making the country investable again. Given the frequent and contra-indicatory movements in legislation, we are left with no choice but to put Australia back on invest ment risk outlook negative and revisit our associated risk premium for the country.

[loganair] 14/9/2016 15:43

By Malcolm Graham-Wood - Rather as expected, operationally things are going very well for Falcon (FOG) but politically sour.

News from the Beetaloo W-1 well is good, with gas bearing shale of 570 metres, proving the extension of the Velkerri formation.

With such good operational results, it is a shame to see another part of Australia looking like it might declare itself closed for business to the oil and gas industry after the Northern Territories PM announced a moratorium on fraccing.

Obviously FOG is carried and has cash in the balance sheet, but this - is if not unexpected - further bad news and will at the very least delay this unconventional play, for which I had so much hope.