Share Name Share Symbol Market Type Share ISIN Share Description
Falcon Oil 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
  +0.00p +0.00% 4.875p 4.75p 5.00p 4.875p 4.875p 4.875p 80,000.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.1 0.0 - 44.92

Falcon Oil (FOG) Latest News

More Falcon Oil News
Falcon Oil Takeover Rumours

Falcon Oil (FOG) Share Charts

1 Year Falcon Oil Chart

1 Year Falcon Oil Chart

1 Month Falcon Oil Chart

1 Month Falcon Oil Chart

Intraday Falcon Oil Chart

Intraday Falcon Oil Chart

Falcon Oil (FOG) Discussions and Chat

Falcon Oil (FOG) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Falcon Oil trades in real-time

Falcon Oil (FOG) Top Chat Posts

DateSubject
03/12/2016
08:20
Falcon Oil Daily Update: Falcon Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FOG. The last closing price for Falcon Oil was 4.88p.
Falcon Oil has a 4 week average price of 4.91p and a 12 week average price of 4.84p.
The 1 year high share price is 9.13p while the 1 year low share price is currently 3.63p.
There are currently 921,537,517 shares in issue and the average daily traded volume is 182,428 shares. The market capitalisation of Falcon Oil is £44,924,953.95.
12/8/2016
09:17
prettybullish: 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?
04/3/2016
09:49
loganair: Falcon Oil & Gas - Reward Outweighs Current Risk: Summary: Excellent gas shows in the Beetaloo have resulted in an acceleration of the drilling program. Falcon has over $10 million in the bank and no debt. It is being fully carried across the nine-well drilling program. If the asset is commercially viable, it lines up with similar shale plays in the US such as the Barnett and the Bakken. 2016 should end up being a defining year for Falcon and particularly its Beetaloo basin asset. Shareholders will do extremely well if the asset is commercially viable because the resources and acreage compare very well with the US shale assets such as the Bakken and the Barnett. Once we get fracking and testing wells out of the way (which should happen in 2016), we will know for sure what type of an asset we are dealing with here. Falcon's objective is to sell the asset. It does not want to take this asset into production, which would indicate why there could be a substantial move in the share price if a sale does indeed take place in the next 12 to 24 months. At the moment, the stock is trading at $0.08 a share, which gives the company a market cap of $68 million (never been lower). It presently has over $10 million in the bank and is being fully carried across the nine-well drilling program in Australia. Now here is how it differentiates from producing companies, which minimizes the risk in my opinion, especially when you consider where the share price is at the moment. 1. The company has no debt. It doesn't need to go into debt to keep its capex budgets elevated or return cash to shareholders. Asset evaluation has all been done currently off the back of its partners. 2. Falcon has no production. All upstream companies or integrated companies with upstream divisions are hemorrhaging cash at the moment. Falcon doesn't have this problem. 3. No funding requirements mean the company won't have to dilute the float for the foreseeable future, which is crucial for penny stock investors. Furthermore, with respect to the Beetaloo basin and its 4.6 million acres, the recoverable resources are actually bigger than some of the major shale plays in the US. Studies have shown that there is a 21 billion barrel oil equivalent potential and 162 "TCFG" (trillion cubic feet of gas). Nevertheless, getting all this energy above ground in a commercial way is another task in itself. Producing unconventional plays normally have 4% to 5% total organic carbon (TOC) (Beetaloo has 4%). Average shale thickness also is a predetermined requisite where usually 30 meters is the minimum for unconventional plays. Well, the Beetaloo passes initial results here once again with ample thickness throughout the asset. Over the last 24 months this stock has more or less followed oil down since the summer of 2014 with the exception of a spike in the share price last May that didn't materialize into anything. The reward definitely outweighs the risk here in my opinion.
02/3/2016
14:43
themadstork: 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.
27/2/2016
10:27
heaven above: 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
11/2/2016
12:50
heaven above: 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.
02/12/2015
20:05
loganair: Time To Swoop? By Harvey Jones Last time I looked at Falcon Oil & Gas (LSE: FOG) I thought it was more promising than most oil explorers after its recent drilling success in the Beetaloo Basin, Australia. Its nine-well programme runs until 2018 and last week it reported encouraging preliminary results from the drilling of the first three Australian wells, which indicated “favourable shale properties with excellent gas shows indicating the likelihood of high levels of gas saturations”. Falcon is debt-free, with $9.8m in cash. Chief executive Philip O’Quigley has also highlighted the company’s “strong cash position, fully funded drilling programme and high quality assets”, which bodes well for 2016. The oil industry may be in a fog, but Falcon’s future is clearer than most. That said, the share price is down 32% in the last six months, so plenty of risks remain.
16/11/2015
20:08
loganair: Falcon Oil & Gas (LSE: FOG) looks more promising than most oil explorers following its recent drilling success in the Beetaloo Basin, Australia, where it retains a 30% stake with co-venture partners Origin and Sasol. With no debt and a nine-well programme running until 2018, this looks safer than many in the sector, and an OPEC-fuelled leap in the oil price could lead to a spike in its share price as investor confidence returns. Less risky than most, but still risky.
16/11/2015
16:00
arc en ciel: 100,000 buy at around 4pm today kicked the price up almost 10%. Probably a local buyer-Aussies are sound asleep at this time. The share price and market cap are still far too low; sole rights over millions of acres containing monster resources; partners/funders paying all the drilling costs for years to come and ready to help with development funding and off-taking too. What's not to like? Only the oil price and by the time Falcon's Beetaloo fields start producing this will be higher than it is now.
31/10/2015
22:58
loganair: By Jack Dingwall: Many oil companies offer good value at the moment, and for many investors now is the time to buy. However, not all of the companies will spring back if the oil price rises. High levels of debt, operating in expensive regions and lack of drilling are three factors that I believe will hold back stock prices. Last week’s news from Falcon Oil & Gas was brilliant for the company. Falcon announced that partners had drilled another successful well in the Beetaloo Basin, Australia. On the back of another successful well, the shares rose up more than 30%; following this, the third well of the campaign is being brought forward by 12 months (Falcon is in the middle of a nine-well campaign over three years). The company has no expenditure and lots of exposure to drilling and, due to this, is one of my top picks in the sector. Recently the shares have been trading at 52-week lows, but any more success in the drilling campaign should cause the shares to re-rate. Investing in the oil & gas sector is risky at the moment but the reward is huge. In the case of Falcon Oil & Gas, I think it offers one of the best investment cases in the sector. The company has no large capital expenditure for years, and has exposure to the high-impact drilling campaign of which the first two of nine wells have been successful. Even after the share price rose last week on the back of good well results, I believe Falcon is a good bet for the future and should outperform.
31/10/2015
22:55
loganair: Falcon Swoops Falcon Oil & Gas has shown forward momentum lately, its share price defying wider market worries to rise 8% in the last month. Smaller oil explorers are mostly hurting in an era of cheap oil, but Falcon is flying on recent drilling success in the Beetaloo Basin, Australia, where it retains a 30% stake with co-venture partners Origin and Sasol. Better still, Falcon is fully carried for all 2015 drilling and evaluation costs. Further success could drive the price higher, and Falcon has decided to start horizontal drilling at the site in the coming weeks, a year sooner than planned. With six more projects across Hungary and South Africa, investors have plenty to pin their hopes on. Falcon looks attractive with no debt and a nine-well programme running until 2018. Better still, at 7.25p it is still trading well below its year-high of 10.75p. It may look like a rare point of light in a dark and troubled sector, but it remains risky. Last summer Charles Stanley called Falcon a buy with a target price of 19.7p. Ouch.
Falcon Oil share price data is direct from the London Stock Exchange
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20161204 08:09:17