Falcon Oil & Gas Share Discussion Threads

[loganair] 18/4/2024 20:05

I recall 18 months to 2 years ago Falcon CEO said they had sufficient funds to cover the test wells and for these test wells to sell the gas produced to provide a small income stream.

[hermana3] 18/4/2024 18:41

Market not one bit keen on de plaice! Nature of the beast when drilling with nil income...

[glavey] 18/4/2024 13:44

Plaice and chips for lunch! A little water in the wine.

[hermana3] 12/4/2024 18:59

AGM at The Conrad Hilton! When will we become rich like them Hiltons???

[hermana3] 10/4/2024 18:33

Volume on the tepid side today!!! Can one buy a single share???

[loganair] 05/4/2024 08:38

Running later then the company reported only some 18 months ago, when they said that the pilot wells would start producing salable test gas in 2024, now talking about first half 2026.

[hermana3] 05/4/2024 07:18

Here's hoping that target is met!!

[loganair] 04/4/2024 20:36

Falcon is funded to commence drilling of the initial two wells in the program and will evaluate opportunities to support funding the remaining capital commitments to reach first production, including issuance of equity and/or debt, evaluation of pre-payment for gas from the proposed pilot project and potential farm-down opportunities.



JV is targeting first gas in the first half of 2026, according to Falcon Oil.

[hermana3] 04/4/2024 20:26

Brent tipping over $90 today. This share still well under the radar as Beetaloo road to development is comparable to the Road to Damascus...

[hermana3] 26/3/2024 18:16

Logan, John Craven is an old man with Parkinsons now so may not be watching things here closely. Philip probably wants a salary for a bit longer so selling not an option for a while yet...

[loganair] 26/3/2024 13:05

Their were no offers for Falcon, what I'm saying is they would have been far better of to have put themselves up for sale at the same time the other small company sold out of the Beetaloo.

[shanig] 26/3/2024 12:23

It all looked so promising a month or so back. The wait goes on.

[hermana3] 26/3/2024 07:06

Good set of results at Shenendoah should calm the market. Never a dull moment here...

[hermana3] 25/3/2024 21:23

Not aware of any offers but our founder the legendary John Craven made a fortune for himself and all the holders when he put Cove up for sale a few years back.

[loganair] 25/3/2024 19:47

It seems to me, Falcon would have done far better a couple of year ago to have sold out completely for say 40p per share.

[hermana3] 25/3/2024 18:55

Tamboran will bring Beetaloo in but the timescale remains in the distance and we have less skin in the game.

[loganair] 25/3/2024 18:36

At one time had huge potential. A few years back analysts were saying Falcon Oil Beetaloo is worth 250p with the South African side of things 35p per share.

[hermana3] 25/3/2024 18:32

Oh,Well done on calling the market right. Philip and the BOD seem to have lost their nerve and why is the mystery to me.

[ohisay] 25/3/2024 09:10

Zombie stock for a couple of years IMV..not great news for LTH's .
Sold out this morning FWIW,

[hermana3] 25/3/2024 07:15

Not expected for sure. Market reaction hard to predict. Derisking is never a bad idea imho in this risky business..

[ohisay] 25/3/2024 02:49

POQ has some questions to answer ...especially after his last investor briefing just 3 weeks ago where he suggested they would be into the next few wells at their existing 22% shareholding *.

Looks to me like the White Flag /long term For Sale sign has gone up early.
Full Risk Off in the so called shale sweet spot .
Very odd unless of course they cant get the funding away.
Market wont like it for sure.

* 19 mins in in the last Investor Meet briefing

[hermana3] 12/3/2024 20:54

A long term project for sure. Just as well we have a good committed partner in
Tamboran and its flamboyant CEO.

[hydrogen1] 12/3/2024 17:49

Must watch chat from two Australian fund managers about the East Coast gas/energy market. TBN gets a mention. Still a long way to go but it has been "noticed" ... 1.05.01 mins in $15 and more gas coming and supply constraints a big issue https://youtu.be/EvD9maMqUOE?si=tR3kpym84UUMZTcc

[hermana3] 07/3/2024 22:16

Could certainly use some income here.