Falcon Oil & Gas Share Discussion Threads

[ghostofahangman] 09/5/2014 09:31

Yes i totaly agree

[bill182] 09/5/2014 09:19

It might take a few months, but at this price, you can expect an excellent return on your money.

[chicken charlie] 09/5/2014 09:05

Tipped in Shares as dirt cheap.

[bill182] 08/5/2014 14:03

Buyers now returning. Should hopefully now start to climb back to at least the last placing price of 14.00p

[bill182] 07/5/2014 12:04

Surprised to see the share price falling back to the current level given the 'transformational deal' announcement.

I agree it will probably take a while for the importance of the deal to sink in. Meanwhile, I don't mind adding at 9.07p.

[lw425] 04/5/2014 16:04

I think the implications of the transformational deal will sink in during the new working week. A free carry of 9 well drills from two Oil Majors targeting 12 billion barrels of recoverable oil is incredible. Key word is recoverable. Price was 14p to 16p pre Hess deal at end June. This deal is much better with 9 wells not five and four horizontal wells not the one under the old deal. The total value of the free carry of A$200 is worth £109 Sterling or 12p a share, so this should be trading 15p as a minimum as prospects for investors are now derisked. The 11m sterling cash receivable by FOG also surely removes any dilution concerns completely. The company is debt free. Can't see why FOG shouldn't be trading 15p, 20p as the also have Hungary and South Africa. The total size of all three plays is apparently two thirds the size of Ireland & that is huge.

[bageo] 04/5/2014 15:44

What must be frustrating to the company is that in Canada the price isn't that much higher than it was before the drop last week on rumours of no or a delayed deal. Yet the value of the new deal is good and far in excess of the Hess deal.

Hungary - currently free carried
Australia - free carried for approx 2-3 years and carried upto a cap for 5 years.
South Africa - likely deal with research partner Chevron but noting this is also Sasols backyard.

[thecynical1] 04/5/2014 11:52

thanks. will e interesting to see what happens when the punters eealise.

[bageo] 04/5/2014 07:43

Google news finds a few:

Proactive Investors Australia
Falcon Oil and Gas in bullish mood after farm-out deal
Proactive Investors UK-2 May 2014
Having two partners is better than one, Philip O'Quigley tells Proactive Investors, after Falcon Oil & Gas agreed a farm-out deal for its Beetaloo ...
Falcon Oil & Gas's Australian farm-out talks 'well advanced'
Proactive Investors USA & Canada-1 May 2014
SMALL CAP SHARE IDEAS: Falcon Oil & Gas agrees ...
This is Money-2 May 2014
Falcon Oil & Gas Ltd.: Transformational Farm-Out of Beetaloo ...
SYS-CON Media (press release)-1 May 2014
Falcon's Beetaloo Farm Out 'Worth Waiting For'
Seeking Alpha-2 May 2014
Explore in depth (39 more articles)

[thecynical1] 03/5/2014 20:22

funny that their PR seems to be asleep........they announce a fairly remarkable deal....and how many hits does Mr Google find..............? very strange imo.

[tom111] 03/5/2014 09:52

Two major companies involved here,must know their on a sure thing,surely the share price should be higher than this.Silly question but why don't they just buy out FOG

[lw425] 03/5/2014 09:42

says in the presentation there are a possible 12b barrels recoverable and fog get 30% of that. if you divide market cap by 3.6b barrels it means that each barrel is valued at about 2.7p. so the potential upside is many thousands of percent with all drill costs paid. that does not include hungary or south africa. the total acerage is apparently two thirds the size of Ireland. any one got a time machine?

[father_paul] 03/5/2014 09:21

I read yesterday's RNS with the 29th April Final results.

Unconventional gas and oil prospects on Australia Betaloo 162tcfg and 21bbo gross and now a farm out with new partners Origin and Sasol.

The nine well programme at Beetaloo is now fully funded, as well as A$20m cash on completion of the deal, which nicely allows them to escape the "Emphasis of Matter" on the accounts. Now with $25.0m working capital less the 2014 admin costs, and with no debt.

[bill182] 02/5/2014 15:29

4.6m shares traded today in UK so far. Canada is the bigger market for share trades so would expect to see this go higher in the next few trading days as the details of the deal sinks in.

[bill182] 02/5/2014 15:26

Now 0.20 CAD in Canada and 3.6m shares traded in one hour.

[olivert] 02/5/2014 15:06

Good start

canadian market now 0.19 / 1.6 = 11.88p

[bill182] 02/5/2014 14:16

Correction - 16.8 times the daily volume so far today in the UK

[bill182] 02/5/2014 14:09

From the company's website:


Toronto
"FO.V" (CAD) 0.160
Avg Daily Vol (3mth):532071
Market Cap:CAD 147.4M
Previous Close:CAD 0.155
More info...
London
"FOG.L" (STG) 0.112
Avg Daily Vol (3mth):220133
Market Cap:STG N/A
Previous Close:STG 8.625
More info...
Dublin
"FAC.IR" (EUR) 0.1
Avg Daily Vol (3mth):86171
Market Cap:EUR N/A
Previous Close:EUR 0.10
More info...

Looking at the av daily volume figures, with a 10 fold+ increase in the UK today, a similar move in Toronto could put some further fireworks into the share price.

[bill182] 02/5/2014 14:04

The market in Toronto opens at 14.30 UK time. Let's see what happens then.

[wizard2020] 02/5/2014 11:11

Not sure what is going on here as all that has happened is that they are back to early Nov levels. The partners have come in on the back of the Hess seismology studies and I don't think they would pay out A$20m plus commit to a further A$160m of drilling cost without good reason in a politically stable regime and, as Phillip says in the video, this ignores the other assets. It has to be worth more than this

[bill182] 02/5/2014 10:46

well worth listening to the Proactive Investors video interview

[bill182] 02/5/2014 10:11

I too am scratching my head with this one at the moment. Have not been invested here previously, but picked up the RNS this morning and have been researching the company since then. I cannot see any downside given the deal that has been done and the partners involved.

I bought this morning with the intention of selling on the spike, but have decided to keep the shares as I believe the company is now materially undervalued and will correct over the coming weeks and months.

[thecynical1] 02/5/2014 09:48

very odd market reaction imo. They have put a deal in place which effectively doubles their cash in hand and gets them a free carry on at least A$165 million (nearly equivalent to their market cap ) worth of development costs in an area that has the potential to be an extremely interesting basin....while retaining a nice percentage interest...which can be farmed down again at a later stage.........and the market reacts like this? Am I missing something? apart from the fact that the timeframes are relatively long ( nothing unusual there ), what isnthe problem here? They are basically funded to go off and develop their other projects and only a couple of million shares change hands?...odd imo. Wonder what the Sunday papers will say about this.....thoughts anyone?

[steffyloveshares] 02/5/2014 09:01

video interview
Falcon Oil and Gas in bullish mood after farm-out deal

Having two partners is better than one, Philip O'Quigley tells Proactive Investors, after Falcon Oil & Gas agreed a farm-out deal for its Beetaloo shale permit in Australia with Origin Energy Resources and Sasol. Each brings something to the table, the Falcon chief executive explains, with Origin bringing operational credibility and Sasol providing plenty of experience of unconventional energy assets. All parties want to get out and start drilling as soon as possible, and if all the pieces fall into place the plan is to do so in 2014.

[falia] 02/5/2014 08:53

PAYING ABOVE OFFER NOW