Falcon Oil & Gas Share Discussion Threads

[sleveen] 27/10/2015 10:07

Drilling this week , however the stimulstion will be completed in May-June 2016 in the dry season for commercial testing proper.

[proactivest] 26/10/2015 15:46

And here is that interview :



Philip O’Quigley, chief executive of Falcon Oil & Gas (LON:FOG CVE:FO), says industry players are beginning to take note of the commercial potential of the Beetaloo acreage in Australia.

It comes as Falcon told investors last week that Amungee NW-1, its second Australian shale well, has encountered some 500 metres of gross pay in Velkerri shale intervals, with 150 metres of net pay.

Partners Origin and Sasol have decided to bring forward horizontal drilling, previously planned for late 2016, which will now take place in the coming weeks.

Falcon’s focus is to monetise assets by selling at a significant premium to acquired cost. O’Quigley says there is a possibility that Falcon will offload its stake 30% stake in the Beetaloo venture earlier than planned.

But the AIM junior under no pressure to do so given that it has no debt and is carried on a nine well programme through until 2018. “Ultimately we are sellers, but not at any price," says the CEO.

[davethechef] 26/10/2015 15:35

CEO Interview, dated today from proactiveonvestors.
[...]

Drilling this week!
Promising future

[cottoner] 24/10/2015 00:30

Expect more news next week.

From latest recent RNS:

'Following the encouraging results of the first two wells, the Beetaloo JV partners have confidently decided to bring forward the drilling of the first horizontal well in the Beetaloo Basin, originally planned for the end of
2016, into October-November 2015.'

and

"We remain fully carried with the drilling of the horizontal well due to commence imminently, 12 months ahead of schedule,'

[themadstork] 23/10/2015 12:59

Disagree. Think the big move has started already and will be in *anticipation* of the horizontal well. Targeting 10p pre results.

[sleveen] 23/10/2015 12:46

I think the big move up will be confirmation via the horizontal well.

[davethechef] 23/10/2015 11:31

Bought in, a couple of purchases today; looking promising and very much under the radar; for now!

[trulyscrumptious] 23/10/2015 09:24

hxxp://www.shareprophets.com/views/15956/zak-mir-s-bulletin-board-heroes-ahua-clean-energy-african-potash-ceb-resources-falcon-oil-gas-trinity-exploration-uk-oil-gas

[tens machine] 22/10/2015 17:34

Also bought in earlier today , excellent well written RNS ..

[bones30] 22/10/2015 15:41

I thought the main danger here was partner drag. But they seem to be doing the opposite!

[goodgrief] 22/10/2015 15:34

Good luck and good fortune shareholders. I thought P o'Q presented very well when I last saw him at a Proactive Investors event.

[bones30] 22/10/2015 15:32

I think 10p is doable here really. You just have to consider what all that drilling they are carried for is worth.

.... and then today's news about accelerating the work programme.

These dual listed shares, I find they sometimes need Toronto to come online before they can really get going.

[sleveen] 22/10/2015 15:26

FOG: no8 in the % gainers board @ +21%.

[trulyscrumptious] 22/10/2015 15:22

I couldn't get mine online as it was over the limit of 35000 or whatever the market size is so I had to pay 6.70 but I will hang on to them for a while now so not worried about the share price for now.
I always seem to do well on the shares I buy when they are quite low and hold until things really get going.

[bones30] 22/10/2015 15:09

Shares changing hands at ~6.9p in Toronto

[trulyscrumptious] 22/10/2015 14:29

Aaarrrhhh... I had to have some, haha! Not showing though.

[bones30] 22/10/2015 13:56

Malcy seems happy with it.

[mr hangman] 22/10/2015 12:22

Looks like people are starting to catch on

[bones30] 22/10/2015 10:02

SPAngel:

• Falcon Oil and Gas (LON:FOG) – Solid First Step: We believe investors will be pleased with the results to date and think of other success stories such as Cove Energy, but this must tempered with caution as there is a long way to go before commerciality is declared, and it isn't as simple and straightforward as conventional reservoir development. That said, that the programme has been accelerated is promising.

www.proactiveinvestors.co.uk/columns/sp-angel/23424/sp-angel-morning-oil-gas-falcon-oil-gas-sound-energy-and-union-jack-oil-23424.html

[mr hangman] 22/10/2015 09:09

There is massive long term value packed in here for the patient

[sleveen] 22/10/2015 09:07

Bought in this am on what seems to be good news, been watching for a few months.

One or two small oilers have started to re-focus on their gas production as oil price has fallen.

[mr hangman] 22/10/2015 07:57

Fantastic news, with such a great management team here (ex Cove), I'm amazed the
price has been allowed to drop so low

[talkman2] 22/10/2015 07:45

Fantastic news . Drilling results so good that they have brought the horizontal drilling forward 12 months ! His is now a screaming buy at these very depressed levels.