Falcon Oil & Gas Share Discussion Threads

[prettybullish] 12/8/2016 11:26

thats a good reason to spend $50M+ on a drilling campaign and then walk away.....its a bit boggy!! Seriously!

[mr hangman] 12/8/2016 11:15

Agreed, Some people were saying that about Craven's other baby, Cove Energy

[talk2dubya] 12/8/2016 11:12

LW - yeah imagined if they had said about the North Sea - yes too watery, too deep, will never get it out the ground...

[prettybullish] 12/8/2016 11:01

Well I have DMOR but interested in your opinion to support £250m+ mkt cap (SOU)....I agree with the points raised...most of all plenty of cash on the FOG balance sheet....low cash burn.. not a lifestyle company as you see on AIM all the time....plus serious partners on board with clear timeline to drill.

Based on results to date it would seem to be somewhat derisked....key thing is whether fracking will be successful or not....the resource is there.

[mr hangman] 12/8/2016 10:53

Best if you move on somewhere else then

[lw425] 12/8/2016 10:48

at the end of the day personally i just cant see it ever being commercially developed.

in the middle of nowhere. ground flooded/boggy for several months a year

i just feel that in the end it will be deemed too risky and the partners will walk away

[irishlass2] 12/8/2016 10:46

Must be some news coming. Some large delayed buys and good volume.

[mr hangman] 12/8/2016 10:45

If there were no risks, this would already be taken out..

[lw425] 12/8/2016 10:40

Risks are:

1. Needs billions to develop.

2. Possible fracking ban.

3. Partners can walk away and not complete remaining drill program if don't like the result

[mr hangman] 12/8/2016 10:36

just have a look at the scale of the acarage & management team DYOR

[prettybullish] 12/8/2016 10:33

any comparables you can throw out to give us a sense why you think this will be the case? SOU has been a huge success story.

[mr hangman] 12/8/2016 10:29

This could blow SOU out the water..

[prettybullish] 12/8/2016 10:17

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?

[family values] 12/8/2016 08:53

Nice bit of blue this morning

[prettybullish] 11/8/2016 18:02

Interesting price action this afternoon.....volume and price spike after a couple of weeks of downward pressure on price....lets hope it is indicative of some good news on the way soon!

[mr hangman] 11/8/2016 14:40

1st results next week ?

[talk2dubya] 08/8/2016 09:59

RNS states they will start before elections, even then there is a significant period of time before any legislation could be enacted for a moratorium. Hopefully the commerciality will be proved by that point, labour would not be able to ignore the value (eagle ford etc) this would bring to the economy. I have added, these guys are way ahead of 88e and have a MC which is about a third less...

[prettybullish] 26/7/2016 08:50

I think they will be able to frack at least initially.....by the time the election is held, validated, the new government in place and then the legislation proposed for any moratorium it will be at least a couple of months. In the meantime the ongoing drilling will be completed and hopefully fracked to establish potential. FOG fully carried, plenty of cash underpinning share price and low cash burn....pressure is on bigger partners due to time commitments to carry out drilling.

[squiresquire] 25/7/2016 18:12

Not much chance theyare gong to be allowed to frack.....Labour have the elections by the look of it. Its not on a knife-edge, the alternative main party are hated in NT due to past policies against the mainly indigenous voters in this area.


The issue of hydraulic fracturing to access reserves of shale gas is shaping up to be a defining election issue in the territory. Labor has promised a moratorium should it win office. The government said that promise had hit investor confidence and blamed it for companies cutting back on projects and jobs.

Several Australian jurisdictions have put a halt on fracking but a report by Allan Hawke last year said the practice could be done safely in the NT if the regulatory framework was tightened.

[trulyscrumptious] 21/7/2016 08:23

Could be a much lower entry point at this rate.

[laptop15] 16/7/2016 19:47

The 4th quarter is were this share will spring to life and i would imagine that the entry level will be around 8-9p then with potential to rise in the high teens! The charts show plenty on the upside and literary nothing on the downside so not too much to worry about here :))

[compoundup] 16/7/2016 18:01

I too am holding off buying. For all the positives, what is the cost of getting to market going to be? Beetaloo seems to be a long way from nowhere. This is not quite like PANR in East Texas where pipelines are abundant.

[drjenner01] 14/7/2016 11:55

mr hangman, thanks but I was referring to the Northern Territory election which is in August. The Labour party has said they will place a moratorium on fracking if they are elected. Last thing I read they were leading. I'm not trying to spread rumours so if anyone knows what is going on I would be interested to hear.

[mr hangman] 13/7/2016 13:04

The Election was on 2nd July, looks like a Liberal–National Coalition, just..