Falcon Oil & Gas Share Discussion Threads

[arc en ciel] 04/5/2017 10:53

Cannot justify the sub cost of a seemingly Australian-only publication for just one article.

Summary, please, Mirabeau

[mirabeau] 04/5/2017 06:45

Been adding shares here and there but today's news is very welcome. Vowles approval of licence is welcome news

[arc en ciel] 03/5/2017 09:34

Not so cynical, then.

I looked it up and I first bought in October 2015-so have held for 1.5 years so far.

Up 329% in that time. Lots more to go for.....

[thecynical1] 02/5/2017 12:48

arc en ciel...was just checking....I have looked in here a couple of times over the last few weeks and didn´t see any new posts....I am also holding. I have been here so long, I may as well wait for another while!!! ; )

Would be nice to see some progress in SA but I suspect the political climate there is not going to help for the moment. News from Oz should imo be next catalyst. Let´s hope that the politicians in NT get real. If they do, this should really start to motor imo. Guess we´ll all have to wait and see.

[arc en ciel] 02/5/2017 12:41

Sold up?? Moved on?? You must indeed be cynical. Personally I will hold the shares for years. My time horizon is at least 3 years.

I would hate to sell and then see the price rocket like a firework to ££s as it could so easily due to any number of potential touchpapers being lit.

As just one example, all the current interest is concentrated on the Beetaloo, and rightly so. But how about the Karoo potential? South Africa would swoon if a Falcon JV could uncover another world-class shale belt in the country.

[thecynical1] 02/5/2017 09:55

has everyone sold up and moved on? Nice bit of action in Canada seems to have helped things here this morning. Now.....can it break through the 30p mark......?

[loganair] 03/4/2017 10:55

If or more likely when the moratorium on fracking by the NT Government is lifted I can see Falccn´s share price suddenly doubling from where it sits now.

[targatarga] 03/4/2017 10:52

feels like these could keep rising week on week!

[thecynical1] 03/4/2017 08:16

interesting..

[xtrmntr] 24/3/2017 20:20

Thanks folks.

[mirabeau] 24/3/2017 18:49

xtr

It's simply the software making an incorrect judgement. The system makes a 'guess' as to the trade price relating it back to the mid price giving a buy or sell judgement..sometimes they are correct and sometimes they are not..

It's a guess like everything in the market!

[xtrmntr] 24/3/2017 18:45

Daft question but why would a buy show up as a sell?

[tom111] 24/3/2017 15:42

nice reverse trend,bodes well,all very positive

[targatarga] 24/3/2017 15:31

did buy another 40k. should show up later as a sell me thinks!

[targatarga] 24/3/2017 15:26

Seems like falcon is a friday afternoon stock!

[loganair] 22/3/2017 09:26

By Jamie Ashcroft:

Exciting is building for investors in Falcon Oil & Gas with the shares jumping some 50% this week.

The market is seemingly giving the explorer more credit for its potentially huge shale project in Australia’s Northern Territory, with the shares rising to 25.6p from 18p in recent days.

In February, it was declared that the group’s acreage (some 16,000-square kms) contained a ‘best’ estimate of 496 trillion cubic feet (TCF) of gas. That world class resource equates to a massive 82bn barrels of oil potential.

Successful wells have so far proved up some 6.6 TCF of contingent resources – which amounts to 1.94 TCF net to Falcon.

The new resource figures immediately sent the shares sharply higher, though the group’s valuation is still tempered by uncertainty, because the drilling programme in Australia was put on hold due to a temporary moratorium on shale gas, whilst the authorities conduct a new evaluation of the emerging industry and its practices.

The moratorium on hydraulic fracturing – the necessary process to complete shale gas wells – was introduced by the NT Government on 14 September 2016 and subsequently an independent panel has been established to conduct an independent inquiry and report back to the government.

The panel is looking at all the issues such as the potential impact on the environment but also the potential economic impact.

New Australian proposal bodes well for Falcon:

Proposals to lift a separate but similar ban on coal seam gas operations in Australia prompted the surge in Falcon’s shares this week.

Indeed, according to stockbroker WH Ireland, the proposal bodes well for Falcon’s planned development of Australian shale resources.

Australia’s deputy prime minister Barnaby Joyce is supporting proposals that would see the ban on coal seam gas drilling lifted, so long as landowners are given more of the royalties from subsequent gas production.

“In our opinion, this is a significant policy shift as the country seeks to avoid a looming gas shortage,” WH Ireland analyst Brendan Long said in a note.

“It is important to appreciate that the deputy PM is also agricultural minister and we therefore believe his thinking reflects that of Australia’s rural landowning community – the people who count.

“The general idea is to ensure that landholders benefit directly from gas production, which is an incentive that has proven very effective in the USA.”

Long added: “We believe this could pave the way for comparatively positive developments for shale gas developer in Australia, such as Falcon Oil & Gas.”

“The shares now are very overbought with the RSI at 89 out of 100 so a cooling off would be expected back towards the low 20s. The best case scenario target here over the next three to six months is as high as 45p.”

[palwing13] 22/3/2017 08:11

thecynical1Agreed...bit like life. Good luck and fingers crossed we get lucky.

[thecynical1] 22/3/2017 08:05

Palwing....thanks for your "insight"....in case you hadn´t noticed, every oil and gas play is a gamble.........

[palwing13] 22/3/2017 07:55

Still a gamble. Still no time scales. The longer it drags on, the more power to the environmentalists. Time is money.It has to happen one day as Australia has a bit if an energy crisis. BUT when? Money in this share may migrate to more lucrative pickings until there's a promise of movement.

[jlondon] 22/3/2017 01:43

"Australian Deputy Prime Minister Flags Lifting Gas Drilling Bans."-E & P 11 hrs ago. 21 Mar 2017

www.epmag.com/australian-deputy-prime-minister-flags-lifting-gas-drilling-bans-1487381

"Australia*s Deputy Prime Minister said he would support lifting bans on coal seam gas [CGS] drilling if landowners were given a bigger slice of royalties, a SIGNIFICANT POLICY SHIFT as the country scrambles to avoid a looming energy crisis...could be a GAME CHANGER."

[jlondon] 22/3/2017 00:21

Falcon Oil & Gas RNS 22 Dec 2016: "Completion of Extended Production Test Amungee NW-1H."

Quote: " A Final Discovery Report is being prepared for submission to the DPIR in Q1, 2017.

"The extended production test.....together with the results obtained from the drilling program to date will be used in evaluating the CONTINGENT RESOURCE in the Beetaloo. We look forward to UPDATING the market in Q1, 2017."

[jlondon] 22/3/2017 00:12

"Why a gas reservation policy makes economic sense."-NT News, 9 hrs ago, 22 Mar 2017

"The language being used by Mr Gunner indicates if the Pepper inquiry into hydraulic fracking returns what most are expecting and the process can be completed safely then it will be heavily regulated in tightly controlled areas. Limiting onshore gas development to the Beetaloo Basin open the door for compensation..."

Please Google the title to read as it is a limited edition and I have used up my allocation.