Falcon Oil & Gas Share Discussion Threads

[invest ted] 28/3/2018 09:14

Bought £1K this morning. The story looks promising.

[hermana3] 27/3/2018 22:16

Logan, The investigation clears the way to guilt free fracking in The Nortern Territory. Well done Judge Pepper and team.

[loganair] 27/3/2018 22:11

Does Scientific Report Open Road For Hydraulic Fracturing In Australia?


The Australian Petroleum Production & Exploration Association (APPEA) has welcomed a scientific inquiry into hydraulic fracturing report finding that hydraulic fracturing could be safely managed in the Northern Territory (NT).

The peak Australian oil and gas body said the report, which had resulted in a similar conclusion to the draft report that any risk associated with onshore gas development and hydraulic fracturing in the NT could be managed by effective regulation, should encourage the government to immediately lift the moratorium on hydraulic fracturing in the state.

Matthew Doman, APPEA’s director for South Australia and the Northern Territory, said the conclusion of the 15-month inquiry meant the NT government must make a decision swiftly to “give certainty to investors, local businesses, traditional owners, landholders and all Territorians.”

“The final report confirms that developing the Territory’s natural gas resources would have significant economic and employment benefits for the NT,” Doman said. “It has debunked many of the myths spread by activists opposed to onshore gas development.”

While APPEA argued against the need for yet another inquiry into hydraulic fracturing, the inquiry has enabled genuine questions in the community to be addressed in an independent and expert manner, according to Doman.

APPEA said the conclusion reached in the report confirmed the findings of numerous other scientific inquiries and reviews that any risks associated with hydraulic fracturing can be minimized or eliminated with proper regulation.

“The report makes 135 recommendations, which will need to be considered carefully,” Doman said.

“Some of these recommendations go beyond the terms of reference to matters of national policy and would be impossible for the NT Government to implement, as the report itself acknowledges. APPEA’s member companies stand ready to invest billions of dollars in new projects in the Territory if the industry is allowed to resume exploration activity,” he continued.

“There is no reason the Territory cannot manage the safe, sustainable development of its considerable natural gas resources.”

Gallagher said the NT’s potential gas resource of 260 Tcf was greater than Australia’s entire identified conventional gas resources and big enough to expand the Darwin LNG project and supply the gas famished East Coast.

“To look at the potential benefits of a thriving natural gas industry in the Northern Territory, you don’t have to look further than the U.S.,” Gallagher said.

The Santos boss said gas was boosting the U.S. economy by supplying nearly half of all power capacity in a country where electricity prices had dropped to about 30% of the $100 per megawatt it costs in the Australian state of Victoria and 17% of the $150 charge in South Australia.

In addition, Gallagher said the U.S. had cut energy-related carbon emissions by 21% since 2005, a reduction of 400 million tonnes of emissions every year.

“All of this has been as a result of the U.S. government being pro-gas and pro-development. By contrast what we are experiencing here in Australia has resulted from a series of moratoriums and restrictions to new developments, limiting new supply.”

[loganair] 27/3/2018 22:05

The Northern Territory government has been urged to lift a moratorium on fracking to kickstart development of onshore gas reserves.

Opposition leader Gary Higgins says it's time for the ban to go on the back of an expert report which found the risks associated with gas extraction could be properly managed.

"On the back of a 20-month delay, we would expect that exploration activity would commence this upcoming dry season," Mr Higgins said.

[hermana3] 27/3/2018 22:05

Malcy's Blog says this will rise like a jack russell after scoffing a bag of viagra once we get the green light to progress Beetaloo.

[hermana3] 27/3/2018 20:02

Gunner will give fracking the thumbs up within a week.

[haroldthegreat] 27/3/2018 14:58

There are also reports that an earthquake across the world from a drilling site can produce an esrthquake at a drilling site both conventional and fractured.

[loganair] 27/3/2018 13:25

The Fracking industry will employ more people then are currently unemployed in NT and will bring in many skilled people from outside of NT.

In the next 30 years will directly bring in A$40bln to the NT Governments coffers leaving them with a budget surplus and many many more billions of dollars to the NT economy.

[glavey] 27/3/2018 13:22

"Exactly the people who might be inconvenienced in Australia are a miniscule percentage of the total population who will benefit from a cheap national energy source."

"Small Earthquake in Chile. Not many Dead"

[haroldthegreat] 27/3/2018 11:07

Exactly the people who might be inconvenienced in Australia are a miniscule percentage of the total population who will benefit from a cheap national energy source.
It might take time but this will ultimately be developed.
Having been Invested for 4 years I can be patient . I was impressed by CEO presentation and his philosophy. Farm out and get a smaller return at no cost rather than take a gamble on his own.
What really impressed me was his explanation of the disclaimer. Let me summarise this .....don't believe a word I say !!!

[haroldthegreat] 27/3/2018 09:47

When push comes to shove they need energy. whenever there is a report there will always be people that object. Nobody wants any development in their back garden.
The government will have to make a decision for the greater good. The points in the report would be covered in any planning decision anyway. The good part is they didn't say No fracking !

[arc en ciel] 27/3/2018 09:46

Congratulations are due to all those investors who have remained positive that the scientific enquiry must conclude that shale gas extraction in the 21st Century is both beneficial and inevitable.

The huge success of the technique in North America, producing as it does some 10 million barrels of oil a day plus enough gas to fill every storage facility in the continent and lots more in the rest of the western world is a major contributor to world peace and economic prosperity.

In the UK we need to rid ourselves of dependency on Russia for hydrocarbons and if Oz now implements shale gas exploitation it should help the UK decision to make our energy-dependent economy thrive too.

[loganair] 27/3/2018 09:02

Before any production approvals were granted, the report stated that a Strategic Regional Environmental Baseline Assessment be conducted, beginning with the Beetaloo Sub-basin; the most likely place for the industry to start up if the moratorium was lifted.

However the assessment could occur while exploration was on-going.



"For a significant majority of the people participating in the inquiry, the overwhelming consensus was that hydraulic fracturing for onshore shale gas in the NT is not safe, is not trusted and is not wanted," the report stated.

Mrs Pepper hoped that the inquiry would restore trust in the Government's decision-making process, if fracking was to be permitted.



Chief Minister Michael Gunner said he would not rush the decision as whether or not to lift the fracking moratorium, following the delivery of the final report.

He said after reading the 1,000-page report, a decision would be made "as soon as possible".

However he indicated that he accepted the notion that all 135 recommendations would have to be implemented if the moratorium was lifted, although he said the topic warranted further discussions within government.



But Deputy Opposition leader Lia Finocchiaro urged the Government to lift the moratorium on hydraulic fracking this week, stating that Territorians needed economic certainty.

"The NT Government needs to show economic leadership in the community and lift the moratorium and ensure we have a well regulated onshore gas industry," Ms Finocchiaro said.

"The opportunities for the NT are enormous.

[haroldthegreat] 27/3/2018 08:59

With a positive report and Australia facing an energy crisis we should see a massive upside in these shares
.the government is bound to facilitate this project and eventually the UK government will have to do likewise here.without storage capacity in the UK we need fracking to produce more home grown gas.
The last few weeks have shown that the UK power supply is at crisis point.no sun or wind means greater gas supplies needed.
Falcon is well run and the shares should outperform in the long run.

[hermana3] 27/3/2018 07:05

Just 3 working days left in March!!!

[hermana3] 15/3/2018 20:22

Squire,Let us hope sense prevails.

[squiresquire] 15/3/2018 12:43

herman

Thats the same basis for my decision to invest, the interim report was good and since then the other work has been focused on less fracc and more social matters.

[hermana3] 14/3/2018 20:40

The Interim report says its manageable and who am I to argue....

[squiresquire] 14/3/2018 08:29

herman

Not too scientific but every little helps i guess. GLA

[hermana3] 13/3/2018 21:10

Went very quiet here before Beetaloo drill results. Could it be a good positive sign?

[hermana3] 07/3/2018 20:50

10 days is plenty for the Judge and her team to read the submissions. Judgement next Monday?

[squiresquire] 07/3/2018 07:26

It closed to new submissions Sunday before last .