Falcon Oil & Gas Share Discussion Threads

[hermana3] 26/7/2018 21:05

Well well.....

[mirabeau] 26/7/2018 08:26

Yes, interesting developments in SA

[bensug] 26/7/2018 08:25

Cape Town - Just as environmental and interested groups thought the government may have shelved its shale gas exploration plans, a notice by Mineral Resources Minister Gwede Mantashe in the Eastern Cape Government Gazette may have blown up this highly controversial issue once again.
In the notice for shale gas exploration rights in the Karoo by petroleum giant Shell, Bundu Gas and Oil Exploration and Falcon Oil and Gas, the minister calls for submissions from the public whose rights “may be materially and adversely affected by his pending decision”. Janse Rabie, Agri SA’s head of natural resources, said they could not support a project of this magnitude anywhere in the country.

“Agri SA has consistently maintained, in the absence of sufficient answers by both petrochemical companies and government as to the availability of sufficient water to support shale gas exploration and production and adequate answers as to what would be done with the resulting contaminated water it cannot support shale gas development in the Karoo or elsewhere in South Africa.”

Rabie said the threat of shale gas development in the Karoo appeared to dissipate after Shell’s announcement this year that it would be scaling down its operations. “The matter remains very much alive, as is seen by government’s most recent notice. Neither Shell, Bundu or Falcon actually withdrew their applications for exploration rights for shale gas in the Karoo and those applications still remain pending.

“Once exploration rights are granted, it opens the door to full-scale production rights automatically being granted in due course,” Rabie said.

Areas affected include parts of Beaufort West, Murraysburg, Graaff-Reinet, the Northern and Eastern Cape.

Beaufort West mayor Noel Constable said he was in support of the project. “We have had meetings with the companies and with those who are opposing the project. It is set to create many jobs and will uplift our communities. Our studies have given us the assurance that the project won’t negatively affect our underground water system. We accept that and support this project cautiously,” he said.

[hermana3] 25/7/2018 18:47

Wont be any major leaps for sure!

[loganair] 25/7/2018 12:06

I can see FOG basically trading sideways until the 2019 drill results are announced.

[hermana3] 25/7/2018 07:29

Slight turnaround here in past week. Spring aint that far away....

[prettybullish] 20/7/2018 23:00

Nice find Mirabeau....could explain the stronger share price today. Patience is all that is needed with this one......in comparison to companies such as Sound the company is completely undervalued by a multiple of the current share price

[mirabeau] 19/7/2018 20:26

Construction work complete on Northern Gas Pipeline between Tennant Creek and Mt Isa, gas set to flow

July 20, 2018

CONSTRUCTION work is complete on the Northern Gas Pipeline between Tennant Creek and Mt Isa, with gas set to flow by the end of the year.

Jemena executive general manager of corporate development Antoon Boey told Sky News the mechanical construction work was finished on Thursday.

“All the wells have been finished, the pipe has now been fully covered in the trench,” he said. “We have to now undergo a whole lot of safety tests but we are very confident that we can now commission the pipeline by the end of this year.”

The pipeline will be able to transport 90 terajoules of gas per day, but Mr Boey said Jemena was already looking at expansion or duplication options after the NT Government lifted the fracking moratorium.

“As soon as there is gas there to be sold, we can within the space of six to nine months, expand the current pipeline and if there’s a lot more gas, beyond 160 terajoules or so per day, we can look to expand the pipeline by way of duplicating it and that would then add orders of magnitude of additional capacity,” he said.

Mr Boey said the Territory’s onshore gas resources had the potential to solve the east coast energy supply crisis.

“The amount of gas in the Beetaloo Basin in particular is of such a magnitude that not only could it supply the Northern Territory with all of its foreseeable needs, but it could also provide the east coast with enough gas to make a real dent, if not completely alleviate the current supply problems we now have on the east coast,” he said.

-

Falcon's 30% of Beetaloo's discovery is surely worth multiples of the current price, in time of course. We need the drill and an offer!

[jross11] 19/7/2018 20:18

Wohoooo Falcon needs a change of luck.

[hermana3] 18/7/2018 07:26

New thread for a new era!

[hermana3] 16/7/2018 20:28

Hib, Going cheap currently too as market has no patience!

[hibberts] 16/7/2018 13:19

Just bought my first holdings today I like to get in nice and early will average up when the time is right.

[hermana3] 11/7/2018 22:16

Dev, Welcome aboard. Good timing too...

[devereaux] 11/7/2018 22:09

hermana3
yes it is/was

[hermana3] 11/7/2018 20:04

Dev,Was it yours?

[devereaux] 11/7/2018 10:58

The 75000 trade at 09.42 is a buy not a sale !

[loganair] 03/7/2018 10:19

And sadly we won't get those results until Autumn next year as the next 3 wells that are due to be drilled will not be started until April next year.

[hermana3] 03/7/2018 07:56

A wee bit of a drift here in recent weeks. Probably because this is currently a one trick pony and we will have to wait a while for next series of drills at Beetaloo.

[hermana3] 02/6/2018 16:53

Well he didnt takes Boris Yeltsin's gift for charity. Greedy barsteward will cream it here too.

[loganair] 02/6/2018 16:36

To make as much money as he can.

[hermana3] 02/6/2018 16:18

I see Victor Velksberg the controversial Russian Oligarch is the largest single holder here. Wonder what his intentions are.........

[hermana3] 28/5/2018 07:04

Snooze button on again here!

[hermana3] 17/5/2018 06:48

Wizard, Fact is Beetaloo is a massive gas find and now we learn of 4 more targets including condensate and oil.

[wizard2020] 16/5/2018 23:36

Technically the 'balance' is maintained by OPEC who have indicated that they can make up any Iranian caused shortfall and this is before fracking substitution and hybrid effects. I merely state facts. I hold Falcon because of the strategic importance of the reserves to Aus and the anticipated value of the Betaloo basin - not because of any long term view on oil prices. Don't post often but some of the stuff above smelt more of ramp than fact.