Falcon Oil & Gas Share Discussion Threads

[mirabeau] 20/1/2019 10:56

James Pratt - 30 Jan 2019
Today 10:54
Energy Club NT Back to Business - 30 Jan 2019 : Darwin

Join us to bring in the new year and celebrate our third annual Back to Business sun downer event. The event will feature two guest presentations sharing an overview of the onshore gas implementation plan progress and how we can grow positive business and community benefits for natural gas development.

With the release of its Final Report, the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory determined that provided all recommendations in the Report are adopted and implemented, the environmental, social, health, cultural and economic risks associated with hydraulic fracturing of shale reservoirs could be reduced to an acceptable level. On 17 April 2018, the government accepted all 135 recommendations and lifted the moratorium on unconventional gas in the Northern Territory.

James Pratt, Executive Director Onshore Gas Development at the Department of Primary Industry and Resources will join us to share and update on the NT Government’s progress of implementing recommendations in 2018, what is required to be finalised to commence exploration this year and the progression to production.



Listen carefully and you can almost sense but not yet see the activity of all stakeholders preparing to re-engage with the actual process of getting back in on the ground. Santos, Origin, NTG and Canberra also contributing to the cost of water management, analysis etc etc required for fracking...

[mirabeau] 19/1/2019 17:56

'proactive approach to planning and investment by both governments is absolutely critical to ensuring the efficient delivery of infrastructure.'

This is interesting. Both the Commonwealth and the NTG preparing to invest taxpayers money (NAIF?) to build the infrastructure...that makes our stake even more valuable...the route to commercialisation and the cost of that transferred to the taxpayer

[hermana3] 19/1/2019 16:42

Nice graph for 2019 here!

[mirabeau] 18/1/2019 20:29

The price's held up very well with buying interest coming back into the stock though I believe this is really just the start.

Whenever I doubt the potential here I always read this and then it becomes apparent that our 30% is worth multiples of the current value even after one takes into account the capital cost of developing and getting the gas to the customer..the takeover price? Who knows...this reminds me of SOLG...prove up the asset and sell it to a major

--

Harnessing the potential of Northern Territory’s gas industry

15 November 2018

The Australian and Northern Territory governments have signed an agreement that will help realise existing offshore gas reserves and the potential of the Beetaloo Sub-Basin as a new world-class gas province.

Minister for Resources and Northern Australia Matthew Canavan signed a Memorandum of Understanding with Northern Territory Chief Minister Michael Gunner today.

Under the MOU the Commonwealth and Northern Territory governments agree to work together to further develop the Northern Territory’s gas industry, both offshore and onshore gas.

Minister Canavan said the MoU recognised the national significance of gas resources offshore northern Australia, the onshore gas resources of the Northern Territory and the need to attract investment and create economic growth.

“The Beetaloo Sub-Basin can be developed safely and sustainably to the benefit of all Territorians, including indigenous communities and the wider Australian community,” Minister Canavan said.

“Initial resource estimates for the Basin suggest there could more than 200 years of domestic gas supply for Australia at current levels of consumption - plus providing substantial quantities of gas for export.

“That is an exciting prospect in terms of energy security for our existing domestic manufacturing sector and being able to support new manufacturers which might come online in years to come, particularly those based in the Northern Australia.

“The Commonwealth and Territory governments recognise that a proactive approach to planning and investment by both governments is absolutely critical to ensuring the efficient delivery of infrastructure.

"This MoU is a vote of confidence in the potential of the shale gas industry in the Northern Territory following the Territory Government’s decision to lift the moratorium on the use of hydraulic fracturing.

“The Commonwealth is already working with NT Government and industry to resume exploration activities in the region to clarify the commerciality of the resource. Industry exploration to date indicates a P50 gas-in-place resource of at least 500 trillion cubic feet (TCF) for one of multiple prospective layers in the Beetaloo Sub-basin. There are also prospective liquids-rich resources providing another target for industry when they return to the basin in next year’s dry season."

Northern Territory Chief Minister Michael Gunner said the signing of the MoU demonstrated the potential of the industry for the Territory. This is the chance for the Territory to continue to expand LNG exports while diversifying our economy through gas-based manufacturing.

“The MoU will help establish the Territory as a world-class hub and to effectively implement the 135 recommendations from the independent scientific report into hydraulic fracturing in full,” he said.

"It supports our Five Point NT Gas Strategy to create jobs through exploration, production, service and supply, export, manufacturing, research and innovation.

“Our number one priority is creating local jobs and this MoU will help us proactively plan for a successful industry. This MOU will help us understand the science so we can protect our unique natural environment for future generations.”

Major objectives of the MoU include:

- contributing to national energy security

- establishing the Northern Territory as a world class gas production, manufacturing and services hub

- driving industry collaboration in the priority areas of infrastructure investment, Aboriginal economic development, common industry practices and research, innovation and training

- managing social and environmental impacts for a Northern Gas Industry

The Beetaloo Sub-Basin, located about 500 kilometres south of Darwin, is an 18,500km2 area highly prospective for shale gas. There is more than 30 trillion cubic feet of gas reserves in the Timor Sea with many operators actively developing commercialisation options.

[loganair] 18/1/2019 11:19

mr h - Totally agree with you - I think it will be when the 2020 drill results are in when things will start to really warm up with the shares of FOGL.

[mr hangman] 18/1/2019 10:43

My View FWIW

Hungry 0

S Africa 1-2p but if they get a drilling licence (has been imminent for many years)
with 100% of 240 TCF of gas up for grabs, 25-35p + is possible.

Australia, all will be proved up in the next 18 months,North of £1 my guess

[loganair] 18/1/2019 10:25

FOGL had a 3rd licence, I think it was in Hungry or some where similar which they wrote the value down to Zero.

[rus4] 18/1/2019 09:39

hermana3, you are spot on

[hermana3] 17/1/2019 18:59

Logan, How do you base your loose valuation of 25-35p per share for South Africa assets? I was thinking they were worth sfa.

[mirabeau] 17/1/2019 10:16

Origin - now hiring for Beetaloo

Today 09:22
Senior Project Engineer

Date: 17-Jan-2019

Location: Brisbane, QLD, AU

Company: Origin Energy Services Ltd

Hands on project delivery
Support development of new gas assets and ventures

The Role

The Growth Assets team manages all of Origin's non-APLNG upstream gas assets and opportunities, delivering the Integrated Gas strategy through finding, appraising and optimising the value our assets (initially, Beetaloo, Ironbark, Poseidon and Heytesbury with the potential for future growth).

[mirabeau] 17/1/2019 10:15

NTG revving up for the restart -

Development of Onshore Gas
Today 10:10
Locations: NT Australia (Onshore)
Project Status: Stage 2 - Preparing for Exploration
Project Owner Northern Territory Government
Project Details

The Northern Territory Government has set a vision for the Territory to become a world-class gas production, manufacturing and services hub by 2030. There are indications that the shale gas reservoirs in the Beetaloo Sub-basin are of global significance. Exploration will confirm the scale of our shale gas reserves.

Darwin already has two liquefied natural gas plants, plus a thriving service and supply industry, and explorers continue their efforts to prove up more reserves in offshore and onshore fields.

With the lifting of the moratorium on hydraulic fracturing in the Northern Territory, the Government committed to implement all of the recommendations set out in the Final Report from the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory. Full implementation of the recommendations will be transformative, establishing a new benchmark for industry regulation.

The required effort to implement these reforms is significant and the Northern Territory Government will implement all recommendations, to ensure the success of a sustainable, productive onshore gas industry in the Northern Territory.

To read the Implementation Plan or access additional information, please visit hydraulicfracturing.nt.gov.au

Strategic Oil and Gas Development supports the delivery of the Government’s five point gas strategy:

1. Expand Darwin’s world-scale LNG export hub;

2. Grow the Territory’s service and supply industry – including Shell’s Prelude floating LNG facility, Darwin is the service and supply hub for four LNG trains supplied by offshore fields;

3. Establish a gas based processing and manufacturing industry;

4. Grow local research, innovation and training capacity – Charles Darwin University is already conducting research relevant to the oil and gas industry, including the rate of metal erosion in tropical seas and advance high speed metal printing;

5. Contribute to Australia’s energy security.

The Territory Government is committed to building a productive onshore gas industry that protects our unique environment and delivers local jobs and opportunities for local businesses.

Ensure your business profile is up to date with ICN for access to opportunities to follow from this industry.

[loganair] 17/1/2019 10:11

I do not think a lot is going to happen with the share price until the 2020 drill results are known.

FOGL have said many times that they do not intend to take their licence into production. Once all the drill results are known will sell their licence and return this cash to the share holders leaving them with the South African licence which is worth around 25p to 35p per share.

[mirabeau] 17/1/2019 09:51

I can sell 60k at 19.80p. That's the first time in a long time I can sell decent size at a premium to the current bid

[hermana3] 17/1/2019 07:33

Good riddance to Sweetpea indeed!

[mirabeau] 17/1/2019 07:13

From WW on LSE this morning. The distressed seller's departed the building and the starting pistol's been fired for 2019

'Nerves: I have the same question. I am holding a few Petrohunter shares myself. If Sweetpea/Petrohunter is now in chapter 11 one would think we should have some hope of an increased valuation going forward. I heard the guys in charge of Sweetpea misrepresented the liabilities of the company (to them I assume?) and were selling Falcon stock to fund the chapter 7 and I begin repaying the false claims - lining their pockets. When Bruner found out what was happening to the shares he entrusted to these crooks he hired lawyers, flew to Switzerland and the outcome was the bankruptcy judge threatened these guys with jail time if they didn't replace the illegally sold share and the judge changed the bankruptcy to a Chapter 11. I assume that is when Falcon relisted this 6.6% shareholder. Don't take any of this too literally as it is coming second/third hand. The important thing in all of this is that the incessant selling of Falcon is now off its back and hopefully we see the stock acting more positively going forward.''

[loganair] 16/1/2019 22:10

What I saw being reported was 100p for their Austrailian Licence and 35p for their South African Licence.

[hermana3] 16/1/2019 21:09

Repurchased? How could this order be enforced?

[mirabeau] 16/1/2019 20:58

arc -

This is from Wet Water on LSE - which may explain the selling


'Free what I understand Bruner got the Petrohunter bankruptcy changed from a Chapter 7 to a Chapter 11 but not before 20 million shares were liquidated. There may be a chance the court will require the illegally sold shares to be repurchased. Anyway, we can thank Bruner for stopping the relentless selling pressure since the moratorium.''

My rather naive understanding is:


Under Ch.7 Sweetpea were forced to sell FOG stock to cover their creditor obligations which may explain the lack of price appreciation..now that Sweetpea's changed to Ch-11 their assets are protected from their creditors and there's no need to liquidate their stockholding in FOG. That's my understanding anyway. with news to come and the forced seller out of the way then the price does appear to have been released to appreciate to reflect all the news to date...

If the below happens then that would prove surely positive for the price -

''There may be a chance the court will require the illegally sold shares to be repurchased. ''

it's all looking positive now as we move forward

[hermana3] 16/1/2019 20:22

Arc, Plenty of demand for their shares!!!

[arc en ciel] 16/1/2019 20:18

Mirabeau. Is Sweetpea selling?

Herewiith LSE announcement 16 Jan 4.11, ie when the UK market was still open:

Falcon Oil & Gas Ltd. - Holdings in Company

16 January 2019 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC)
("Falcon") has been informed that Sweetpea Petroleum Pty Ltd. is the
beneficial owner of 61,708,000 common shares of Falcon ("Shares"),
representing 6.63% of Falcon's issued and outstanding Shares.

[hermana3] 16/1/2019 19:11

At this rate company will have to either comment on rise or deliver news!