Falcon Oil & Gas Share Discussion Threads

[mr hangman] 21/2/2019 08:59

That's not a bad thing Hermana, when our resources are proved up,we could be holding AGM's in stadiums

[hermana3] 20/2/2019 19:31

Mira,Good find. Are you also of the opinion that we could fit all the holders here in a phone box?

[mirabeau] 20/2/2019 08:09

Origin Energy have appointed the CEO of Hilcorp Energy as an INED (Independent Non-Exec Director)

Hilcorp is a Texas (US) based, privately owned oil-gas company and one of US' largest (private) oil companies.

Hilcorp is also a specialist in fracking

My bet is that Hilcorp could become the new owner of our 30%. That's my hunch. I'm probably way off the mark, as per usual

[hermana3] 15/2/2019 08:04

Yes these are a one year hold now!

[mirabeau] 14/2/2019 22:18

Matt Canavan speech - today
Today 22:16



'The opening up of new basins is always challenging given the upfront costs of developing infrastructure and the need for coordination between producers, investors and customers.

Governments can help facilitate and plan for such developments, especially to ensure that local communities maximise the benefits from new investments.

The Beetaloo Sub-Basin in the Northern Territory is an example of a region where government action can make a difference in helping realise great resource potential.

I’m pleased the Australian and Northern Territory governments have signed a memorandum of understanding to guide the development of the Beetaloo Sub-Basin.

Our plan is to work cooperatively with the Northern Territory to bring forward the development of the Beetaloo Sub-Basin as a potentially world-class new gas province.

Development of the basin would also assist in maximising the downstream value of the petroleum industry for the Northern Territory and the broader Australian economy.'

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FOG owns 30% of an asset that is huge, strategic and very valuable. Canavan never fails to draw attention to Beetaloo and its importance to the NT and Australia.

I can smell a news release from Canavan in the next few months regarding funding for pipelines and other infrastructure developments...

I bet there's so much happening behind the scenes that we are not privy to..

hold these beauts and be patient!

[mirabeau] 14/2/2019 06:23

There are several areas where this is again possible, including:
• The Beetaloo Sub-basin in the Northern Territory which
has a world-class shale gas resources and is home to
more than three quarters of Northern Territory’s
perspective shale gas resources.

New basins for jobs and regional growth
The Beetaloo Sub-basin in the Northern Territory is a world-class
shale gas resource and is home to over three-quarters of the
Northern Territory’s prospective shale gas resources, according to
Geoscience Australia.29 Recent estimates from companies exploring
the area suggest that the shale gas resources could be even larger
than first thought. While the scale of the gas resources in the
Beetaloo Sub-basin is vast, exploration is only just getting underway.
It remains uncertain what proportion of the resource will be
technologically and economically viable to extract.

Opening up new regions
The government will promote resources exploration and basin
development by:
• Investigating expanding the scope of Geoscience Australia’s Exploring for the Future program and extending it for four years. This
would extend its benefits into the southern half of the Australian continent and include targeted offshore areas to access new, deeper
resources.
• Working with industry, through the Australian Bureau of Statistics (ABS), to examine the feasibility of expanding the Survey of Mineral
Exploration. Expanding this survey aims to improve the information collected about greenfield exploration to greater reflect current
industry exploration activities.
• Working with industry, state and territory governments and local communities to promote priority new greenfield basins and
provinces. We will seek to align policies, provide information and investment services, and develop a shared vision for infrastructure.
• Working cooperatively with the Northern Territory to bring forward the development of the Beetaloo Sub-basin as a potentially
world-class new gas province and to assist in maximising the downstream value of the petroleum industry for the Northern Territory
and the broader Australian economy.
• Exploring longer-term options to enhance the offshore petroleum titles management framework in consultation with industry.
Enhancements will aim to provide greater transparency on offshore gas reserves, accelerate offshore resources development and
streamline administrative processes.
• Examining the policy settings for when a company fails to meet its offshore work program commitments. This will ensure a
transparent, impartial and consistent approach to encourage titleholders to complete their exploration commitments and, where the
company defaults, make provision for expenditure to be reinvested into other activities which support the exploration and
development of offshore resources.
Taking advantage of increased demand for commodities will require
the development of new energy and minerals basins. The opening
up of new basins is always challenging given the up-front costs of
developing infrastructure and the need for coordination between
producers, investors and customers. Governments can help
facilitate and plan for such developments, especially to ensure that
local communities maximise the benefits of such new investments.
The government is already acting to encourage the discovery and
development of new basins. The government has invested
$100 million in the Exploring for the Future program which is using
the latest exploration techniques to search for new mineral finds in
Australia’s underexplored areas. The Australian Government and the
Northern Territory Government have also signed a Memorandum of
Understanding to guide the development of the Beetaloo
Sub-basin in the Northern Territory.
While Australia has a well-earned reputation for world class data
about our resources and this has helped attract investment, more
can be done. This is why the government will investigate the
feasibility of expanding current efforts by Geoscience Australia to
investigate more widely onshore and offshore opportunities, as well
as making resources data more accessible. This will also include
examining improvements in exploration investment data collections
with the Australian Bureau of Statistics to better understand
greenfield exploration investment trends that will help to inform
government policy action and investors on market opportunities.
The government will further build on these efforts by working
closely with the states and territories to develop a best practice
approach towards the development of new basins. This model will
focus, in particular, on the development of new mineral
opportunities to increase Australia’s production of minerals critical
to a modern economy, such as lithium, rare earths, nickel, cobalt and
other commodities.
Such plans should also align policy, information and investment
services when identifying and promoting resources development
opportunities. This is primarily to counteract inconsistencies in
policy and regulatory frameworks. For example, offshore
development is jointly provided by the federal and respective state
or territory governments. Onshore development is administered by
the states and territories.
This will give investors, businesses and the community longer-term
confidence and help them make planning decisions with more
certainty. This planning would encompass government–industry
approaches to infrastructure, land use, policy and industry
development.
The Australian Government has principal authority over the
development of offshore areas. In recent years, the government has
increased the transparency of regulatory approval processes
(through requiring the publication of environment plans) and has
increased the flexibility of the release of offshore acreage. The
government will review Good Standing policy to ensure that there is
a transparent, impartial and consistent approach to holding offshore
petroleum titleholders accountable for failure to meet their
guaranteed work program commitments. The government will also
be introducing a public comment period for all offshore exploratory
drilling and seismic activities, to ensure the community is better
informed about proposed oil and gas activities.

[hermana3] 11/2/2019 07:48

Getting interesting now indeed.

[mirabeau] 08/2/2019 12:04

NT proposes Bulletin Board exemption for LNG facilities

THE Northern Territory government is pushing for changes to the National Gas Rules that would allow LNG facilities and their upstream connections in the Territory to be excluded from mandatory operational reporting to the national market in an effort to protect sensitive commercial information.'...



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I am intrigued by this. The NTG's obviously being encouraged by this by NT operators who may have investment plans afoot..the 'upstream connections' reference is interesting. Does this relate to Beetaloo? It surely must as up to this point all other upstream supply is out there in the open so why is Gunner (and Canavan, probably) pushing for this exemption?

'sensitive commercial information'?

momentum gathering

[hermana3] 04/2/2019 07:49

3 months now till it is "game on" here....

[hermana3] 02/2/2019 14:26

Pan, We agree wholeheartedly in your final comment.

[panadin] 02/2/2019 14:19

Herm: or should i say Hannibal Lecter with your Chianti? agree, no reason to get indigestion over this...the Falcon should fly in Oz.....

[hermana3] 02/2/2019 06:13

Pan, A wee bit surprising but didnt stop me enjoying my Chateaubriand and Chianti last night.

[loganair] 01/2/2019 10:54

Fair enough Pan - If the South African licence ever came to fruitition then would be worth between 25p & 35p per share otherwise only worth about 1p per share.

[panadin] 01/2/2019 10:51

very true loganair; just posting link as it is a significant story, albeit one where there is little priced in for S.A. assets.

[loganair] 01/2/2019 10:32

Pan - not really damaging to Falocn as the vast majority of Falcon's worth is their NT Licence.

[panadin] 01/2/2019 10:08

Herm: did you see the Irish Times story about allegations of corruption by Falcon?

"Irish explorer Falcon Oil and Gas has found itself caught up in a South African commission of inquiry into corruption of public officials during former president Jacob Zuma’s tenure after it was named by a whistleblower. Bill Corcoran reports from South Africa as the company denies any impropriety."

[hermana3] 01/2/2019 07:50

Oz is the gassiest!

[ssrover] 31/1/2019 08:32

o/t RMP rns

Great news AT RMP ..Spud brought forward slightly. Amazing presentation by 88e the operator... Commercial oil surrounding the whole of the immediate region we are drilling in...most likely looking at 90% COS or at the very least oil shows.

26/26 access rate on commercial finds..

risk/reward at £25m cap inc £6m cash looks amazing and expect to see share price of 10p within the next few weeks to bring our cap of £50m closer to its past peers for a similar operation..

Alaska oiliest place on the planet apparently

[hermana3] 31/1/2019 07:42

Know a punter wanting in at 18p for a few $ more....

[mirabeau] 30/1/2019 13:59

86k buy at 18.20p

[hermana3] 28/1/2019 19:55

John Craven played a superb hand at Cove Energy when it was taken out. Bet he is still the backseat driver here even if Phil likes to brag about his greatness.

[hermana3] 27/1/2019 18:54

Big Thai and Japanese Energy Companies will be monitoring events closely too. Phil is struggling to contain his excitement....