Falcon Oil & Gas Share Discussion Threads

[squiresquire] 03/5/2019 15:46

When they announce a date for that this thing could take off like a rocket, have you looked at the 13th Feb 2017

[hermana3] 03/5/2019 08:19

Wont be long now for spud.

[mirabeau] 02/5/2019 21:29

Origin Kyalla drilling and hydraulic fracturing 2019 (EP117 N2)

Overview


Origin Energy Limited (Origin) has submitted an Environment Management Plan (EMP) for assessment under the Petroleum (Environment) Regulations 2016.

Kyalla Drilling and Hydraulic Fracturing (stimulation) Program EP117 N2 (4.5 mb)

Kyalla Drilling and Hydraulic Fracturing (stimulation) Program EP117 N2 - Appendices

Appendices A to C (9.7 mb)
Appendices D to F (4.0 mb)
Appendices G to K (4.0 mb)
Appendices L to O (3.8 mb)

The EMP proposes the construction of an exploration petroleum well, hydraulic fracturing and well testing at Exploration Permit 117 N2, approximately 300km south-east of Katherine in the Beetaloo sub-basin.

This EMP covers the activities required to enable Origin to drill, hydraulic fracture, test, maintain and decommission a horizontal petroleum exploration well within the 2019-2024 period:

drilling of an exploration well
hydraulic fracture of an exploration well
completion and work over maintenance of an exploration well
well testing of an exploration well
well suspension and decommissioning of an exploration well
construction and operation of a temporary camp
installation of up to two water extraction bores
routine maintenance and monitoring activities
minor works ancillary of the above.

For alternative access to the EMP contact the Department of Environment and Natural Resources on [phone].

All comments received will be published.


Closes COB 30 May 2019
Opened 3 May 2019


Contact
08 8924 4218

Give us your views

To submit your comment on this EMP either by completing this form or mail your comments to:

Onshore Petroleum Assessment
PO Box 3675
Darwin NT 0801

Last updated: 03 May 2019

[hermana3] 24/4/2019 08:45

And the market not exactly basking in the news either yet!!

[loganair] 23/4/2019 17:44

In a note to clients, analysts at SPAngel commented: “Today's update, while representing a significant increase in the cost relative to the original option terms, is a reflection of the progress that has been made over the project in the intervening period and the significant derisking in the Beetaloo Basin's commercial potential.”

[hermana3] 23/4/2019 11:03

Wee Phil and the Board playing a very good hand at Beetaloo. Drill in 2-3 months most probably.

[mirabeau] 22/4/2019 19:16

Shaun Drabsch - 17 May
Sun 21:24
His first major speech since his appointment as the CEO of the DTBI - I wonder if he's got some infrastructure news to give? A special update? It is after all titled a 'Special Address'...this speech by our ex Santos PR advisor should be very interesting, hopefully!

11:40 am
Special Address | DTBI's New Chief Executive

Shaun Drabsch, Chief Executive Officer, Department of Trade, Business and Innovation

[mirabeau] 22/4/2019 19:15

NAIF - plans to abolish
Today 19:01
Coalition’s ‘failed’ fund facing $5bn makeover

Bill Shorten would abolish the ­“failed” $5 billion Northern Australia Infrastructure Facility and establish a new fund aimed at unlocking Queensland gas reserves in a bid to bring down gas prices and transform Darwin into a manufacturing and export powerhouse.

If elected, the Opposition Leader would replace the NAIF with a new finance facility that would work with Infrastructure Australia to identify and support projects of national economic significance in Australia’s north.

The new facility would have the same $5bn funding allocation as the NAIF, but would be called the “Northern Australia Development Fund”.
Read Next

It would quarantine $1.5bn for the construction of pipelines connecting Queensland’s Galilee and Bowen basins with the east coast. Labor would also aim to fin­ance pipelines connecting the Beetaloo basin with Darwin, 600km north, as well as the east coast.

An extra $1bn from the new fund would be allocated to giving a leg-up to tourism projects in Northern Australia.

Opposition resources spokesman Jason Clare said the plan to create a new fund would “support Darwin as a manufacturing and gas export powerhouse as well as increasing supply to Queensland and the eastern seaboard to put downward pressure on prices for gas users”.

“Opening up the Beetaloo alone could provide enough gas to supply the domestic market for up to 400 years,” Mr Clare said. “The NAIF has been an abject failure.”

Mr Shorten has pledged to ­appoint indigenous Australians to the board of the new facility and would require all funded projects to produce plans showing how the economic benefits of the project could be shared with local indigenous communities. These plans will be released publicly.

The fund would sign a memorandum of understanding with ­Indigenous Business Australia, an organisation dedicated to improving the economic self-sufficiency of Aboriginal and Torres Strait ­Islander people. Other agreements would be signed with the Clean ­Energy Fin­ance Corporation and the Energy Security Modernisation Fund to avoid duplication, and improve co-operation.

Labor says the NAIF has failed, saying “not a single cent” had been spent in Queensland and only $15 million has been spent on infrastructure projects in Northern Australia over the past four years.

end

[hermana3] 17/4/2019 19:31

That ship has already set sail,alexios

[alexios1201] 17/4/2019 11:38

Sorry for o/t guysZENrigging up C37 for sidetrack into oil zone31mmbbl 2P ReservesProducerMcap under £10MShould deliver similar returns to BLOE sidetrack7p minimum Target

[hermana3] 04/4/2019 19:06

Voom voom back to drilling finally!

[mirabeau] 04/4/2019 10:49

The engines are roaring

[hermana3] 03/4/2019 20:31

Usual ebb and flow of Aussie political heads!!!

[mirabeau] 03/4/2019 20:26

Beetaloo Planning Heating UpToday 20:15

The following is a cut from an article appearing in the Australian Financial Review. Note the reference to Jemena's $3 to $4 billion dollar expansion to its existing $800 million dollar Northern Gas Pipeline. Things are looking pretty serious as to planning for the Beetaloo Sub Basin development.

"There still seems to be a lack of focus on solving the gas crisis."

— Andrew Richards, Energy Users Association

Commenting on the Beetaloo funding, Energy Minister Angus Taylor said putting downward pressure on domestic gas prices while ensuring security of supply "remains a priority" for the government.

But industrial gas users said the resource remains only a possibility for supply several years down the track after drilling resumes this dry season after the NT's recent fracking moratorium. Pipeline developer Jemena is already considering a $3 billion-$4 billion expansion of its $800 million Northern Gas Pipeline to help bring Beetaloo gas to the eastern states.

Jemena managing director Frank Tudor said the Beetaloo funding as well as $45.5 million earmarked for the development of the Barkly region in the NT, which includes Tennant Creek, the starting point for the pipeline, should ease the way for the gas to reach east coast buyers.

"While we are yet to understand the full implications of the budget package, the federal government’s announcement of $8.4 million to accelerate gas exploration in the Beetaloo sub basin will likely assist with expediting the expansion and extension of the Northern gas pipeline, bringing more gas to the east coast," Mr Tudor said.

Origin Energy has high hopes for its Beetaloo gas resource in the NT. Peter Eve

He added that the Barkly initiative would also likely enhance the skill base in the remote region, meaning many of the 4000 jobs expected to be created by the pipeline expansion could potentially be filled by locals.

The funding for Beetaloo, while only offering hope for increased gas supplies longer-term, "is a good thing, because after Bass Strait we've really got a problem", said Garbis Simonian, managing director of business gas wholesaler Weston Energy in NSW, referring to the expected drop-off in gas production off the Victorian coast.

The Australian Energy Market Operator warned last week the east coast gas market is facing tightness from 2021 and shortfalls from the winter of 2024 if more supply can't be found to replace rapidly falling output from the Bass Strait.

But the short-term remains a problem for industrial gas users.

[mirabeau] 03/4/2019 20:25

OriginToday 14:53APRIL 4, 2019
Origin and Santos have a combined market value of $30 billion yet taxpayers are spending $8.4 million to help fast-track development of shale gas projects in the Beetaloo Basin, 600km south of Darwin.

Granted the money is not large given Origin will be spending close to $100m to develop its site, but the question is just why are taxpayers spending money on a shale gas basin which is being canvassed by the big companies that stand to make a fortune from the fields.

No one could dispute the desirability of more gas for the Australian market, and the government argues the money highlighted is really just to do things that government always does on such projects.

Northern Territory Chief Minister Michael Gunner is certainly not complaining because anything that might encourage more private investment in the area is an obvious bonus. In her report on the basin last year, Justice Rachel Pepper said even small-scale developments could create more than 6500 jobs and a $2.8bn economic benefit to the Territory and more than $9bn in benefits for the nation over the next 25 years.

The $8.4m is apparently for environmental baseline work, a feasibility study and an Aboriginal economic strategy to support development of the region.

The project is aimed at helping the local government in identifying and prioritising gas projects.

The study is also aimed to investigate options to support gas flows to Darwin for export or use in downstream gas industries.

The money would also help the Territory meet some of the 135 recommendations from the Pepper report to help launch the basin as a prospective gas field.

Origin first called out the prospect in early 2017 and after the delay caused by the Territory moratorium, it is ready to start further test drills in a couple of months. It had already drilled four wells before the moratorium was imposed by the Gunner government pending the Pepper inquiry.

Origin is working with Irish-based Falcon Oil & Gas on the project and is the most advanced of the majors in the region.

Given the high prices for domestic gas in Australia, the ACCC and the federal government have urged the Victorian and NSW governments to end their moratoriums on exploration.

The money being made available is a sign that the feds will be prepared to step in to help develop new onshore gas production.

The aim is to link the Beetaloo project with the 622km Mount Isa to Tenant Creek Northern gas pipeline, which then connects to the main East Coast grid.

The gas is aimed to be available at around $6 a gigajoule, below the $10 price now quoted.

Origin and Santos are both players in the Gladstone LNG project, which is exporting gas to the Asian market away from domestic industry.

The case for developing more gas is clear; the question is just who should be doing the groundwork given Origin and Falcon will be enjoying the proceeds should its next wells prove successful.

[hermana3] 03/4/2019 19:53

Should be getting drilldates soon!

[letmepass] 03/4/2019 11:46

Good volume. Pick up as many as you can.

[letmepass] 03/4/2019 10:51

Massive potential if anyone believes

[hermana3] 26/3/2019 19:46

So 3 months to go to drilltime here!!!!

[mirabeau] 22/3/2019 09:36

NT drillers poised for fracking
Today 09:30
NT drillers poised for fracking restart

Angela Macdonald-Smith - Mar 22, 2019 — 3.59pm

Ambitions by Origin Energy and Santos to resume on-the-ground exploration of the Northern Territory's vast but uncertain shale resources in the upcoming dry season have taken a leap forward after the NT Parliament passed amendments to petroleum legislation.

The step leaves just a few recommendations from the NT's fracking inquiry of 2017-18 still to be put in place before approvals can be processed for drilling that could prove up a multi-billion dollar gas and oil resource but which is opposed by some environmental and indigenous groups.

'The new regulations will probably be the strictest in the world, but we think we can work with them.'

— Kevin Gallagher, Santos

Implementing the 35 of the total 135 recommendations from the inquiry that were required before exploration could resume has taken a few months longer than the industry was hoping. That means a foreshortened drilling season this year for the two leading companies in NT exploration, potentially getting underway midyear.

"I’m pretty comfortable that everyone is moving as quickly as they can so we can get back on the ground," said Tracey Bowes, Origin's general manager for the Beetaloo gas project in the NT.

Origin's Tracey Boyes is hopeful drilling in the NT can resume about midyear, depending on approvals. Supplied
Related Quotes

"It might be a month or two later than may have been ideally wanted but it hasn’t caused us to make any major changes to our program which is good."

Santos chief executive Kevin Gallagher said the NT government had made "excellent progress" towards the full implementation of the pre-exploration recommendations from the inquiry led by Justice Rachel Pepper.

"The new regulations will probably be the strictest in the world, but we think we can work with them," Mr Gallagher said.

"We are not quite there yet, but Santos remains very hopeful that we will be able to drill two new wells in the Beetaloo this year and conduct hydraulic stimulation to test the Tanumbirini-1 well, which we drilled in 2014."

Work to explore the Beetaloo Basin, described by some as Australia's answer to the most prolific shale regions of the US, was brought to a halt in August 2016 when Michael Gunner's Labor government came to power and slapped a moratorium on fracking pending a scientific inquiry. The temporary ban on the controversial process, which is needed to bring unconventional oil and gas to the surface, was finally lifted in April last year, with the resumption of on-the-ground work pending implementation of the recommendations and approvals.

Origin Energy's Amungee well in the Northern Territory has highlighted the region's vast gas wealth. Peter Eve

Origin and 30 per cent venture partner Falcon Oil & Gas had already found an estimated 6.6 trillion cubic feet of dry gas resources at their Amungee project in the Beetaloo Basin before the moratorium. Now they are planning to drill two wells to test two separate plays about 50-100 kilometres from Amungee that they hope hold gas containing liquids, which would improve project economics.

"What we would really love is for each independent liquids-rich play to work because then you’d have a happy problem which is – which of those plays would you want to go after first as we work toward an economic development," Ms Boyes said.

Developing a liquids-rich gas project could help pay for infrastructure for the overall Beetaloo region, allowing the dry gas also be be brought to market, she added.

While Origin and Santos say the NT's regulations are strict but workable, it remains uncertain whether smaller explorers will be able to cope with the extra demands. Industry sources say that so far, the juniors seem to be holding back, watching carefully to see how the larger players fare.

"The day of the smaller explorers may be coming to an end," one industry source said, pointing to the internal resources needed in community engagement, compliance, regulation and other areas that may be beyond the budgets of juniors.

Mr Gallagher is keen that the momentum towards resuming drilling isn't lost, and underlined the potential benefits to the NT economy.

"The NT economy desperately needs the onshore natural gas industry to go ahead, so with the Pepper Inquiry and 13 other scientific inquiries in Australia [including the Hawke inquiry in the NT in 2014] confirming this can happen safely and without environmental harm, all the stops need to be pulled out to get drilling going this year," he said.

end

[hermana3] 08/3/2019 22:39

In at 18.1p meself so looking forward to not just threading water in next 12 months!!!

[letmepass] 08/3/2019 22:05

Now positive. Its taken a long time to get my average down . Looking forward to the next few months