Share Name Share Symbol Market Type Share ISIN Share Description
Falcon Oil LSE:FOG London Ordinary Share CA3060711015 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 22.625p 22.50p 22.75p 22.625p 22.625p 22.625p 207,769 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.0 -0.3 - 208.50

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Trade Time Trade Price Trade Size Trade Value Trade Type
2017-09-19 16:15:0022.75175,79739,993.82OK
2017-09-19 12:52:5422.514,9001,102.99O
2017-09-19 10:30:1822.6510,7502,434.88O
2017-09-19 09:40:5222.518,9072,004.97O
2017-09-19 09:04:0022.6516737.83O
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Falcon Oil (FOG) Top Chat Posts

DateSubject
19/9/2017
09:20
Falcon Oil Daily Update: Falcon Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FOG. The last closing price for Falcon Oil was 22.63p.
Falcon Oil has a 4 week average price of 22.63p and a 12 week average price of 18.38p.
The 1 year high share price is 29.88p while the 1 year low share price is currently 4.13p.
There are currently 921,537,517 shares in issue and the average daily traded volume is 106,908 shares. The market capitalisation of Falcon Oil is £208,497,863.22.
26/7/2017
10:51
loganair: Will Falcon Oil & Gas Get The Go-Ahead? I like recent action of Falcon oil and gas here and believe more upside momentum is in the cards. Although the current share price is hovering around the $0.29 level, the stock actually dipped back to $0.20 a share on Tuesday last due to the release of an interim report with respect to the current fracking moratorium in Australia. When the report was initially released, we saw selling really come to the fore which was surprising to say the least. Why? Because there was nothing in the report that suggested the final report (which is due later this year) would state that fracking in the Northern Territory would remain permanently on hold. In fact, Falcon's drilling partner Origin Energy (which has already bought out its former partner Sasol Limited in a clear statement of intent) has since come out and welcomed the preliminary report by stating that the balance in the report was fair. This looks encouraging going forward. If the report were slanted heavily towards the risks of fracking as an extraction technique, investors would think otherwise about the progress of activity in the Beetaloo Basin. However Origin's comments definitely steadied the ship which certainly aided in stopping the aggressive selling of shares this week. As a result, shares now look that they will surpass $0.30 any day now. So here's the deal for interested investors going forward. Falcon's share price has spiked since February (from around $0.07 per share) due to what could end up being a large unconventional discovery in the Northern Territory. Although extensive further tests must be done, Origin for example has stated that it believes the area known as "Middle Velkerri B" indicates almost 500 trillion cubic feet of gas. Now this is a big number and is only being currently indicated in one shale - the Middle Velkerri B shale. However a further 2 shales have been identified within the Middle Velkerri, plus the Kyalla shale still has no numbers associated with it. Therefore if we only consider a very low estimate (with respect to recovery rates from the Middle Velkerri B shale), we still are only talking about one shale play. This is the first metric to be optimistic about. Secondly the domestic Australian gas market doesn't look all that healthy with shortages expected over the next decade. This is why I believe it would take a brave government to keep the fracking ban going indefinitely in the Northern Territory. Australia is a huge net gas exporter so it is definitely incongruous to see that its domestic market could potentially run out of gas (especially in parts of East Australia such as Sydney) over the next 10 years. Furthermore Origin's experience in fracking in this part of the world should help the argument move forward in that the company has actually redesigned its technology to ensure no aquifer contamination underneath the surface when undergoing fracking. Moreover when one puts the environmental arguments to the side, drilling in the Northern Territory would create far more jobs than jobs that would potentially be lost. Roads and infrastructure would have to be built and Australia's energy problem would be history. Investors should note that Falcon's shares have rallied aggressively since February of this year even with the moratorium in place since last September. This should mean that there is still plenty of upside here if this ban gets lifted. 6 months should tell a lot here. Ultimately it will come down to recovery rates. How much gas can they get out is the question but they are definitely starting from a large base. In investing we get paid to predict the future. Personally I would say there is a better than 50/50 chance the fracking ban gets lifted. Considering the size of the asset in question here, investors could do worse than being long Falcon before this final report comes to light. Our premium portfolio has been long this stock for quite a while now and latest developments would prompt me to lean on the side of doubling down (on any more steep pullbacks) instead of holding or selling our stake.
03/4/2017
10:55
loganair: If or more likely when the moratorium on fracking by the NT Government is lifted I can see Falccn´s share price suddenly doubling from where it sits now.
20/2/2017
19:09
jlondon: "SMALL CAP SHARE IDEAS: Falcon Oil and Gas soared 170% in a week after a discovery Down Under."-This is Money, Mon 20 Feb 2017 www.thisismoney.co.uk/money/investing/article-4242262/SMALL-CAP-IDEAS-Falcon-shares-soar-170-week.html Highlights: "Numbers involved are mind boggling. The analysts that follow Falcon,were, frankly, stunned by the numbers. ..but the numbers used in the Origin statement focus on 1 gas bearing zone.There are,however, two or possibly even three gas bearing shales that could be economic." "WH Ireland:In our opinion the scale of the resource is much greater than we had anticipated..we believe SCALE attracts CAPITAL..the resource is clearly strategically significant for energy importing countries. It would move the dial even for big LNG importers." "However,the scale of the Origin discovery is likely to crystalise the thinking of the law makers of Northern Territory. There are positives too-and a scenario under which the numbers quoted UNDER-ESTIMATE the scale of the discovery." "The downside as stated above, is the inquiry currently taking place into hydraulic fracturing. The plan is to publish an issues paper by the END of the month followed by an interim read out mid-year and a final report of the end of 2017." "On Mon, the share price was MARKING TIME at 15p. Now this is POCKET LINT for a BIG INTERNATIONAL CO looking to replenish its gas reserves." Note: Please check. If link does not work, please enter title into search engine.
17/2/2017
11:18
arc en ciel: Falcon's share price was 16.5p back in 2013 when the extraordinary potential of the Beetaloo basin was first apparent to John Craven and the Falcon team at that time. I also remember reading glowing assessments of the exploration prospects by North American writers despite the rights being held by this little Irish company. With the withdrawal of the original farm-out partner Hess in July 2013 and the inspired introduction of new joint partners Origin and Sasol in August 2014, the share price has subsequently fluctuated up and down with the prospects for drilling and the initial drilling results successes themselves. Despite the substantial gains in the last 48 hours, today the share price has only returned to its 2013 price. Arguably this is the 'rightful' level at this stage. The very positive first proofs of the in-ground value just announced are offset by the negative of the moratorium. If the independent panel sees fit to eliminate the restrictions or even slacken the terms of the moratorium, another run up in the price will be due. Meantime the sheer value in Falcon's 30% ownership has been dramatically exposed to the entire "oil" world and should underpin the price going forward.
17/2/2017
08:42
loganair: Falcon Oil soars 50% after report by Aussie partner points to huge gas potential of its licences: “In any world that is still an uber discovery and is from a small piece of our acreage,” Falcon’s chief executive Philip O’Quigley told Proactive Investors. “This is fantastic news and probably the biggest news for the company ever.” On Wednesday, citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet (TCF). Converting that to oil equivalent, it stacks up to 82bn barrels of the black stuff. This breakthrough has seen the Falcon share price rise some 95%. Here, we feature questions and answers that provide valuable insights to the project, and what investors can expect in the coming months. Falcon - Beetaloo discovery Q&A: Q: Wednesday’s press release was in two parts, can you tell us more about that? A: The first part of our press release talks about the Discovery Report that was submitted to the Northern Territory Government, which was a requirement following the declaration of a discovery in October 2016. The second part talks about the contingent resource numbers that Origin announced. Q: Who prepared the Discovery Report? A: The Discovery Report was prepared by the operator, Origin Energy Resources Limited on behalf of the Beetaloo Joint Venture. Q: Why was the Discovery Report prepared and to whom was it submitted? A: The Report was prepared in accordance with the requirements of Section 64 of the Northern Territory Petroleum Act (2016) and submitted to the NT Department of Primary Industry and Resources (DPIR). It follows the Declaration of a Discovery submitted to the DPIR on the 7th October 2016. Q: What are the key findings in the Discovery Report? A: The most significant part of the Report is the estimated Original Gas in Place (OGIP). Origin calculated a gross best estimate for OGIP of 496 TCF over an area of over 16,000 km2. Q What work has Origin based the OGIP estimate on? A: The JV drilled three vertical wells and one horizontal well over the past couple of years. In addition, we carried out a hydraulic fracture stimulation on the horizontal well and then completed a 57day extended production test. All the data from this drilling and production and testing program together with the previously acquired 1,000’s of km’s of seismic was used in determining the OGIP number. Q: So this basically covers everything Falcon owns in the Beetaloo A: Not at all. This OGIP number is based solely on the B shale within the middle Velkerri formation. That is the shale formation that we carried out the extended production test on last year. However, within the Middle Velkerri we have also identified an “A” and “C” shale. And then there is the real potential of the Kyalla shale which has yet to be tested. Q: Just how big is the project? 16,000 square kilometres sounds like a very large area. A: It is equivalent to almost 4 million acres. Wales measures around 5m acres. Leinster is about 4.9m acres – so it’s a pretty big area alright. Q: And just how big a project would 496 trillion cubic feet really be? A: While the OGIP is a big number and has a BOE equivalent of 82 billion barrels of oil, we should look at what we think is technically recoverable. Origin has taken a conservative view and has taken into account subsurface and surface utilisation factors to come up with a best estimate recovery factor of 16%. Q: So that is still a pretty big number, in terms of a technically recoverable resource? A: Yes, it certainly is. It works out to be around 85 TCF. Q: It seems that Origin has gone further than the OGIP in the Discovery Report and has indicated a contingent gas resource A: Yes, Origin’s own press release indicates 6.6 trillion cubic feet of gross contingent gas resources, around an area of just 1,968 square kilometres. This is a very exciting development to be able to advance some of our resource categorisation to a contingent resource. Q: The 6.6 TCF is just around 1,968 square kilometres - how was this area calculated? A: This is just the area surrounding and adjacent to the Amungee NW-1H well – the well that we flow tested late last year for 57 days. Q: Is it possible to extrapolate that number over the entire permit area of 16,000 square kilometre area? A: It’s a bit too early to do that and we need a lot more wells drilled and extended production tests. But based on the very encouraging results we got from the Beetaloo W-1 well 85km south of the Amungee well it is exciting. Q: How does the Beetaloo compare to other shale plays, particularly in the US? A: In Origin’s opinion and as set out in their own press release as one of the basis for determining a discovery the Marcellus and Barnett Shales in the USA are analogous, commercially productive fields that are similar to the Middle Velkerri B Shale reservoir. Q: Remind us of the ownership structure, how much of the project does Falcon own? A: Falcon farmed out 70% of this project to Origin and Sasol back in 2014 in exchange for them carrying Falcon through approximately $200m of capex. Falcon still own 30% through our 98.1% Australian subsidiary. Q: There’s currently a moratorium on hydraulic fracturing in the Northern Territory - what is the latest news on this? A: The moratorium on hydraulic fracturing was introduced by the NT Government on 14 September 2016. Since then an independent Panel has been established to conduct an independent inquiry and report back to the Government. They plan on publishing an “Issues Paper” before the end of February and then publish an interim report by the mid 2017 with a final report by the end of the year. Q: Do you think that this discovery will influence the outcome of the moratorium? A: The Independent panel has to look at all the issues such as the potential impact on the environment but also the potential economic impact. This Discovery Report together with Origin’s contingent resource estimate will hopefully provide insight into the potential positive impact this unconventional resource may have on the economy of the NT and on Australia. Q: What are the future plans for the joint venture? Will there be more drilling in 2017? A: Pending the outcome of the moratorium currently in place, Origin has requested a suspension of all drilling operations with the DPIR and await their formal response to the request.
12/8/2016
10:17
prettybullish: Has anybody seen any analysis on what a positive result from the drilling could mean for the share price? Looking at the valuation of companies like Sound Energy....could this be a multi-bagger if positive?
04/3/2016
09:49
loganair: Falcon Oil & Gas - Reward Outweighs Current Risk: Summary: Excellent gas shows in the Beetaloo have resulted in an acceleration of the drilling program. Falcon has over $10 million in the bank and no debt. It is being fully carried across the nine-well drilling program. If the asset is commercially viable, it lines up with similar shale plays in the US such as the Barnett and the Bakken. 2016 should end up being a defining year for Falcon and particularly its Beetaloo basin asset. Shareholders will do extremely well if the asset is commercially viable because the resources and acreage compare very well with the US shale assets such as the Bakken and the Barnett. Once we get fracking and testing wells out of the way (which should happen in 2016), we will know for sure what type of an asset we are dealing with here. Falcon's objective is to sell the asset. It does not want to take this asset into production, which would indicate why there could be a substantial move in the share price if a sale does indeed take place in the next 12 to 24 months. At the moment, the stock is trading at $0.08 a share, which gives the company a market cap of $68 million (never been lower). It presently has over $10 million in the bank and is being fully carried across the nine-well drilling program in Australia. Now here is how it differentiates from producing companies, which minimizes the risk in my opinion, especially when you consider where the share price is at the moment. 1. The company has no debt. It doesn't need to go into debt to keep its capex budgets elevated or return cash to shareholders. Asset evaluation has all been done currently off the back of its partners. 2. Falcon has no production. All upstream companies or integrated companies with upstream divisions are hemorrhaging cash at the moment. Falcon doesn't have this problem. 3. No funding requirements mean the company won't have to dilute the float for the foreseeable future, which is crucial for penny stock investors. Furthermore, with respect to the Beetaloo basin and its 4.6 million acres, the recoverable resources are actually bigger than some of the major shale plays in the US. Studies have shown that there is a 21 billion barrel oil equivalent potential and 162 "TCFG" (trillion cubic feet of gas). Nevertheless, getting all this energy above ground in a commercial way is another task in itself. Producing unconventional plays normally have 4% to 5% total organic carbon (TOC) (Beetaloo has 4%). Average shale thickness also is a predetermined requisite where usually 30 meters is the minimum for unconventional plays. Well, the Beetaloo passes initial results here once again with ample thickness throughout the asset. Over the last 24 months this stock has more or less followed oil down since the summer of 2014 with the exception of a spike in the share price last May that didn't materialize into anything. The reward definitely outweighs the risk here in my opinion.
02/3/2016
14:43
themadstork: There will be a rise nonetheless as people anticipate activity after 6 months of quiet. Also, you seem to have changed your mind re FOG rather quickly: heaven above - 11 Feb 2016 - 12:50:43 - 384 of 403 Current share price is odd. Surely some big players/ VC's will be looking at Falcon at the moment? Offer at 10p would give the buyer. The Beetaloo/Karoo net acreage of 3.2m acres at about US$50 an acre. A$143M free carry on Beetaloo drilling until 2018 10M in cash. 80m in seismic data already invested. Near term 2016 value creation, new drills, multi stage fracking. Origin and Sasol as major committed partners. Medium term upside in South Africa Karoo Basin with 1.9m acres net to Falcon. The free carry drilling on the Beetaloo alone is worth 7p a share for anyone in the industry interested. So essentially a buyer now gets a free punt on 1.3m acres at $50 an acre multiplying by a factor of blue sky 20 or 100 times. Recoverable estimates are for 21 BBO and 162 TCGF in Falcon's Beetaloo acreage. If I were a VC/mid cap/major player I'd be looking at Falcon now.
27/2/2016
10:27
heaven above: people will always need oil before they need gas it only takes a slight warming to put people off using gas as heating i've not had my heating on all year in the uk and not felt cold i dont think fracking a bit of gas later this year and burning it off will help the share price. the field needs billions spent on it to commericalise it 2015 acerage deals near the beetaloo were less than $15 an acre, the jv partners paid about $56 a acre when the oil price was $100 now i bet any deal per acre would be less than $10 that would value falcons net acerage in aust at about 7m, less than 1p a share with billion of dollars needed to commercialize it my target here is 0.5p
02/12/2015
20:05
loganair: Time To Swoop? By Harvey Jones Last time I looked at Falcon Oil & Gas (LSE: FOG) I thought it was more promising than most oil explorers after its recent drilling success in the Beetaloo Basin, Australia. Its nine-well programme runs until 2018 and last week it reported encouraging preliminary results from the drilling of the first three Australian wells, which indicated “favourable shale properties with excellent gas shows indicating the likelihood of high levels of gas saturations”. Falcon is debt-free, with $9.8m in cash. Chief executive Philip O’Quigley has also highlighted the company’s “strong cash position, fully funded drilling programme and high quality assets”, which bodes well for 2016. The oil industry may be in a fog, but Falcon’s future is clearer than most. That said, the share price is down 32% in the last six months, so plenty of risks remain.
Falcon Oil share price data is direct from the London Stock Exchange
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