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 Shares Traded Last Trade
  +0.65p +3.59% 18.75p 169,592 15:25:47
Bid Price Offer Price High Price Low Price Open Price
18.50p 19.00p 18.75p 18.25p 18.25p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.01 -2.96 -0.30 172.8

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DateSubject
19/8/2018
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 18.10p.
Falcon Oil has a 4 week average price of 16.88p and a 12 week average price of 15.75p.
The 1 year high share price is 25.95p while the 1 year low share price is currently 14.75p.
There are currently 921,537,517 shares in issue and the average daily traded volume is 76,428 shares. The market capitalisation of Falcon Oil is £172,788,284.44.
31/7/2018
07:26
mirabeau: Last night's offering from Wet Water on the LSE - It's gonna be a wait till next April when drilling restarts but when it does we should see some proper gains, hopefully! ---- Falcon's August Presentation (Mon 22:54) In reference to the just released Falcon Oil & Gas corporate presentation: Lots of information included – some old – some new. Of all the presentation, I found page 18 to be the most informative. When you look at that page, note that the ‘pink’ is the Velkerri shale that is the shale horizon that holds the huge 6.6Tcf contingent reserve discovery. That discover technically covered approximately 12% of the areal extent of the concession. Note that the seismic and test wells lead Falcon to believe that this same Velkerri shale covers about 95% of the total 4.6 million acres – that could lead to huge vast reserves. Likewise note the ‘orange’ on this map – it represents the condensate rich, wet gas Velkerri shale play. This portion of the Velkerri should be much more valuable than the previous Velkerri ‘B’ as the wet gas will demand a much higher price. Of course talking the Velkerri – don’t forget about the Velkerri’s twin and yet to be tested ‘C’ shale. Following the Velkerri pink/orange then look at the green portion of the map – I would guess that to be about a fourth of the 4.6 million acres. That potential acreage is best guess for the Kyalla shale formation. The Kyalla shale has the potential to be far more valuable than the Velkerri orange as it looks to contain even more condensate along with being a much shallower formation. This Kyalla formation could be the possible overall ‘primary’; target of the Beetaloo – overshadowing even the already proven and prolific Velkerri shale. In the area of the green, the Velkerri runs underneath so these two zones could very possibly be considered ‘stacked’; plays with completions in each zone. Last but not least, there is the Hayfield Sandstone shown as the grey hatched area. Not as much is know about the Hayfield but the core samples and drill stem test showed that the Hayfield might potentially be a good oil/condensate play. At some point it will likely be further tested. If the Hayfield lives up to its potential then the its acreage could represent about 12% of the Beetaloo’s aerial extent – that could be exciting as it could become a rich condensate/oil play. All in all this map shows the vast potential held in the Beetaloo. The next two years will attempt to prove up the best potential in these shale formations. It should be an exciting 2 years once drilling re-commences this next April. In the meantime be patient and hold tight – the true value of our Falcon stock will be based on the asset sell price of its 30% ownership in this resource rich concession – Falcon’s value has no correlation with today’s share price of the stock. - M
15/5/2018
14:49
mirabeau: thanks to Petantt over on L-SE :-- --- Petantt Posts: 70 Premium Chat Member Off Topic Opinion: No Opinion Price: 22.15 Davy Stockbrokers view Today 13:53 Beetaloo turns into multi-play asset May 15 2018 | Job Langbroek | 5 page(s) | Print or Download PDF Davy View A technical paper by Origin, the operator, informs us that the Beetaloo Basin in Northern Australia has the potential to be a multi-play asset. At its simplest, greater resource density creates greater value. It will take some time to work through the implications and complete the physical investigations but Falcon shareholders hold a more valuable asset. Multi play/multi targets At the Australian Production and Exploration Association in Adelaide, Origin, the operator of the Beetaloo Basin project in the Northern Territory, presented a paper outlining the fact that four additional potential plays have been established in the basin. It states that the existing dry gas play in the Velkerri shale remains the primary and most technically advanced target. The other four targets include a liquid rich play in the Velkerri itself, two further plays in the Kyalla shale as well as a hybrid formation and, finally, an oil/condensate play in the Hayfield sandstone. Implications The data presented clearly point to a much richer basin with multi-target potential. This has a number of implications. It creates potential material additional value and goes some way to explaining why Origin was very determined to maintain its position in the Beetaloo. It also increases the amount of data gathering and could well change the target modelling of the follow up wells in the basin. In any event, with drilling not likely to commence before next year there is likely to be additional news flow on how the consortium will pursue this new perspective of the basin. For Falcon, with its five well carried interest, the Beetaloo has become a more valuable asset and the range of possible outcomes for the basin has increased. How this is managed will play out over the next couple of years but, for now, the news underpins the fact that at around 22p per share an awful lot of risk is discounted into the share price and the stock looks good value. - A no-brainer if ever there was one
25/4/2018
13:37
loganair: For investors who bought in at around 5p, the share price is already several hundred percent up.
17/4/2018
20:57
hermana3: Decent volume today is precursor to good share price rises.
05/3/2018
20:33
hermana3: Logan,Could be hedging their bets. A bit of a Mexican standoff vis a vis volume and share price here since a week back.....
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.
Falcon Oil share price data is direct from the London Stock Exchange
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