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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Falcon Oil & Gas Ltd. | FOG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.60 | 07:34:23 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.60 | 6.60 | 6.60 | 6.60 | 6.60 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 02/11/2023 17:08 by p@ Why fog has dropped? |
Posted at 03/7/2023 02:27 by ohisay Seen on Hot Copper re Tamboran...Macquarie research note on TBN: Tamboran Resources shares have also been range bound since July last year. The company is the largest acreage holder of the Beetaloo Basin in the NT, with 1.9 million prospective acres and a contingent resource of 1.5 trillion cubic feet. The stock has been under pressure in recent days after raising $53.2 million at 18 cents per share (12.2% discount to pre-raise close). Macquarie noted: “Amungee-2H has been challenging (potentially due to a reservoir skin issue), with an uninhibited gas flow yet to be achieved. Management will be seeking to better understand this completion issue for future wells.” “Agreement with APA on a 500MMscf/d pipeline is positive, in our view.” “We have factored in the dilution from the $71.4mn capital raise. We estimate another $250-280m needs to be raised prior to commercial production; if flow tests strengthen, this becomes far less dilutive.” FOG has some decisions to make next year when the carry runs out .Really important they have some good results from the next two wells... |
Posted at 22/6/2023 03:16 by ohisay Dunno what you are going to talk about Herm.Tamboran still not releasing any Flow rates ! Hard to believe this well spudded on the 10th November. Even on the 16th Feb when the Well stimulation program started POQ said early Q2 for results . A good question to ask is whether the next well will likely take as long .. Of course TAMB need a good result because (unlike FOG*) they absolutely need a capital raise in the next few months (Hence the recent PR I guess). *Although FOG are exposed on cost overruns too -beyond their carry-so cant discount some implications there.?! |
Posted at 20/9/2022 18:13 by loganair Highly unlikely FOG will be able to raise anywhere near enough money to buy out Origin. |
Posted at 20/9/2022 17:57 by hermana3 Could FOG raise this money or is the market dreaming? |
Posted at 19/9/2022 18:48 by mirabeau Falcon Oil & Gas Ltd.(“Falcon&rdquo Origin Energy Announces Divestment of Beetaloo Sub-Basin Interests 19 September 2022 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (“Falcon&rdquo Under the terms of the Joint Operating Agreement entered into with Origin and announced on 2 May 2014 (as amended), Falcon Australia has a right of first refusal which allows it to notify Origin (within 30 days of any proposed change of control) of Falcon’s intention to acquire Origin’s 77.5% interest in the Beetaloo joint venture. The Board is reserving its legal position in respect of those rights. In the event that the Company seeks to exercise its rights under the Joint Operating Agreement, this would be classified as a reverse takeover pursuant to Rule 14 of the AIM Rules for Companies. The Board will now consider the impact of the decision by Origin on Falcon and will then decide what, if any, actions it intends to take. There is no guarantee that the Company will exercise such rights or that any transaction will occur. Further information will be disclosed in due course. Ends. CONTACT DETAILS: Falcon Oil & Gas Ltd. +353 1 676 8702 Philip O'Quigley, CEO +353 87 814 7042 Anne Flynn, CFO +353 1 676 9162 Cenkos Securities plc (NOMAD & Broker) |
Posted at 15/9/2022 04:20 by ohisay Again re metrics ..back in April 2020 FOG reduced its holding in the Beetaloo prospect by 7.5% to 22.5% in return for the Origin carry.-- In consideration of Falcon Australia transferring 7.5% of its PI, Origin will increase the gross cost cap of the work program by A$150.5 million. So if Tamboran are farming into Origins stake for 150m (again!) will be interesting to see how much they are getting . |
Posted at 31/3/2022 07:02 by all in eol 31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP ("Sheffield") for a US$10 million private placement through the issue of 62,500,000 Common Shares ("the Placing Shares") at a price of CAD$0.20 per share ("the Placing"). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon's issued and outstanding Common Shares.Falcon Oil & Gas Australia Limited ("Falcon Australia") has also agreed to grant Sheffield a 2% overriding royalty interest ("ORRI") over Falcon Australia's 22.5% working interest in the Beetaloo Sub-Basin exploration permits in return for a cash payment of US$6 million. The 2% ORRI is being granted to Sheffield calculated on equal economic terms as the existing 3% ORRI with the TOG Group. The cash proceeds of US$6 million will be used to exercise Falcon Australia's call option to reduce the existing ORRI with the TOG group from 3% to 1%, which is expected to take place before 30 April 2022. The assets subject to the ORRI are not currently revenue generating and there are no profits or losses attributable to them. These changes to the ORRI's, will be submitted to the Northern Territory Government, Australia for registration |
Posted at 15/10/2021 22:23 by goodday1 schlemiel, Posts: 10,202, Price: 8.275LSERE: What a day, Today 18:05It will be very interesting to see how FOG reacts when Origin finally reveal the company(ies) that have come on board with the Origin-FOG licences and the nature of the commercial deal. I reckon this monetisation news would have a greater effect on FOG's value than anything else, even flow rates. The market drools at the prospect of monetisation for stranded assets like ours. Let's face it, FOG ain't never gonna have the cash to finance this gargantuan of an asset |
Posted at 06/9/2021 09:23 by phoebus_av Rather than over focus on the chart, try looking at the fundamentals. FOG looks WAY to cheap at £120M market.FOG has net current assets around £7.5M with £142M of free carry on stages 2 and 3 on Beetaloo with rollover to subsequent work if not completely used. CPR indicates 243 MMBOE 2C net recoverable to FOG within Velkerri. FOG licences cover the most prospective core acreage of Beetaloo sub-basin. Much larger than Marcellus and Barnett in US. Last week's test result suggests 5.2 to 5.8 MMSCF/D per 1km section of horizontal in Velkerri which is well above stated commerciality threshold and translates to 2,900 BOE/D per 3km horizontal. This is a significant increase on the 0.8 to 1.2 MMSCF/D flow rates previously reported for the well and the 0.4 to 0.6 MMSCF/D for the Kyalla 117 well. Our majority partner Origin is major partner on Australia Pacific LNG project. Gas pipeline runs right across FOG acreage to LNG facilities on the North Australian coast for export to Asia. Origin has multi-billion market cap. Velkerri 76 S-21 just spudded. The carry alone is the same as the market cap, which means the resource is still valued at effectively zero. Even ignoring cash and carry this is still under 60p per BOE 2C recoverable onshore which seems ridiculous. Dump if you want, go to free carry if you like, but Friday's news was mega and FOG looks like it should re-rate from here based on those excellent fundamentals. |
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