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FOG Falcon Oil & Gas Ltd.

7.50
0.00 (0.00%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Falcon Oil & Gas Investors - FOG

Falcon Oil & Gas Investors - FOG

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% 7.50 13:17:25
Open Price Low Price High Price Close Price Previous Close
7.55 7.50 7.55 7.50 7.50
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 03/9/2024 10:06 by loganair
The company reckons these efforts will “expand awareness of the company among US-based investors and potentially provide the company with additional sources of capital".

The wells are (broadly) similar to North America’s vast onshore shale, where horizontal drilling and fracking is required to unlock resources over large areas.
Posted at 19/6/2024 20:12 by hermana3
Oh, Many thanks for posting Investor Meet link. Will be interesting to see how Tamboran IPO goes. Feel a wee bit more hopeful about next 2 years now after viewing the presentation but endless patience is required as always.
Posted at 19/6/2024 10:42 by loganair
Key thing going forward - Talking about promoting Falcon on the U.S. market (listing in the U.S. in addition to the LSE & TSX), following on from Tamboran U.S. listing.

No dividends, even in the medium term, rather investors making money from share price appreciation.

Build, Discovery, Sell Falcon off - maybe in the future, not today, not tomorrow.

The need to raise money hurts Falcon share price. Next Capital raise maybe via a Rights Issue, all Falcon share holders can take part.

Take over of Falcon difficult as no real major share holder to talk to. Only two share holders above 3% share holding, Lamesa - 14.16% & Sheffield - 10.49%.
Posted at 11/6/2024 17:47 by hermana3
Phil making himself available to investors post AGM this day week. This is gone right dead of late so hope he can help with a revival.
Posted at 26/2/2024 12:04 by mirabeau
Tamboran records better-than-expected fracking results at Beetaloo

Some of the world’s biggest gas producers may look to the Northern Territory for their next big project after better-than-expected results from fracking in the Beetaloo Basin confirmed the commerciality of the resource, according to Tamboran Resources CEO Joel Riddle.

Mr Riddle said the results of the Shenandoah South well were good enough to fast-track a pilot project at the site, some 500 kilometres south-east of Darwin, with the aim of delivering gas to buyers in early 2026, depending on financing and approvals.

“The industry has really been waiting for this moment where we could see a commercial flow rate,” Mr Riddle said, pointing to the Beetaloo resource as one of the largest undeveloped gas resources in the world.

He added the limited development of large gas reserves in the United States, combined with the Biden administration’s recent pause on export approvals placed Tamboran’s project in a position to draw interest from potential partners in the next 18 months.

“We think this has all the ingredients to provide a lot of interesting strategic opportunities for the company to consider in the months and years ahead,” Mr Riddle said.

But the junior explorer faces an uphill task to secure the environmental approvals it needs and proceed into development amid staunch opposition from green groups and others due to the impact on emissions and worries about damage to land and water.

Tamboran, which switched its primary stock listing to the US last year amid lacklustre interest from domestic investors, has already fended off three legal challenges.

While Tamboran has a target to be net-zero emissions for direct emissions as soon as it starts commercial production of gas, the Environment Centre of NT said Australia’s greenhouse gas emissions could rise by up to 22 per cent if Beetaloo gas was developed.

NT Chief Minister Eva Lawler said the results “paint a prosperous picture for the Territory as we strive towards a $40 billion economy” based on its energy resources.

But that drew condemnation from activist group Central Australian Frack Free Alliance, which said it was “very worrying” to see Ms Lawler openly supporting the fracking plans when it should be impartially assessing whether the project should be approved.

Tamboran raised its estimate of 2C gas resources in the Beetaloo Basin to 2.1 trillion cubic feet after a successful production test over 30 days at Shenandoah South.

It raised its estimate for 1C resources, a more certain category but which still does not qualify as “reserves”, by 33 billion cubic feet to 284 bcf. The estimates have been certified by Netherland, Sewell & Associates. Six more wells are due to be drilled over 18 months.

“If we are successful in drilling those wells then some of the biggest companies in the world who are looking for their next growth project will definitely be interested in what we are doing here in the Beetaloo,” Mr Riddle said on a conference call.

Gas flowed in the well test at a normalised rate of 6.4 million cubic feet per day, more than 20 per cent more than expectations and at the highest rate ever recorded in the Beetaloo.

The company is targeting a final investment decision this year on the pilot plant, which would supply 40 million cubic feet a day of gas. A second phase would involve production of up to 1 billion cubic feet a day to the east coast, and involve the construction of a new pipeline. The focus would then switch to supplying a proposed LNG export project in the Northern Territory, targeted at 6.6 million tonnes a year.

Tamboran’s Australian-listed securities initially rose as much as 11 per cent but closed down 13.3 per cent at 19.5ยข.
Posted at 17/7/2023 03:01 by ohisay
Short of money again ..

Tamboran Resources is undertaking a $5 million SPP which closes later this month (July 27) to provide shareholders the opportunity to increase their holdings at the same 18-cent price as investors in the recently completed $53.2 million Placement. As part of that raise, Texan billionaire and third generation oil and gas investor, Bryan Sheffield, upped his stake by another $14.7 million to more than 15 per cent of Tamboran Resources.

“Our largest shareholder, shale entrepreneur Bryan Sheffield is well known in the US, having founded his own oil and gas company, Parsley Energy, which sold to Pioneer Natural Resources for more than US$8 billion,” Mr Riddle said.

“There are also a few additional long-term view, US-based, energy specialist funds that took part and they’re all the right kind of shareholders that Tamboran really needs – they represent a lot of smart money – these investors understand global gas markets.

“This really is a vote of confidence in the Beetaloo Basin’s resource and Tamboran’s potential.”

The funds will be used for further drilling at Tamboran’s Shenandoah South and Amungee well sites within the Beetaloo Basin.

“We are fully focused on delivering commercial flow rates from the Shenandoah South and Amungee areas,” Mr Riddle said.

“De-risking of these two areas provides us with optionality for initial production via mini-LNG as early as 2024, and the proposed pilot development will target first production by the end of 2025.”
Posted at 16/2/2023 21:16 by hermana3
If it sounds too good to be true it is because it is. Currency trading can be a "season in hell" for most investors indeed.
Posted at 14/10/2022 11:39 by mr hangman
Investors voting with their feet, by the looks of things
Posted at 06/10/2022 08:04 by mr hangman
One would imagine, after 12 years most investors are bored with this endless nonsense, with no end game in sight
Posted at 14/9/2022 18:15 by mirabeau
'Gas junior Tamboran Resources is seeking to join Origin Energy in the big leagues with a deal to buy into its potentially huge assets in Northern Territory’s Beetaloo Basin.

Street Talk understands Tamboran’s been in talks with brokers and investors about a $150 million funding package, with proceeds used to buy into Origin’s Beetaloo.'