Falcon Oil & Gas Investors - FOG

Falcon Oil & Gas Investors - FOG

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Stock Name Stock Symbol Market Stock Type
Falcon Oil & Gas Ltd. FOG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.60 -7.19% 7.75 15:43:35
Open Price Low Price High Price Close Price Previous Close
8.35 7.75 8.35 8.35
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Posted at 14/9/2022 19:15 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.' https://www.afr.com/street-talk/tamboran-resources-looms-large-at-origin-energy-s-beetaloo-basin-20220908-p5bgdq
Posted at 11/8/2022 06:15 by babysitter
Posted at 22/7/2022 12:07 by ohisay
Posted at 04/5/2022 07:21 by hermana3
It's full steam ahead for Beetaloo Basin with additional activities included now. Easy to see why Mr.Layman and recent big US investor have come onboard the good ship Falcon. Ahoy there me boyos!
Posted at 01/4/2022 08:15 by the sage
Nice find ohisay. They paid a slight premium which is always good to see and puts their investment on our level. I also like the line which makes Falcon more noticeable to other shale investors. Like I said yesterday, the Far East Majors might now act or miss the boat.
Posted at 31/3/2022 07:53 by hermana3
Major league validation from a very reputable US investor augurs well.
Posted at 23/11/2021 01:14 by ohisay
Posted at 07/9/2021 09:18 by ohisay
Seeking Alpha article from last year. https://seekingalpha.com/article/4340780-falcon-oil-and-gas-nearing-resolution-in-australia Furthermore, look at the location of this asset. Australia has a huge energy supply shortage coming which definitely acted as a tailwind when deciding whether the Northern Territory fracking moratorium was going to be lifted. Although new laws and regulations came into force, the moratorium was finally lifted in April of 2018. Due to the coronavirus pandemic and the collapse of crude oil prices, Falcon shares were delivered a "One-Two Punch" which collapsed the share price to $0.07 per share in recent weeks. Although many equity markets have somewhat recovered over the past month, the price of crude oil, for example, is a mere $10 a barrel at the time of writing. Being a micro-cap stock, there are risks which investors should be aware of. The first risk with these companies is a lack of funding which many times mean the micro-cap can run out of time. As we have mentioned above though, Origin's recent $150 million investment puts this risk to bed which is a big positive. In fact, the more pertinent question here is why Origin (in a time of major upheaval in energy markets) has decided to front up that extra cash. Furthermore, due to the low volume in this stock, we do not advise short-term trading in here. The play here is to buy shares at close to the current market price as possible and hold until stage 3 comes to completion. In the recent farm-out to Origin, there was no share dilution, which makes a buy and hold investment perfectly feasible at this moment in time. We have consistently stated that position sizing is the best way to control risk on any given trade or investment. Yes, investors will bemoan the fact that there is no paying dividend with Falcon and no in-depth financial reporting. This, though, is what you get with micro-caps. In fact, many times, the more detailed information one has at his or her disposal on a firm at any given time, the more accurately the market prices the company. This means limited upside compared to the micro-cap which the market believes has too many "unknowns" to accurately put a valuation on. Therefore, to sum up, Falcon Oil & Gas is presently trading at $0.08 per share. What investors need to ask themselves here is whether they really believe the company is worth half of what it was just 7 short weeks ago. Yes, Falcon is a penny stock, and risk is always high when dealing with unconventional assets. However, given the price of the stock and the potential of the project, we maintain that the risk/reward play remains compelling. And remember Origin bought out Sasoils 35% share ...
Posted at 05/9/2021 07:18 by h2owater
The Times Article Falcon price gushes after find Investor bulletin boards can be a cruel place. Just last month, a frustrated Falcon Oil and Gas shareholder posted a barb that the company “couldn’t find gas in a Mexican restaurant”. Well, somebody is choking on their refried beans now. On Friday, Falcon shares doubled on the news that its partner, Origin, had indeed found gas at its Amungee well in the Beetaloo basin in Australia’s Northern Territory. Drill results suggest a normalised gas flow rate between 5.2 million and 5.8 million cubic feet of gas a day. Recently analysts speculated gas flows greater than three million cubic feet per day were needed to commercialise Beetaloo. The stock price was a gusher. The share has a big Irish following, largely because Falcon is what John Craven did after he sold Cove Energy to PTT, Thailand’s national energy company, for $1.9 billion (€1.6 billion). Cove made a lot of Irish retail investors a lot of money. While Craven stood down as its chairman some years back, there is still a lot of messiah money in Falcon. As exploration stocks go, its geology has been rock solid. Its geopolitics have been a little more tricky. Falcon is fracking for gas in lands that were owned by indigenous Australians. A moratorium followed by inquiry followed by a pandemic starved investors of news flow and the share price has drifted badly. Even after last Friday’s jump, it is a way off the 35p price target of stockbroker Cenkos. On Friday, Philip O’Quigley, Falcon’s chief executive, said that the results put Beetaloo on “a par with other shale gas basins in North America”. Santos, an Australian oil company, is drilling next to Amungee. If it validates the results, then Falcon will be one step closer to the promised land.
Posted at 04/9/2021 12:26 by h2owater
Quality post on LSE from Hydrogen:hydrogen Premium MemberPosts: 6,888Price: 10.05No OpinionPrice next week doesn't matter...Today 10:55Most investors are badly underwater here. 10p -15p is great entry point for the Velkerri B shale.A catalogue of historical complexities and political curved balls, have been circumnavigated or overcome during the past 4 year to get to this point including; a 2 year Scientific fracking Moratorium decision overturned and then disruption caused by Elections and tight covid-19 restrictions (due to specific Indigenous pop risks in the Northern Territory). We've all held FOG this long for a reason... It's a stock with multi-multi bag potential. And I can assure you all LTH wont be selling out at 15p or 20p, for some paltry 50% gain... (15p would be a loss to most lol).Many held this share for well over 10 years. We've watched it climb to the high 20s patiently waiting for the $250m free carry appraisal drilling campaign to be fully undertaken.Make no mistake, this development is of national and international significance. Posters on here are sophisticated investors who understand the scale, geology and believe in the science.Imagine a tenement the size of Wales: with 10s ( if not 100s ) of frack spreads, drilling 'spider web like' 3km (or longer) horizontal wells in all directions... through 900m vertical thickness of Vellkerri B reservoir rock - 3 x thicker than the prodigious Marcellus and Barnet shales of USA. Each horizontal 3km frack has capacity to produce 2500 BOE/day every day for 18+ months (?) , from every level throughout 900m vertical thick horizon. Multiple producing stages feed producing wells simultaneously. Around 6 Trillion Cubic Feet of recoverable gas around every single well head. Inferred to be at least 200TCF in the basin (Dr David Close World expert's research suggests 494 TCF)... The Velkerri play is proven across the basin, hosted in unusually old, stable rock. The Velkerri dry gas genesis and lithology is laterally pervasive: From North to South and East-West. For 100-200km in every direction. Technically esteemed posters - there are many on here, with significant Fracking or geology experience - will furnish details on the how and why. Put questions forward if you have them.The scale and potential of FOG's Beetaloo asset is quite difficult to comprehend. A 50 bagger (from 5-10p) is not out of the question, but will require some success areas like the Kyalla condensate/wet horizon, (currently being tested). The Amungee updated flow test result is wonderful news... it mirrors or exceeds recent fantastic results from other Velkerri vertical frack wells; achieved by neighbours Tamboran Resources, Santos and Empire Energy 150km to the East. The implications of yesterday's news are truly epic. Press will follow. Funds and industrial investors will now be taking notice. Any question of commerciality is fully resolved. The significance of which cannot be understated.
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