Falcon is funded to commence drilling of the initial two wells in the program and will evaluate opportunities to support funding the remaining capital commitments to reach first production, including issuance of equity and/or debt, evaluation of pre-payment for gas from the proposed pilot project and potential farm-down opportunities.
JV is targeting first gas in the first half of 2026, according to Falcon Oil. |
Brent tipping over $90 today. This share still well under the radar as Beetaloo road to development is comparable to the Road to Damascus... |
Logan, John Craven is an old man with Parkinsons now so may not be watching things here closely. Philip probably wants a salary for a bit longer so selling not an option for a while yet... |
Their were no offers for Falcon, what I'm saying is they would have been far better of to have put themselves up for sale at the same time the other small company sold out of the Beetaloo. |
It all looked so promising a month or so back. The wait goes on. |
Good set of results at Shenendoah should calm the market. Never a dull moment here... |
Not aware of any offers but our founder the legendary John Craven made a fortune for himself and all the holders when he put Cove up for sale a few years back. |
It seems to me, Falcon would have done far better a couple of year ago to have sold out completely for say 40p per share. |
Tamboran will bring Beetaloo in but the timescale remains in the distance and we have less skin in the game. |
At one time had huge potential. A few years back analysts were saying Falcon Oil Beetaloo is worth 250p with the South African side of things 35p per share. |
Oh,Well done on calling the market right. Philip and the BOD seem to have lost their nerve and why is the mystery to me. |
Zombie stock for a couple of years IMV..not great news for LTH's .
Sold out this morning FWIW, |
Not expected for sure. Market reaction hard to predict. Derisking is never a bad idea imho in this risky business.. |
POQ has some questions to answer ...especially after his last investor briefing just 3 weeks ago where he suggested they would be into the next few wells at their existing 22% shareholding *.
Looks to me like the White Flag /long term For Sale sign has gone up early.
Full Risk Off in the so called shale sweet spot .
Very odd unless of course they cant get the funding away.
Market wont like it for sure.
* 19 mins in in the last Investor Meet briefing |
A long term project for sure. Just as well we have a good committed partner in
Tamboran and its flamboyant CEO. |
Must watch chat from two Australian fund managers about the East Coast gas/energy market. TBN gets a mention. Still a long way to go but it has been "noticed" ... 1.05.01 mins in $15 and more gas coming and supply constraints a big issue https://youtu.be/EvD9maMqUOE?si=tR3kpym84UUMZTcc |
Could certainly use some income here. |
I remember last year, Falcon saying that they would start selling some of the gas from their test wells, especially when on a protracted test - what ever happened to this? |
Is the market expecting an imminent fundraising? |
As lively as a hermit's party here! Wee Phil must not have shone much in his wee presentation last week. |
They appear to have been sated for a while in anyways! Did anyone listen to de musings of Chairman Philip? |
One would have thought that weak holders profit tackers would be done by now |
Glavey, This share would test a saint! |
Oversold yesterday looking for a decent bounce back today |
Cheer up, things could be worse... |
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