Falcon Oil & Gas Share Discussion Threads

[amrishbhim] 06/9/2021 08:49

I don't think so, broker targets are at 37p, I'm not making the figure up buddy

[sos100] 06/9/2021 08:48

there are broker targets of over 30p so maybe 20-25p ?

[easwarareddy] 06/9/2021 08:47

Too late to get in?

[amrishbhim] 06/9/2021 08:47

Why would there do that? No reason too, the news is coming good, you should be pleased if you have invested in these

[kevinroe] 06/9/2021 08:45

Mms willPull the rug

[kevinroe] 06/9/2021 08:45

Dnt get trapped

[g2theary] 06/9/2021 08:45

20p incoming :)

[amrishbhim] 06/9/2021 08:43

L2 very extremely good, this could do a x 1.5 as to last Friday

[ohisay] 06/9/2021 08:39

Much too early to think about taking any profits ..its still undervalued.

[sos100] 06/9/2021 08:34

Hermana - credit to you but don't forget to take some profits :)

[genierub] 06/9/2021 08:33

Can't wait until canada opens their market. The boards are full of sentiment.

[s34icknote] 06/9/2021 08:12

Think we will see the dips bought into !!

[genierub] 06/9/2021 08:04

Thats a big update from the Canadians. CAD market will boom on open.

[amrishbhim] 06/9/2021 07:24

This is very good news, another great news like Friday RNS. LSE and CAD market will keep it blue most of the week. Thanks for this finding news

[h2owater] 06/9/2021 07:15

6 SEPTEMBER 2021

Positive results in Beetaloo Basin well testing

Positive results from extended production testing at the Amungee NW-1 well in the Northern Territory’s Beetaloo Basin have increased Origin’s understanding of the Velkerri dry gas play.

Average gas rates of 1.23 million cubic feet per day (1.23 MMscf/d) have been observed over the first three weeks of production testing, however importantly the majority of these flows came from only a portion of the well.

Specialist diagnostic equipment has been used to determine the extent to which these observed gas flows come from different fracture stimulation stages before or beyond a certain point in the well that was thought to be restricting the flow of gas across the full production zone. Between 5%-15% of gas flow are coming from the stages beyond this point with the majority of flows measured, between 85%-95%, coming from the first 200m section of the well.

The result from this section, which has been independently verified, can now reasonably be considered to represent the deliverability that could be achieved across the full production zone of this and further wells drilled and fracture stimulated in the same Velkerri shale formation.

It suggests a normalised gas flow rate equivalent of between 5.2 and 5.8 million cubic feet per day (MMscf/d) per 1,000m of lateral. A typical future production well may have a lateral production section up to 3,000m long.

Origin General Manager Beetaloo and Growth Assets, Mr Chris White, said, “This is a positive result that supports the decision to undertake a second extended production test at the Amungee well as part of this year’s work program.

“These results significantly increase our assessment of potential deliverability and commerciality of future wells in this area.

“While further work will be required in coming years to determine if the result can be reproduced on a larger scale, this result indicates the Velkerri dry gas play may be in line with commercial shale plays around the world, based on normalised production rates,” Mr White said.

The extended production test at Amungee is continuing.

[mr hangman] 05/9/2021 12:41

As pointed out on other sites, there does still seem to be a massive value gap, I'm sure that will narrow in the coming weeks

[mirabeau] 05/9/2021 08:10

cheers mate, appreciated

[h2owater] 05/9/2021 07:18

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.

[mirabeau] 05/9/2021 06:41

Maybe someone with access can post up?Today 06:41



It's paid for content but I can see referencs to Beetaloo and some comments about a bulletin board poster posting 'barbed comments' about the company...

[shanig] 04/9/2021 19:11

The potential here has always been massive which is why I have held onto my FOG stash for bloody years. Hopefully the patience a lot have demonstrated is starting to look like it will pay off. Not there yet but getting there.

[mirabeau] 04/9/2021 17:42

obmuj

I'm not absolutely certain but I think he has around 1.5m. I could be wrong though

Search on Google for 'Falcon Oil and Gas, Director dealing' or something akin to that

plus options to exercise at 8p expiry in 2026 - so there's director stakes

[h2owater] 04/9/2021 17:31

Mug punter in the filter!