Falcon Oil & Gas Share Discussion Threads

[mr hangman] 06/9/2021 09:45

Wellcome aboard Chesty

[chesty1] 06/9/2021 09:44

Bid+ask on the move up matey

[kevinroe] 06/9/2021 09:44

How's it looking solid exactly

[chesty1] 06/9/2021 09:43

I have just picked up a few just below 14p...I wasn't trying to talk it down just noticed they dropped the bid big time! Looking solid at the mo let's see where it plays out before adding again.

Be lucky to all

[billthebank] 06/9/2021 09:43

Do you have a buy price Kevin.Just researching at pres.Either here or top up my COPL holding

[kevinroe] 06/9/2021 09:41

Could be the placing shares being forward soldWhen mms have placing shares and big sellers they will help them by pumping the price up to offload these shares Seen it time and time again

[mr hangman] 06/9/2021 09:40

Thanks for your insight PhoebusAs the norm with these things, you get lots of posters turningUp who really have not got a clue what they are talking about,Some of them I doubt could find Australia in a atlasI first invested in this over 12 years ago, and have been buying all the way down, with the potential here, I'm certainly looking for more then 37p in the coming 2-3 years

[bmwman3] 06/9/2021 09:34

Your first in the queue

[chesty1] 06/9/2021 09:34

Kevinroe reckon 14p is the bottom matey! Buyers picking it up! Not long but watching very closely!

[kevinroe] 06/9/2021 09:33

Mms are lining up more fools

[g2theary] 06/9/2021 09:33

KEV ITS BLOWING TO 20p you muppet ???

[kevinroe] 06/9/2021 09:33

Look let's see

[g2theary] 06/9/2021 09:33

Close it KEV your little bottom is going to get sore ?????????

[g2theary] 06/9/2021 09:31

Kev ... this spike is going higher than the fist!!!

[bmwman3] 06/9/2021 09:31

Shut up you idiot

[g2theary] 06/9/2021 09:29

Price of Gas is soaring and this share already has a cult following not to mention them results on Friday :) 100p will be on the cards 2021/22 ?????????

[kevinroe] 06/9/2021 09:29

But people quoting things like 20p are crazy why not 30p then let's ramp like crazy people

[g2theary] 06/9/2021 09:26

Obviously profit taking why wouldn't you! I bought 3 batches at 8:01-8:02 sold 2 with profit holding other for free... sat on a load from 8.6p & 10.4p Friday ... news so good... will be buying back and trading on this dip to take Kev's cheap short profit :)

[kevinroe] 06/9/2021 09:26

Oh dear AmrishThose quoting 20p are deluded

[phoebus_av] 06/9/2021 09:23

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.

[kevinroe] 06/9/2021 09:21

Mms have done you lot up like kippers