Falcon Oil & Gas Share Discussion Threads

[roughandtumbleone] 08/9/2021 08:10

Chesty.Why have a buy order in... sit and wait and when it turns then buy... haven't you leaner anything in all these years?

[chesty1] 08/9/2021 08:08

Buy order placed @10p let’s see!

[flash crash] 08/9/2021 07:52

Many long-termers know they want out.

[flash crash] 08/9/2021 07:51

Glavey sherlock

when I posted that post on ncyt and was right, it bears doing your detective work, otherwise give up, stick to shelves stacking in Primark.

NYCT went down from 180p to 60p in two days after that post.

[duck_and_dive] 08/9/2021 07:49

stop losses at 10p to be tested yes or no?

[hermana3] 08/9/2021 07:08

Was never in AEX for the record.

[glavey] 08/9/2021 07:07

Whilst you reflect on that Flash, maybe other readers will enjoy your first ADVFN post premonition:

Flash Crash - 19 Feb 2020 - 21:51:37 - 2098 of 61026 COVID-19 - NCYT
K

"It's going down the swanny tomorrow fast . France ain't in control anyone, you know the froggies they are dropping their weapons and running the opposite direction.

6m warrants exercise at 5p is ridiculous. I suppose opening price 100p or 90p. MMS cut many tomorrow morning."

Flash Crash


I'm not overly familiar with NCYT myself and perhaps other readers aren't either so perhaps you would care to update us as to what happened there?

[glavey] 08/9/2021 06:46

"I, myself, bought at 9.7p but sold yesterday at 12.5p."

So you just occasioned on this when you noticed the share price was rising and decided to have a quick punt following in the shoes of those you seek to complain about, which, having 'got lucky' you dumped equally quickly, so now you are an expert on the company and its activities which you have now chosen to pontificate here as boast and bluster. That's about right, isn't it?

[mr hangman] 07/9/2021 20:51

If any long term holders are still here, there is a filter button, use it

[cantrememberthis2] 07/9/2021 20:29

Fog did alright todayMeanwhileHTTPS://mobile.twitter.com/DVH_Phoenix/status/1435166445407805440

[flash crash] 07/9/2021 20:18

Hermana is the guy who's been in aex for 20 years, big-time loser...............

You know the flash crash is coming, they know they should have sold but now realising about five years to wait for the next spike.

[hermana3] 07/9/2021 19:32

Beetaloo is now a serious Gas play and Origin are well qualified to exploit it. Have Falcon any wothwhile news to come in South Africa?

[mirabeau] 07/9/2021 19:21

Managed to get access to this paid for article from AMS at the AFR -

-----------

Beetaloo well results rev up the bulls

Angela Macdonald-Smith - Senior resources writer

Sep 6, 2021 – 4.45pm

Bullish results from Origin Energy’s controversial exploration in the remote Northern Territory have doubled the share price of its junior partner and set pulses racing among those hopeful that Australia can experience its version of the United States’ “shale gale”.

Gas flowed in a production test at the Amungee well in the Beetaloo Basin at a rate that “provides line of sight to the commercialisation” of the venture, according to Philip O’Quigley, CEO of Falcon Oil & Gas, whose shares surged 104 per cent in London on Friday.

Multiple shale gas exploration wells are being worked on in the remote Beetaloo Basin in the Northern Territory. Peter Eve

Origin took a typically more conservative line but its general manager for the Beetaloo, Chris White, said that if the result can be reproduced on a larger scale, it indicates the “dry” gas play in the Velkerri shale targeted at the well “may be in line with commercial shale plays around the world, based on normalised production rates”.



The Beetaloo region has seen a significant increase in activity this year, supported by the federal and NT governments, as explorers including Santos, target potentially massive volumes of gas that could beef up energy security on the east coast as well as provide gas for export through Darwin or Gladstone.

But it remains hugely contentious amid opposition among environmental groups and some traditional owners because of the risk of water contamination and the climate impact from new gas development.

It also comes as market sentiment toward oil and gas stocks sours, despite relatively robust commodity prices, amid heightened awareness of ESG (environmental, social and governance) concerns, among other issues.

Origin shares were down 0.7 per cent in mid-afternoon trading on Monday in a generally soft oil and gas sector, although AGL Energy, its peer on the electricity supply side, was slightly higher.

Junior Tamboran Resources, the latest pure-play Beetaloo exploration stock on the ASX, was up more than 7 per cent at 26¢ but still well off the 40¢ issue price in its $61 million initial public offer in July. Explorer Empire Energy, which is also focused on the NT, was up almost 11 per cent at the same time.

“Bankers don’t want to be investing in old dying industries, they want to be investing in new industries,” said economist Rob Henderson of his alma mater
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Analysts examining the Amungee results focused on the companies’ calculation – based on the result from a 200-metre section of the horizontal well – that the “normalised” gas flow rate was between 5.2 million and 5.8 million cubic feet per day per 1000 metres.

Mr O’Quigley referred to a recent analyst report that suggested gas flows of more than 3 million cubic feet per day from a 1000-metre horizontal well were required for the Beetaloo to be commercial

“Not only does this test result significantly exceed these parameters and significantly increase our assessment of the Velkerri dry gas play, but it also puts the Beetaloo on a par with other shale gas basins in North America,” he said

Wood Mackenzie analyst Shaun Brady was more guarded, describing the early results as showing “some promise” and putting them “around the middle of the pack” compared to wells in mature US plays such as the Marcellus near the east coast.

“But the challenges of monetising the Beetaloo cannot be understated,” Mr Brady said.

“Huge investment is required to build the infrastructure, establish the supply chains, and achieve the scale needed to bring this gas to market commercially.”

He said that “best-in-class” well performance would therefore be essential.

“The issues encountered in achieving production over the full length of the lateral means further appraisal is needed to prove the potential of the Velkerri and demonstrate that this outcome can be repeated or improved,” Mr Brady added.

An earlier production test at the Amungee well underpins the 2017 estimate that the field holds about 6.6 trillion cubic feet of gas resources. The latest test was a follow-up, with Origin and Falcon yet to decide on the next move, likely to take place next year after the wet season.

The duo is also drilling at the Velkerri well nearby and is due to run a test at their Kyalla well, targeting a different shale formation. Meanwhile Santos and Tamboran are working at the Tanumbirini well, and Empire is due to test its Carpentaria-1 vertical well late this month.

Consultancy EnergyQuest said the “unprecedented” level of activity in the area “should be enough to finally answer the big question about commerciality”.

“The NT moratorium, COVID-19 and various project issues took a five-year bite out of efforts to open up the Beetaloo, but 2021 will be year we should get some answers,” EnergyQuest said.

Under the plan for the NT shale industry, the NT and Commonwealth governments require that any gas development results in no net increase in carbon emissions.

end

[hermana3] 07/9/2021 19:03

Thec aint used to such traffic! Bet he needs a wee daily siesta....

[bmwman3] 07/9/2021 19:00

Filter this fool ladies and gents with his 5p target SPIV

[bmwman3] 07/9/2021 18:56

Took a lovely profit out of MXC and now back in at 2.70 and a nice profit already from FOGL and re entered last thing this afternoon YOU KNOW NOTHING

[hermana3] 07/9/2021 18:51

We are now officially in price volatility country. Makes a change lol.

[mug punter eradicator] 07/9/2021 17:56

Perhaps you should hang around with your expert mates who are down by -50% or more and at some point -70% or -80%.

FC has some questions, what's capex? how much cash? how to convert gas to revenue and profit?

[mr hangman] 07/9/2021 17:52

Dear me, I sometimes wish we had not got that RNS last FridayThere some total fools turning up

[flash crash] 07/9/2021 17:47

That mong was ramping ICON, RMC.............. Countless of total failures every week, most probably a boiler room paid troll on five pence per post.