Falcon Oil & Gas Share Discussion Threads

[hermana3] 23/11/2021 07:31

Thanks, Oh. Good news indeed.

[hermana3] 19/11/2021 18:48

And a nice wee 2.55% rise today on paltry volume. Santos to report flowtests by year end....

[hermana3] 19/11/2021 18:48

And a nice wee 2.55% rise today on paltry volume. Santos to report flowtests by year end....

[chesty1] 19/11/2021 08:42

Yep and we have money in the bank to get is through to when we get taken out!!! Bring it on I can wait

[the sage] 19/11/2021 08:29

The end of the year is six weeks today. Santos have stated that their flow test results will be ready by then. Now that could be a nice Christmas present. ?

[hermana3] 19/11/2021 07:58

Chesty we lucky Phil runs a tight ship and has the legendary John Craven in his camp too.

[chesty1] 19/11/2021 07:54

Good morning hermena and all foggers

Yeah money in the bank before buyout no placing required!

Have a great day folks

[hermana3] 19/11/2021 07:33

Ah chesty we all know you like a good wee bit of banter at breakfast time!!! US $9.4m in bank end September is alright indeed...

[chesty1] 18/11/2021 08:59

Good job nobody is asking you then hermena

[chesty1] 17/11/2021 15:23

Kid CYAN gone again after being held.....be quick it's gonna ggoooooooooo!

Can buy n sell @8p here! FOR NOW!!!!

[hermana3] 16/11/2021 22:44

Beetaloo is a massive Gas play and buyers will swoop down on it in years to come...

[chesty1] 16/11/2021 09:02

Looking solid @8p & looking to build, trend is picking up folks imho.

[hermana3] 16/11/2021 07:17

.....An Acceleration of Activity c.70km to the east of the Velkerri 76 well, Empire Energy has spudded the Carpentaria-2H well, targeting the same Amungee B member shale unit. The vertical section of the well is being drilled to a depth of c1,800m (vs 2,129m at the Velkerri 76 well), before a 1,000m lateral is targeted within the most prospective shale target. The entire drilling program is expected to take c.45 days from spud to drill rig release. The well will then be re-entered, stimulated and flow-tested in Q2/22, following the wet season. Success at the Carpentaria-2H well will have direct implications for Falcon, given the regional continuity and uniformity of the Velkerri formation across the Beetaloo Sub-basin. ◼ Near Term Catalyst c.100km to the east of Falcon/Origin Amungee NW-1H discovery, Santos and Tamboran Resources have completed the drilling of the Tanumbirini-3H horizontal well to a depth of 4,857m, with the horizonal section intersecting over 1,000m of Mid-Velkerri B shale. Consistent with the Tanumbirini-2H well, the Tanumbirini-3H well encountered significant gas shows. Both the T2H and T3H wells will now be re-entered, fracture stimulated, and flow tested with initial results expected by the end of 2021

[ohisay] 16/11/2021 02:05

.....An Acceleration of Activity c.70km to the east of the Velkerri 76 well, Empire Energy has spudded the Carpentaria-2H well, targeting the same Amungee B member shale unit. The vertical section of the well is being drilled to a depth of c1,800m (vs 2,129m at the Velkerri 76 well), before a 1,000m lateral is targeted within the most prospective shale target. The entire drilling program is expected to take c.45 days from spud to drill rig release. The well will then be re-entered, stimulated and flow-tested in Q2/22, following the wet season. Success at the Carpentaria-2H well will have direct implications for Falcon, given the regional continuity and uniformity of the Velkerri formation across the Beetaloo Sub-basin. ◼ Near Term Catalyst c.100km to the east of Falcon/Origin Amungee NW-1H discovery, Santos and Tamboran Resources have completed the drilling of the Tanumbirini-3H horizontal well to a depth of 4,857m, with the horizonal section intersecting over 1,000m of Mid-Velkerri B shale. Consistent with the Tanumbirini-2H well, the Tanumbirini-3H well encountered significant gas shows. Both the T2H and T3H wells will now be re-entered, fracture stimulated, and flow tested with initial results expected by the end of 2021.

[hermana3] 15/11/2021 18:39

Cenkos have a note out today. Does anybody possess a link to it per chance?

[the sage] 15/11/2021 13:27

Could you post a link to the Cenkos note mate?

[ohisay] 15/11/2021 12:30

My basic feeling is if you are buying sub 10p its like putting money in the bank .Whatever happens FOG wont be sold for under 100£m.And thats (100£m) an absolute minimum.
See the Cenkos note today..

[chesty1] 15/11/2021 09:38

Morning all

Gone blue thru 8p again, walk it up!

Kid my other tip is on the move AGAIN bud!

[hermana3] 15/11/2021 07:40

Not the RNS we are waiting on! AGM was a bore...

[hermana3] 12/11/2021 20:20

Thanks Mira. Both the T2H and T3H wells will now be re-entered, fracture stimulated, and flow tested with initial results expected by the end of 2021. So a vital few weeks coming up with plenty of share price stimulus on the cards....

[mirabeau] 12/11/2021 19:52

Falcon Oil & Gas Ltd

A World Class Gas Shale Play

Petrophysical interpretation of the Velkerri-76 vertical appraisal well has
further confirmed the Amungee B shale’s potential as a “world class”
shale gas play – comparable with the most commercially successful gas
shale plays in North America. Analysis of the Velkerri-76 well has also
confirmed the Amungee B shale is within the wet gas maturity window
and contains good LPG yields and high heating gas value. Near-term focus
will now turn to the flow testing of two 1,000m horizontal wells at the
neighbouring Santos-operated blocks before the end of 2021, with any
success having direct positive implications for Falcon. BUY.

◼ A World Class Gas Shale Play Preliminary interpretation of the wireline logs has
confirmed the world-class potential of the Amungee B shale at the Velkerri 76
location, with total organic carbon, porosity and saturation data comparable with
the U.S. commercial shale plays.

◼ Total Organic Carbon is a measure of the concentration of organic material in
source rocks as represented by the weight percent of organic carbon. Values of
2% are considered the minimum for shale gas reservoirs. The results from the
Velkerri 76 well (4.3%) compare favourably with the major North American
producing shales such as the Marcellus (4.0%), Barnett (3.7%), Fayetteville (3.7%)
and Eagle Ford (2.8%).

◼ Total Porosity is the percentage of pore volume or void space that can contain
hydrocarbons. A higher porosity means more space to hold gas and liquids and
aid flow rates. The results from the Velkerri 76 well (7.7%) compare favourably
with the North American producing shales: Marcellus (6.2%), Barnett (5.0%),
Fayetteville (6.2%) and Eagle Ford (6.5%).

◼ Mud Gas Composition Data Mud-gas composition indicates that the well has
encountered gas shows with relatively high C2 and C3 components, suggesting
that the Amungee B shale is within the wet gas maturity window and contains
good LPG yields and high heating gas value.

Fundamental to the value proposition is the depth to shale, with the key being the optimum depth window that balances reservoir deliverability and costs. The deeper the target the greater the development costs, however a greater depth usually means greater well deliverability and resource density. As a result of the extensive work programme and the five wells drilled to date, Falcon has amassed a large suite of technical information, providing the Company with all the data and the optionality needed to establish the optimal location from which to prove the commercialisation of the Beetaloo.

Further analysis of the core acquired during the drilling of the Velkerri-76 well will now be analysed to confirm the preliminary interpretation, with the results due over the coming months.

◼ An Acceleration of Activity c.70km to the east of the Velkerri 76 well, Empire Energy has spudded the Carpentaria-2H well, targeting the same Amungee B member shale unit. The vertical section of the well is being drilled to a depth of c1,800m (vs 2,129m at the Velkerri 76 well), before a 1,000m lateral is targeted within the most prospective shale target. The entire drilling program is expected to take c.45 days from spud to drill rig release. The well will then be re-entered, stimulated and flow-tested in Q2/22, following the wet season. Success at the Carpentaria-2H well will have direct implications for Falcon, given the regional continuity and uniformity of the Velkerri formation across the Beetaloo Sub-basin.

◼ Near Term Catalyst c.100km to the east of Falcon/Origin Amungee NW-1H discovery, Santos and Tamboran Resources have completed the drilling of the Tanumbirini-3H horizontal well to a depth of 4,857m, with the horizonal section intersecting over 1,000m of Mid-Velkerri B shale. Consistent with the Tanumbirini-2H well, the Tanumbirini-3H well encountered significant gas shows. Both the T2H and T3H wells will now be re-entered, fracture stimulated, and flow tested with initial results expected by the end of 2021.

The aim of the drilling programme is to establish commercial flow rates from the Velkerri dry gas play – the same play where Origin/Falcon discovered 6.6Tcf of gross contingent 2C resources as a result of the successful Amungee NW-1H well 2016 extended production test (EPT). The 6.6Tcf of 2C resources only covers an area of 1,968km2, immediately surrounding the Amungee NW-1H well, with any success by Santos/Tamboran likely to extend the Velkerri B shale dry gas play fairway to the east.

◼ A Pathway to Production Empire Energy and APA Group have executed an MoU to explore opportunities for the development of Beetaloo mid-stream infrastructure including gas and liquids gathering, processing and pipelines – paving the way for first production from the Beetaloo.

APA and Empire will also promote a common infrastructure approach model for the development of the Beetaloo basin infrastructure to drive economies of scale benefits and lower cost per unit charges.

The MoU envisages two potential strategies; a Northern Strategy to service the expected increase in LNG demand from South East Asia and an Eastern Strategy to help address predicted future shortfalls in both domestic market and LNG export capacity at Gladstone.

The Empire/APA MoU follows the MoU signed between Tamboran Resources and Jemena in November 2020, whereby Jemena plans to invest over A$5bn to increase the capacity of the Northern Gas Pipeline, whilst also working to extend the Northern Gas Pipeline from the Northern Territory’s Beetaloo Basin to the Wallumbilla Gas Hub in Queensland.

Cenkos

[kirkuk] 12/11/2021 19:26

The AGM started at 4pm...in Dublin. It's Friday night. They wont
be sober until Tuesday!

[hermana3] 12/11/2021 19:10

Good news from Velkerri but nowt from AGM...Anybody hear anything?