Falcon Oil & Gas Share Discussion Threads

[panadin] 22/5/2022 12:24

Will be interesting to see the green influence going forward in Oz.......

Australia's new leader, Anthony Albanese has vowed to take the country in a new direction, with a big shift in climate policy.

[davo49er] 21/5/2022 22:24

Labor government just elected, not particularly good news for fossil fuel exploration

[hermana3] 19/5/2022 07:15

All gone quiet here with $8.3m in bank and all to play for.

[hermana3] 13/5/2022 18:38

AGM in 9 weeks time! Hopefully be drilling Beetaloo by then...

[hermana3] 12/5/2022 18:42

A Blue day at last! This momentum stock needs a Beetaloo drilldate toute suite.

[hermana3] 05/5/2022 07:11

Oh,Many thanks. Cenkos quite chipper on recent RNS's and we have Cenkos man Joseph P. Nally in the Chair. A legend in the O&G sector is wee Joe.

[ohisay] 05/5/2022 02:32

Cenkos...

Building On A Successful 2021 – In September 2021, Falcon announced a fivefold increase in the normalised gas flow rate from the Amungee Member B Shale at the Amungee NW-1H well, providing a firm line of sight to achieving initial production rates in the range of 3+MMscf/d per 1,000m lateral from the Amungee Member B shale. Production log data from the Amungee NW-1H well confirmed that 85-95% of production had come from just a 200m horizontal section, equating to a normalised flow rate of 5.2-5.8MMScf/d over a 1,000m horizontal section. These test results significantly exceed the expected commercial threshold of 3.0MMscf/d over a 1,000m section and puts the Beetaloo on a par with other shale gas basins in North America.
 Relevant Technical Experience – Falcon has appointed Tom Layman, a highly experienced petroleum geologist, with significant knowledge of unconventional resources as a NonExecutive Director. The appointment significantly enhances Falcon’s technical experience, with Mr Layman having worked on over 4,000 horizontal and vertical shale and unconventional wells across the US. In particular, we note Mr Layman’s experience at Chesapeake Energy, where he was responsible for exploration in the Marcellus and Barnett basins (amongst others), both of which are geologically similar to the Beetaloo. Mr Layman’s appointment is a major coup for Falcon, with the Company (and Origin Energy) set to benefit from his knowledge as part of the upcoming Stage 3 work programme.
 Record Gas Prices – Australia’s biggest domestic gas supplier and operator of the Darwin LNG facility, Santos sold 13 of its LNG cargoes during Q1/22 at JKM prices – which averaged US$29.3/MMBtu in Q1/22. The strength of natural gas prices in the South East Asia region bodes well for the commercialisation of the Beetaloo, which is just 600km south of the Darwin LNG facilities. Given Falcon’s strategy to monetise its interest in the Beetaloo once commercialisation has been established, we are highly encouraged by the Q1/22 results from some of Falcon’s potential counterparties, with many announcing record revenue and free cash flow.
 Support for Fossil Fuels Key Election Theme – A key theme to the 2022 Australian Federal Election has been the united support for fossil fuels by all the major parties. The coalition has announced or confirmed more than A$870m in funding for fossil fuel developments, with the biggest commitment being the energy and emissions reduction agreement between the federal coalition and the Northern Territory Labor government. The agreement focuses on plans to accelerate gas production in the Beetaloo Basin and increase gas supply from the Northern Territories to Australia’s east coast.

[hermana3] 04/5/2022 20:28

£120m valuation certainly not on the heavy side. Things taking shape nicely and where will be in 2 years time?

[hermana3] 04/5/2022 18:33

Market giving this morning's update a tepid thumbs up. Beggars cant be choosers in this nervy market...

[hermana3] 04/5/2022 07:21

It's full steam ahead for Beetaloo Basin with additional activities included now. Easy to see why Mr.Layman and recent big US investor have come onboard the good ship Falcon. Ahoy there me boyos!

[hermana3] 03/5/2022 07:18

Nice to have Tom Layman onboard with his decades of hands on industry experience. With luck he will dip into the market before long as the share price at Falcon is as cheap as chips.

[hermana3] 28/4/2022 07:07

The usual tight cost control of POQ in evidence once again in today's results. His golden touch with the drillbit will be needed again this Summer of course...

[hermana3] 20/4/2022 18:38

Yes the 3 week share price graph makes for a nice sight. Should be 20p+ of course....

[shanig] 20/4/2022 10:03

Good to see some movement in the right direction.

[hermana3] 08/4/2022 07:09

Shares issued will be 1Bn+ now. The premium of the placing price to the current price says a lot about the state of the market these days. Our salvation thankfully will come in the form of a buyout in next year or two.

[hermana3] 05/4/2022 18:35

Some obviously don't need to be concerned with taxes. I see our friend Vekselberg's "$100m Gin Palace" has been gripped by the US authorities. How did old Baldy Craven become embroiled with such a thieving charlatan?

[the sage] 05/4/2022 16:38

Surprising to see buys today when tomorrow you can buy in a tax free ISA.

[hermana3] 04/4/2022 07:19

Nice piece in Irish edition of Sunday Times. Says market has not yet grasped/validated the significance of Mr.Sheffield's "Buyin" at Falcon and Beetaloo in particular.

[hermana3] 02/4/2022 11:17

Thanks good news indeed. Back to drilling Beetaloo this Summer with luck...

[babysitter] 01/4/2022 18:49

No. $10m is separate.

[hermana3] 01/4/2022 18:37

Ah so US$6m goes to the TOG Group. Leaves US$4m from the placing. Numis likes this deal and so do I.

[the sage] 01/4/2022 08:15

Nice find ohisay. They paid a slight premium which is always good to see and puts their investment on our level. I also like the line which makes Falcon more noticeable to other shale investors. Like I said yesterday, the Far East Majors might now act or miss the boat.

[hermana3] 31/3/2022 22:46

Logan, This is an exploration outfit with no income so near constant fundraising is an essential feature until prospects are proved up and the Company is sold. Endless patience will be rewarded but understandable frustration is also hard to take on the road to riches.