Falcon Oil & Gas Share Discussion Threads

[loganair] 23/4/2024 07:44

Just 2 years behind schedule as Falcon said 18 months ago that in 2024 the first pilot well start producing an income stream.

"subject to securing funding" - seems Falcon will need to do another Fund raising round, most probably same time next near in 2025.

[hermana3] 23/4/2024 06:08

Good news at last! Production in 2 years time hopefully...

[hermana3] 22/4/2024 17:35

POQ should have no problem answering such a question. His involvement in the fund raise would have helped the cause here no doubt.

[jimboyce] 22/4/2024 07:19

A direct question should be put to POQ as to why he did not participate in the fund raise. The share price after the recent drilling results was 13p, and is now sadly half that.

The question should be put to him at the upcoming AGM. However I get the feeling that these meetings are stage managed with only questions they want to answer getting asked.

[shanig] 22/4/2024 07:17

At least we will know the result of the game by Q1 2025.

[loganair] 22/4/2024 07:10

A few years ago, Falcon said they had no intention of taking their percentage of the licence into production, that they would sell out before hand.

It seems to me Falcon CEO became starry eyed and greed took over, that the company could become a major player in the game with a multi billion pound market cap.

[hermana3] 22/4/2024 06:56

Agree that they have one more shot at firming up Beetaloo and then flogging their remaining stake in it...

[shanig] 22/4/2024 06:52

I just get the feeling that this is Falcons final roll of the dice.

[hermana3] 22/4/2024 06:42

POQ aint much on getting any "skin in the game"! Prefers soft options and leaves the current offering to Sheffield and Layman. Phil is supremely risk averse...

[ohisay] 22/4/2024 06:33

I notice he POQ didnt subscribe for any in the fundraising ..cheap? as they were ..
H'mmm.

[loganair] 18/4/2024 19:05

I recall 18 months to 2 years ago Falcon CEO said they had sufficient funds to cover the test wells and for these test wells to sell the gas produced to provide a small income stream.

[hermana3] 18/4/2024 17:41

Market not one bit keen on de plaice! Nature of the beast when drilling with nil income...

[glavey] 18/4/2024 12:44

Plaice and chips for lunch! A little water in the wine.

[hermana3] 12/4/2024 17:59

AGM at The Conrad Hilton! When will we become rich like them Hiltons???

[hermana3] 10/4/2024 17:33

Volume on the tepid side today!!! Can one buy a single share???

[loganair] 05/4/2024 07:38

Running later then the company reported only some 18 months ago, when they said that the pilot wells would start producing salable test gas in 2024, now talking about first half 2026.

[hermana3] 05/4/2024 06:18

Here's hoping that target is met!!

[loganair] 04/4/2024 19:36

Falcon is funded to commence drilling of the initial two wells in the program and will evaluate opportunities to support funding the remaining capital commitments to reach first production, including issuance of equity and/or debt, evaluation of pre-payment for gas from the proposed pilot project and potential farm-down opportunities.



JV is targeting first gas in the first half of 2026, according to Falcon Oil.

[hermana3] 04/4/2024 19:26

Brent tipping over $90 today. This share still well under the radar as Beetaloo road to development is comparable to the Road to Damascus...

[hermana3] 26/3/2024 18:16

Logan, John Craven is an old man with Parkinsons now so may not be watching things here closely. Philip probably wants a salary for a bit longer so selling not an option for a while yet...

[loganair] 26/3/2024 13:05

Their were no offers for Falcon, what I'm saying is they would have been far better of to have put themselves up for sale at the same time the other small company sold out of the Beetaloo.

[shanig] 26/3/2024 12:23

It all looked so promising a month or so back. The wait goes on.

[hermana3] 26/3/2024 07:06

Good set of results at Shenendoah should calm the market. Never a dull moment here...

[hermana3] 25/3/2024 21:23

Not aware of any offers but our founder the legendary John Craven made a fortune for himself and all the holders when he put Cove up for sale a few years back.