Falcon Oil & Gas Share Discussion Threads

[falia] 20/2/2017 09:20

GUYS GET INTO MAFL , RESULTS VERY SOON, GOING UP

[miahkaysor] 20/2/2017 08:24

Blue finish today!!!!

[glavey] 20/2/2017 04:18

"commmon sense and the stockmarket.....???? When have the two gone together?"

The market, quite often. ;-)

[apfindley] 19/2/2017 19:02

Looking healthy here at falcon.£140mill mkt cap with a large gas find and 30% ish interest. Compare to BPC which is just £19mill cap with a huge potential oil asset of 13billion ooip barrels. Just need a farmin partner and to drill. Could be huge.

[thecynical1] 19/2/2017 10:18

Glavey....commmon sense and the stockmarket.....???? When have the two gone together? 😎

[smraynot] 19/2/2017 10:03

Mammoth Monday Momentous me thinks!!

[glavey] 19/2/2017 04:12

"It'll be interesting to see what Monday brings!"

Common sense perhaps?

[frost1] 18/2/2017 22:03

How many tcf of gas do fog have?

[thecynical1] 18/2/2017 17:20

It'll be interesting to see what Monday brings!

[falia] 17/2/2017 15:15

MAFL GUYS DIGGING REULTS LEAK , FLYING

[monet] 17/2/2017 14:40

some big buys today

11:34:48 15.19 210,000 OK 14.50 15.00

[mhin2] 17/2/2017 12:04

canadians could be trading in london...surely they will pl;ay catch up, or it might be announcement time

[monet] 17/2/2017 12:01

Roll on 2:30 when Canadian Market open

[mhin2] 17/2/2017 11:49

anybody got any thoughts on whether there is order filling taking place?

[arc en ciel] 17/2/2017 11:18

Falcon's share price was 16.5p back in 2013 when the extraordinary potential of the Beetaloo basin was first apparent to John Craven and the Falcon team at that time. I also remember reading glowing assessments of the exploration prospects by North American writers despite the rights being held by this little Irish company.

With the withdrawal of the original farm-out partner Hess in July 2013 and the inspired introduction of new joint partners Origin and Sasol in August 2014, the share price has subsequently fluctuated up and down with the prospects for drilling and the initial drilling results successes themselves.

Despite the substantial gains in the last 48 hours, today the share price has only returned to its 2013 price. Arguably this is the 'rightful' level at this stage. The very positive first proofs of the in-ground value just announced are offset by the negative of the moratorium.

If the independent panel sees fit to eliminate the restrictions or even slacken the terms of the moratorium, another run up in the price will be due. Meantime the sheer value in Falcon's 30% ownership has been dramatically exposed to the entire "oil" world and should underpin the price going forward.

[shanig] 17/2/2017 11:16

Not for you then.

[lw425] 17/2/2017 10:49

Significant negative factors include the lifting of the Northern Territory moratorium on hydraulic fracture stimulation, the limited number of wells on the Company's acreage, lack of a developed service sector providing uncertainty regarding estimates of capital and operating costs, developing hydrocarbon regulations and environmental legislation and the requirement to obtain social acceptability for oil and gas operations.

Currently this project is based on a conceptual study. The economic status is undetermined at this time.

[shanig] 17/2/2017 10:08

Lw425Guess it's not for you then. It's called risk and reward and it's very much one of those plays. Vast resource and timescale of moratorium looking much shorter than feared. Huge risk, potentially huge reward. Not everyone's cup of tea I appreciate.

[loganair] 17/2/2017 09:59

WH Ireland said: "In our opinion, the scale of the resource is much greater than we had anticipated..."

Scribes at broker WH Ireland are upbeat on Falcon Oil & Gas's announcement, which encouragingly points to what lies beneath its acreage in the Northern Territory’s Beetaloo Basin.

"In our opinion, the scale of the resource is much greater than we had anticipated even if we knew the licence position was massive," said analyst Brendan Long, who also highlighted that the resource assessment was focused on just one single shale horizon.

Long believes that sort of scale attracts capital and the resource is "clearly strategically significant for energy importing countries.

"It would move the dial even for big LNG importers," he says.

He adds that the domestic gas shortage crisis is Australia also creates an interesting backdrop.

"We believe that having 2C estimates would have been an excellent result at the end of the two-phase drilling program, to be there around the half-way mark suggests the asset quality is increasingly obvious."

[loganair] 17/2/2017 09:55

I understand the request to stop drilling, is to stop the drilling to test what is exactly down there.

I nearly pressed the Sell button this morning, patience, I am an Investor and not a Trader or Speculator, who holds on for high returns in the long run.

[lw425] 17/2/2017 09:45

Markets never cease to amaze.

Can't drill due to fracking ban

Even if they get the all clear later this year next one probably wouldn't be until May 2018 due to the enforced winter monsoon break.

If fracking ban holds up then company is worth not much at all. South Africa. Yawn

Yet punters pile in

[henley2] 17/2/2017 09:29

In simplistic terms, they've found a huge amount of gas, which isn't going anywhere.
The politicians will come under huge pressure to lift their fracking moratorium or modify it in some way. Elections might eventually do the job for us. For those with a long term time horizon (3-5 years) this is a BUY, 50% downside vs 5 bagger!

[loganair] 17/2/2017 09:21

Devonlad - It is only a request by Falcon´s partner to stop the drilling. I think drilling will carry-on as Origin are contractually obliged too.

[devonlad] 17/2/2017 09:07

Logan, I hope they do but the mcap is a bit pricey for a company that can't drill. Massively frustrating because it has so many positives, no loonies to blow up your pipes, great country etc etc but if they can't drill, they can't drill!

[loganair] 17/2/2017 09:03

In my personal opinion the oil and gas reserves are so large that some sort of a deal will be hammered out with the NT government.

Falcon have always said that they do not intend to take Beetaloo into production. Once the reserves are proven then Falcon intend to sell their 30% stake which the analysts reckon will be worth between 30p and 40p per share.