Falcon Oil & Gas Share Discussion Threads

[hermana3] 19/1/2018 19:00

Would be less rigorous in President Trump's country!

[arc en ciel] 19/1/2018 15:34

Be careful, though. The main scientific inquiry still has a schedule of engagement with the populace of Northern Territories to complete over the next month or so.

This involves 5 Public Hearings, 5 main centre Community Forums and 12 Regional Community Forums in smaller population centres. At each one the public is invited to attend and comment.

The schedule is here:

[hermana3] 19/1/2018 12:07

Good news at last!

[mattc1] 19/1/2018 11:02

Release of the Social Impact Report and recommendations. Looks positive, again risks can be mitigated providing 11 recommendations are followed around education in non conventional gas extraction, interaction with aboriginal communities, fair distribution of wealth/benefits plus others... Good stuff

[hermana3] 19/1/2018 10:39

Is there anybody out there watching this one? Slightly busier than normal this morning

[hermana3] 05/1/2018 19:32

Hope Origin are lobbying hard on ban lifting. Wee Phil will be hitting the ground hard too..

[dgarvey] 12/12/2017 08:40

Final report in March after further consultations so still a waiting game. Still requires the political will and support to change NT,s objections to fracking- but some progress at last.

[yellowdog] 12/12/2017 07:28

Stand by for take off!!!

[mirabeau] 12/12/2017 05:20

Draft report out -

''The overall conclusion of the Report is that risk is inherent in all development and that an onshore shale gas industry is no exception. However, if the recommendations made in this draft Report are adopted and implemented in full, those risks may be mitigated or reduced - and in many cases eliminated altogether - to acceptable levels having regard to the totality of the evidence.''

-

YIPPEE!!!! let's get drilling!!

[arc en ciel] 05/12/2017 14:13

The usual answer, John. More shares have been bought today than have been sold.....

Of course, one has learnt not to trust ADVFN's feed which often shows buys as sells or vice versa and we must also be mindful that the shares are traded on the Canadian market which opens at about this time.

Additionally, all markets, especially for energy shares where the future is more uncertain than ever, are currently more volatile than usual. Today's jump is only a small single-digit movement for Falcon shares.

[johnwall] 05/12/2017 13:02

Anyone know why this has risen sharply? A quick Google hasn't revealed any news

[loganair] 27/11/2017 19:24

Review into proposals to frack vast shale resources in the Beetaloo basin is presently underway, in the meantime Falcon said it has adopted strict cost management.

The company has told investors it ended the three months to September 30 with a strong financial position – it is debt free and had US$9.4mln of cash.

As the AIM-quoted shale group continues to await the outcome of a government commissioned review into fracking in Australia’s Northern Territory the company continues to adopt strict cost management.

It is now expected that a draft final report will be published in mid-December.

Amid the operational hiatus, Falcon’s general and admin expenses decreased by 6% quarter on quarter to US$1.48mln.

[loganair] 08/11/2017 13:06

More on why the NT fracking report is being delayed....

The final report into hydraulic fracturing in the Northern Territory has been delayed by three months, after an Indigenous community in the resource-rich Beetaloo Basin was "pushed" to consider the benefits of fracking during a community consultation.

In August, residents in the remote community of Elliot, 700km south of Darwin, recorded a consultation session in which they were repeatedly asked to consider asking for new houses, a cattle station, cultural centre and supermarket.

In the recording, a senior consultant told residents to consider the benefits because the industry was "not going away".

In response, the fracking inquiry expressed its "utmost dismay and concern" at the "unacceptable conduct" of the Northern Territory-based consultancy firm, Cross Cultural Consultants (CCC).

A statement from the head of the inquiry, Justice Rachel Pepper, said that as a result of the incident, a section of the social impact assessment would be re-done by a new organisation, Indigenous Agreement Solutions (IAS).

Ms Pepper said that as result of the appointment, the final report could not be published until March 2018.

Under the new consultations, head contractor Coffey Services Australia and new consultancy firm IAS will attend all of the communities CCC had previously consulted directly with, including Katherine, Mataranka, Daly Waters, Elliott, Newcastle Waters, Tennant Creek, Borroloola, Robinson River, Ngukurr and Minyerri.

IAS will begin preparatory meetings in these communities at the end of November, with community consultation as part of the social impact assessment starting in December.

Who are the contactors?

The fracking inquiry hired Coffey, a geotechnical engineering firm, to conduct its social impact assessment.

Coffey engaged consultancy firm CCC to go out to communities and talk about the fracking inquiry.

On their website, CCC states that it has been operating since 1989, and works to deliver culturally appropriate consultation to Indigenous communities on behalf of mining, construction, oil and gas companies, as well as not-for-profit community and Indigenous organisations.

Following an investigation, Coffey appointed IAS to undertake the new consultations.

Delay 'unnecessary'

The industry body representing oil and gas companies believes the delay on the fracking inquiry's report jeopardises jobs and investment in the Northern Territory.

Matt Doman, Northern Territory director of the Australian Petroleum Production Association said it was difficult to see why a small part of the inquiry was now being used to drag it out by another three months.

"This scientific inquiry, which comes on top of the previous Hawke inquiry in the Northern Territory and on the top of many other inquiries that have been conducted around Australia and around the world, is now taking at least 15 months to conclude.

"If there is to be any significant investment in 2018, we need to be planning it now.

"The delay until March next year makes it virtually impossible."

[arc en ciel] 07/11/2017 10:47

Thanks for posting this Morrowman, it has given us info as to what is transpiring.

As well as the social and cultural impacts that Justice Pepper thinks are particularly important, we must hope that the economic benefits that the development of shale gas resources will bring to NT communities are being recognised and welcomed.

It does not seem necessary to develop all the enormous Beetaloo resources immediately; just defining certain areas at first, possibly selected according to the regional results of the survey, could be beneficial while at the same time giving the Federal government the boosted gas supply it needs.

[fsawatcher] 07/11/2017 10:37

dead money goin no wheres on here

this drift back to 14p

put ya money in stocks that movin and groovvin

[squiresquire] 06/11/2017 10:51

Judge Peppers report out in next few days, she said early November instead of late October, so any day now.

[thecynical1] 29/10/2017 23:34

Preliminary report out.

[arc en ciel] 25/10/2017 10:12

....let's hope it chimes with a go-ahead before the month end

[thecynical1] 25/10/2017 09:12

Clock ticking.....

[thecynical1] 28/9/2017 16:24

Is something leaking down under?

Bit of interest - more than usual here today and the Canadian price is hitting 40 again..... I wonder

[squiresquire] 28/9/2017 12:07

Draft Final Report due in October, things should be explained far better in the report,

[hermana3] 14/9/2017 07:57

"Moving sedately but purposefully"! Nice one Malcy....