Falcon Oil & Gas Share Discussion Threads

[hermana3] 16/5/2018 22:00

Wouldnt trust their figures with a dead nun. Running dry....

[loganair] 16/5/2018 21:41

No they're not, Saudi still have plenty of oil.

[hermana3] 16/5/2018 21:12

And Saudi is rapidly running out of oil too.

[loganair] 16/5/2018 21:04

I understand that oil supply/demand is currently in balance while supplies from Venezuela continue to drop.

[wizard2020] 16/5/2018 20:56

It kind of depends on Iran - there is global glut so the rise is based on an anticipated temporary disruption to supply

[hermana3] 16/5/2018 19:23

Logan, Agree with you on that assertion!

[loganair] 16/5/2018 12:33

The oil price is going to keep rising – here’s how to profit by Dominic Frisby:


The best ways to play a rising oil price:

Then, of course, there are the juniors and mid-caps. If you can find well-managed, undervalued, low risk opportunities in this space, you are a better person than me (at least as far as finding well-managed, undervalued small and mid-cap oil plays is concerned). Such things do exist, however, and good investments in them will make you money.

Why? Because, over the next three years, the oil price is headed higher.

[hermana3] 15/5/2018 20:22

Falcon the gift that keeps on giving.....

[mirabeau] 15/5/2018 14:49

thanks to Petantt over on L-SE :--

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Petantt
Posts: 70
Premium Chat Member
Off Topic
Opinion: No Opinion
Price: 22.15
Davy Stockbrokers view
Today 13:53
Beetaloo turns into multi-play asset

May 15 2018 | Job Langbroek | 5 page(s) | Print or Download PDF

Davy View

A technical paper by Origin, the operator, informs us that the Beetaloo Basin in Northern Australia has the potential to be a multi-play asset. At its simplest, greater resource density creates greater value. It will take some time to work through the implications and complete the physical investigations but Falcon shareholders hold a more valuable asset.

Multi play/multi targets

At the Australian Production and Exploration Association in Adelaide, Origin, the operator of the Beetaloo Basin project in the Northern Territory, presented a paper outlining the fact that four additional potential plays have been established in the basin. It states that the existing dry gas play in the Velkerri shale remains the primary and most technically advanced target.

The other four targets include a liquid rich play in the Velkerri itself, two further plays in the Kyalla shale as well as a hybrid formation and, finally, an oil/condensate play in the Hayfield sandstone.

Implications

The data presented clearly point to a much richer basin with multi-target potential. This has a number of implications. It creates potential material additional value and goes some way to explaining why Origin was very determined to maintain its position in the Beetaloo. It also increases the amount of data gathering and could well change the target modelling of the follow up wells in the basin. In any event, with drilling not likely to commence before next year there is likely to be additional news flow on how the consortium will pursue this new perspective of the basin.

For Falcon, with its five well carried interest, the Beetaloo has become a more valuable asset and the range of possible outcomes for the basin has increased. How this is managed will play out over the next couple of years but, for now, the news underpins the fact that at around 22p per share an awful lot of risk is discounted into the share price and the stock looks good value.

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A no-brainer if ever there was one

[loganair] 11/5/2018 21:20

3 test wells this year, 2 test wells next year then hopefully FOG will sell out to Origin some time late in 2020 or early 2021.

[letmepass] 11/5/2018 20:08

Next few months will be interesting with drill etc

[hermana3] 11/5/2018 18:14

Yes wee Phil runs a tight ship indeed.

[loganair] 11/5/2018 18:00

So Falcon seem to be getting through $500,000 every 3 months that's $2mln in a year and they started the year with $9mln which means they have 4 1/2 years of cash on hand.

[hermana3] 09/5/2018 18:33

Will be a while...

[thecynical1] 09/5/2018 18:19

Oh well...... Back to sleep then.....

[hermana3] 02/5/2018 19:59

Talk, Much more encouraging than it was 2 months back....

[talkman2] 02/5/2018 07:12

Doesn't seem much hurry to buy with drilling not taking place until next year . A bit of a wait

[hermana3] 02/5/2018 07:07

Johnny Craven always sells pre production to highest bidder!

[loganair] 01/5/2018 20:12

Hopefully Falcon will sell to Origin late 2020 or early 2021 once all the data from the test wells have been analysed.

[hermana3] 01/5/2018 20:08

Pan, Thanks for that. Seems a long wait for production but we will be sold long before that....

[loganair] 01/5/2018 08:55

I am surprised it will take that long for production to begin.

3 test wells due 2019 and the final 2 in 2020.

All I ever hear from the US fracking how quickly a well can be brought on line and therefore I would have thought that production could begin in 2021.

[panadin] 01/5/2018 07:42

herm: you can hear an interview with POQ via podcast on Newstalk Breakfast Business on 30th April - (14 minutes into the broadcast). Very positive as to massive potential; drilling early 2019, production will take 4/5 years

[hermana3] 30/4/2018 20:17

Yes but wont last!

[s34icknote] 30/4/2018 08:42

Still under selling pressure !Sicknote

[hermana3] 27/4/2018 11:54

Nice wee steady rises here in last 2 days as nipping back again!