Share Name Share Symbol Market Type Share ISIN Share Description
Falcon Oil & Gas Ltd. LSE:FOG London Ordinary Share CA3060711015 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.275 3.37% 8.425 1,391,767 13:34:01
Bid Price Offer Price High Price Low Price Open Price
8.35 8.50 8.525 8.15 8.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.01 -2.96 -0.30 83
Last Trade Time Trade Type Trade Size Trade Price Currency
16:03:59 O 100,000 8.39 GBX

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Falcon Oil & Gas Daily Update: Falcon Oil & Gas Ltd. is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker FOG. The last closing price for Falcon Oil & Gas was 8.15p.
Falcon Oil & Gas Ltd. has a 4 week average price of 6.90p and a 12 week average price of 4.91p.
The 1 year high share price is 14.95p while the 1 year low share price is currently 4.91p.
There are currently 981,847,425 shares in issue and the average daily traded volume is 3,625,816 shares. The market capitalisation of Falcon Oil & Gas Ltd. is £82,720,645.56.
goodday1: schlemiel, Posts: 10,202, Price: 8.275LSERE: What a day, Today 18:05It will be very interesting to see how FOG reacts when Origin finally reveal the company(ies) that have come on board with the Origin-FOG licences and the nature of the commercial deal. I reckon this monetisation news would have a greater effect on FOG's value than anything else, even flow rates. The market drools at the prospect of monetisation for stranded assets like ours. Let's face it, FOG ain't never gonna have the cash to finance this gargantuan of an asset
loganair: When I bought in a few years ago I remember the analysts saying that Beetaloo was worth circa 100p plus a share to Falcon Oil with their South African asset being worth around a further 25p. Looking at the share price to day 8p to 9p?
chesty1: Taken from LSE Falcon has announced a fivefold increase in the normalised gas flow rate from the Velkerri B Shale at the Amungee NW-1H well, providing a firm line of sight to the commercialisation of the Beetaloo. Production log data from the Amungee NW-1H well has confirmed that 85-95% of production has come from just a 200m horizontal section, equating to a normalised flow rate of 5.2-5.8MMScf/d over a 1,000m section. These test results significantly exceed the expected commercial threshold of 2.0MMscf/d over a 1,000m section and puts the Beetaloo on a par with other shale gas basins in North America. We set our price target in-line with our valuation of the Beetaloo plus corporate costs at 37p, c7.5x the current share price and reiterate our BUY recommendation.
kidknocked: Courtesy of long term holder on LSE:M1D2 -- as a long term owner of Falcon I am less surprised by these ridiculous swings back down on good news than I used to be.Falcon has had quite a few disappointments over the past five years that have set the selling timetable back each time -- including moratoriums, a failed horizontal well, Covid, and a few other less dramatic injuries. Since the float is so high with Falcon -- there are a lot of punters that look at the timetable for an actual selling point and take their bet off the table -- hoping they will have a chance to snap up Falcon cheaper just before the next major news hits (or move on). Most of the long term owners are shell shocked -- and so this recent drop after the absolute best news in five years on commercial prospects isn't too much of a surprise, but it still makes no sense unless your goal is to make three cents on your Falcon investment and move on. Long term owners are here for the sale by POQ with a ten bagger or better from this current price and we will smile ruefully at the day traders and wish them the best of luck with their other short term three cent wins. I believe that the Santos results by the end of the year will confirm the commerciality of the mid-Velkerri B and C shales -- and then a sale of Falcon's 22.5% could come at any time after that announcement. Since all the Origin wells to date have shown the mid-Velkerri B and C shale zones spread across 4 or 5 million acres of the Falcon permits -- (with around 16 TCF in recovery factors net to Falcon) -- the prize for Falcon is totally misrepresented in today's FOG price.
mirabeau: Managed to get access to this paid for article from AMS at the AFR - ----------- Beetaloo well results rev up the bulls Angela Macdonald-Smith - Senior resources writer Sep 6, 2021 – 4.45pm Bullish results from Origin Energy’s controversial exploration in the remote Northern Territory have doubled the share price of its junior partner and set pulses racing among those hopeful that Australia can experience its version of the United States’ “shale gale”. Gas flowed in a production test at the Amungee well in the Beetaloo Basin at a rate that “provides line of sight to the commercialisation” of the venture, according to Philip O’Quigley, CEO of Falcon Oil & Gas, whose shares surged 104 per cent in London on Friday. Multiple shale gas exploration wells are being worked on in the remote Beetaloo Basin in the Northern Territory. Peter Eve Origin took a typically more conservative line but its general manager for the Beetaloo, Chris White, said that if the result can be reproduced on a larger scale, it indicates the “dry” gas play in the Velkerri shale targeted at the well “may be in line with commercial shale plays around the world, based on normalised production rates”. The Beetaloo region has seen a significant increase in activity this year, supported by the federal and NT governments, as explorers including Santos, target potentially massive volumes of gas that could beef up energy security on the east coast as well as provide gas for export through Darwin or Gladstone. But it remains hugely contentious amid opposition among environmental groups and some traditional owners because of the risk of water contamination and the climate impact from new gas development. It also comes as market sentiment toward oil and gas stocks sours, despite relatively robust commodity prices, amid heightened awareness of ESG (environmental, social and governance) concerns, among other issues. Origin shares were down 0.7 per cent in mid-afternoon trading on Monday in a generally soft oil and gas sector, although AGL Energy, its peer on the electricity supply side, was slightly higher. Junior Tamboran Resources, the latest pure-play Beetaloo exploration stock on the ASX, was up more than 7 per cent at 26¢ but still well off the 40¢ issue price in its $61 million initial public offer in July. Explorer Empire Energy, which is also focused on the NT, was up almost 11 per cent at the same time. “Bankers don’t want to be investing in old dying industries, they want to be investing in new industries,” said economist Rob Henderson of his alma mater Related ‘High time’ banks dumped fossil fuels, former NAB economist says Analysts examining the Amungee results focused on the companies’ calculation – based on the result from a 200-metre section of the horizontal well – that the “normalised” gas flow rate was between 5.2 million and 5.8 million cubic feet per day per 1000 metres. Mr O’Quigley referred to a recent analyst report that suggested gas flows of more than 3 million cubic feet per day from a 1000-metre horizontal well were required for the Beetaloo to be commercial “Not only does this test result significantly exceed these parameters and significantly increase our assessment of the Velkerri dry gas play, but it also puts the Beetaloo on a par with other shale gas basins in North America,” he said Wood Mackenzie analyst Shaun Brady was more guarded, describing the early results as showing “some promise” and putting them “around the middle of the pack” compared to wells in mature US plays such as the Marcellus near the east coast. “But the challenges of monetising the Beetaloo cannot be understated,” Mr Brady said. “Huge investment is required to build the infrastructure, establish the supply chains, and achieve the scale needed to bring this gas to market commercially.” He said that “best-in-class” well performance would therefore be essential. “The issues encountered in achieving production over the full length of the lateral means further appraisal is needed to prove the potential of the Velkerri and demonstrate that this outcome can be repeated or improved,” Mr Brady added. An earlier production test at the Amungee well underpins the 2017 estimate that the field holds about 6.6 trillion cubic feet of gas resources. The latest test was a follow-up, with Origin and Falcon yet to decide on the next move, likely to take place next year after the wet season. The duo is also drilling at the Velkerri well nearby and is due to run a test at their Kyalla well, targeting a different shale formation. Meanwhile Santos and Tamboran are working at the Tanumbirini well, and Empire is due to test its Carpentaria-1 vertical well late this month. Consultancy EnergyQuest said the “unprecedented” level of activity in the area “should be enough to finally answer the big question about commerciality”. “The NT moratorium, COVID-19 and various project issues took a five-year bite out of efforts to open up the Beetaloo, but 2021 will be year we should get some answers,” EnergyQuest said. Under the plan for the NT shale industry, the NT and Commonwealth governments require that any gas development results in no net increase in carbon emissions. end https://www.afr.com/companies/energy/beetaloo-well-results-rev-up-the-bulls-20210906-p58p7v?utm_medium=social&utm_campaign=nc&utm_source=Twitter#Echobox=1630986460
ohisay: Seeking Alpha article from last year. https://seekingalpha.com/article/4340780-falcon-oil-and-gas-nearing-resolution-in-australia Furthermore, look at the location of this asset. Australia has a huge energy supply shortage coming which definitely acted as a tailwind when deciding whether the Northern Territory fracking moratorium was going to be lifted. Although new laws and regulations came into force, the moratorium was finally lifted in April of 2018. Due to the coronavirus pandemic and the collapse of crude oil prices, Falcon shares were delivered a "One-Two Punch" which collapsed the share price to $0.07 per share in recent weeks. Although many equity markets have somewhat recovered over the past month, the price of crude oil, for example, is a mere $10 a barrel at the time of writing. Being a micro-cap stock, there are risks which investors should be aware of. The first risk with these companies is a lack of funding which many times mean the micro-cap can run out of time. As we have mentioned above though, Origin's recent $150 million investment puts this risk to bed which is a big positive. In fact, the more pertinent question here is why Origin (in a time of major upheaval in energy markets) has decided to front up that extra cash. Furthermore, due to the low volume in this stock, we do not advise short-term trading in here. The play here is to buy shares at close to the current market price as possible and hold until stage 3 comes to completion. In the recent farm-out to Origin, there was no share dilution, which makes a buy and hold investment perfectly feasible at this moment in time. We have consistently stated that position sizing is the best way to control risk on any given trade or investment. Yes, investors will bemoan the fact that there is no paying dividend with Falcon and no in-depth financial reporting. This, though, is what you get with micro-caps. In fact, many times, the more detailed information one has at his or her disposal on a firm at any given time, the more accurately the market prices the company. This means limited upside compared to the micro-cap which the market believes has too many "unknowns" to accurately put a valuation on. Therefore, to sum up, Falcon Oil & Gas is presently trading at $0.08 per share. What investors need to ask themselves here is whether they really believe the company is worth half of what it was just 7 short weeks ago. Yes, Falcon is a penny stock, and risk is always high when dealing with unconventional assets. However, given the price of the stock and the potential of the project, we maintain that the risk/reward play remains compelling. And remember Origin bought out Sasoils 35% share ...
phoebus_av: Rather than over focus on the chart, try looking at the fundamentals. FOG looks WAY to cheap at £120M market. FOG has net current assets around £7.5M with £142M of free carry on stages 2 and 3 on Beetaloo with rollover to subsequent work if not completely used. CPR indicates 243 MMBOE 2C net recoverable to FOG within Velkerri. FOG licences cover the most prospective core acreage of Beetaloo sub-basin. Much larger than Marcellus and Barnett in US. Last week's test result suggests 5.2 to 5.8 MMSCF/D per 1km section of horizontal in Velkerri which is well above stated commerciality threshold and translates to 2,900 BOE/D per 3km horizontal. This is a significant increase on the 0.8 to 1.2 MMSCF/D flow rates previously reported for the well and the 0.4 to 0.6 MMSCF/D for the Kyalla 117 well. Our majority partner Origin is major partner on Australia Pacific LNG project. Gas pipeline runs right across FOG acreage to LNG facilities on the North Australian coast for export to Asia. Origin has multi-billion market cap. Velkerri 76 S-21 just spudded. The carry alone is the same as the market cap, which means the resource is still valued at effectively zero. Even ignoring cash and carry this is still under 60p per BOE 2C recoverable onshore which seems ridiculous. Dump if you want, go to free carry if you like, but Friday's news was mega and FOG looks like it should re-rate from here based on those excellent fundamentals.
h2owater: The Times Article Falcon price gushes after find Investor bulletin boards can be a cruel place. Just last month, a frustrated Falcon Oil and Gas shareholder posted a barb that the company “couldn’t find gas in a Mexican restaurant”. Well, somebody is choking on their refried beans now. On Friday, Falcon shares doubled on the news that its partner, Origin, had indeed found gas at its Amungee well in the Beetaloo basin in Australia’s Northern Territory. Drill results suggest a normalised gas flow rate between 5.2 million and 5.8 million cubic feet of gas a day. Recently analysts speculated gas flows greater than three million cubic feet per day were needed to commercialise Beetaloo. The stock price was a gusher. The share has a big Irish following, largely because Falcon is what John Craven did after he sold Cove Energy to PTT, Thailand’s national energy company, for $1.9 billion (€1.6 billion). Cove made a lot of Irish retail investors a lot of money. While Craven stood down as its chairman some years back, there is still a lot of messiah money in Falcon. As exploration stocks go, its geology has been rock solid. Its geopolitics have been a little more tricky. Falcon is fracking for gas in lands that were owned by indigenous Australians. A moratorium followed by inquiry followed by a pandemic starved investors of news flow and the share price has drifted badly. Even after last Friday’s jump, it is a way off the 35p price target of stockbroker Cenkos. On Friday, Philip O’Quigley, Falcon’s chief executive, said that the results put Beetaloo on “a par with other shale gas basins in North America”. Santos, an Australian oil company, is drilling next to Amungee. If it validates the results, then Falcon will be one step closer to the promised land.
bad robot: Careful Genuine Gamblers exercise of free options is coming. Falcon Oil & Gas Ltd. Falcon Oil & Gas Ltd. - Granting Of Stock Options 19/02/2021 7:00am UK Regulatory (RNS & others) TIDMFOG Falcon Oil & Gas Ltd. ("Falcon", "Company") Granting of stock options 19 February 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that on 18 February 2021 it granted incentive stock options ("Options") to purchase an aggregate of 38,000,000 common shares of Falcon to a number of recipients, including directors and officers under the stock option plan approved at Falcon's annual shareholders meeting held on 10 December 2020. The Options were granted at an exercise price of GBPGBP0.08 (equivalent to CDN$0.14) and GBPGBP0.12 (equivalent to CDN$0.21) respectively, details are included in the table below: Number of Number of Total number of Options granted Options granted Options Name at GBPGBP0.08 at GBPGBP0.12 held after grant JoAchim Conrad -- Non - Executive Chairman 1,000,000 1,000,000 2,000,000 Philip O'Quigley -- CEO 10,000,000 10,000,000 20,000,000 Anne Flynn -- CFO 5,000,000 - 11,000,000 Daryl Gilbert -- Non - Executive Director 1,000,000 1,000,000 2,000,000 Gregory Smith -- Non - Executive Director 1,000,000 1,000,000 2,000,000 Maxim Mayorets -- Non - Executive Director 1,000,000 1,000,000 2,000,000 The remaining 5,000,000 Options were granted to a consultant of Falcon and to a non-executive director of Falcon Oil & Gas Australia Limited, with 2,500,000 at an exercise price of GBPGBP0.08 and a further 2,500,000 at an exercise price of GBPGBP0.12. All of the Options granted have a vesting schedule allowing for 1/3 of the Options to vest immediately with an additional 1/3 vesting on each subsequent anniversary until the Options are fully vested on 18 February 2023. The Options have an expiry date of 17 February 2026. After this grant, there are 44,000,000 Options outstanding, representing 4.48% of the issued and outstanding common shares of Falcon.
mirabeau: Cenkos take : 'Falcon Oil & Gas Ltd : A Gamechanger' Falcon has announced a fivefold increase in the normalised gas flow rate from the Velkerri B Shale at the Amungee NW-1H well, providing a firm line of sight to the commercialisation of the Beetaloo. Production log data from the Amungee NW-1H well has confirmed that 85-95% of production has come from just a 200m horizontal section, equating to a normalised flow rate of 5.2-5.8MMScf/d over a 1,000m section. These test results significantly exceed the expected commercial threshold of 2.0MMscf/d over a 1,000m section and puts the Beetaloo on a par with other shale gas basins in North America. We set our price target in-line with our valuation of the Beetaloo plus corporate costs at 37p, c7.5x the current share price and reiterate our BUY recommendation. A Gamechanger for Falcon – A production log test at the Amungee NW-1H well has indicated a fivefold increase in the normalised gas flow rate of between 5.2-5.8MMscf/d at the Amungee well, compared to the previously reported flow rate of 1.1MMscf/d. The data confirmed that only 5-15% of production is coming from the stages beyond a casing deformation point, with 85-95% of production coming from a 200m horizontal section, prior to the casing deformation. The low contribution beyond the casing deformation is likely the result of a restriction caused by the casing deformation itself or the plugs having not been milled out. The conclusion is that the 200m horizontal section prior to the casing deformation may be representative of the deliverability of the Middle Velkerri B Shale at Amungee, resulting in a normalised gas flow rate of between 5.2-5.8MMscf/d over a 1,000m horizontal section – comparable with other shale gas basins in North America Establishing Commerciality – The key uncertainty to kick starting a shale gas industry in the Northern Territory is understanding whether the shales can release a commercial flow rate. An independent third-party report has concluded that the commerciality of the Beetaloo would be demonstrated by gas flows greater than 3MMscf/d from a 1,000m well, whilst a recent industry estimate suggest that gas flows greater than 2MMscf/d from a 1,000m well are required to demonstrate the commerciality of the Beetaloo. Either way, at 5.25.8MMscf/d, the PLT test result significantly exceeds this commercial threshold. In the same independent report, it was also concluded that it would take just a single well to achieve a commercial flow threshold (as success can be replicated across the uniform Beetaloo basin) to confirm the expectation that a large scale development is commercially viable. We expect the commercial potential of the Velkerri Shale to be further confirmed in late 2021 following the test results of the Tanumbirini-2H and 3H wells, 100km to the east of the Amungee NW-1H discovery. ? De-Risking the Velkerri Dry Gas Play – c100km to the east of the Amungee NW-1H discovery, Santos and Tamboran Resources have completed the drilling of the Tanumbirini-2H well to a total depth of 4,598m, including a 1,000m lateral section within the Middle Velkerri B shale. The results to date have been encouraging with the Tanumbirini-2H well encountering significant gas shows and pressures. Natural fractures, strong pressures and gas flows during drilling are typically indicative of a shale that will respond positively to fracture stimulation. The Easternwell 106 rig has now commenced drilling the Tanumbirini-3H well. Following the completion of Tanumbirini-3H, both wells will then be re-entered, fracture stimulated, and flow tested with results expected to be announced prior to the end of 2021. The aim of the drilling programme is to establish commercial flow rates from the Velkerri dry gas play – the same play where Origin/Falcon discovered 6.6Tcf of gross contingent 2C resources as a result of the successful Amungee NW-1H well 2016 extended production test (EPT). The 6.6Tcf of 2C resources only covers an area of 1,968km2, immediately surrounding the Amungee NW-1H well, with any success by Santos/Tamboran likely to extend the Velkerri B shale dry gas play fairway c100km to the east. Falcon and Origin will now analyse the results to determine the next phase of work on the Middle Velkerri B Shale. And this about MONETISATION which should please Mr Market - Rebounding Gas Prices – Following the fall in domestic and international gas prices in 2020 as a result of COVID-19 related demand reductions, gas prices have increased significantly in 2021. Subject to the successful commercialisation of the Beetaloo, Falcon is well positioned to monetise these resources that could supply affordable gas to meet predicted Australian gas shortfalls and provide back-fill gas to Australian LNG to help satisfy the material demand for natural gas from South East Asia. ? Domestic: Despite a lack of domestic demand growth, natural gas prices have remained high in Australia relative to other OECD countries due to a shortage of identifiable domestic natural gas to fully utilise existing LNG capacity and to meet projected domestic energy needs. The situation is most acute in the eastern part of Australia where large populace areas exist, and traditional sources of natural gas production are maturing, and where Falcon’s assets position the Company to meet these projected domestic energy needs. The current domestic spot price is A$9.7/Gj (US$7.3/MMBtu), c2x the current U.S. natural gas price. Production from existing and committed developments is projected to decline rapidly over the coming years, with consumer demand expected to outstrip domestic supply in 2026. To meet winter demands, supply from outside the east coast will need to be relied upon unless new local supplies or LNG import terminals are developed. International: LNG markets have rebounded strongly from the low COVID-19 levels experienced in 2020, reflecting tightening supply and demand dynamics. The LNG market is also benefitting from short-term market tightness driven by severe Northern Hemisphere winter and supply bottlenecks. Asian LNG demand is forecast to increase substantially over the next 30 years. Even in the “worst case” scenario, Asian LNG demand will double in the next 15 years to 32Tcfe per annum. https://www.cenkos.com/research-portal?#/portal/cenkos-securities/research/39_2021090302055413324
Falcon Oil & Gas share price data is direct from the London Stock Exchange
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