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
  0.10 1.2% 8.40 314,639 14:00:28
Bid Price Offer Price High Price Low Price Open Price
8.30 8.50 8.40 8.35 8.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.00 -3.47 -0.37 82
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:44 O 100,001 8.30 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 8.30p.
Falcon Oil & Gas Ltd. has a 4 week average price of 8.05p and a 12 week average price of 8.05p.
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 440,998 shares. The market capitalisation of Falcon Oil & Gas Ltd. is £82,475,183.70.
hermana3: Good to see options price more than 50% above current share price!!!
hermana3: Nice to have Tom Layman onboard with his decades of hands on industry experience. With luck he will dip into the market before long as the share price at Falcon is as cheap as chips.
hermana3: Shares issued will be 1Bn+ now. The premium of the placing price to the current price says a lot about the state of the market these days. Our salvation thankfully will come in the form of a buyout in next year or two.
all in eol: 31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP ("Sheffield") for a US$10 million private placement through the issue of 62,500,000 Common Shares ("the Placing Shares") at a price of CAD$0.20 per share ("the Placing"). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon's issued and outstanding Common Shares. Falcon Oil & Gas Australia Limited ("Falcon Australia") has also agreed to grant Sheffield a 2% overriding royalty interest ("ORRI") over Falcon Australia's 22.5% working interest in the Beetaloo Sub-Basin exploration permits in return for a cash payment of US$6 million. The 2% ORRI is being granted to Sheffield calculated on equal economic terms as the existing 3% ORRI with the TOG Group. The cash proceeds of US$6 million will be used to exercise Falcon Australia's call option to reduce the existing ORRI with the TOG group from 3% to 1%, which is expected to take place before 30 April 2022. The assets subject to the ORRI are not currently revenue generating and there are no profits or losses attributable to them. These changes to the ORRI's, will be submitted to the Northern Territory Government, Australia for registration
hermana3: No sign of a wee nudge upwards in share price yet. Only a matter of time methinks.
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
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.
ohisay: Seeking Alpha article from last year. 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.
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.
Falcon Oil & Gas share price data is direct from the London Stock Exchange
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