Register
Login:
Share:
Email Facebook Twitter


UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme
RESULTS: IFA led wealth managers AFH Financial results show strong growth


Falcon Oil Share Chat (FOG)



Share Price: 19.25Bid: 19.00Ask: 19.50Change: 0.00 (0.00%)No Movement on Falcon Oil
Spread: 0.50Spread as %: 2.63%Open: 19.10High: 19.375Low: 19.00Yesterday’s Close: 19.25


Share Discussion for Falcon Oil


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

WetWater
Posts: 462
Opinion:No Opinion
Price:19.25
RE: Community Update #11
Sat 22:13
Yep - Just because something is logical and makes sense doesn't count for much when you are dealing with government regulations. Either way, in 3-4 months drilling should commence.
 
newtofo
Posts: 764
Opinion:No Opinion
Price:19.25
RE: Community Update #11
Sat 20:08
Thanks Wet, that was my thinking too, as the drilling to depth and fracking are two separate stages. The only question would be the issuing of the final permit to drill -- as that is where the powers that be could strangle an early start to drilling.

Orson, if you have some thoughts, from your excellent tracking of the political and fracking regulation implementation in the N.T., on whether the Ensign Rig 963 could start drilling in May - ahead of the completion of the water bore monitoring -- let us know??
WetWater
Posts: 462
Opinion:No Opinion
Price:19.25
RE: Community Update #11
Sat 17:41
Logically, since the water bore monitoring requirements do not apply to conventional wells then the six months of monitoring are a requirement of fracking a well. Here in the states, many times wells are drilled, rigs are moved off location and fracking the well may not happen for months/year. A rig is typically not on site nor required for the fracking of a well. That being the case the Ensign rig could be moved on to the next Velkerri wet gas test while the first Kyalla well is fracked.

Since drilling and fracking are two separate operations and water bore monitoring is a condition/concern of the fracking itself, then I would think the Ensign rig could be moved in and the well spudded as soon as weather conditions permit - regardless of the six month monitoring period - IMO
newtofo
Posts: 764
Opinion:No Opinion
Price:19.25
RE: Community Update #11
Sat 14:55
Just a quick question on timing for Ensign's Rig #963 to actually spud the first Kyalla well? We know that the water bore monitoring has to run for six months before any kind of fracking is allowed, and that water bores were being drilled sometime in November - which indicates a June completion for the water bore analysis. Does anyone have a general idea whether the Ensign Rig could start drilling in May with no plans to frack or test the first lower Kyalla well until later in June or early July? Or will the permit to even start the drilling process require the full water bore results before a drilling permit is issued??
Origin789
Posts: 276
Opinion:No Opinion
Price:19.10
Community Update #11
Fri 07:25
Consultation on key aspects of implementation Stakeholder consultation is underway and will continue in the first half of 2019 on key aspects of the implementation of the Final Report’s recommendations. Elements where consultation is underway or imminent include;
Publishing of draft hydraulic fracturing EMPs for public comment The Petroleum (Environment) Regulations were amended and commenced 19 December 2018 to provide for the publishing of draft hydraulic fracturing Environment Management Plans involving well drilling or hydraulic fracturing for public comment and consideration of public comments by the Minister before granting approval.
Code of Practice
Codes of Practice have been drafted to clearly define the standards and requirements for gas company operations, as recommended in the Final Report. The Codes of Practice have been drafted to address a number of the recommendations;
Surface Activities Code of Practice
Well Operations Code of Practice
Wastewater Management Code of Practice
Methane emissions Code of Practice
The Codes of Practice have been developed by technical working groups. Draft Codes of Practice are undergoing independent third party peer review and will be released for public comment in early 2019. The Codes of Practice will be finalised soon after and will be made enforceable via legislation.
ITguy
Posts: 270
Opinion:No Opinion
Price:19.10
RE: Eva Lawler
Fri 03:01
I think 60A is what the 1km thing is referring to..

https://legislation.nt.gov.au/api/sitecore/Bill/BPDF?id=17615
ITguy
Posts: 270
Opinion:No Opinion
Price:19.10
RE: Eva Lawler
Fri 02:50
Or, are they talking a 1km zone outside of the bore and well?
ITguy
Posts: 270
Opinion:No Opinion
Price:19.10
Eva Lawler
Fri 01:23
I was reading this article about Vowles and the Labor Party.

https://outline.com/ZZWRV6

At the very end, and oddly placed, was a comment that Eva Lawler introduced new legislation that there must be 1km between water bores and gas wells. Does anyone know if that's normal?

I took this from Santos's application for water bore approvals.

‘The Panel’s view is that monitoring of key water quality indicators in the
groundwater in close proximity (that is within 10-20 m) to each planned well or
well pad is essential, and that this monitoring should commence prior to any
well drilling, with subsequent monitoring being particularly focussed on the
hydraulic fracturing stages. To this end, multi-level monitoring bores must be
installed in advance (at least six months)’.1

https://dpir.nt.gov.au/__data/assets/pdf_file/0006/619359/MAB-PLN-004_Santos-NT-EP-161-Water-Bore-Monitoring-Program-EMP_Rev5-Reda....pdf
WetWater
Posts: 462
Opinion:No Opinion
Price:19.10
RE: Matt Canavan speech - today
Fri 00:27
Thanks for the research schlemiel. That is very encouraging to see Canavan speaking about government assistance and cooperation in building out infrastructure. This will make the economics of Falcon's project even better - I smell commerciality around the corner.
schlemiel
Posts: 1,600
Opinion:No Opinion
Price:19.10
Matt Canavan speech - today
Thu 22:16
https://www.minister.industry.gov.au/ministers/canavan/speeches/national-resources-statement-launch

'The opening up of new basins is always challenging given the upfront costs of developing infrastructure and the need for coordination between producers, investors and customers.

Governments can help facilitate and plan for such developments, especially to ensure that local communities maximise the benefits from new investments.

The Beetaloo Sub-Basin in the Northern Territory is an example of a region where government action can make a difference in helping realise great resource potential.

I’m pleased the Australian and Northern Territory governments have signed a memorandum of understanding to guide the development of the Beetaloo Sub-Basin.

Our plan is to work cooperatively with the Northern Territory to bring forward the development of the Beetaloo Sub-Basin as a potentially world-class new gas province.

Development of the basin would also assist in maximising the downstream value of the petroleum industry for the Northern Territory and the broader Australian economy.'

-

FOG owns 30% of an asset that is huge, strategic and very valuable. Canavan never fails to draw attention to Beetaloo and its importance to the NT and Australia.

I can smell a news release from Canavan in the next few months regarding funding for pipelines and other infrastructure developments...

I bet there's so much happening behind the scenes that we are not privy to..

hold these beauts and be patient!
ITguy
Posts: 270
Opinion:No Opinion
Price:19.10
RE: Shaun Drabsch - New NT appointment
Thu 21:56
Seems the greenies are having an issue with Drabsch's appointment and the trip to Texas. I hope they bring them back some good Texas bbq sauce!
UltraPetroleum
Posts: 43
Opinion:No Opinion
Price:19.10
FOG shareholder experience.
Thu 19:36
It's wonderful to see all the expensive studies to restrict exploration, to shake the tree. It make us stronger. It's great to see all these lacky ministers pump the NT and give some direction on where their economy is going.

At the end of the day it takes investment dollars to make these projects work. I live in Alberta Canada and can tell you that no one will invest in Alberta anymore let alone Canada.

People ask, "What's it like to an investor in FOG?" Well, as a shareholder for the past 15 years this is exactly what it feels like.

https://www.youtube.com/watch?v=iBtHprjqbFo
schlemiel
Posts: 1,600
Opinion:No Opinion
Price:19.10
Aus govt pushing natural assets
Thu 18:18
https://aacc-houston.org/all-events/#!event/2019/2/11/australia-petroleum-seminar-reception

Canberra and aus-states working together to promote Australian oil and gas resources in Texas.
dprussky
Posts: 866
Opinion:No Opinion
Price:19.10
RE: Good Read
Thu 17:42
Here is the plan thx tnbird I missed that too
tnbird
Posts: 67
Opinion:No Opinion
Price:19.10
RE: Good Read
Thu 17:34
sorry, just noticed this was previously posted
newtofo
Posts: 764
Opinion:No Opinion
Price:19.10
RE: Canavan has a plan
Thu 16:50
dprussky, Even though the Canavan article requires registering, but the headlines tell most of the story and it just keeps getting better and better for the Beetaloo.

"Canavan has a plan, and it involves the Beetaloo"

THE move comes as the Morrison government decides to scuttle its ‘big stick’ energy plan until after an election but it’s good news for explorers as the minister for resources underlines how much energy exports to a growing Asia add to the economy.
dprussky
Posts: 866
Opinion:No Opinion
Price:19.10
Canavan has a plan
Thu 16:19
nervesofsteel
Posts: 183
Opinion:No Opinion
Price:19.475
RE: Petrohunter -- PHUN
Thu 10:39
Sorry, I meant Newty, not WW in that last post. (Still seeing a red mist in front of my eyes!).
nervesofsteel
Posts: 183
Opinion:No Opinion
Price:19.475
RE: Petrohunter -- PHUN
Thu 10:38
WetWater, you nearly gave me a heart attack seeing as I just completed a Worthless Security form to have PHUN removed from my brokerage account last week. The alternative was going to be a charge of $50 per month for holding them. Thinking they'd been reinstated just days later did wonders for my blood pressure. NOT!!
schlemiel
Posts: 1,600
Opinion:No Opinion
Price:19.475
Page 77 - big smile!
Thu 07:59
https://infrastructureaustralia.gov.au/policy-publications/publications/files/IA18-4005_Priority_List_2019_ACC_L.pdf

-

Problem
The 2015 Australian Infrastructure Audit
identified a potential gas supply shortfall
in the eastern gas market as a result of
increased domestic and export demand.
In the absence of additional supply, this
increased demand is expected to lead to
higher prices. The Northern Territory and
Western Australia have price-competitive
gas available, but are not directly linked to
the eastern gas pipeline network.
Providing a connected national energy
market with sufficient capacity to supply
domestic and foreign markets, withstand
supply shocks and market forces, and
sustainably contribute to Australia’s
broader environmental goals will support
the resilience of the national economy.
Proposed initiative
Develop infrastructure to connect northern
and/or western Australian gas reserves to
the eastern gas markets.
A project to construct a pipeline between
Tennant Creek and Mount Isa, connecting
the Northern Territory gas supply with the
eastern gas market, was completed in 2018.
This provides some additional supply to
the eastern states, and supports economic
growth in the Northern Territory.
However, it is not yet clear if this link is
sufficient to address the shortfall in the
eastern gas market. Additional action,
including possible future capacity
investment between the Northern Territory
and the eastern states, or a pipeline
connection to Western Australia, may be
required in the future.
Next steps
Proponent(s) to be identified.
Infrastructure
schlemiel
Posts: 1,600
Opinion:No Opinion
Price:19.475
RE: New basins for jobs and growth
Thu 06:45
thanks James - Let's hope this statement from Canavan is the start of the investment process in which funding is directed towards Beetaloo from Canberra allowing pipeline development etc and other facilitating investment for the development of Beetaloo.

Canavan does seem very enthused by Beetaloo and the potential of its resource...

Substantial news now required
JamesL.
Posts: 39
Opinion:No Opinion
Price:19.475
New basins for jobs and growth
Thu 03:39
https://www.industry.gov.au/data-and-publications/australias-national-resources-statement/the-australian-resources-sector-significance-and-opportunities/new-basins-for-jobs-and-regional-growth

The Beetaloo Sub-basin in the Northern Territory is a world-class shale gas resource and is home to over three-quarters of the Northern Territory’s prospective shale gas resources, according to Geoscience Australia.29 Recent estimates from companies exploring the area suggest that the shale gas resources could be even larger than first thought. While the scale of the gas resources in the Beetaloo Sub-basin is vast, exploration is only just getting underway. It remains uncertain what proportion of the resource will be technologically and economically viable to extract.
schlemiel
Posts: 1,600
Opinion:No Opinion
Price:19.475
Matt Canavan
Wed 22:43
https://www.minister.industry.gov.au/ministers/canavan/media-releases/government-releases-first-national-resources-plan-generation

The Government will also progress a number of initiatives under the statement, including:

- promoting a national resources brand to market the advantages of Australia as a resources investment destination to the world
- supporting the development of new resource basins through cooperation with state and territory jurisdictions, like our Memorandum of Understanding with the Northern Territory on the development of the Beetaloo Basin
- continuing to invest in the most advanced seismic and aero-magnetic surveys to help discover the next major mineral find through the $100 million Exploring for the Future program, and
improving the consistency and scope of data across the resource sector
newtofo
Posts: 764
Opinion:No Opinion
Price:19.475
Petrohunter -- PHUN
Wed 19:13
Anyone holding onto the PHUN shares, like Gonoles and Nerves -- might be in for a nice shock when they open their trading accounts today. I just opened my account and it shows that my 2.1 million shares of PHUN are now worth $200 million -- which was a pleasant surprise since I only paid $3000 for them. However, since Petrohunter (the old PHUN) was delisted on the pink sheets a few years back - a new consolidated cellular company called PHUNWARE has somehow received approval to use the PHUN trading symbol on the Nasdaq. Therefore, my 2.1 million shares of the old PHUN that were worth zero with my brokerage yesterday - now shows about a 700,000% return on my investment -- LOL. Too bad I can't sell any of the new PHUN without the RCMP showing up at my door about two hours later......................




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.