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Tower CEO gives give operational update on Njonji development well Watch Here

Exclusive: InfraStrata CEO confirms 6 parties interested in offtake agreements
Tower CEO gives give operational update on Njonji development well


Falcon Oil Share Chat (FOG)



Share Price: 15.775Bid: 15.55Ask: 16.00Change: 0.00 (0.00%)No Movement on Falcon Oil
Spread: 0.45Spread as %: 2.89%Open: 15.325High: 15.775Low: 15.325Yesterday’s Close: 15.775


Share Discussion for Falcon Oil


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UltraPetroleum
Posts: 31
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Sat 00:48
bigones & POODS,

I had a bid dump this afternoon. It was a double header. So, I named it after you two.
 
Poods
Posts: 97
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Fri 18:44
dprussky,

Generally do not disagree with your comment. However, in this case the combination of the salary and the options is excessive. The salary allow is more than sufficient for this size situation. If the salary and options were cut in half, the comp package would be about right.
dprussky
Posts: 823
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Fri 17:47
IMO CIOs are getting paid on the value they can/should deliver. Here is the thing POQ can play golf, hangout at the PUB and do anything he wants and I do not care as long as he will delivers the goods at the end of this program.
Poods
Posts: 97
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Fri 14:01
schlemiel-
schlemiel-

My previous comments have highlighted some of POQ's accomplishments for which he is to be commended. But, always remember the board and POQ specifically are the caretakers for the prize Bruner discovered, as I understand our history. The entire board is riding that good fortune and potentially overcompensating themselves at shareholder expense. If the board were a bit more reflective of this journey from the perspective of those who have in some cases, many years of little or no return for our faith in their judgements. I simply feel the balance between being handed a gift and reasonable compensation is out of balance.
schlemiel
Posts: 1,122
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Fri 12:39
Poods - I believe you may have overlooked the personal relationships POQ's built up with NTG politicians, Origin management and other professional-commercial contacts he's developed over time through his involvement in the NT - those relationships (trust etc etc) can prove invaluable and no doubt will, in time

cheers
ITguy
Posts: 239
Opinion:No Opinion
Price:15.775
RE: Such Dribble
Fri 12:34
I wish I had 2M shares in a company I didn't like.

BOQ! lol...
Poods
Posts: 97
Opinion:No Opinion
Price:15.70
RE: Such Dribble
Fri 12:13
WOW-

This is what my comments have stated in the past and most have dissed me. However, the truth is the truth. POQ is paid twice what he is worth. As stated before he has done some good things, but has milked FOG to death both from a salary and option standpoint, which has allowed him to work on his golf game. FOG is both a sad story and a potentially attractive speculation really as the result of Bruner's expertise in petro-geology, but not his excessive management style. As long as the board supports and shareholders continue to approve the option grants, which is not the case with me, POQ will interrupt "no pushback, as approval for his 10% full time appointment". Give me a break
Silverback0_13
Posts: 110
Opinion:No Opinion
Price:15.45
RE: Index timing for investment
Fri 11:08
When can we expect the NT government to post these regulations?
dprussky
Posts: 823
Opinion:No Opinion
Price:15.45
Index timing for investment
Fri 10:51
https://www.abc.net.au/news/2018-11-16/inpex-ichthys-lng-gas-project-foreign-investment-japan-abe/10505696

putting pressure on the NT government

Mr Ueda also said Inpex "respect the environmental issues here in the Northern Territory" and would wait for the NT Government's full regulatory framework into the fracking industry to be developed and completed before any plans were advanced.
philmickelson
Posts: 6
Opinion:No Opinion
Price:15.325
RE: Such Dribble
Fri 02:31
speaking of dribble

here is the president
bigones
Posts: 346
Opinion:No Opinion
Price:15.325
Such Dribble
Fri 02:17
Sounds like repeat every old post of good news WOW, ignore all bad: tell everyone this is great like the billion plus lost in Hungary .That was a sure thing ! Look we are at 19 cents valued at 19 cents ,no one is buying above 19 cents ! Get real ! Smart money sees this thing and knows this thing is worth 19 cents and everyone of you that thinks you are smarter than big money can do nothing to prop up the price or say stupid shit to convince anyone to believe it is worth more than 19 cents. Ask POQ he has never gotten anyone interested in paying a penny more cause there is nothing here yet ! So pay his exorbitant salary, pay for his vacations to S.A. ect and expect the same. Nothing ! POQ is a sponge, let him be a leak and suck every one dry but give him more for free ! How does Origin even own anything of this field, they renege ,failed and didn't explore as contracted ! POQ SOLD 2/3 of this field for nothing.
UltraPetroleum
Posts: 31
Opinion:No Opinion
Price:15.325
RE: Gunner: Beetaloo gas for 500 years
Fri 01:12
It's all good. If we can provide Gunner with enough gas for 500 years, assist the 1st nation people with homes and public health, end world hunger, then the little drummer boy should be able to pump the share price to $2. And I will be able afford a years worth of petrol for the land rover. I will probably end up in the poor house putting 3 daughters through medical school. Daddy needs a lucky US$7.
UltraPetroleum
Posts: 31
Opinion:No Opinion
Price:15.325
Gunner: Beetaloo gas for 500 years
Fri 00:57
In this article Gunner pumps the Beetaloo for 500 years at 1.4TCF / yr Australian consumption.
Bring it on!
https://www.pressreader.com/australia/nt-news/20180906/282239486509000
UltraPetroleum
Posts: 31
Opinion:No Opinion
Price:15.325
RE: Another statement from Senator
Thu 21:10
newtofo,

Yes, I suppose we can dicker back and forth. In September, Gunner said he learned there were twice as many TCF to 500 TCF. As we know, FOG's numbers have been out since 2017 so he would have been aware of the 500TCF in place for at least a year.

In this video he actually speaks of nearly 400 years of gas. No mention of gas-in-place. And he has spoken of Australia's annual consumption of 1.4 TCF in the past.

So if he had your number of 85TCF and 1.4 TCF annual Australian consumption he would have said we have 60 years of gas for Australia from the Beetaloo Basin.

Gunner is a politician so he many have said different things to different people.
https://www.weeklytimesnow.com.au/news/national/nts-beetaloo-basin-home-to-almost-400-years-worth-of-gas/video/b642283106e9319d7c60c308ad147d07
shalamar9
Posts: 1
Opinion:No Opinion
Price:15.325
Contact
Thu 20:59
We****er, we met briefly at the AGM last month. Would you mind contacting me at the disposable email below as I would like to catch up away from this board. phoenixexp11@yahoo.com
newtofo
Posts: 726
Opinion:No Opinion
Price:15.325
RE: Another statement from Senator
Thu 20:43
Ultra, while it would be great if you were correct, here is what the statement/article from Gunner actually said:

"Industry exploration to date indicates a P50 gas-in-place resource of at least 500 trillion cubic feet (TCF) "

The KEY words here are P50 gas-in-place --- NOT 500 TCF of recoverable gas...
WetWater
Posts: 405
Opinion:No Opinion
Price:15.325
Minister of Resources Article
Thu 20:38
Now if only the market will finally begin to recognize what the Commonwealth and Territorial governments are beginning to tout! I feel that this train will soon be leaving the station - its about time after 2 long years!

We know it here on the board, but what was not stated was that the 18,500 square km mentioned in the article IS the Falcon acreage which computes out to about 18,600 sq km. The 500 TCF IS the Velkerri B and the wet gas liquid rich zones are the Kyalla and the Velkerri wet gas plays. This article has Falcon written all over it - if only POQ would help connect the dots!
schlemiel
Posts: 1,122
Opinion:No Opinion
Price:15.325
RE: Another statement from Senator
Thu 19:02
I am encouraged by the determination of Gunner and Canavan to get these shale-gas assets developed. Canavan's focused on the NT in the way he isn't with other Aussie territories and I suspect that's because he, Gunner and the Canberra government now realise the gigantic nature and prospectivity of what Origin's found at Beetaloo....
UltraPetroleum
Posts: 31
Opinion:No Opinion
Price:15.325
RE: Another statement from Senator
Thu 18:35
Nice try newtofo,

Gunner spoke about 500 TCF of gas and nearly 400 years of gas available for Australia at 1.4 TCF per year. So Gunner is suggesting there is 500 TCF of recoverable gas in the the Beetaloo. At 1.4 TCF per year, that translates into 357 years.

Falcon Oil has 500 TCF in place in the Velkerri B Shale. Possibly another 500 TCF in place in the Velkerri A/C Shale. Then there is Santo's Beetaloo gas to consider. The 16% recovery is a guesstimate with today's technology. What's the recovery percentage in 400 years. Gee, I believe they only fracked Leduc 1, Alberta's 1st well dating back into the 1950's, just a few short years ago. What did anyone know about fracking in the 1950's.
Humans are smart and all this gas will eventually be extracted.

In the mean time, enjoy tax loss selling season as shareholders sell off their losers like FOG to offset their gains in APPL. As bigones' suggests, the action should start again in February 2019. That seems about right.
newtofo
Posts: 726
Opinion:No Opinion
Price:15.375
RE: Another statement from Senator
Thu 14:31
dprussky and schlemeil, - Good reason to be skeptical dprussky....

When Gunner and Canarvon are throwing out these numbers of: " P50 gas-in-place resource of at least 500 trillion cubic feet (TCF) for one of multiple prospective layers in the Beetaloo Sub-basin" it is worthwhile keeping in mind a couple of things. 1. This is exactly the same number that Origin released last year when they announced the Discovery, as they indicated at that time that their analysis of the Velkerri B shale across the Beetaloo Basin showed a most likely 496 TCF of gas "in place". 2. Origin indicated that a recovery factor, from initial data of the Amungee well, showed that a recovery factor would be around 16% if the entire basin had similar characteristics in the Velkerri B shale - which is 80 TCF recoverable (25 TCF to Falcon's share over a 25 year production phase). 3. These numbers of 500 TCF in one zone are "not" new, but rather the Chief Minister has been getting confirmation from the NT Minerals Dept. along with more scientific updates that are confirming what Origin stated quite some time ago. 4. Lastly P50 is a strong indicator, but that is a 50% chance that the estimate of 500 TCF of "gas in place" will be proven correct, and that is good news, but that doesn't change the recovery factor of 16%. P50 is certainly better than a P10 level and not as good as a P90 level - which is probably going to be where we see the final numbers for the Velkerri B shale end up, as confidence in the Velkerri B shale continues, whereas any recovery factor for the wet gas areas are a long ways off.
dprussky
Posts: 823
Opinion:No Opinion
Price:15.425
RE: Another statement from Senator
Thu 13:28
I am bit sceptical about those statements as TCF keep getting bigger, but at the same time regardless what number you look at they are huge. I am continueing buying little by little. 1000$ today maybe 10000$ tomorrow and whoever is keeping selling the stock is just insane or desperate.
schlemiel
Posts: 1,122
Opinion:No Opinion
Price:15.60
Interesting Beetaloo - Nov-2018
Thu 12:41
Carboncubguy
Posts: 18
Opinion:No Opinion
Price:15.60
RE: Another statement from Senator
Thu 12:27
Makes the current price per acre reflected in stock price a joke! Kinda even makes the previous Davy per acre estimates really low I think. Keep buying boys, these low prices will soon be a thing of the past! WW might this news raise your stock price predictions?
schlemiel
Posts: 1,122
Opinion:No Opinion
Price:15.60
RE: Another statement from Senator
Thu 12:21
Mm - and that's AT LEAST 500 TCF at a minimum!! I hope Canavan & Gunner aren't pulling our chain here....

i need to sit down and calm down...off out
Poqfan
Posts: 8
Opinion:No Opinion
Price:15.60
SP doesn't get it
Thu 12:18
Aussie gov't gets it , Japanese get it , origin gets it FOG gets it but the market doesn't seem to grasp it !!! Yet!




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