Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
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Third and final attempt to post this message -- as first two disappeared into cyberspace.
With all the current demonstrations around the world against climate change and against fossil fuels -- it would be nice to see some seriously strong promotional work done by the Aussie governments along side companies like Origin and Santos -- showing how natural gas can be a big part of the "solution" going forward.
There is no doubt that climate change is real and that it will have a severe impact on future generations along with a devastating impact on low lying areas around the world from rising water levels and catastrophic storms. However, we need to see some serious campaigns that show that Aussie natural gas can have a very positive impact on reducing CO2 levels around the world by switching out coal fired plants in China, India, and Australia too.
The Aussie governments in Canberra and in Darwin have to help offset the nimby attitude of the LTG fanatics - that want to kill the Beetaloo -- even if it means that more coal fired plants stay in production all across Asia. This can be done by clearly showing the massive reduction in CO2 levels that can be had by switching out coal fired electrical production plants in Asia -- as well as being the best fuel for switching over between solar or wind farms electrical production when those alternative energy sources are off line.
By 2040 it is hoped that even gas fired electrical plants are totally on the decline with only peak period demand production via gas being required -- otherwise my son's and grandchildren's future are looking a lot worse than I care to think too deeply about. Fortunately, the future prospects for Falcon and the Beetaloo gas should be a big part of that solution over the next 20 years - as natural gas can help to significantly reduce CO2 in Asia while renewable energy keeps ramping up.
No news is good news.....so they say??
Bigones -- Relax you are going to have an ulcer or a heart attack. When they want to let us know -- they will let us know. Up to Origin.
The rig may or may not be on site, the rig may or may not be being assembled, the spudding may or may not of happened, and the drilling rig could or couldn't be drilling ! I guess only the big shareholders have been informed while the rest are told to eat cake ! Nice updates POQ but I bet your friends are well informed.
or maybe acquisition
Today - 'The rising wave of restructuring in the country's oil and gas sector has reached a new level with suggestions that Japan's Inpex Corporation may be considering a potential float of its Australian operations, centred around the $US45 billion ($66 billion) Ichthys liquefied natural gas project in northern Australia.' (Afr.com)
Interesting. Are they raising capital for NT expansion?
'details of the SETTLEMENT remain confidential'
sorted, now get yer ass in gear and get that drill-bit turning ffs..thanks!
Sorry should also let you know it starts at 55:10 for the story on Origin.
Here is the link to the radio report that says the Blundy case has been settled.
That's good news, gets the monkey off our back. Let's hope Origin learn their lesson from that.
It is another step in the right direction.
Don't know why it won't let me post the link but it was discussed on the ABC Radio Darwin with Jo Laverty show from Sept 17, 2019 with the report on the Blundy case starting at 55:10
Is it game on then do you reckon?
I think that WetWater is most likely correct about the drilling already being underway for probably only a day or two at this point. Origin will be of the opinion that no news is good news right now given the constant harassment from the anti-frack crowd.
The assembly time and spudding of the first well should be underway by now given both the newer style of that rig and the daily expense for the Ensign 963. As far as spies knowing more about what is happening on the ground -- there is certainly the chance that someone hanging out at the Daly Waters pub could find out a bit of info, but the drilling crew will be under a very tight rein to not say anything. Access to the drilling site will be very prohibitive given the restricted access and distance over the pastoral lease -- so it would require the expense of hiring a plane most likely to know for sure if the drill bit is turning.
For any new Falcon buyers that might not have seen how quickly the very modern walking Ensign 963 rig is assembled and can move to another well pad location -- here is a short YouTube link below that is worth the three minute viewing time.
Origin Energy has settled the first lawsuit launched in the NT against planned gas fracking works. Amungee Mungee cattle station owner, Brett Blundy, started Supreme Court action against Origin Energy alleging they had been inadequately consulted on planned works and environmental impacts. Origin agreed they had provided incorrect information. The details of the settlement are confidential.
L2 is 4 v 1 (90k v 25k) so the order book is skewed to the buy side but that can sometimes be deceptive as MMs can adjust their position in the blink of an eye...
Origin especially is in a bind as they try to keep their activities out of the public eye to minimise the chance of disruption to their on the ground movements...that necessarily means an almost unofficial embargo on news...let's see what happens in the next few weeks or so to see if FOG starts getting bought again. As always there's always insider buying no matter how hard the authorities try to stop it
That's an interesting theory, I, however, would believe that scouts would have been hired and surveillance initiated, and if what you are saying is correct, then we should see some buying coming in as they make progress-- by the Scout's employer. Too much money at stake, for everyone to be in the dark.....
Origin789: Maybe someone can verify this but I was told on the Amungee well there was a week or two of actual drilling by Origin before any announcement. An Origin person said this delay was intentional to help sniff out any insider release of information or insider trading. The on-site personal were gravely cautioned not to release any drilling information or results - in other words the one or two weeks was a test to see if they had any leakers. I was always amazed at how quiet the Origin employees were with the Amungee well - the well was a real game changer yet the volume and price action of Falcon showed no indication of what was being tested/discovered.
Could today be a replay of the Amungee well - might possibly be. I am very confident that this well is currently being drilled. It doesn't take this long to assemble a rig and get it turning. Origin made it pretty clear they would not even consider ordering the rig until they had a permit in hand - they were not wanting exposure to any very expensive daily stand-by rates. The Ensign rig will have been put into operation as soon as possible - IMO that time has passed and the rig is drilling. My big question is for how long will they keep a lid on any release.
So Origin is working in the best interest of their shareholders and Falcon doesn't have a shareholder advocate ? Would be nice to have knowledge that the rig is there , being assembled , spudding planned and when drilling will commence , not just rumors and hearsay . I knew a private detective that was hired by large shareholders who was sent to gather info , buy drinks and converse with workers to be the first to know here in Wyoming as to what was going on. Can't find one article that confirms what we HOPE is going on. Lots of updates LOL
Don’t be surprised if the first real news we hear is that Origin has made an offer for our 30%. The more I think about this the more it makes sense.
- who controls Informaton flow - Origin
- low share price - benefits Origin
- stock price pinned - benefits Origin
- no news keeps volume low - benefits Origin
- unusually quiet - benefits Origin
Time will tell. November could be interesting.
Your observation is on the money. POQ seems to have learned HYPE is our worst enemy for FOG shareholders. Granted the share price is not where anyone, except those being granted options, would like it to be. The shares will move based on solid information (good or bad). Currently, the "liquidation" of shares is a bad reality, but this too shall pass. Approaching 10 years of mostly misery in my shares like many of you, but the end of this tragedy by definition is closer, hopefully with a good result. Hang in there!!
Things are unusually quiet, back in 2016 there seemed to be more information released, reports of commencement, of successful spudding and dates of horizontal fracturing. I trust things are progressing well without any problems.
The Onshore Shale Gas Community and Business Reference Group (Reference Group) held its fifth meeting in Darwin on 28 August 2019.
Established to provide a forum for government to seek advice and share information, the Reference Group received updates on:
baseline methane monitoring and groundwater characteristics of the Beetaloo Sub-basin
the public comment process for Environment Management Plans
the progress of the Framework for Strategic Regional Environmental and Baseline Assessments (SREBA)
key actions to support industry development, and position NT businesses to benefit from development of the onshore gas industry, which include:
a study into the infrastructure and logistics required to support development of the onshore industry
a study to map existing industry capabilities and what work is being delivered by local firms and joint ventures to support the development of the offshore industry
planning for an NT Oil and Gas Service and Supply Strategy and Action Plan to identify and build local capability, strengthen local procurement strategies, workforce capability and local participation.
The Reference Group discussed the implementation priorities for 2019-20, and acknowledged that as at 28 August 2019, 54 of the 135 recommendations were fully implemented with a further 73 commenced.
Communique 5 from this meeting has been published and is available here