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Darnit: Maybe 'false' was the wrong adjective - But yes there was information given out and Origin monitored the 'airways' to see if any of it leaked. The point being they do expect sensitive information to stay private. Nothing wrong with that IMO.
I suspect and that at this point all the logging for the flow rates are done remotely through SAT links. Teams on the ground may not have access to that information.
Wet, I think Origin's HR department would find the trap of seeding false info to employees a huge problem. The general work environment would be so toxic as to cause serious feelings of persecution and antithetical to building team cohesiveness. And, there is nothing more important to Origin Team as inclusiveness and feeling safe.
Hey Wet Any chance you can get on the blower to Brian Sheffield's office to ask if he's Mr. 100k? ;-)
I had a mate check Bloomberg Terminal, but nothing significant showing..
Could be Darkpool buying. TBF.
Further to your request Mr Newtofo can I suggest you go to the EEG's Investor Relations (IR) page and then to their Investor & Analyst reports page. The company has quite a long list of broker reports that have been published on the company in the last 3 years or so - and each one accompanied by a company press release.. Blue Ocean Equities is the latest. As you'll see they have published previously on the company. You will also notice on the IR page the company has a link to another page entitled 'mailing list' where you can organise in future that these broker reports can be sent to you. Another email on the company's list will surely make Mr Underwood happy.
This latest 14 page report only generated 0.1% turnover in the stock overnight. Like TBN there's a wide bid/ask spread in the stock which lessens appeal. Some of the material in this report and others unfortunately IMHO comes across as advertorial rather than independent. research.....
Newtofo - Hey guy - not trying to say I'm absolutely right - as you and many know I have had my share of being wrong with my crystal ball.
I was thinking back to some conversations regarding Falcon/Origin some years back - I recall it being said that at times Origin would put out false/erroneous information to their crews just to see if anything 'leaks' out. If that false information starts showing up in the media or a board such as this then they know they have security issues. So am I positively 100% correct - time will tell. The lack of a leak means nothing as to predicting the flow rate.
For those new to this board - Yes this board is most definitely monitored by Origin/Falcon! Smile - Your on Candid Camera! I suspect Falcon/Origin find Hydrogen's flare post very interesting knowing they are being monitored from an eye in the sky.
B to B, when you get a chance -- would you post a link to the Blue Ocean report on Empire?
Hey Wet -- I hope you are absolutely correct that no loose lips exist with Tambo nor Santos nor their contractors. I will be more patient and wait for stellar news -- LOL.
Another broker's report on the Beetaloo published this evening - this one on EEG - that is worth a read. They also have heard the jungle drums although in this case the firm Blue Ocean Equities is located nearer EP161 on Phillip Street (than Cenkos in London, England) ?in Sydney NSW and only 4 hours 20 minutes flight time from Darwin.
The Blue Ocean Equities analyst, who I spoke to this morning, like other market players in the northern and southern hemispheres is anticipating positive numbers as and when Santos and TBN report back to the ASX during the first week of February their 30 day figures. IMHO Slides 9 and 10 of his 14 slide presentation on commercialisation of the Beetaloo in particular are worth a read. His use of rising discount numbers in calculating the value of some of EEG's assets also caught my eye. In some ways the narrative however may be jumping the gun a bit but it shows Falcon's possible way of travel Falcon might be embarking on in the next few months.
Overall of course I still prefer FOG shares to EEG and/or TBN.
Sinceday1 - You can't read anything into not hearing anything next week. Santos will report the initial flow test results when they are ready to be released - the XXMMCF/d of the flow test will not influence when the results are reported - good, bad, or exceptional the report will be issued - it gains Santos nothing to delay reporting bad results - they are what they are.
Also law suit may delay news release since there is big impact on the work program and they will need to polish that tu,,d
From my perspective I do not believe we actually will have problem, I say they may delay the news until end of the quarter if they believe it makes sense and deliver it with end quarter results. From what I can tell flaring still going, it is not getting any smaller. Water in the mud pulls is not getting any larger so I think they are done with pumping water. So I would not panic if no news next week.
Doesn’t the latest RNS explain that ?
Ok and what if we hear nothing next week ... or the week after at what point are we thinking not great results ? And where do we go from there ?
Midweek is most likely time for news to be published (Wednesday). It gives opportunity to see how market reacts and do some follow ups with the media. Friday/Monday is unlikely this is the time when they polish the wording.
Do you not think Dr Prussky that Santos/TBN might prefer to report to the ASX in this instance results for 30 days uninterrupted testing. If so end of next week (or the beginning of the following) is probably what we can expect (following the restart in early January).
In the meantime the beat of the jungle drums is getting louder and louder and clearly suggesting that all's merry and well at the EP161 near the Daly Waters local pub in the territories. Such is the mood in the camp that the positivity in the message has clearly being carried in the wind east and west and north and south to the extent that even the Cenkos team in London are now unashamedly calling 2022 the single biggest year in the one billion year history of the Beetaloo...
Notwithstanding the drum beats, what I like most about the company's press release is that we now have a plan that sets out to collate as much info' as possible to assist the monetisation process of our assets at the end of this year/first half next. Falcon is carried for 75% of the cost of this programme but the company will need to fund out of our own resources 22.5% of the balance. Although no exact figures have been disclosed the scale of what we are talking about, if we assume the Phase III budget in 2022 is say AUD 100 million, is 22.5% of AUD 25 million which is c.AUD 5.6 million or USD 4 million or GBP 3 million which the company rightly says can be funded from its own resources. Only other funding needed in the period is the buy-out of the outstanding royalty but the company will continue to have the option to put the deal back say another 12-18 months in lieu of an extra funding cost (rather than issue more shares)
The other message in the Cenkos report is the increasing evidence at the well heads of how costs in the industry continue to fall and on the flip side very strong spot and fixed contract prices for energy products.
Next week's news is increasingly eagerly awaited.
Record Gas Prices:
Australia’s biggest domestic gas supplier and operator of the Darwin LNG facility, Santos, sold all eleven of its LNG cargoes over Q4/21 at spot prices averaging US$29/mmbtu. This is c7x higher than the average US natural gas price during the same period, and bodes very well for the commercialisation of the Beetaloo, which is just 600km south of the Darwin LNG facilities. Equally, Woodside took advantage of the US$29/mmbtu spot JKM LNG price to realise an average LNG sales price during Q4/21 of US$93/boe. Given Falcon’s strategy to monetise its interest in the Beetaloo once commercialisation has been established, we are highly encouraged by the Q4/21 results from some of Falcon’s potential suitors, with many announcing record sales revenues and free cash flow.
Last chance at these prices ? I'm Inclined to agree Dprussky... the TBN RNS is dated 30th December.
The satellite first shows a flame 29th ... but nothing on the 3rd Jan (due to poor weather)
Sadly nothing 24th dec; whist there is an image, but a hard edged fluffy cumulous cloud, is directly over and shadows that part of the site.
However, I can see NO heat response either on SWIR on 14th Dec, 19th Dec or 24th (which as mentioned is partially obstructed/cloudy)
Therefore IMO that suggests, it is possible they had the well flowing back frack fluid over Christmas until until gas breakthrough just after Xmas... say either 26/27/28th Dec and reported it to market, only once confident, on December 30th, once they they were sure they had a steady flow of gas...
Let's assume 28th flow test commenced... well 30 days is today. But they may have lost 2/3 days due to weather.
Australia day today... bank holiday. That means in principle 30 day flow test results should come any day from 27th Jan.
IMO ... Big News any day now.
I bet 30 days already here, companies usually do not publish the news right away. I suspect it is about week buffer.
30 days maybe this Friday but I'm guessing we might have a short delay as there was a break on activities in early January when the heavy rains and strong winds swept through the area.
Flow test results ...? . Not long now to Tamboran result...
30 days will be Friday... weather event may have slightly delay that.
Early next week maybe....
Canada market dip was bought yesterday..
Buyers in the market...
Natural GAS Prices picking up again...