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Looks like Tambo has resubmitted their EMP for EP136.
https://depws.nt.gov.au/onshore-gas/environment-management-plan/sweetpea-petroleum-pty-ltd-environmental-management-plan-for-beetaloo-sub-basin
Article from The Guardian Tues 24th May
One of the Northern Territory’s biggest and wealthiest pastoral landholders will join traditional owners to “resist” the entry of fracking companies on to its expansive holdings in the Beetaloo Basin.
The former Morrison government made gas exploration in the Beetaloo a central pillar of its so-called gas-led recovery from the pandemic, accelerating exploration in the region by granting big gas companies tens of millions of dollars in incentives.
Experts have warned the exploitation of the Beetaloo’s gas reserves would lead to a 13% increase to Australia’s carbon emissions, describing it as a “carbon bomb of extraordinary proportions”, while some traditional owners have raised concerns about the lack of a proper and informed consent process.
Liberals must shun ‘conspiracy theorists’ of climate wars, moderate Andrew Bragg says
Now, as Greens MPs call on Labor to reverse the Beetaloo exploration, one of the nation’s biggest pastoral landholders, Rallen Australia, is ramping up its own fight against fracking on its vast property holdings in the Beetaloo.
Rallen, owned by the wealthy Langenhoven-Ravazzotti families, says its pastoralists will on Wednesday gather with traditional owners at Tanumbirini Station – one of its giant cattle stations – to “resist” fracking company Tamboran Resources, which is seeking to explore the gas reserves on the site.
Rallen has steadfastly opposed Tamboran’s plans to frack on its land, but the gas company went to the NT Civil and Administrative Tribunal to force access to Tanumbirini Station.
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Rallen says pastoralists will gather on horses at a key access gate to monitor Tamboran’s activities, stop it from accessing no-go zones on the property, and protect water and sacred sites.
Rallen Australia’s director, Pierre Langenhoven, said it was “unprecedented” that a fracking company was trying to force access on to a cattle station without pastoralists’ consent.
From the long term perspectives this is not great start. It will be interesting to see which native families are opposing the oil companies since the ones that on actual land are OK with it.
Found the article that trying to explain situation https://www.perthnow.com.au/business/energy/gas-fracker-may-need-security-in-remote-nt-c-6931863
Sounds like the short window we had of all the stars outside the company aligning has now closed. I’m still not sure what Falcon has accomplished since the moratorium? The (by most accounts ) failed Kyalla well? The re-declaration of the Amungee flow rates because of the blockage from pre moratorium?
What else? I guess getting Sheffield to buy in is a positive. Trying to come up with more?
LK, by all accounts thats about it in 6 years!
Apparently fracking is killing things before it even started .... "We are a strong community, but fracking is killing our country and threatening our culture," the Nurrdalinji director said.
Nurrdalinji people who are complaining and Tanumbirini title holders appear to be different families so as suspected all BS nonsense and posturing.
4.3.5 Native Title
A Native Title determination (NTD33/2012 Tanumbirini PPL) has been finalised for the Area. This determination grants native title rights to the Kinbininggu and Bamarrngganja groups
I for one am exhausted by this stock and the bullcack politics that swirls around it. It's a never ending series of politically inspired lies being thrown around to catastrophise fracking and it's having an effect. The idea that pro-fracking politicians can't oppose such scaremongering defies belief. They can lockdown and destroy the freedoms of your average Australian but they can't smash Lock the feckin gate into next week....it seems if your fing is race, gender, sexuality and the climate you're given a green light to say and do what the feck u like, without sanction from the law.....it isn't equality these Marxist feckers believe in but DOMINATION AND DESTRUCTION
Origin has had literally years to prepare for drilling with a supportive government, and have dragged their feet. Maybe this change in government will get them moving, fear is a good motivator!
It would be lunacy if the Beetaloo was stopped or even paused considering the desperate need for gas in Aus and Europe now, this is the opportunity the NT needs to take advantage of.
Id like to know what Origins plans are for this year, and whether the seismic is complete, we need to crack on this year...
Longknife. There have been many screw ups! 1) in 2016 Origin were supposed to drill 2 horizontals. They drilled !. Someone ****ed it up. POQ should have held their feet to the fire. He did not in my estimation. They knew the moratorium was coming and sat on their hands. Pure incompetence. Next they spend a crap load on the Kyalla and screw that up. It may still maybe can be fixed but again they did not get it right. Then POQ does a FARM DOWN which leaves us in a less than favorable position. Then he starts a period of INVESTOR MEETS presentations where he says " no we won't be raising money in 2022" and six weeks later brings in Sheffield for $10 million USD. He ( POQ) is not CEO material in my humble opinion. It is time for Falcon to get monetized and POQ and Anne to fade off into the wild blue yonder. He has and is a big disappointment.
Origin is not O&G company so focus is not there, You can see Santos, Empire, Tamborian are moving forward pushing in some cases they do not even worry too much about crating waves in the media to achieve their timelines. Origin is soo sensitive to the media/elections/politicians it is paralyzing their progress
DP and Camelot, you are both right on the money. Every time POQ says we fully funded, BAM, another dilution. Adding his girly fiend to the board just adds insult to injury, next appointment to board will be uncle Bob. Its not the government that is holding us back, its the corporate gong show.
Then your choices - 1. Sell your shares, and remove the daily stress of holding Falcon. Many others are waiting to pickup your shares and daily frustration. 2. Create an investor movement to remove POQ (not going to happen imo). 3. Realize Sheffield does not invest in a loser, expects to make millions upon millions, and hold your shares understanding this is far from over. 4. Continue to complain to a handful on this board that will listen, and enjoy the free therapy session. I am sorry, but the same posters rant and rave about the same things daily. Broken record syndrome. I wish you all the best, but this glass needs to remain half full guys. Maybe walk away from your computer for a few days, weeks, or Falcon dog years....lol. Smile....it will happen. You will be rich (or maybe your kids?...or maybe your grandkids?) Or maybe God decides to return, and we all could care less right? We only lose, if we choose to lose.
dprussky -- I think your statement "Origin is soo sensitive to the media/elections/politicians it is paralyzing their progress" -- is certainly one aspect of Origin's serious lack of news flow.
That could, (in light of the recent Labour gov't and Green Party changes on the Federal side) possibly be a smart move on Origin's part?? Letting the greenies and media focus on Tamboran -- while Origin quietly goes about getting the seismic done and contracting a Hot rig -- might be a very smart move at this stage, or at least that is what I am hoping......
Since Origin has the necessary approvals for the first Amungee horizontal to move forward, (while they submit the EMP for the second well pad to be constructed 10 km away, plus get the bore hole water testing in place), -- I honestly don't think that Origin is delaying anything this year unless it falls outside of their control like the second well pad approval.
It would make no sense, given the almost $250 million spent to date, for Origin to let this year slide due to political correctness. Plus -- we have to remember that the Northern Territory "Labour" gov't and the opposition Party in the NT -- are both fully onside with the Beetaloo development program moving forward, and would expect Origin to continue with those approved plans.
Origin already has full access from the Aboriginal Land Council and the "Beetaloo Station" pastoral owner -- so there are no issues like Tamboran is facing currently on the Tanumbirini Station. Therefore, I fully expect a clear timeline on this year's program from POQ when he gets back from his meetings in Australian with Origin, (and other Beetaloo players), in the next week or two.
One of my newly developing concerns would be if Sheffield is the most recent 100,000 unit buyer of Falcon shares (which appears to still be a primarily LSE event and not so much on the TSX). If Sheffield just wants more cheap shares -- that is great, but what if Sheffield was possibly looking at taking Falcon private if he gains enough voting shares? Currently, about 16% of Falcon shares are totally in limbo for what looks like perpetuity due to the Sanctions on Viktor, so gaining voting control of Falcon wouldn't be quite as difficult -- especially with all the punters that are willing to give up their shares for less than 10 P.
What POQ needs is the threat or the realizations of a lawsuit. That changes everything and one that will get this precks attention! He has pushed the envelope and now it is time for us to take action. I am open to ideas...but he and Anne has been too ****y and they are hoping for us to do nothing. Maybe now we need to come together and take these precks out for good..along with Mr. Lada ( Viktor)
Newt, with all due respect, why are we NOW looking at contracting a hot rig? Couldn’t that have been done months ago? Maybe I’m wrong. Also you say we have spent $250M to date. What has Falcon received for this? For giving up 77.5pct of the permits? I’m curious as to what happens to the voting rights to Viktors shares if a takeover were attempted? Are they deleted from the equation completely? I can’t imagine a worse scenario than the Sheffield taking this private and then hitting big.
Longknife, good questions and no clear answers that I know of. I am hoping that any announcement of a Hot Rig being booked is just updating the market to something that was done at least a month ago, and that seismic is currently underway. Anything less than that would just be sear incompetence on the part of Origin at this late stage of the dry season.
I don't believe that Viktor's shares are deleted from the equation completely, but with the Sanctions in place there would be no financial benefit to Viktor in any equation -- so maybe a moot point for any attempt by Sheffield to take Falcon private. This is just pure speculation on my part and is most likely total nonsense.
@Newto "Therefore, I fully expect a clear timeline on this year's program from POQ when he gets back from his meetings in Australian with Origin, (and other Beetaloo players), in the next week or two."
Wait.....did I miss some announcement that POQ was travelling to Australia for a meeting..........how do we know this is occurring or is this pure speculation?? Hopefully he is doing something for his pay!! :-)
Origin is highly competent - snatching the rig with the lowest cost to mobilize.
Hardrock -- just a quick question on your post from yesterday where you wrote:
"Origin is highly competent - snatching the rig with the lowest cost to mobilize".
Should this have stated Tamboran or Empire? If it was Origin that snatched a low cost rig -- can you post the link to that story, but I don't think it was Origin as that would have been the first smart thing they have ever done in the Beetaloo -- LOL.
The lack of guidance for this year is truly shocking, leaving everyone in the dark is very disappointing. We are now years out from the lift of the moratorium and the stock continues to drop, very sad!
It drops on very little volume. The final buyout price is what really matters. Sheffield's financial commitment is proof of potential. Daily price watching is for day traders.
UncleBuk -- I am hoping that the absolute lack of clarity on what and when Origin is doing anything over the next six months is just to keep a very low profile in the Beetaloo -- with all the placard waving Green's now swinging their weight around in Canberra and the N.T.
That is probably just wishful thinking on my part, and the reality is just more of the same incompetence that exists in the Origin Beetaloo program??
The best news we have currently is the huge spike in gas prices for Victoria State -- as that kind of price fluctuation should help swing support back to the natural gas producers??