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Stingy James L, thanks for the reply and for the laugh.
The "recommend" button seems to have a lot in common with our share price. Totally random and no rhyme nor reason behind it!
Nerves: I'm able to "Recommend"; I'm on a desktop PC running Windows 10 and Chrome browser. I am also able on a laptop running Windows Vista and Firefox. Just want to mention that I am somewhat "stingy" with my bag of "Recommend" tokens, though ;-)
Thank you!
two weeks ago i had the same problem
now it works again
It's weird, Guernica, how some can and some can't. Could someone who's still able to recommend please chime in and let us know what device and browser you're using?
TDA, I've never been involved in a buyout with those conditions but I DO know it's an option in such cases as ours. The "chunk" of shares would very much depend on the quantity of resources we'd proved up at the time. For example, if the cash price would've been, say, $4 per share (just plucking numbers out of my head here) then we could get $2 in cash plus $2 worth of shares in the buyer's company, leaving us free to cash out and be no worse off than had we taken the $4 in cash, or alternatively, hold on to the new shares and (hopefully) reap the rewards over the coming years. That way we could participate in whatever the ultimate find turns out to be without waiting until (many of us) are in a retirement home!
For myself, that would be the preferred option - a smaller amount of cash in hand sooner, plus the prospect of ongoing dividends for the rest of my life.
FYI...I can no longer recommend either on my Samsung Note...
Newt, have logged in on my phone for the first time and STILL can't recommend which knocks out my previous theories. Maybe all posters with user names beginning with N are blocked from expressing their opinions or maybe they think we've been too free with our appreciation in the past and we've run out of "likes"!
Nerves.....curious as to how in your opinion you would define "chunk of shares in the buyer's company"? Have you had experience with this before? I also agree $2 would be very low, and only accepted if the "chunk" was of serious potential value. Your thoughts are appreciated! Thank you!
Thanks Nerves, I am on Chrome and have tried logging in and out a couple of times, but still no luck in getting the recommend feature to work. However, most posters here know that if the post is relevant and adds to our overall knowledge on all things Falcon -- just know that I have at least hit the recommend button, and that there is more "recommends" than the number shown :)
Poods and WW, I totally agree with both of you. I'm certain POQ will do all in his power to dissuade shareholders from accepting any offer that may come in before the 4 wells are completed. He's said so often enough.
It's also clear that to get the full picture on our vast acreage will require more than 4 wells. That's why my preferred option would be a low cash offer (low to me would be $2 per share, incidentally) plus a chunk of shares in the buyer's company. That way anyone who wanted to cash out immediately could simply sell their newly-acquired shares whilst anyone else could hang on to them for greater profits and ongoing dividends in the future.
And to Newty - this is the first time I've been logged in for a while (been here of course, only really need to log in to post) and I've also discovered that the "Recommend" feature you were talking about isn't working for me either. I was on another ISE chat board and saw people saying the same thing so it must be browser/cache related as obviously some others are still able to recommend. I'm on Safari so I might give Chrome a try. Don't like clearing the cache too often as I then have to log back in to every site I visit. Just wanted to let you know you're not alone!
WW-
If we are lucky and get 4 good wells that is a good start, but will not delineate such a large structure to the level a knowledgeable seller should require. Not yelling at anyone, simply trying to inform fellow shareholders. I have more than learned a few things in over 50 years in the investment business and am dimply trying to help. If you already know the things I mention, then simply ignore me and let others assess for themselves. Best to us all.
Poods: You don’t wear your disdain on your sleeve very well - you certainly don’t need to yell it at us. You are either blinded by that disdain or you just don’t pay attention! POQ has said on several occasions that the last thing he wants to do is entertain an offer before ALL WELLS ARE DRILLED!!!
One thing that is abundantly clear (to me at least) is that no matter how good, mediocre or bad the first well in the appraisal phase is it will in no way give an indication of the total recoverable resource in the play. Also, there is no way the well design will be optimal, or representative of well costs in the future as more data and a better understanding are learned. The 85tcf of recoverable reserves is highly suspect at this point as well--could be more could be less, but for some reason it's a number everyone like to toss about and I guess that's fine, but I sure don't believe it is going to be proved correct.
My comment regarding rushing is simply after our long wait, we should take the time to properly evaluate this potentially large structure. This cannot be done is a short period of time. There are probably several years of drilling in key locations, each determined by data collected and evaluated with each additional well. The more accurately one can delineate a structure and its production characteristics, the easier and more accurate for the parties to determine a value.
Northern gas shake-up seen triggered by Santos deal
OCTOBER 15, 2019
Santos, which already has an unconventional exploration program in preparation further to the west in the NT's McArthur Basin. said the ramp-up of activity there, including two wells to be drilled next year, would benefit exploration in the South Nicholson basin.
"Given the proximity to the Northern Gas Pipeline, the farm-in permits are well located to supply the East Coast domestic and LNG export markets," a Santos spokeswoman said, referring to the pipeline that connects the NT to the east coast gas grid, which includes a link to Queensland's LNG export plants in Gladstone.
The Darwin reshuffle could involve Japan's Inpex Corporation and Japanese LNG customers at the Darwin project taking up stakes in Barossa, a $US4.7 billion ($6.9 billion) gas project heading toward a final go-ahead in early 2020.
The commitment of another Darwin LNG partner, Italy's Eni, is regarded as less certain, with consultancy Wood Mackenzie saying in August it regarded it as potentially interested in selling its gas interests in Australia to focus on "more attractive" opportunities in the Middle East and Mozambique.
The $US1.465 billion Santos-Conoco deal is the first among some $US32 billion of oil and gas assets around the Australian region identified by Wood Mackenzie as potentially to be traded over the next few years. Senior analyst David Low said it would act as a "catalyst" for the further alignment of equity across the Darwin LNG project and its existing and new gas supply sources.
South Korea's SK E&S, the third partner in Barossa alongside Santos and Conoco, has already signed an agreement to buy a 25 per cent stake in Bayu-Undan and Darwin LNG.
Giant LNG importer JERA, which owns 6.1 per cent of Darwin LNG and Bayu-Undan, is also expected to buy into Barossa to align its interests across the ventures.
Shares in Santos meanwhile retreated as much as 3.1 per cent on Tuesday after Monday's 5.7 per cent jump as analysts pondered the value of the deal for Santos, given several uncertainties which will play into the equation.
These include the terms on which gas from the Barossa field are processed at the Darwin LNG plant and the final costs for abandonment of the Bayu-Undan field, for which Conoco is said to have guided $US600 million. Also still up in the air is the final cost of developing the Barossa field, the price reviews under way for existing long-term sales contracts for Darwin LNG and the new contracts that are required to underpin the additional 10 years of the LNG plant operation using the new gas supply source.
What do you mean by rushing the results? Rushing getting to get a deal and selling the asset too quickly or something else?
TOTALLY AGREE. IF THE FIRST WELLS ARE GOOD, THEN ADDITIONAL DRILLING WILL FIRM UP THE VALUES IN PLACE. AFTER THIS LONG WAIT, RUSHING THE RESULTS IS AN AMATEUR MOVE POQ MIGHT MAKE; LET'S HOPE NOT.
We can partially console ourselves with the possibility that at some stage FOG's 30% will attract an offer pre or post the next exploration well, dependent of drilling results of course
Personally I am hopping for some additional tested reserves first. Rather than receiving an offer on the current and last wells.
Northern gas shake-up seen triggered by Santos deal
Oct-15
Angela Macdonald-Smith
'Santos' $2.2 billion acquisition of the northern Australian gas business of Conoco-Phillips is tipped to set off a wave of asset deals in the region as players get their interests aligned across existing LNG projects and their new sources of gas supply.'
rest is subs
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https://www.afr.com/companies/energy/northern-gas-shake-up-seen-triggered-by-santos-deal-20191015-p530qv
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If the next set of appraisals come in decent It wouldn't surprise me if FOG's 30% attracts an offer even before the next exploration well
The Santos-CP deal this week does suggest an appetite for further corporate activity in the LNG space
Prob seen before.
https://www.energymagazine.com.au/global-energy-players-in-2-2-billion-mega-deal-for-australian-assets/
I think the recommend feature is only active if it is a device that you are logged into the site with your password, even if you lived in a year ago last, it should still recognize your device as being registered? Thanks for your posts, and Schlemiels also. GLA.
Great article schlemiel -- as I think Santos is either first or second on a preferred buyer list for Falcon, especially if the lower Kyalla performs with liquids and dry gas. Santos has no share of the lower Kyally at all on their portion of the Beetaloo -- so it makes sense for Gallagher to be watching our Kyalla well results as keenly as we will be watching their results next door.
On a separate note, does anyone know how I turn back on my "Recommend" button at the bottom of posts, as for some reason - when I click on the Recommend heading it no longer registers as another recommendation?