Falcon Oil Share Price (FOG)

fwiw, my read of the situation is:

1. When the new owner (huge CO2 producer from ceramic tile firing, methane producer from zillions of cows) bought the property, they would have to take on the existing legal access agreements, which have presumably made separately with Santos for the 2 shared wells, and with Tamboran for Maverick.
2. Santos did not complete all the paperwork for modifications to the plans for the 2 shared wells.
3. New owner sees this as an opportunity to screw some money out of Santos, takes them to court.
4. Santos pays the initial sweetener, is in negotiations to continue work on the 2 new wells. This may or may not delay work, depending upon the (financial) outcome of the negotiations. We will hear soon.
5. The Tamboran Maverick well IS on the property, but the original agreement should still be valid, unless Tamboran have also made changes to the work programme without the required paperwork, which is unlikely because we would have heard by now.
6. I see no reason why Maverick should not go ahead as planned.

@newtofo,
reason Maverick is located ON Tanumbirini station is its proximity to Carpentaria Highway. Moving it would require new round of Environmental Management Planning - a process which takes a very long time with the current NT regulator. Cost a lot of money, too. In addition, they would have to get a clearance permit for the road and incur construction costs. The dirt road will be less accessible after rain.
Hope they will manage to negotiate and drill their first well.

Logistics , found the answer page 18/ 19 on current presentation, answered me own question lol

Great propaganda Hy gen

I Couldn’t resist…. :-))

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