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Pin to quick picksFalcon Oil Share News (FOG)

Share Price Information for Falcon Oil (FOG)

London Stock Exchange
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Share Price: 6.60
Bid: 6.50
Ask: 6.70
Change: 0.00 (0.00%)
Spread: 0.20 (3.077%)
Open: 0.00
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Low: 0.00
Prev. Close: 6.60
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Falcon and Origin discover petroleum at Amungee

Wed, 12th Oct 2016 11:08

(ShareCast News) - Falcon Oil & Gas announced on Wednesday that its joint venture partner Origin Energy Resources has submitted a notification of discovery and an initial report on discovery to the Department of Primary Industry and Resources of the Northern Territory, Australia, on the Amungee NW-1H well in the Beetaloo Basin.The AIM-traded firm said Origin has now gathered sufficient data to confirm the discovery of a petroleum accumulation, with production test data supported by petrophysical log data along with full and sidewall core analysis confirming the discovery.It said gas rates range between 0.8 and 1.2 million standard cubic feet per day with continuing flow back of hydraulic fracture stimulation fluid of volumes between 100 and 400 barrels per day.Initial estimates suggested a dry gas composition with less than 4% CO2, it said.The main physical properties of the discovered accumulation are a thickness of 30 meters, between 4.0% and 7.5% porosity, a gas saturation range of 50% to 75%, and permeability between 50 and 500 nanodarcy.An evaluation to determine the resource size is underway, Falcon confirmed."The Notification of Discovery issued by Origin is an exciting development and provides further evidence of the scale of the resource potential of the Beetaloo Basin," said CEO Philip O'Quigley."We look forward to updating the market when the evaluation to determine the resource size is concluded."
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23 Jul 2014 09:01

Wednesday broker round-up UPDATE

Abcam: Canaccord Genuity ups target price from 375p to 400p and upgrades from hold to buy. ARM Holdings: Deutsche Bank cuts target price from 975p to 950p and maintains a hold recommendation. Credit Suisse lowers target price from 1125p to 1100p and leaves its outperform rating unaltered. Beazley:

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16 May 2014 12:10

UK MIDDAY BRIEFING: Carphone In Talks To Sell French Mobile Venture

LONDON (Alliance News) - Carphone Warehouse and Virgin Group are in exclusive talks to sell their Virgin Mobile France joint venture to Numericable Group for EUR325 million, just a day after Carphone announced its GBP3.6 billion merger with Dixons Retail.

The joint

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16 May 2014 10:29

UK WINNERS & LOSERS: LED International Off 58% As It Awaits Cash

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
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WM Morrison Supermarkets, up 4.2%, J Sainsbury, up 2.6%, and

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16 May 2014 10:18

Falcon Oil Fails To Find Commercial Hydrocarbons From Kutvolgy-1

LONDON (Alliance News) - Falcon Oil & Gas Ltd Friday said its second exploration well at the Mako Trough in Hungary has gone into test drilling, but results from its first well at the site have failed to show commercial levels of hydrocarbons. The oil and gas exploration and development com

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2 May 2014 11:56

UK MIDDAY BRIEFING: IHG, RBS And AstraZeneca Highlight London Trade

LONDON (Alliance News) - InterContinental Hotels Group saw its share price jump Friday after the company declared a USD750 million special dividend and reported strong results for its first quarter.

IHG's dividend comes after the firm completed two asset disposals

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2 May 2014 11:00

UK WINNERS & LOSERS: InterContinental Hotels, RBS Lead FTSE 100

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.
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FTSE 100 - WINNERS
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InterContinental Hotels Group, up 8%. The company has reported that revenue pe

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2 May 2014 09:39

Falcon Oil & Gas Agrees "Transformational" Farm-Out Deal

LONDON (Alliance News) - Falcon Oil & Gas Limited said Friday that its 98% subsidiary, Falcon Oil & Gas Australia Limited has signed "transformational" agreements for its exploration permits in the Beetaloo Basin in Australia. Falcon said that its Australian firm has executed Definitive Agr

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28 Apr 2014 10:33

Falcon Oil & Gas Says It Can't Explain Share Price Drop

LONDON (Alliance News) - Falcon Oil & Gas Ltd Monday said it is unaware of any reason for its recent share price fall on the Canadian TSX Venture Exchange. The company's shares fell by 19% on TSX on Friday to CAD0.145, and its shares on London's AIM are off 7.7% to 8.65 pence Monday morning

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1 Nov 2013 12:52

UK WINNERS & LOSERS: Vodafone Up But Meggitt Slides After Warning

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1 Nov 2013 12:00

Falcon Oil & Gas Rises As It Buys Up Overriding Royalty Interests

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30 May 2013 08:19

Thursday broker round-up UPDATE

AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C

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24 May 2013 08:14

Falcon Oil & Gas consolidates interest in Beetaloo Basin

AIM-listed Falcon Oil & Gas has executed a conditional agreement with Sweetpea Petroleum Pty, a wholly-owned subsidiary of PetroHunter Energy Corporation, to acquire its 50m shares (or 24.2 per cent interest) in Falcon Oil & Gas Australia(FOGA). FOGA is a subsidiary of Falcon and is the registered

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