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Hello everyone,
These are wonderful results!
Quick question: what is the total amount of money needed for the 2024 to 2026 program? Or how much money does Falcon need?
Are there already approximate values?
Thank you for a brief answer.
I find Sandydune's approach very interesting and think it is quite possible.
By the way, I watched Phillip's video. A real fox.
He knows exactly what he's saying and why he's saying it. He won't say or do anything to weaken his negotiating position.
Because of his shares and options, a successful and good sale will put a big chunk of money in his pockets.
And I think that's a good thing, because we all benefit from it. A small apartment on Lake Garda would be my dream....
The landscape is beautiful and the climate is mild all year round (I'm a bit older now with Falcon).
And our Italian neighbors are really lovely people.
Maybe my building savings contract and a good sale price for Falcon in 3 to 4 years will be enough....
Cove Energy has been mentioned here several times. I had a look at the Wikipedia page. Very interesting!
I also assume that the big players on the market are now looking very closely at what is happening in Beetaloo. Very closely!
Let's take a look.
Best regards
Hello everyone,
after many years of being a shareholder at Falcon, things are now getting really exciting. Yes, I'm getting a bit nervous now too. And usually only very pretty ladies can do that.
Thanks to all forum participants for the great contributions, the various ideas and also the information.
I would be delighted for all of us to receive a nice reward for our financial commitment and especially for our patience.
I'm keeping my fingers crossed for us and wish you all a great week!
Hello everyone,
a belated Happy New Year 2024 to everyone.
I hope this year takes us - especially us long-standing shareholders - in the right direction.
The next few weeks will be very exciting. In my opinion, all the wonderful reports, especially from Tamboran, won't do us much good as long as we don't get good results from our current well.
To be honest, I find this amount of reports irritating.
The only thing that counts is good drilling results!
I think if the results don't turn out the way we want, it could be a lot more challenging for Tamboran than Falcon.
That's where our option that we can but don't have to participate helps us a lot, even if that would probably set both companies back considerably.
But Tamboran has to push ahead.
If we fail, Brian's influence and perhaps also Tamboran's share would probably rise sharply.
But what do I know, everything I write is just conjecture.
So, now I've written enough about possible failures and am keeping my fingers crossed that we all get a really great result in the next few weeks!
Best regards
Ok for starters but not impressive in my opinion.
With a horizontal length of 1000 meters I would be thrilled, but I think there were about 40 fracking stages on a horizontal length of about 1900 meters that were fracked. But I'll have to read it again, I'm not quite sure. So if I'm not mistaken, they are around 1.7 mmscf per day over 1,000 meters.
Hi BlooBird,
i hope I'm repeating it correctly. As I understand it, we can decide for each new well whether we want to participate and with what percentage (0% to max. 22.5%). If we don't participate, we lose interest in that area of the well. But that area per well is I think only about 1 in about 800 of our total acreage in the Beetaloo. In my opinion, this clause is worth its weight in gold. We should let our young partners go ahead completely with the next drilling until there is a very good success rate here (the code is cracked). If that's the case, we don't have to worry and until then we don't have to spend our money or accept dilution of our stock. I really like this clause that Phillip negotiated for us. Even if we have to do without 1, 2 or even 5% of our acreage after 5 or 10 more wells.... that doesn't matter at all....
@Native speakers please: I hope I got it right
That's all great what Jo is doing there, but maybe the bear should be killed before you start thinking about the distribution of the fur. And then gladly use your time and energy for it.
It's nice if the Beetaloo becomes better known as a result, but from a marketing point of view the shoe will eventually wear out.
It's good to see that things are moving forward.
I honestly don't care if the drilling takes longer or less time.
My hope is that we don't have any skin or other damage again.
Then everything is fine for me... coupled with a nice flow rate.
And then I'm sure our bird will take off.
Hello all,
is it my age or the fact that I've been following Beetaloo since 2006?
We have had so many obstacles thrown in our way during these years and have also experienced several unfortunate events that it no longer bothers me. In my opinion, this story will also dissolve into nothing.
Stay relaxed on this point and remain hopeful for the further developments of our bird.
I expect to sell my shares in Beetaloo at the latest in my 20th year with Beetaloo basin (2026) for a very nice profit. I hope for a very nice pain money.... first the pain... then the money....
If not ... the earth will keep spinning too.
KR
Beetaloo
Hello Newtofo,
if I may, I'd be very happy to join the round of golf with you, Philip and Hardrock.
However, I don't think Philip has enough time with 50 Cent/Share to join us yet. Probably 50 Cent is not yet Philip's (and actually not mine) planned exit course after all these years with FOG. I see it as soon as at least 6 TCF (probably more) of secure reserves combined with a good economic recovery have been proven. Then our share price or the value per share should actually be at least double to 3 times the above figure (50 cents). I wish it very much for all of us and keep my fingers crossed for the developments in the near future!
The nice thing sometimes is that despite my second half of life I can still dream ... what if in maybe 3 to 5 years we could prove 10 or 15 TCF.
Unfortunately, you are right and I have to make a small confession :-) as I use technical help from time to time regarding the writing of the texts. But indeed, reading the texts I see a nice improvement in my English skills after all these years.
Many greetings and in advance a nice weekend to all of you.
Beetaloo
So, as a man who got grey years in the many years with FOG, a word of advice
(yes, it was certainly not only due to FOG ... LOL)
Stay cool, we can't influence the production figures and don't set your frustration limit too tight. After all, the time until we have the results is really manageable. As I think we are still in a phase of cracking the code, I think a production of 3 (which Phillip is talking about) is perfectly fine. If it's more, I'm really happy, if it's 3, all is well with the world for me. From a marketing point of view, setting lower expectations is of course a smart thing to do.
If we reach 5, Mr. Riddle and all those involved will certainly unpack the big advertising drum..... I will probably hear them directly all the way to Europe even without an amplifier :-)
We will then certainly get the attention of the market, which will hopefully have a lasting effect on the share price, so that I can go golfing with Newtofo at some point.
Hi WetWater,
I think you're setting the line on disappointment a little too narrowly.
If we or our neighbours get 6 to 8 mm/cfd at about 2,000 metres, that would be a nice thing.
10 to 15 I think is too much of a reach for the stars, but would make me very happy. I'll keep my fingers crossed for us.
Best wishes and a healthy and successful 2023 to all here in the forum. After more than 10 years with Falcon, I believe that it will bring us a turnaround.
Beetaloo
Hello Hardrock,
thanks for the contribution.
Under 10 million for the drilling. I can't put my finger on what that 10 million was, but didn't we spend a lot more than that? Would be nice if together with increasing experience we manage to squeeze the drilling costs and thus gain and increase the economic viability (with reasonable production).
many greetings
Beetaloo
Unfortunately I'm not quite up to date with Tamboran.
Have they collected all the money needed for the next drilling operations and the other financial obligations currently and for the near future? I am thinking here of the funds needed for 2023 and possibly 2024. Is no small sum that is needed here. Should we have good success in the next drilling operations, further fundraising should not be difficult.
Thanks
Beetaloo
Hello Wet,
as I have written before, I could also imagine that.
In my opinion, the takeover of the share of Beetaloo shares from Origin without involving us was already a bit special.
Here, in my opinion, Philip and our ROFR already saved our neck.
And yes, here I thank PoQ for putting us in a situation that protects us somewhat.
But we have to be careful in the future as well.
BR
Beetaloo