The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
no buyers, 2,5K volume, tax selling (if at all). Other than that nothing needs to be said, not even what you said - we can see the SP. Let's hope they will complete the vertical next week and the related RNS lifts up the SP. GLTA
Hello Mr. Minnow! I personally got confused by the whereabouts and lengths of your holes. First, vertical 2450m, then a horizontal on it 1000m. The second horizontal will be determined later, I guess based on the first one's success/failure. Let's keep it simple and GLTA!
"Origin receives non-binding, indicative offer at $9.00 per share
Origin Energy Limited (Origin) advises it has received an indicative, conditional and nonbinding proposal from Brookfield Asset Management Inc., together with its affiliates and their managed funds (Brookfield) and MidOcean Energy (MidOcean), an LNG company formed and managed by EIG (the Consortium), to acquire all the issued shares in Origin, by way of a scheme of arrangement, at a price of $9.00 cash per share1 (Indicative Proposal). This Indicative Proposal values Origin at $18.4 billion on an enterprise value basis.
The price payable under the Indicative Proposal would be reduced by the amount of any dividend paid by Origin prior to implementation of the proposed scheme of arrangement, however, if implementation occurs later than 15 May 2023, the offer price under the Indicative Proposal would then increase by $0.03 per month.
The Indicative Proposal follows an earlier indicative proposal from the Consortium to acquire Origin for $7.95 cash per share on 8 August 2022 (equivalent to $7.79 cash per Origin share following the announcement and payment of the H2 2022 dividend of 16.5 cents per share).
On 18 September 2022, the Consortium made a further proposal to acquire Origin at an indicative price of $8.70 to 8.90 per share2. Given the preliminary and highly conditional nature of these initial indicative proposals, and following the signing of a confidentiality agreement containing customary disclosure restrictions and standstills, the Board undertook a period of limited discussions and information sharing with the Consortium in order to address certain conditions and ascertain whether the Consortium could develop a proposal which was likely to be in the best interests of Origin shareholders.
Following that engagement, the Consortium has submitted the Indicative Proposal, which represents an increase of 16 per cent on its initial proposal and at a premium to Origin's last trading share price (as at 9 November 2022) of:
• 54.9% to the closing price of $5.81 per share on 9 November 2022;
• 60.6% to the one month volume weighted average price (VWAP) of $5.60 per share
on 9 November 2022; and
• 56.3% to the three month VWAP of $5.76 per share on 9 November 2022.
The Indicative Proposal from the Consortium proposes that ultimately Brookfield would acquire Origin’s Energy Markets business and MidOcean would acquire the Integrated Gas business.''
Wet, I think frustration is normal at this stage amid continual uncertainty, but not on a board where I think we should grasp every inch of hope. Those who lost hope in Falcon should either sell and move on or stay and stop annoying others aka. ‘stomach it’! I can personally stomach the facts and delays and wish others the same. Stay focused on the prospect. Mocking others leads only to more frustration across the board - the least of what we just need these times. Hence my reminder about the Filters button once again. GLTA!
Thank God for the Filters button... why would the site be prepared and seen massive changes every 5 days if the drilling was not to commence this year? Get in, get out or stay! Time will not pass faster by moaning and making ridiculous cry comments! Get some excitement about our upcoming RNS which is closer every day! GLTA
To believe = go to church. To speculate = wait and see. To invest = do or do not. To be back seated = fasten your seat belts. Defeat is not yet defined by any means. Goodbye smallfish, your departure will be more than welcome by the sharks like BS.
Hi Mr. Out-of-nowhere, we follow a so called 'wait and see' strategy here. Wanna see more?
1. Go to youtube to find the latest Q&A.
2. What's more, Falcon even has a website! If you need the address, let me know.
Good for you, follow both tbn and eeg. Why aren't you buying some more of their shares tomorrow morning ? Such a bargain and you got my long term support too. GLTA Beetaloo betters
Selloff before some big news? Or a destressed US seller basing on Biden's plans to sell US oil reserves by the EOY?! https://www.reuters.com/markets/us/biden-lay-out-plan-complete-emergency-oil-sales-spark-us-production-2022-10-18/
Hi B2B, don't get me wrong, I stay positive about Falcon. However, Cenkos' BUY rating has been reiterated since 2018, when the SP was 16p, while now we are sitting on 6.4p. Drilling + good results will be postworthy, not this IMO. GLTA
Hi WW, you noted in the end of August:
''I have heard very exciting rumors as to whom Origin is in talks with - if rumor has is right, that transaction will be sooner rather than later. Falcon is on the verge of greatly improving its shareholder value - yours and mine!''
Now that we see the cat is out of the bag, was your 'rumor' right? Are you personally happy with Tambo and what time frames you see for 'greatly improving its shareholder value - your and mine!'?
I can feel your pain Camelot, being 5 years plus 'all-in' holder of Falcon. I am just as frustrated as you are or even more, but let's stick to our asset and blame the shales not to release the gas as fast as we could have dreamt of.
Let's take Joel Riddle as an example, a few months ago he was praised for his great leadership, attracting the Sheffield family's investment and keeping the timelines. The market certainly does not regard him as highly as it did a few months ago. Why? He could not deliver the numbers on their first wells and now is facing land access issues.
Can you please list your pieces of advice what POQ should have done differently? Drilling locations? Communication? Choice of operator? Personally I would put more blame on the climate change, the moratorium and Origin (which in the beginning seemed to be such an ideal choice!). We are not Apple or Tesla investors where one man can change the game. We are much more vulnerable to the external circumstances than to a single brain. ''Follow the science'' but an unconventional shale play is not an exact science.
The bottom line is that odds have significantly improved over the years and our pay day is close. Should we think differently, we would probably not hold this stock. 12 months or 18 months, time will tell. I know, these timelines were similar 2-3-4 years ago too! But what else can we do than wait and hope that FOG will finally learn to fly and stay mid-air? I think that blaming our board at this point is somewhat too late and could do more with some positivity; trust and a pinch of luck. JMO
Thanks ITguy, seen the last release. Q1 ends in 2 days, Q2 starts in 3 days. So the 2 weeks into an April news release still seems to be feasible. I agree with the previous posts though that we need to show commerciality on our acreage in the first place - just looking for a bit of hope to see some additional support for the Beetaloo's commerciality before we kick in. GLTA
First flare appeared on 2021-12-29, the last one on 2022-03-24. Can we assume the 90-days flow test now complete and expect the final results/announcement in a few days or is it subject to further analysis for a week or two?
https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.40101&lng=134.70346&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2022-03-29T00%3A00%3A00.000Z&toTime=2022-03-29T23%3A59%3A59.999Z&layerId=4-FALSE-COLOR-URBAN
See today's RNS. The Lamesa shares are quarantined since 2018. Wouldn't bother too much about it. Worry more about TBN's flow test that could either delay commerciality of the Beetaloo further or significantly move up our SP in case of positive news and a nice xy TCF reserve. GLTA
I would expect the next big news that could move our SP either way within 4 weeks from our neighbor - the 90 days flow test results. How could the mid-January well shut-in affect the timings and flow rates? Can they possibly improve or would the ~2.5-2.6 mmscfd be a positive result to hold on after 90 days? GLTA
Wet, the same story here. It is the best to listen to it like a podcast... For visuals, just open up presentation from Falcon's website on 30 Nov 2021 - the same thing is there lol. What's interesting, when I posted the link it only had 42 views in spite of being there for a week. Check out how many it's got now. This forum works. Thank you ALL for your INVALUABLE contributions! GLTA
@hydrogen, filter works miracles. If you keep answering irrelevant posts the board itself will become irrelevant. (Saying as somebody who really appreciates your contribution!) GLA LTHs, please go cry elsewhere day traders / short term holders.
Just copy and paste the link manually in full and it will open
https://assets.geoexpro.com/uploads/3d581f43-8956-45ce-bc85-1cf5757ebde8/Geoscience%20Magazine%20GEO%20ExPro%20Vol.%2018,%20No.%203.pdf