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65 million for 2 wells and only 1000 feet of horizonal, at least the 28 day comment period has started followed by a possible ok by Board. Why so much money for so little drilling ? Thought they wanted to test commercial production , would need at least 5 times that distance horizonaly . Shows what Falcon's 6 million can buy in this project. GLTA maybe a decision before June 15th.
Are any of you looking at the daily decline of LNG, or the future of more and more LNG hitting the market ? PRICE DOWN AND SURPLUS EXpECTED TO EXPLODE! Easily can make Darwin an import terminal . Stock is down because you can't convince anyone with money it is worth now
Almost hit 20 cents again here in USA , buy below not above ! Maybe big sell coming soon . Millions of shares need to be sold. POQ should of taken them off the market , but needed the 20 million to give himself ultra cheap shares. If it is such a cheap steal why wouldn't Origin, Sasol or anybody go into bankruptcy court and buy them ? AGAIN why do you think that these shares are worth more than what they are trading for ? No one wants including majors or minors a piece of speculation, the Oz government soon will require gas can't be exported till national needs meet ! JMO
Highly likely that exploration will start within next 3 months . Exploration is and has always been allowed ! Drilling is allowed, it is just making this region commercial by fracking isn't allowed and regulations are months behind that will allow it Never seen such a rehash of info , puked up over and over. That is why we are closer to the 52 week lows than highs. A drilling rig on stand bye, its half way through April: does this rainy season in the dessert ever end
? Give me a break ,it has rained more in one day in Texas than 2 years in Daly Waters and guess what ,Yeah they drill and drill and drill !
Never said that, I bought in just before the ban was lifted and sold 1 weeker at a small profit when it didn't double in price ! I said it would double the day the ban was lifted and that is where I was wrong and bailed. Plus I said to buy under 20 cents and lower which I am doing. Also I said it is an IF about drilling this year ! Which I still believe. Also I have made money trading this stock and have told people buy and hold might work out but I would rather trade it. I am making money ,up 10 % this year on Falcon. Reread and learn
Looking at the current Korea Japan market price as of last Friday ! I don't see anything except half the price if not much less, your old data is useless it is about 4.60 . Look it up ! Over supply. Your half baked truths and lies get you nowhere any one with a computer can see current prices. Or read Bloomberg ! Price is doing its own job of getting cheaper. Closer to lows than highs except on your chart ?LOL
Gas prices are tumbling worldwide, as usual POQ knew nothing, exports are rising, demands is less ! According to a Bloomberg report out yesterday, March 29. Also the price to Japan is less than half of what it was and LNG terminals will continue to put a damper on any price increase. Course this is fact based not wild conjecture on an opinion! So if Falcon's CEO wanted lower prices, more competition and the most restrictive drilling regulations in the world, with still nothing being allowed he is doing fine.LOL
They are running 3 months late on implementing the 135 recommendations. Passed 35, only 100 to go! Even Origin sees economic viability is in need of some wet stuff. The price is dropping, why? Also I said a commercial field, it's a gas field just like Hungary is a gas field.
Who do you want to talk too? I'll ask any petro engineer I know ? This isn't a field yet! This board is pumper vs pumper and no dissent opinion allowed, doesn't anyone think that smart people in the know haven't known about this field forever ? Falcon didn't pull this out of thin air, 25 years ago this area was a prospect , and no major oil company owns a single share of Falcon, I have lost money more than once on fields where majors owned a large percent of the company, didn't Exxon lose a billion in Hungary ? They own nothing NOW , That's right you are smarter.
Still accumulating, only up 10 .58 %, keep pumping , Have you seen the lows today ? get it under 20 pennies and watch I'll get some more for less . Never buy above 20 pennies I don't , but I make money LOL Drilling in 2019 is not happening, JMO
So you think if they can drill horizontally for 3000 meters about 2 miles,[which won't happen] and get 5 times the gas, or 5000 mcf a day this will be a commercial well ? Didn't this well cost 24 million? Assuming no costs to maintain or produce gas after well is drilled, no expense to monitor water wells, site, royalties and NT taxes ect. Transmission currently runs about 24 cents, cheap well head price these things all add up too, no way ! Just like Hungary has trillions of mcf in the ground so does Oz, it is getting it out at a profit that we are lacking. Big flowing, cheap wells ,under 8 million are the keys. We have the huge tank but not the key to the pump.