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I see that LNG is at $3.15 at Asian import facilities, with some Chinese refusing to honor their contracts, Europe has taken some of the turned away shipments and some analysts see all LNG storage in Europe being full by summer. Plus the largest gas field since 2005 is trillions more nat. gas for the market in the UAE, the price for US nat. gas is $1.86 and they are flaring off record high volumes. This project needs to get to commercialization soon.
It was just a fact nothing more or less, I don't know actual Santos well facts and neither does anyone else, they claimed a discovery. Gas is ok but liquids pay the bills ! Millions will be spent to get gas to markets, but I only need a truck for liquids.
I said possible commercial well, because great flow would help indicate the presence of a deposit of some significance. Which I hoped 2000 meters could show, plus prove the technology to do this is there. As for POQ, CEOs are like coaches, win and win now, or ? Don't care about excuses. I'll buy another 20 k after 50 million shares are offered this summer. Glta
Accepted, people just don't understand how colossal these delays are to Falcon, they are huge. Now May till results, plus we will see the horizontal shrink in distance again, allowing for no concrete info as to possible commercial status. Jmo
Time to put up or shut up , as you know I said in August the price would be lower in January then , I was right as usual ! I challenge every one that I believe we will see an offering before August selling many more millions into the market if I am wrong I won't post here again and same to all challengers. Anyone ?
Falcon's big challenge, getting results before money runs out. Now no results till May ? How long a horizontal test will they run ? Less than 1000 again. Origin has delayed this exploration project forever, we never should of allowed delays in the desert . Maybe they will ask for another ? ? percent if they carry us for one more well.
Haven't learned anything on first 2 wells. Both wells could not be drilled horizontally to their desired distance ! These cost over runs are now shared by Falcon at 30 percent. Another offering coming soon .JMO
Find it interesting that we have to hear bad news second hand. How many others got a chance to trade before you even knew. Shares should of been halted pending news. POQ taking care of the rich , well informed, while we get the mushroom treatment.
Why are workers going home for the Holiday season ! Here we work 7 on 7 off and make the Holiday fit into that schedule. This well should be flow testing now. I can't understand how slow this well takes, is it incompetence, lack of knowledge, no experienced hands, or just a way to push us out by huge cost over runs.
If you go to www.bom.au then click on 7 day town forecast you can click on Daly Waters and get a detailed forecast and weather that is much more accurate than Darwin . The coming week shows very promising weather again. Slight chance of rain. So much for no exploration during rainy season in the dessert. Happy New Year