The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Poods you giving me way, way too much credit, but in my opinion we "share holders" do not have enough votes to go against the board and even if we did it is highly unlikely we can get 100% people voting in the same direction.
I have not seen the proposals yet, but I suspect more options for POQ, which has been an issue for me last year. Overall I have been slowly moving some of my investments from Falcon to Empire as I believe Empire may have better outcome as I see Empire leadership is getting more and more invested in their own company, which is huge plus for me.
Silence from POQ maybe an indicator that everything is done with Origin and we are just waiting for the right time to disclose deal details,( staying silent is much better then saying too much) some will argue that we need to have complete picture before deal negotiated, but I do not think that is the case you can have deal completed with % and then it is just matter of plugging in the numbers which are calculated by industry standard methods. Anyway that is where I am, I am betting on Beetaloo just do not want to stay in the single company
Worth listening https://www.youtube.com/watch?v=vkSoBqI3pZc
Origin told us that they willl deliver results in the 4th Quarter 2020 and extend test 1st Quarter 2021, every ones hope they will say about initial flow, but they did not say they will do that. Hold and wait
Their press release from today, sounds really good
https://www.abnnewswire.net/press/en/102971/Tamboran-Resources-Limited-Positive-Results-of-Vertical-Frac-and-Gas-Flow-Tests-in-the-Beetaloo-Basin.html
It looks like Origin meeting has been highjacked ones again I think last year it was very similar. Anyway good article in "The Australian" has some solid perspective ttps://www.theaustralian.com.au/commentary/gas-is-fracking-hell-to-protesters/news-story/2fb1fb147cf8d41f666b5d7149751886
"The process naturally leads to resentment among those who miss out, generating the grievance hardcore environmentalists from interstate are keen to exploit."
I guess nothing about frac job and flow rates., we hold until end of the month for 30 day. Guardian drawing connections from sanctioned Russian oligarch s to current government of the Australia and suggesting they can benefit from gas recovery. So only way it happens if feds buy falcon piece.
Here is scenario that I think maybe very much plausible and can happen with the limited data that is currently available. Yes newtofo I agree I doubt that any commercial company will move until more information is available, but there is another player AUS Feds and I think partial ownership of the resource only reasonable way they can achieve reservation policy. They can also can ask for the export quotas or mandated, but if they are going that way they will be cutting their own royalty payments going forward. Here are few things to consider.
1. Noise around betealoo, just feels strange to have Feds keep talking about it... it is almost daily occurrence.
2. 34 Billion Budget for energy projects.... their spending has been in the millions so far.
3. Since any government moves slow they have to start negotiations early to be ahead of commercial players.
Pure speculation on my part but ones we have favorable flows from Kyalla things maybe unrevealing very fast and it would explain some of the silence from POQ.
Lots of good info maybe worth reviewing
https://www.energy.gov.au/government-priorities/a-fair-deal-on-energy/a-fair-deal-1
WW wow that does not sound like you. You have been always very optimistic. I do not believe EP 76 drilling is optional and site preparations are on going, so It will happen. We finally have stars aligning for all beetaloo explores, I am concern that POQ is mostly silent, but on the other hand we have Empire pumping out news every two weeks, their success is our success and wise versa.
https://www.theguardian.com/australia-news/2020/oct/06/budget-speech-2020-in-full-australian-treasurer-josh-frydenberg
$459m in additional funding to the CSIRO
$1bn for new research funding for our universities, backing our best and brightest minds whose ideas will help drive our recovery
$1.9bn in new funding as part of our energy plan to support low emissions and renewable technologies, helping to lower emissions and address climate change.
We are also helping to unlock five key gas basins starting with the Beetaloo basin in the Northern Territory and the North Bowen and Galilee basins in Queensland. More gas at a lower price will support jobs in Australia’s manufacturing sector.
I thought about this and here is an idea. But it will only make sense if the purchase of the shares is done with significant discount. Basic idea is create the investment group which can purchase all of the shares and this will help spread the risk and maybe put individual on the falcon board.