Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
At this point Aus feds appears only our buyer. According to this opionion article
"Such a policy becomes very important in the context of the Northern Territory’s Beetaloo basin where the huge gas deposits are expected to become part of a gas reservation scheme."
I do not see anybody else bidding on our part of beetaloo if in fact we are part of reservation scheme.
https://ntindependent.com.au/computer-driven-globally-focused-industry-can-the-nt-transform/
Found something that has the info we can read
https://www.bioregionalassessments.gov.au/assessments/geological-and-bioregional-assessment-program/beetaloo-gba-region
https://data.gov.au/dataset/ds-dga-714f89a4-5d4d-4d11-abb3-01833dcbee02/detailsq=
Unfortunately can not even decipher those files, but summery looks interesting with development time line.
"This dataset contains the files generated for the Beetaloo Sub-basin Chance of Success Mapping undertaken as part of the Geological and Bioregional Assessments Program. Play fairway mapping was used to map the distribution of petroleum plays likely to be developed in a 5 to 10 year time frame. This process aims to address the geological factors likely to assist in identifying whether a viable petroleum play is likely to be present, and makes no attempt to factor economics, politics, or social factors into the assessment."
Here is little more on Empire with some numbers around Velkerri and Kyalla
https://empireenergygroup.net/wp-content/uploads/20.05.18-ASX-Annoucement-Northern-Territory-Resources-Report-and-Corporate-Update.pdf
Question for the group: I can not see where in PR we gave full control to Origin. (we know Origin is now driving this train ) Origin always had control on what, how things get done as operator, but could walk away after each stage. So what exactly is different now other then %% of ownership after all 3 stages.
https://www.minister.industry.gov.au/ministers/taylor/opinion-piece/we-will-deliver-energy-security
Beetaloo front and center for Aus plan for energy security
Falcon Oil & Gas: Nearing Resolution In Australia https://seekingalpha.com/article/4340780-falcon-oil-gas-nearing-resolution-in-australia
Resumption of activities presentation in Energy Club NT May 1, it is maybe worth attending if timezone works.
https://www.energyclubnt.com.au/event-3825750
Looks like things are moving forward and NT is planning to start slowly opening for business. 30 day no new cases, 5 people are currently recovering
https://www.facebook.com/TerritoryChief/videos/917793808655679/?t=352
I noticed this morning that one of the falcon boards had interesting suggestion and I am thinking that is what maybe happening wanted to see what you guys are thinking.
"The directors of falcon seem to be changing their stance as up until the latest RNS their position was ones the last 4 test wells had been drilled and analyzed which falcon said they had enough cash in the bank for, Falcon said they were going to sell their 30% and pass this money onto share holders.
Now what they seem to be doing is raised 150mil to get the wells into commercial production as Falcon say there is more money to be made that way"
Here is what I am thinking Origin already has the plan to purchase Falcon and I am thinking (POQ and board already aware) so now it is matter of money, so Origin need to make sure the Capex expense does not sting to much there for they need to move some of the money from Opex to Capex by supporting Falcon operation cost.
I believe this is where Origin maybe moving Opex budgeted money towards 100% ownership to minimize Capital expenditure during Falcon purchase. IMO this is time to hold or buy. I will be buying more as I think we are very close to the finish line.