Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Https://ieefa.org/resources/beetaloo-10bn-pipe-dream-gas-producers
Very negative “financial look” at the Beetaloo but when you look at who funds this “nonprofit “ you see a lot of climate change activists.
I don't have the software to see individual sell orders, but from what I see with Fidelity it looks like at 9:56 and again at 10:19 there were million share sell orders put in. And for a stock that has a 90 day average share volume of 212,000 shares we just went through a 5 million share day. So someone must have set some sell orders out there to execute when they hit a set amount and others bought. For every seller -- there is a buyer. Can't wait for someone to finally announce to the world what next quarter's drill schedule is. It may calm the masses. And I don't mean we are drilling next quarter -- like maybe a date. But also don't know if they have approval yet from the environmental review.
Yes a big anti-monopoly advocate who went after Amazon. But I tend to find that money donated to political parties comes with strings normally attached. We shall see. I think they already have their money with Formentera Partners equity fund. Just need good drill results this month. In the interim, I do like the upward trend.
BorntoBouggie,
I agree fundamentals are looking good - however -- for the Pioneer/Exxon Merger
Exchange ratio of 2.3234 ExxonMobil shares for each Pioneer share represents a market premium for this merger
— ~18% premium to Pioneer’s undisturbed closing price on October
and a ~9% premium based on Pioneer’s 30-day volume weighted average price on the same day
I feel the Sheffield family - (Scott Pioneer CEO/former Santos Board Member and Bryan Sheffield ) are going to be flush with cash. However who funded the Formentera Partners equity fund? Oil people from Texas I assume.
When one considers the recent purchases in the past year by Bryan Sheffield and the amount of play/ownership they now have in the Beetaloo -- someone is moving forward. Buy now and save a dime/dollar a share later. LOL
DALLAS, February 07, 2024--(BUSINESS WIRE)--Pioneer Natural Resources Company ("Pioneer" or "the Company") (NYSE:PXD) today announced that the Company received shareholder approval for the pending merger with Exxon Mobil Corporation ("ExxonMobil") (NYSE:XOM).
That may have an impact. Since BS sold his company to them.
So lets assume that we are the first to notice the total amount that Bryan Sheffield has accumulated under his control. Since I haven't seen a consolidated invetment view on this anywhere. Which doesn't include Empire but he controls 45.82% of the Falcon/Tamboran/Sheffield permits. Now we can look at two scenarios for the press - 1. Keep quiet so that the prices don't rise and a buyout can be done cheaper or 2. Let people know how much Bryan Sheffield, Permian Basin billionaire, has invested in the area in all companies associated with the Beetaloo to drive the price up.
We all wonder about this current well -- but with that much money invested, and money raised, they will continue to do test wells and continue to explore in the future.
This is the story that needs to be put out into the press to get people interested in US in the investment. Not regurgitate a Tamboran press release. Wonder what Falcon will do?
I assume the end game is to merge all three companies into one to pool resources, cut costs and increase profits. If you are a major shareholder in all of them -- you can start to put some pressure to bear. Or buy them all out. LOL
BorntoBoogie
I was just trying to see how much Bryan Sheffield had invested in the Beetaloo. As we are all a little nervous on the final numbers at the end of the month. I assume that someone like Bryan Sheffield who sold a fracking company for a fairly hefty sum, probably has access to all reports and with due diligence, is reinvesting a good percentage of his gain from that sale in the Beetaloo. From sources I found on various articles online, these were the numbers that I was able to find. If someone has something more current please revise this.
After his deal with Tamboran he owns 38.75% of the Tamboran/Falcon agreement (he has 50% of the Tamboran deal) - source https://www.smh.com.au/business/companies/the-texas-billionaire-betting-big-on-australian-gas-20221014-p5bpvk.html Although now I see he also put in another $8 million on the retail entitlement offer. https://www.investi.com.au/api/announcements/tbn/c7c1e764-426.pdf
Sheffield will hold roughly a total of 90.4 million common shares of Falcon, representing 8.66% of Falcon’s issued and outstanding shares - We now say it is 15% due to the last investor meeting online. .
$8 million in Empire Energy. Source: https://www.smh.com.au/business/companies/the-texas-billionaire-betting-big-on-australian-gas-20221014-p5bpvk.html Anything else?
Am I missing anything? I don't see a combined total on Tamboran as of this date, but also since I'm in the US I don't have access to a lot of the info in Australia. I assume that if he is investing that much money it makes my investment of my paltry sum of money feel better.
So if I have my numbers right:
After his deal with Tamboran he owns 38.75% of the Tamboran/Falcon agreement
Sheffield will hold roughly a total of 90.4 million common shares of Falcon, representing 8.66% of Falcon’s issued and outstanding shares
$8 million in Empire Energy.
Am I missing anything?
Empire Energy Group (ASX:EEG) - Getting close to the FID pointy end
Research as a Service (RaaS) has published an update on energy producer Empire Energy Group (ASX:EEG) following the company's Q4 CY23 quarterly cash-flow report. A project sanction could be delivered Q1 CY24 subject to requisite regulatory approvals. The company is targeting a February submission date for environmental and other regulatory approvals whilst continuing with operational agreements (pipeline and field designs) and financing options.
The success case would see construction commence in H2 CY24 and first gas in the early part of 2025…project definition can drive a material re-rating for EEG.
We maintain our view of EEG as the low-cost, strongly-leveraged exposure in the play, holding a significant early-mover advantage to deliver high calorific/low CO2 gas.
We model a base-case (mid-point) valuation of $903mn ($1.17/share) with an upside case to $1.54/share. The reference price is $0.18/share, which puts it at a significant (c.82%) discount to our low case valuation ($1.01/share).
Https://hotcopper.com.au/threads/ann-nape-conference-houston-presentation.7818418/?post_id=72102322
Try this link instead
Https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5g69zRHxv%2FJ8%2BLFiGug%3D