Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Any way of telling how current the satellite imagery is. When I worked with them they don't update daily as it is like a soda straw looking at a great distance. And since there isn't any intelligence to gather in the area there probably isn't a great need for daily imagery.
Didn't know government was drilling their own in SA
South Africa says hits shale gas pockets in Karoo region
BY Reuters
— 9:54 AM ET 05/18/2021
CAPE TOWN, May 18 (Reuters) - South Africa said on Tuesday it had hit pockets of shale gas during test drilling in the semi-desert Karoo region.
A decade ago the Karoo sparked intense interest from companies including Shell, Sasol and Falcon Oil & Gas , but farmers went to court to challenge any drilling in the ecologically-sensitive region, which saw enthusiasm wane amid regulatory uncertainty.
"The first pocket of gas was intercepted at 1,734 metres with a further substantial amount intercepted at 2,467 meters spanning a depth of 55 metres," South African energy minister Gwede Mantashe said during his budget vote in parliament.
A total of 34 gas samples had been bottled and taken to laboratories, he said, after government's Council for Geosciences set out to drill a 3,500 meter stratigraphic hole in the Karoo to establish and test the occurrence of shale gas.
In 2017, geologists at the University of Johannesburg and three other institutions estimated the gas resource in the Karoo was probably 13 trillion cubic feet (tcf), the bottom of a range of estimates that had put deposits between 13 tcf to 390 tcf.
In 2015, the U.S. Energy and Information Administration (EIA) estimated the Karoo Basin's "technically recoverable shale gas resource" at 390 tcf, then making it the 8th largest in the world and second largest in Africa, behind Algeria. (Reporting by Wendell Roelf Editing by David Goodman and Alexander Smith)
https://www.reddit.com/r/stocks/comments/l74f7c/falcon_oil_and_gas_beetaloo_basin/
In my times in Public Relations -- I always found that if you have bad news you release it on the Friday after the stock market closes. That way bad news can sometimes be mitigated over the weekend as people mull it over. Just my opinion. So if we don't hear anything today -- we may be good for another week. I personally think in the long run it will win out. We all have our timelines -- but Origin doesn't beat to our drums. They aren't wildcatters. They will go slow and prove it out in the long run. They probably knew more money was coming from the government anyway. I'm sure they helped craft the legislation. Relax -- it may dip -- been in this since it was up in the 7 dollar figures. Went from a few shares to a few hundred thousand shares -- it it drops big -- will probably buy more. LOL Feed me the Kool Aid. Don't make up the news -- wait for the news to hit -- good or bad and make your own decisions. We are all anxious and looking for that Villa on the beach.
I saw that on their web site. Just rechecked Up 21.71% from when I bought it a month ago. Up 18.66% on the day in Fidelity. May be low volume on the US exchange. OGFGY Bloomberg says the same thing. Weird.
https://www.proactiveinvestors.com/companies/amp/news/937363
Sure if I made 10K on another stock and took the profits -- then I sell 10K in losses from FOLGF and then reinvest on Jan 1 in a ROTH IRA -- that way you mitigate the gains and move the money into another tax deferred option. But the last time I did that with a stock it went up at the end of the year and it cost me more than I would have lost leaving it in and paying taxes. We are all waiting on the results -- TIIMING is everything. LOL I'm just setting up more cash in the accounts to move on Jan 1 and adding to it.