The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Too many unkept promises despite what Mr Bougie might think, I dont think this will move past $.20 cad before results from the frac!
Since they wont be using the funds from the last placement for the capital expenditure in respect of the drilling and hydraulic fracture stimulation of four horizontal wells in the Beetaloo Sub-basin, maybe we can expect a small one time dividend to offset the dilution incurred. Since with the new deal we are now covered for all agreed on future drilling, I think this would be prudent, just to save face. What do you think MR Bougie.
No, Its actually about misleading press releases like this that make people not trust this management team. Less than a year later they gave up control of this play. Whether you agree with their present position or not past press releases have not been accurate, and that is being polite. At least they can pull a paycheck for another decade!
17 May 2019
Falcon Oil & Gas Ltd
Proposed Placing
Falcon Oil & Gas Ltd ("Falcon" or the "Company") (AIM: FOG, Euronext Growth: FAC, TSXV:
FO.V), the international oil and gas company engaged in the exploration and development of
unconventional oil and gas assets, is pleased to announce a proposed placing of new
Common Shares of the Company (the "Placing Shares") at a price of 14p per Placing Share
(the "Placing Price") in order to raise gross proceeds of up to US$10 million (c.£7.76 million)
(the "Placing") by way of a conditional placing of the Placing Shares with institutional
investors.
The net proceeds of the Placing will primarily be used to fund Falcon’s share of estimated
capital expenditure in respect of the drilling and hydraulic fracture stimulation of four
horizontal wells in the Beetaloo Sub-basin, Australia (further details of which are provided below.
ELECTION RESULT A VOTE FOR NT’S ONSHORE GAS: PITT
THE Minister for Northern Australia says it is encouraging to see Territory voters have emphatically backed fracking!
Not bright enough to figure out the joke I see, should have known from your previous ramblings. Look closer Edison!
Your yeest likely to succeed!
I am still living in the past, using Vancouver is a habit! lol
that is on the Vancouver exchange, TSX-V
I am talking about Mills and I just bought 250,000 @ .13 and .14 cents!
Hard to believe 1 clown could holdup fracking for the last month!
LABOR REMAINS FAVOURITE TO WIN ELECTION WITH THE BOOKIES
THE odds are in favour of Labor to win the NT election on Saturday with Chief Minister Michael Gunner tipped to hold onto his top job according to bookies.
Longknife, I am sure he is happily spending his 60 grand a month. I assume there will be news next week, one little greasy politician holding up the whole show. The NT is essentially a welfare state, nobody will stand for any nonsense in the federal government. That being said political uncertainty is our biggest enemy here. Too much on the line to stop now!
Natural Gas Price Forecast – Natural Gas Markets Take Off
https://www.fxempire.com/forecasts/article/natural-gas-price-forecast-natural-gas-markets-take-off-666756
It is quite funny that a failed politician knows more about the economic viability of the Beetaloo than a multi billion dollar company that has to answer to shareholders. This political wh*re is just trying to capture the non fracking vote because he has nothing else to offer. While in office he was a staunch proponent of fracking, goes to show you at what lengths power hungry clowns will go to.
Things are opening up all over the northern territory, this will be no different. The election is the holdup!
This podcast, in my opinion, was very positive for the long term commitment of Origin in the Beetaloo. There are multiple players moving in, showing just how confident they are in positive drilling results.
I feel they are keeping quiet until after the election as to not stir the pot. I think things will progress rapidly after this!
We are about to see an 30% rise in share price!
Bookies predict Labor to win 15 or 16 seats in Territory election
Date Firm Primary vote
ALP CLP TA Ind OTH
29 july 2020[16] Media Release 39% 31% 14% – 16%