Member Info for ITguy

Can someone give Poods a hug? Poods and his 2M shares needs it.

Here is the November 2018 presentation.

https://falconoilandgas.com/download/corporate-presentation-november-2018/

Thanks..I thought it might be out of our permits.

According to Don't Frack the NT, 99% of the population of Minyerri has declared the area a no go zone. Google tells me the population is 400. So, 4 people are willing to frack....lol.

LOL!

The yahoo chat says "POQ sells shares". That was a reference to the recent placement, not POQ's personal selling.

LOL..nami, sorry I mean Soly (agoracom)...fixed his typo. Been there for years.

Now says hold on to you your shares...

Aye..Did you at least get a gift with the sub????? ;-) Forget what it was before...Google home or something like that?

Only works for soft paywalls. Won't work for a hard paywall.

Take the link from NT News

Enter here...

https://tiny.cc/

Paste the tiny URL into Outline.com..hit copy to clipboard at Tiny URL.

Found a way through their soft paywall.

Origin having info session tomorrow.

Beetaloo sub-basin exploration about to become reality
JUNE 05, 2019
NT Primary Industry and Resources Minister Paul Kirby says exploration in the Beetaloo sub-basin is about to become a reality.

He said with the final regulatory measures to allow fracking to resume in the Northern Territory just weeks away from being in place, gas companies are preparing to resume Beetaloo Exploration Project activities.

Origin will have an information session tomorrow for businesses detailing its intentions.

Specialised scopes of work for drilling and completion activities have already been tendered and awarded by Origin, which expects to begin exploration in the coming months.

Mr Kirby said the information session is designed to provide contractors with an opportunity to outline their involvement in the project and to facilitate introductions between the NT business sector, awarded contractors and Origin.

“Origin will also continue to work with local industry organisations and the NT Government to identify capability within the NT and maximise opportunities for local contracts and employment through the Beetaloo Exploration Project,” he said

“I have been in discussions with Origin and all gas companies about how we can maximise opportunities for local contracts and employment in the NT.

“Onshore gas will create a wide range of job opportunities.”

Mr Kirby said on the back of onshore gas advancements the Government is working with a number of proponents to advance a range of new projects.

This is what I was referring to..

https://twitter.com/NaomiHoges/status/941141531729072128

Yes, Schlemiel. You read it here.

https://www.katherinetimes.com.au/story/6196576/a-submission-or-a-petition-thousands-react-to-first-fracking-application/

And yet, a while ago, Naomi was whining to the NT News that we were clearing our cookies for that online poll. They figured the cookie thing out pretty fast. Seems to have gone over to the robo-forms.

As Soly says, hold on to your sares! Yes, he does say sares!

con't...

Sources say smaller explorers are waiting to see how Origin and Santos fare under the strict new rules governing fracking in the NT and will only likely resume drilling next year at the earliest.

Mr Kirby also underscored the government's ambition to see a gas-based manufacturing and processing industry established near Darwin on the back of the huge LNG export activity through Darwin LNG and Inpex Corporation's Ichthys LNG project.

He said discussions were underway on a range of potential new projects for a site allocated at the Middle Arm industrial precinct south of Darwin and adjacent to the LNG sites.

ConocoPhillips, operator of Darwin LNG, is thought to be targeting the year-end for a decision on a replacement source of gas for the project as the Bayu-Undan offshore field winds down. The Barossa project, involving Conoco and Santos, is the lead contender, while the Evans Shoal venture led by Italian energy giant ENI, is also in the mix.

Meanwhile, Conoco on Wednesday announced that Darwin LNG would become the first LNG plant worldwide to install a battery, which would cut carbon emissions from power generation at the site by 20 per cent.

The venture, which involves Santos, will set a template for other LNG plants to reduce emissions, Conoco said, noting the battery would save thousands of tonnes of fuel gas and reduce maintenance costs.

The battery will enable the turbines at the power plant to run at maximum efficiency and remove the need to run an additional turbine.

“The battery has significant potential to integrate with other opportunities currently being considered by Darwin LNG to increase energy efficiency and reduce emissions such as alternative energy generation,” said ConocoPhillips Australia West President Chris Wilson.

https://www.afr.com/business/energy/northern-territory-exploration-to-become-a-reality-20190528-p51s4x

Northern Territory primary industry and resources minister Paul Kirby has assured oil and gas explorers that the final regulatory measures needed before fracking can resume should be in place within weeks, in time for Origin Energy and Santos to get drill-rigs on the ground this dry season.

Origin and Santos are set to be the first to test the viability of the rigorous new rules put in place following the NT's scientific inquiry into fracking, carried out during a moratorium on the controversial process, which stokes worries among the public, farming and environmental groups over potential damage to land and water.

Origin Energy's Amungee well in the Northern Territory has highlighted the region's vast gas wealth. Peter Eve

They are targeting some 500 trillion cubic feet-plus of unconventional gas thought to lie in the Beetaloo region alone, the area some say will be Australia's answer to the top shale gas plays in the US and offers long-term hope for a domestic solution to the east coast gas market shortage.

"If just 20 per cent of this resource is recoverable then this is twice the current proved and probable gas reserves of all of Australia so it really does give an indication of how important and critical this will be going forward," Mr Kirby told a breakfast at the APPEA oil and gas industry conference in Brisbane on Wednesday.

He said the last codes of practice needed to implement the recommendations from the Pepper inquiry into fracking should be completed "in the coming weeks", while no-go areas for fracking covering almost 48.5 per cent of the NT were announced last week.

RELATED QUOTES
ORGOrigin Energy
$7.53
-2.08%

1 year
1 day
6.99 at Jan 19
May 18
Jul 18
Apr 19
6.00
7.00
8.00
9.00
10.00
Updated: May 29, 2019 — 10.20am
View ORG related articles
STOSantos
$6.91
-2.26%

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"Certainly we've had some pretty robust discussions with people over the last few days around the no-go areas - we understand people's concerns with some of that - but we are in a position where we've done the body of the work where we've brought as many people with as as we possibly can," Mr Kirby said.

He said the regulatory work to allow drilling to get underway, including the scrutiny of environmental management plans, was in hand "so we can make sure that the industry has its best chance to get started this year".

"Exploration in the Beetaloo sub-Basin in 2019 is about to become a reality".

Related
Northern gas wealth may lure energy-shy manufacturers from Victoria
Northern gas wealth may lure energy-shy manufacturers from Victoria
Angela Macdonald-Smith
Sources say smaller explorers are waiting to see how Origin and Santos fare under the strict new rules governing fracking in the NT and will only likely resume drilling next year at the earliest.

Mr Kirby also underscored the government'

Sounds good, newtofo.

I see a 1M share purchase came through today. Dated May 24.

sigh....

I know this has been discussed, but this comes from the 2019 Q1 financials.

Subsequent to the signing of the 2018 Consolidated Financial Statements, on 17 May 2019 the Company completed a
Placing and raised gross proceeds of c.£7 million (c.$9 million), further details of which are included at Note 18. Having
given due consideration to the cash requirements of the Group as at the date of these financial statements, with
Falcon’s net cash contribution to the first c.$100 million of gross capex for Stage 2 and Stage 3 estimated at c.$5.5
million before contingency, the Board has a reasonable expectation that the Group will have adequate resources to
continue in operational existence for the foreseeable future. For this reason, the Board continues to adopt the going concern basis in preparing these consolidated financial statements which assumes the Group will be able to
meet its liabilities as they fall due for the foreseeable future.

Correct

The Amungee NW-1H horizontal well was completed with 11 hydraulic stimulation stages in the 1,000 m long horizontal section within the Middle Velkerri B shale zone. The production well test took 57 days. Early stage gas flow rates through 4 1/2” production casing regularly reached over 1-1.5 MMscf/d. Extended flow test rates through 2 3/8? production tubing ranged between 0.8-1.2 MMscf/d. Test results in the Amungee NW-1H well proved up the discovery of gas accumulation in the Middle Velkerri B shale.

This pricing article is similar to the one schlemiel posted. But, this one is from the APPEA. Prices are different though.

Australian wholesale gas prices below Asian average
14 May 2019

LinkedIn Tweet
Australia’s average gas prices are amongst the lowest in Asia, according to the latest international survey of wholesale gas prices.

The 2019 International Gas Union’s Wholesale Gas Price Survey shows the average wholesale gas price in Australia last year ($US4.54/MMBTU[1]) was about 40 per cent less than the average wholesale price for the Asia-Pacific region. The Australian price was also around one-third less than the average wholesale price in Asia.

Australia’s leading trade partners Japan, South Korea and China all paid average wholesale gas prices over $US8 and in some cases approaching $US12/MMBTU. Australia also enjoyed lower wholesale gas prices than its two regional LNG export competitors, Malaysia and Indonesia.

Globally, Australia’s average wholesale price ranked 27th in a survey of 54 nations (see chart below).

APPEA Chief Executive Andrew McConville said: “While prices for new contracts on the east coast are higher than previously, the evidence shows the widely repeated claim that Australian prices are higher than prices in the countries importing our liquefied natural gas (LNG) is wrong.”

“While the Australian gas market is relatively tight and prices for new contracts are higher than they have been historically, it remains the case that across the economy that Australian gas consumers are not paying prices above those paid on average in Japan or other LNG importing nations.

“In fact, quite the opposite is true. Australia’s wholesale gas prices remain in the ‘middle of the pack’, a position we have held for many years.”

The IGU’s report follows the March 2019 release of the 2019 Gas Statement of Opportunities (GSOO) by the Australian Energy Market Operator (AEMO) which confirmed the actions taken by the industry to bring more gas into the domestic market have removed concerns about potential shortfalls out to 2024. The IGU report highlighted the need for further investment in local exploration and production to bring more gas to the domestic market.

“Removing unnecessary government restrictions on exploration and development is the most effective way to boost supply, enhance competition and put downward pressure on prices, ensuring Australia retains or improves its global position while enjoying the substantial and on-going benefits from our LNG exports,” Mr McConville said.

https://www.appea.com.au/media_release/australian-wholesale-gas-prices-below-asian-average/

Thanks for the fix, Orson.