Looking forward to reading the comments on this forum regarding this RNS; I am not geologist. I find it interesting that part of the 2021 work program is to perform a production test at Amungee NW 1H. Depending on the degree of success, would this possibly suggest we're getting closer to a possible sale?
RE: ORG new NOV 11 submission 2 new wells 117 N220 Nov 2020 19:19
From the Executive Summary: "The drilling, stimulation and well testing of these two (2)E&A wells at the existing Kyalla 117 N2 site is considered an important step in confirming the technical and commercial feasibility of the Kyalla shale resource."
So these two additional wells are an important step in "confirming" the technical and commercial feasibility of the Kyalla shale resource. Am I reading too much into this statement? Is it that Origin now has indications the Kyalla 117 N2-1H well may be technically and commercially feasible? Why else would they drill two additional wells, if this were not so? What am I missing here? Yes, I am not a geologist, thus I do not understand geologist speak".
I also received the following email this morning from Falcon. This is great news
"Dear Subscriber, 21 October 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (“Falcon”) has been informed that the Bankruptcy Estate of Petrohunter Energy Corporation is the beneficial owner of 48,101,000 common shares of Falcon (“Shares”), representing 4.90% of Falcon’s issued and outstanding Shares. Sweetpea Petroleum Pty Ltd. is no longer a beneficial owner of Falcon Shares.
The press release can be found on our main website homepage, under the Investor Centre section selecting Press Releases and Holdings in Company
WW - Agreed. As many of us have repeatedly said so many times before, year after year, you so eloquently write, "Falcon is not a retail stock play...and they are playing their hand to ultimately sell the Beetaloo assets - that is where Falcon's stock evaluation true value comes into play...no hype needed. The parable of the bamboo plant is my mantra. GLTA
Fun fact: Andrew N. Liveris was born in the Northern Territory city of Darwin, Australia on 5 May 1954. In his newly appointed position as Chief of the Minister’s Economic Reconstruction Commission, one might say Mr. Liveris was born for this exact position and has once again returned home.
Here's a couple links providing us with some of his background:
RE: Santos Buys our COP Interest in Darwin LNG29 May 2020 16:56
Nervesofsteel, the SP on FOLGF is up 10%, but the volume is still insignificant, just like everyday. Like WW, I never pay any particular attention to the day-to-day price. I'm only interested on the SALE details when POQ puts the ink pen to paper. GLTA
RE: Santos Buys our COP Interest in Darwin LNG29 May 2020 16:10
WW, Just curious... was title meant to be "Santos Buys out COP Interest in Darwin LNG" / out instead of our? In any case, this news is pushing the SP up on FOLGF by 10% today. This is great news for the NT and I'm sure will prove beneficial for the OAG industry overall. Which begs the question: "Are we there yet?" Is it time for our bird to fly? GLTA