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That is possible and would be in Origins interest, but nobody is really selling at this price are they.? So if Origin want to aggressively buy up shares, the price is going to have to go a lot higher to persuade people to sell.

There is plenty of potential without Nigeria.
We have potential CUDA deal, increasing Wyoming production and developing. Barron Flats. Just those 3 alone are significant.
Nigeria will come out of the blue, or it may get kicked down the road or the interest even sold off to fund the development of our other assets.
Point being, whatever happens, there is so much potential in play already, Nigeria is just a bonus.

Hopefully some TR1’s this week, and a shift North in the SP, and some of the markets liquidity can also come back out way too which would help drive the SP North.

Whatever happens this week happens, it’s still a long term play so it’s kind of irrelevant what happens anyway.

GLA

The rise might appear big on Friday, but there is a long way to go.
As for entry, always best to time it on the dips, but there my not be any, just have to go with what you think is best and then sit in your hands.
Looking forward to tomorrow though, may get a TR1 and eyes on origin SP to see if there is a rise.
Could gap up on open.

Should come mid to end of month with a bit of luck.

Schlemiel, very well said.
This project has received substantial government grants and is billed as the saviour of energy for the whole of Australia. Do people really believe the RNS Friday over exaggerated things.? Absolutely not.

The fact this still so much under the radar tells me exactly how this being nurtured, this is an epic world class resource, and will facility 6000 jobs, and give a massive boost to the Aussie economy.

Make no mistake about it, there is nothing this big anywhere on the planet, and it will happen.

I suspect in time Origin will buy out FOG, and any LTH’s still in, will be handsomely rewarded and live happy ever there after.

Can only see the SP making tracks North to 25-30p by month end, even if it retraces Monday, but that’s a big if and buyers are ready to pounce.

GLA

Origin press release should come before our Aussie friends recommence trading, and it will be interesting to see the impact on their SP down under.

Once momentum kicks in, the rerate will continue with some brokers forecasting up towards 35p.

Then on top, further updates to come in the next few weeks.

Full respect to LTH’s here who have really stuck with this stock, many of whom are still under water, amazing resilience.

GLA

The Times Article

Falcon price gushes after find

Investor bulletin boards can be a cruel place. Just last month, a frustrated Falcon Oil and Gas shareholder posted a barb that the company “couldn’t find gas in a Mexican restaurant”.

Well, somebody is choking on their refried beans now. On Friday, Falcon shares doubled on the news that its partner, Origin, had indeed found gas at its Amungee well in the Beetaloo basin in Australia’s Northern Territory.

Drill results suggest a normalised gas flow rate between 5.2 million and 5.8 million cubic feet of gas a day. Recently analysts speculated gas flows greater than three million cubic feet per day were needed to commercialise Beetaloo. The stock price was a gusher.

The share has a big Irish following, largely because Falcon is what John Craven did after he sold Cove Energy to PTT, Thailand’s national energy company, for $1.9 billion (€1.6 billion). Cove made a lot of Irish retail investors a lot of money. While Craven stood down as its chairman some years back, there is still a lot of messiah money in Falcon.

As exploration stocks go, its geology has been rock solid. Its geopolitics have been a little more tricky. Falcon is fracking for gas in lands that were owned by indigenous Australians. A moratorium followed by inquiry followed by a pandemic starved investors of news flow and the share price has drifted badly. Even after last Friday’s jump, it is a way off the 35p price target of stockbroker Cenkos.

On Friday, Philip O’Quigley, Falcon’s chief executive, said that the results put Beetaloo on “a par with other shale gas basins in North America”. Santos, an Australian oil company, is drilling next to Amungee. If it validates the results, then Falcon will be one step closer to the promised land.

The Times article:

Falcon price gushes after find

Investor bulletin boards can be a cruel place. Just last month, a frustrated Falcon Oil and Gas shareholder posted a barb that the company “couldn’t find gas in a Mexican restaurant”.

Well, somebody is choking on their refried beans now. On Friday, Falcon shares doubled on the news that its partner, Origin, had indeed found gas at its Amungee well in the Beetaloo basin in Australia’s Northern Territory.

Drill results suggest a normalised gas flow rate between 5.2 million and 5.8 million cubic feet of gas a day. Recently analysts speculated gas flows greater than three million cubic feet per day were needed to commercialise Beetaloo. The stock price was a gusher.

The share has a big Irish following, largely because Falcon is what John Craven did after he sold Cove Energy to PTT, Thailand’s national energy company, for $1.9 billion (€1.6 billion). Cove made a lot of Irish retail investors a lot of money. While Craven stood down as its chairman some years back, there is still a lot of messiah money in Falcon.

As exploration stocks go, its geology has been rock solid. Its geopolitics have been a little more tricky. Falcon is fracking for gas in lands that were owned by indigenous Australians. A moratorium followed by inquiry followed by a pandemic starved investors of news flow and the share price has drifted badly. Even after last Friday’s jump, it is a way off the 35p price target of stockbroker Cenkos.

On Friday, Philip O’Quigley, Falcon’s chief executive, said that the results put Beetaloo on “a par with other shale gas basins in North America”. Santos, an Australian oil company, is drilling next to Amungee. If it validates the results, then Falcon will be one step closer to the promised land.

Still seems undervalued and unknown.

Thoughts on where SP could move to next week.?

Certainly foresee 20p plus.

This resource is immense, yet not very well known.
As news circulates over the weekend, it should gap up Monday, and keep going.

A little snippet from a Jan article in Australia oil and gas, which points to the immense potential here.

“The Beetaloo Basin has been described as the ‘hottest play on the planet’ with the potential to be a world-class gas resource, transform the Northern Territory economy and generate 6,000 jobs by 2040.

“The Northern Territory’s Geological Survey estimates the sub-basin could hold more than 200,000 petajoules of gas. Even if only a very conservative 10 per cent of that gas was recovered, it could still supply Australia’s domestic gas demand for more than 10 years.

“Industry analysis estimates the development of the sub-basin could increase economic activity by between $18 billion and $36.8 billion over the next 20 years,” Minister Pitt said.

Very much under the radar this one and with the weekend to digest and Origin’s PR work to add, could be 20p plus by end of next week.

Yep I think FOG was where pi money went today.
But what goes around comes around.
Plus, we have ii’s loading up here, and that is more influential on price, and will be in it for the long term.

Incredibly low volume over there.

Should be plenty of upside next week anyway, and with further news to come there is excellent potential here.

Fair play to LTH’s who have really stuck at this one for some time, some of whom must still be under water.

Every chance of being in the 20’s next week.

GLA

Is there an estimated date when we should hear news/updates on these projects.?

Should see the SP kick on North Monday.

Yep, could do with our friends in Canada finishing higher than our equivalent close. That would make opening on Monday a little interesting.

Be interesting to see what TSX closes at later, might give an indication of potential gap up for Monday.

There is one almighty churn going on.
Sit tight.

Are there more buys than sells, been difficult to trust what you see just lately.

Wonder if there has been some FOG chasing today, we will see what returns this afternoon.

TR1’s due, and no reason to think this will not rise this afternoon.