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This is how Marc Bruner solves the water problem ;-) February 21, 2018 Marc Bruner, Chairman of Paltar Petroleum Ltd., renown oil and gas explorer in the Northern Territory, has announced an exciting new development in the process of fracking well completion. Paltar has been diligently exploring alternatives to the controversial technique of hydraulic fracking. Paltar has been advised by technical expert engineers with worldwide experience that today technology exists to complete and fracture horizontal wells with limited amounts of water. The new technology is based on the use of nitrogen and other inert gases, which is a significant step forward in mitigating groundwater issues. Mr. Bruner wants to pioneer this application in Paltar�s Beetaloo Basin development. Mr. Bruner said �We�re eager to use this application in the NT that internationally has been proven effective in other petroleum basins in the world.� Source: http://www.paltar.com.au/Press.Release.pdf
Thanks for sharing the interview, Keithdik! Interesting change in Falcon's strategy. POQ does not rule out further appraisal/production activities in the Beetaloo after the completion of the current campaign. Worth noting: POQ is - like us - puzzled about the sometimes "strange" behaviour of the SP.
Moratorium lifted, Beetaloo exploration to resume as soon as practical 17 April 2018 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) welcomes the decision by the Northern Territory (�NT�) government to lift the moratorium on hydraulic fracturing. Beetaloo Update - The decision by the NT government follows the independent scientific inquiry conclusion that not only could the risks associated with an onshore shale gas industry be minimised to an acceptable level, in some instances, they can be avoided altogether. - Well testing completed just prior to the moratorium indicated a very promising material gas resource in the Beetaloo sub-basin. As detailed in our 15 February 2017 press release, a resource study based on the Amungee NW-1H well results and other key wells in the Beetaloo Basin estimated an OGIP of 61 TCF and 6.6 TCF gross contingent resource, over an area of 1,968 km2. - Resumption of work with our joint venture partner, Origin Energy Limited (�Origin�) will start as soon as practical, adopting recommendations of the scientific inquiry and obtaining necessary approvals to complete the remaining work programme. - Origin plans to drill and fracture stimulate a further five wells to complete the exploration permit commitments. Philip O�Quigley, CEO of Falcon, commented: �We are very pleased with the fact-based decision made by the NT government to lift the moratorium on hydraulic fracturing. We look forward to the recommencement as soon as practical of our multi- well work programme in the Beetaloo basin with our joint venture partner, Origin Energy Limited. Source: http://www.falconoilandgas.com/uploads/pdf/Moratorium_lifted,_Beetaloo_exploration_to_resume_as_soon_as_practical.pdf
Appropriate valuation form Davy, finally. 70p in 2018/2019 and the de-risked $5,500/acre as the final target are very rewarding for long-term holders. I just sit back and wait. And pray that the Govt in South-Africa eventually becomes reasonable.
Excellent news this morning from Falcon as the NT Government has ended the moratorium leaving the consortiumi to go ahead. Even more exciting is the accompanying release from Origin suggesting they are keen as Colmans to get going with the project. As I said last time they have been keeping the project warm but with a lot of preparation needed to be done now they should be in a position to spin the drill bit next year. Patient holders of Falcon are now rewarded and it�s not too late to join this caravan which should be a major play for a very long time, not least as Australia is ironically domestic gas short�� Source: http://www.malcysblog.com/2018/04/frontera-resources-falcon-oil-gas/