Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Well said, Newt.
Ah, I don't see his posts - hence the confusion. Thanks!
Any reason for posting this article from 2014? I'm confused!
Risk is a misquote of what was said (Chinese whispers anyone). It was the difficulties/challenges of keeping it cold enough in the broiling heat of the Beetaloo.
Wow, I just dialed in to the UK number and was flabbergasted when a human replied! Was expecting it to be all automated. I said why I was calling and had to give my name and was then connected. Currently waiting for it to start.
Hope it brings some small comfort Poods to know we are all thinking of you.
Here you go, Carra. This is the public open line so anyone can dial in.
Thank you for registering to attend the Falcon Oil & Gas Ltd. (the “Company”) Annual General and Special Meeting on December 10, 2020 at 4:00 p.m. (Dublin time).
We welcome your interest and would like to encourage you to participate in the Public Access Conference Call by dialing one of the following phone numbers 5 – 10 minutes prior to the scheduled start time.
Canada / USA. Toll Free: 1-800-319-4610
UK Toll Free: 0808-101-2791
Dublin Local: +353-1-526-9448
Other International Access Toll: +1-604-638-5340
We invite you to submit any questions to the Company which management will endeavor to answer during the Q&A session following the formal business of the meeting. We request you email your questions before the close of business on Tuesday, 8 December 2020 to finance@falconoilandgas.com,
Using the authority vested in me by myself, I hereby declare Orson Modesto "Poster of the Day".
Even if it turns out to be untrue, it's certainly brightened up my Sunday!
I wonder if this has been on the cards all along, ever since Origin bought out Santos's stake.
Shalamar said "However, I do not believe this could happen before the final 2 or 3 wells (depending ) are completed as to sell sooner could seriously undervalue our shares / share swap."
The shares in the new company would go up commensurate to results so it'd be 6 or 2 x 3s whether we were invested in Falcon or Origin.
Oh, and as you can't edit messages, further to my last one, I think it's more likely that Origin WOULD form a new company for the Beetaloo because it's "cleaner" and less complicated that way and they're not currently listed on the UK stock exchange anyway so I figure it'd be easier doing so with a brand new company.
Only question remains is what about the Karoo (or even the Mako Trough)? They might be worth something one day so would Falcon still retain them or would Origin take them as a free bonus?
The more I think about it, the more I like your solution, Wet, and hope it comes to pass. It never made sense to me to think of Philip saying the company would be sold by April (if indeed he did say that) when we wouldn't be finished drilling under the terms of the agreement with Origin. But this way it doesn't matter, because in a way we still achieve his stated aim of proving up the entire area, but leaving him free to take up other job offers. Jokes about his golfing aside, he's not much more of a figurehead nowadays and there can't be a lot of satisfaction in that. This way he achieves what he set out to do and can move on to a new challenge.
Stebol, I think if we got shares rather than cash, a deal with Origin would end up being worth more than any bidder would be prepared to pay at this stage. I also see Philip and Origin as decent people and I think Philip would want to make life easier for Origin by selling to them rather than an outsider - provided the deal was good enough obviously.
I think I've answered my own question about how an influx of Origin shares would affect ISA accounts in the UK. Because it would be a straight swap of shares in our brokerage accounts without us being involved in the transaction, there'd be no tax implications.
Wet, your theory would tie in with the recent rumour out of a Dublin broker's which was that Philip had said the company would be sold by next April. If you're correct then they've already agreed a deal in principle and will await the results of the 90-day flow test before hammering out the fine details.
Does anyone in the UK know how this would affect our ISA holdings if the value of the Origin shares exceeded the annual limit of £20k? If we acquired our Falcon shares under the terms of the ISA it doesn't seem fair that we couldn't have the full quantity of the Origin shares in the ISA too. Having said that, fair and tax laws are a bit of an oxymoron!!
It does seem highly coincidental that Poods was just making enquiries about this and a couple of weeks later the shares are sold. If you were involved in some way, Poods, many thanks on behalf of every long-suffering shareholder!
I found a couple of lines from the article on Google saying that the minister was visiting Empire's drilling site.
That certainly is interesting gossip, Coma. If I remember rightly you're a local (to Philip) and have heard bits of info in the past that you've kindly shared with us. If you can remember, did they turn out to be accurate? That's not a loaded question by the way, it's just that knowing if what you heard in the past turned out to be correct, there's a higher probability of this being correct as well.
Normal practice? No, in the past they've just called it the AGM. Don't know what the significance is though. Hope someone else will!
Thanks to Poods for the information. Could someone please refresh my memory as to how many shares there were originally?
That's very reassuring newt. That picture had the same effect on me as enjoying a steak followed by a visit to the slaughterhouse.
Ten years ago when I bought into this "stock of the century" (a term that will ring a bell with several here) I had never even heard the term fracking and had no idea what the term "unconventional" meant. I'm still not 100% happy with the idea of messing with deep aquifers but I'm in too deep financially to ponder the rights and wrongs.
Good to know at least that the dystopian image doesn't represent what we'll be doing to the Beetaloo.
Money trader I heard exactly the same thing. Quite possibly from the same source!