Member Info for Origin789

Thanks Schlemiel, it would be interesting to hear from one of our knowledgeable members to see what their take is on the news below:

The T2H well peaked at 4.0 mmscfd following a weather-related shut-in in mid-January 2022. The
well has since stabilised at a 14-day average of 1.7 mmscfd over a 660-metre unoptimised fracture
stimulated horizontal section (normalised at 2.6 mmscfd over 1,000-metres).
• The T3H well peaked at 10.0 mmscfd following shut-ins for the same weather-related event and
planned maintenance. The well has since stabilised at a 10-day average of 1.5 mmscfd over a 600-metre unoptimised fracture stimulated horizontal section (normalised at 2.5 mmscfd over 1,000-metres).
• Incorporating the results from the Tanumbirini 1 vertical, T2H and T3H wells, Tamboran has
developed an exclusive and independent model, using its own intellectual property, into
optimisating effective fracture stimulation within the Mid-Velkerri “B” shale formation.
• This modelling indicates that the Mid-Velkerri shale is capable of flowing gas in excess of
5 million standard cubic feet per day (“mmscfd”) per 1,000-metre, which has been verified by
independent subsurface expert, Subsurface Dynamics, Inc.

Europe woke up to the realism that we do need gas and the green vision is a distant fantasy at this moment. The EU has classified has as a Green transition fuel, then also a carbon zero fuel where carbon capture is employed. The Beetaloo future is secure if this holds, carbon capture will be employed in the Beetaloo, Joel Riddle all ready states this himself. The future is very bright! Speaking of which, I look forward to tonights sattelite images from H2!! GLA

Spot LNG shipments to Europe were pricing at roughly $44 per million British thermal units compared with about $38/Mmbtu in Asia.. During October and November prices in Asia had averaged $5/Mmbtu above those in Europe, the brokerage said.

Torbjorn Tornqvist, the founder and chief executive of Gunvor, the world’s biggest independent LNG trader, said he expected to see 15 to 20 cargoes, in addition to the normal flow, head to Europe in December and the same amount in January.

“Europe is clearly pricing itself to attract a lot of LNG and it needs it,” he said. “Without that, the supply situation could be very serious depending on the weather. Stocks are already low and will be exceptionally low by the end of the winter.”

Froley added that Royal Dutch Shell, which has an offtake agreement with the Pampa Melchorita LNG terminal in Peru, had been sending Peruvian LNG to the UK for the first time since 2019. Seven such Shell cargoes have arrived in the UK since the end of October, with four more cargoes scheduled “in coming weeks”, he said.

Like in continental Europe, UK gas prices have risen roughly 600 per cent since the start of the year, bankrupting more than two dozen domestic energy suppliers.

Gas accounts for about 40 per cent of UK electricity generation and heats the majority of homes. It depends on LNG shipments for roughly a fifth of total supply.

LN Gas from Australia has all ready been arriving to the UK recently, 3 LNG ships came from Aus in December to the UK after diverting en route to China as UK offered a higher spot price.

Where one door closes, another one opens, goodbye Russia, Hello Beetaloo! Good to see the SP still rising this morning, will be good to end the week on a high!

The price is just edging northward, it looks like the 100k buyer is back..

The carry and what remains.. I think that's the unknown, and we are unlikely to know until the time arrives for money to be sought, unless we receive an offer we can't refuse before the time comes.. We would hope that FOG is in a stronger position should there be the need for a raise!? GLA

I hear that we have 2 horizontals planned for this year, but I dont know where or when. It is thought that the Amungee is likely for one of the two horizontals -- as Origin has the well pad ready to go, along with very detailed seismic and prior data room drilling analysis that will help them lay down a fault free 2 km horizontal (thanks Newty).

There is a chance that Origin may go back to EP76 for the second horizontal, and that is based upon good data gathered from the vertical DFIT tests at EP76 with clear indications of wet gas witg TOC and saturation numbers were some of the best to date with a shallower depth.

Falcon is fully carried for costs upto $265 million, but it is unknown how much of those costs remain as Origin burn money fast.

Origin is usually slow off the block and don't detail their plans for the year ahead, so first results from the we'll are unlikely until fall (going from their past precident). But we have high hopes, this is likely to be our vintage year, Tamborans results will give an insight as to where we are heading.

On Friday, the parties agreed to end their dispute.

"Santos and Rallen have reached agreement to resolve the court proceedings," a document tendered to the court said.

Under that agreement Santos will continue work at one site on the station, but will cease work on the two contentious wells until after December 2022 and pay Rallen's $400,000 legal bill.

"Santos will work to improve the way it engages with landholders," the document said.

"Santos looks forward to a constructive working relationship with Rallen on that basis."

Sorry if you have already seen this article, it was posted on 7News website on 15th January.

Australia's second-largest independent gas producer Santos and a Northern Territory cattle baron have agreed to end their onshore gas fracking court battle.

The energy company has agreed to pay Rallen Australia's $400,000 legal bill, reform its stakeholder engagement and stop work at the two controversial exploration wells that caused the legal stoush.

Rallen had accused the publicly listed energy company of having a "cavalier attitude" to government regulations after it allegedly failed to provide full details about its exploration drilling program on Tanumbirini Station, about 700km southeast of Darwin.

Thanks Northern, I agree with your thoughts on the outlook for Falcon, all the stars certainly are aligning. With good results from Tamboran in the next fortnight, that could be the start of a very good year! GLA.

Europe & UK now rely on Russia for our gas supply, because we listened & bowed down to the climate chrisis minority and stopped producing our own. Putin has reduced supplies of gas, because he wants Germany to approve the Nord Stream pipeline thru the Baltic, but they are reluctant to do that due to other issues with the Kremlin.
UK & Europe are now importing gas from Australia. We now need a reliable supply from a stable country, Australia has a fantastic future ahead, EU now realise that we need gas, the rest of the world all ready knew! GLA.

Another upward thrust.. Great to see!!

Fatih Birol, the head of the International Energy Agency (IEA) blamed Russia for worsening Europe's natural gas crisis. He implied that the Kremlin was manufactured an energy crisis for political ends at a time of "heightened geopolitical tensions". The EU is currently fuel-starved as Russia decreased its supply of gas, pushing prices to record highs in the past year.

The gas crisis has intensified in recent weeks as the Yamal Europe pipeline, which sends gas into Germany from Russia, has been in reverse for three weeks, while other pipelines have recorded below-average flows.

Analysts have also accused the Kremlin of wielding its state-run gas companies as a political weapon while tensions climb in Ukraine.

According to Mr Biriol. Mr Putin was choking gas supply by holding back at least a third of the gas it could feasibly send to Europe.

What the world needs is a politically stable country to supply gas for the next generation. Australia, get ready!!

The buys should invoke some confidence, they obviously see this as the last opportunity to buy at this level. Onwards abd upwards from here!

Happy New Year to all, here's to a vintage year, may 2022 bring happiness and joy in to our lives! GLA.

Have a great Christmas, I'll be raising a glass to each n every crazy member who contributes to this board, may our craziness be rewarded! Thanks to you all for your valuable and entertaining contributions throughout the year.. GLA!!

Greenies don't comprehend that banning some plays won't solve the CO2 pproblem as the coal / oil / gas will just arrive from some other source from across the globe. Maybe they could put their energy into something more resourceful such as developing carbon capture instead. This is something that Bill Gates and Elon Musk are looking in to developing as it will be a step in the right direction for everyone.

The answer to Schlemiels Q is that 10 TJ would equal around £400,000 @ today's prices.. In Europe (Asia pay less)
A shipping vessel delivered a partial cargo of Australian LNG to Barcelona on December 2 after leaving the larger part of the shipment in China.

“This is believed to be the first Australian LNG into Europe since 2009, when there were a couple of Australian cargoes to the UK and France,” he added.

According to data from Clarksons Platou, the difference between European and Asian prices is currently the widest on record.

On Monday, spot LNG shipments to Europe were pricing at roughly $44 per million British thermal units compared with about $38/Mmbtu in Asia, it said. During October and November prices in Asia had averaged $5/Mmbtu above those in Europe, the brokerage said.

Torbjorn Tornqvist, the founder and chief executive of Gunvor, the world’s biggest independent LNG trader, said he expected to see 15 to 20 cargoes, in addition to the normal flow, head to Europe this month and the same amount in January.

“Europe is clearly pricing itself to attract a lot of LNG and it needs it,” he said. “Without that, the supply situation could be very serious depending on the weather. Stocks are already low and will be exceptionally low by the end of the winter.”

Froley added that Royal Dutch Shell, which has an offtake agreement with the Pampa Melchorita LNG terminal in Peru, had been sending Peruvian LNG to the UK for the first time since 2019. Seven such Shell cargoes have arrived in the UK since the end of October, with four more cargoes scheduled “in coming weeks”, he said.

Like in continental Europe, UK gas prices have risen roughly 600 per cent since the start of the year, bankrupting more than two dozen domestic energy suppliers.

Gas accounts for about 40 per cent of UK electricity generation and heats the majority of homes. It depends on LNG shipments for roughly a fifth of total supply.

Haha Merve, I can understand your thinking, but it isn't me, POQs messages would have a certain Blarney which mine lacks. The £5 is still up for grabs!