Member Info for Origin789

The world may just be realising that we are not yet ready for the Eco Ethical Blue Sky Dreaming fantasy that doesn't supply the energy demand the world needs. Proactive Investors article today:

"Oil markets might be a key mover today after a Bloomberg story that China’s Vice Premier Han Zheng had ordered the country’s energy groups effectively to buy anything that burns to keep the lights on and steel factories open.Jeffery Halley at Oanda notes that spot gas prices in Asia are already at the equivalent of US$180.00 a barrel of Brent crude.Gas prices in the UK hit another record yesterday and if China does plan to hoover up any spare supplies “at all costs”, any respite seems unlikely".

https://www.proactiveinvestors.co.uk/companies/amp/news/961935

We may well find ourselves in the right place at the right time, who knows what is around the corner! GLA.

Kier has reported its first annual profit since 2018, as chief executive Andrew Davies announced the completion of the firm's turnaround plan. The contractor made a pre-tax profit of £5.6m in the year to 30 June 2021 - Construction News Thursday Sept 16th

Good spot dprusdky, I wonder if this is part of a marketing and communications strategy, maybe its time to get a little more serious and professional about this potentially huge resource!

Yes, share price soon falls back down even after good news, more news will soon arrive, don't forget that news isn't guaranteed to be positive.. But below 7p would be a good entry point if the news from our camp, or from Empire were to be good! GLA.

Congratulations to all LTS who make up this excellent board, your patience will be rewarded, it's been on heck of a Journey. We'll done Poods for keeping faith in the geology!

Great to see Tamborans update, they are refreshingly positive and give clarity on what will happen and when results are expected - this is the sort of positivity and clarity that we hope to hear, watch and learn Origin, get rid of the over cautious negativie vibe! Good flow results will surely be of great benefit to us, GLA.

Thanks for the detailed reply as always Newtofo, we do know that Origin are notoriously slow at informing people of their actions, there must be some amount of red tape to wade through in their organisation!

10 Million would be a nice round number to aim for Poods, your probably the only person adding to their tally, everyone else is just about holding on. As you say, the geology is good, as for the timing, we will have to wait and see. GLA..

Link to the guardian article with the news of Origins $1.5 billion asset writedown:
https://www.theguardian.com/australia-news/2021/jul/30/origin-energy-slashes-value-of-australias-biggest-coal-fired-plant-due-to-impact-of-cheap-renewables

My Google feed yesterday has an article about Origin Share price falling, it said that it was due the company announcing a $1.5bn asset writedown (coal) and lower expected earnings..

RNS reads... "Activity has focussed on the continued clean-up of Kyalla 117 in preparation for extended production testing, using nitrogen to support operations.

This has allowed the Kyalla 117 well to begin flowing again without assistance for intermittent periods, however, production has not been sustained and there is evidence of a potential downhole flow restriction.

Operations will now be temporarily paused while the cause of the restriction is investigated, the results of which will inform the development of a new go-forward plan for Kyalla 117.

In the meantime, the JV’s focus will continue on other elements of the work programme. The JV remains on track to drill the Velkerri 76 well and commence a further extended production test at Amungee NW 1H in the coming weeks".

Cenkos act as Falcons Nomad.. Cenkos was founded in 2004 by a small group of professionals with more than 20 years’ experience each, in funding smaller companies. Cenkos’ founders share a long term commitment to bring together capital and enterprise and to play a role as a leading broker and adviser, fostering growth and shareholder returns. Reflecting on their long experience in the market, Cenkos was set up with a distinct model to address the specific challenges that smaller companies face.

Cenkos was admitted to trading on AIM in 2006, has been profitable every year since inception and has a strong balance sheet. We have offices in London and Edinburgh.

VM, I would ask the same Q, I think that Cenkos's look through valuation is their conceptual valuation of where falcon should be based upon prospective resources in comparison to Tamboran's prospective resources in the Beetaloo... Maybe someone could fill us in on their take on your Q. Its a huge relief to hear some good news from POQ!

Tamboran’s key focus is to de-risk the substantial resources identified within its highly prospective acreage in the Beetaloo Sub-basin. Tamboran’s assets include EP 136, EP 143, EP 161 and EP(A) 197. An independent reserves and resource certifier has given a best estimate that the net prospective resources in EP 161 and EP 136 total approximately 31 Tcf. The Beetaloo/McArthur Basin is one of the most active E&P areas in Australia, with significant appraisal and investment anticipated to occur in the new 18 months.

Thanks for the information dprusky, it's been a long time comin, and the price keeps a droppin.. it's very frustrating that our management aren't telling us anything. Let's hope that they have been busy doing their homework during this inactivity on the ground.. GLA!

Thanks, Good Articles. Hydrogen ticks the right boxes for the politicians and transitioning from Natural Gas to Hydrogen will be key for the long term future of the Beetaloo. If the Russians are capable of producing 'green hydrogen' from natural gas 'cleanly and efficiently' then maybe Victor will let POQ into their secret and keep Niome happy at the same time!

The US Energy Information Administration stated the Karoo basin has potentially the world’s eighth-largest deposits of shale gas, with an estimated 390 trillion cubic feet of the resource technically recoverable.
However, in 2017 geologists at the University of Johannesburg estimated the Karoo’s gas resources was probably at just 13 trillion cubic feet??
Back in 2019, giving a sworn testimony in RELATION to Corruption and Fraud in the Public Sector, Mr Agrizzi said that what Falcon was looking for was influence with Mr Zuma in return for contracts to manage its Karoo operations.
Negotiating South African politics will make The Beetaloo look like a piece of cake, POQ will certainly earn his salary negotiating a deal there!
GLA.

Hydrogen not in favor today, I heard that the hydrogen supply pipes froze last week in the north east where they are trialing hydrogen to run the hearing system on some houses?

This fund looks to be what I'm looking for, potentially a risky investment, but I see Hydrogen is where the future needs to head, in my mind. This may be a long and winding road with many bumps, but the future is changing fast. This is a massive opportunity, we need governments to see the potential is real. Some good choice of stocks combined in this hydrogen focused etf.

Thanks Schlem, that looks encouraging, this hole is filled with treasures which it doesn't want to let go of easily.. If Origin manage to tease these goodies out, then this is going to be one fantastic result for us long suffering people! GLA.

As reported in the Aussie Press Yesterday :
Roxanne Fitzgerald 20 Jan 2021, 8:30 a.m.
Kyalla 117 was the first well to be drilled after the moratorium was lifted by the NT Government to explore for shale gas in the Beetaloo Basin.
A report confirming the discovery of liquids rich gas buried deep within the Beetaloo Basin has been submitted to the NT Government, just days after $217 million of federal funds was earmarked to accelerate plans to develop the major gas reservoir.
The report, from Origin, is merely a formality in line with the NT's regulatory guidelines for reporting a discovery, Origin senior external affairs manager Chris Zipf says.
In a statement released yesterday by the energy company, "the notification of discovery is supported by preliminary production test data and petrophysical data."
"We are encouraged by the early results from the well, which has met our primary objective to flow liquids rich gas from the Kyalla formation," Origin executive general manager of integrated gas Mark Schubert said.
"To support the well to flow continually without assistance we will now put in place longer term measures to flow back sufficient hydraulic fracture stimulation water, enabling production testing to commence in the coming months during the dry season.
"This is the first well to be successfully drilled into the Kyalla formation and we continue to gather important knowledge and data that will inform and refine our ongoing exploration activity in the Beetaloo."
https://www.northqueenslandregister.com.au/story/7092645/nt-government-handed-beetaloo-basin-gas-discovery-report/?cs=4770