Member Info for Origin789

Great news, let's hope it all goes to plan. Good luck everyone!

Good to hear the consensus is $2-3 per share, with an optimistic $5 call. The Kyalla if successful may be sold to raise funds to price up further acreage. Maybe POQ will enlighten shareholders with his thoughts on what may happen if the Kyalla is successful.

Oh bum, your right, it's the 963 rig Falcon have booked. Back to being mushrooms again!

Photo was posted on 24th Sept on to their FB site, so things are being kept under wraps. Happy days ahead :-)))

Photo of Ensign Rig 965 added to Katherine Times on 24th September, link to FB page below
https://m.facebook.com/photo.php?fbid=2417163455026369&id=141507242592013&set=a.2417160851693296

There is a photo appeared on the Katherine Times Facebook page showing Rig 965 all set up and dirty, but no comments added. This is the link, just copy and paste into Google search engine
https://scontent.fltn2-1.fna.fbcdn.net/v/t1.0-9/fr/cp0/e15/q65/70658236_2417163458359702_1928194536400486400_o.jpg?_nc_cat=100&efg=eyJpIjoidCJ9&_nc_oc=AQktR0DoZF8g48ixzULqwfxpObjExbxT4wL8ocsNI5hW_aFrZ4zzWXVhS3KCJrh-jms&_nc_ht=scontent.fltn2-1.fna&oh=c5f5bc400df964c4f7cbd9ec48d1add2&oe=5E2D7D81

Inpex could well have an interest, and a decade away may prove to be ideal timing with the way things are. There is a lot of negativity regarding climate change, with Gas on Gretas hit-list, but there are no serious alternatives available, and most electric is generated using gas. As Newty says, gas is the only option available and the transition period for switching over to green energy could be a long time coming.

TOKYO -- Japan's public and private sectors plan to invest $10 billion to encourage broader use of liquefied natural gas around the world, Nikkei has learned, as mounting tensions in the Middle East underscore the dangers of relying on the region's oil.
Tokyo envisions funding such projects as processing plants, receiving terminals and power generation. Industry minister Isshu Sugawara will announce the plan at the annual LNG Producer-Consumer Conference here on Thursday.
The $10 billion will include public-sector financing from bodies including the Japan Bank for International Cooperation, as well as investment from the state-backed Japan Oil, Gas and Metals National Corp., along with trading houses and financial institutions. The government-owned Nippon Export and Investment Insurance will offer full coverage for LNG-related financing provided by foreign funds and other institutional investors.
Japan has imported LNG for five decades and remains the world's top buyer. Its companies have experience and expertise that will be valuable in markets such as China and Southeast Asia where economic growth is driving up LNG demand...
https://asia.nikkei.com/Business/Energy/Japan-to-pump-10bn-into-LNG-as-move-away-from-Mideast-oil

That's good news, gets the monkey off our back. Let's hope Origin learn their lesson from that.

Things are unusually quiet, back in 2016 there seemed to be more information released, reports of commencement, of successful spudding and dates of horizontal fracturing. I trust things are progressing well without any problems.

The rig was reportedly on the Stuart Highway near Katherine a week ago, and it was said that the workers accommodation was already set up on site, so I thought the drill would be ready to go this week. POQ did promise there will be plenty of updates of progress, he will surely release a statement when drilling commences?

According to McKinsey’s Global Gas and LNG Outlook to 2035 report, China last year overtook Japan as the world’s biggest importer of gas and LNG and surpassed South Korea to become the second-biggest LNG importer. Moreover, McKinsey expects China, ASEAN countries and South Asia to account for 95 percent of global LNG demand growth until at least 2035.

Driven by the power and gas-intensive industries, Asian gas demand should increase 2.1 percent annually to 2035, McKinsey also concludes. In contrast, the study assumes a total worldwide demand growth rate for gas – already the fastest-growing fossil fuel – of 0.9 percent per year.

The McKinsey report also projects 635 billion cubic meters (bcm) of new gas supply by 2035, with the United States providing more than half (380 bcm) of new volumes. Russia and Africa will each contribute 110 bcm of new supply during the period, predicts the consultancy, which also assumes a rapid decline in gas supply from Europe and the rest of Asia.

“Overall though, this is a growth story for gas and LNG,” noted Gupta.

https://www.rigzone.com/news/natural_gas_stands_out_among_fossil_fuels-10-sep-2019-159762-article/

The environmental benefits: In the first two decades of this century, the United States substantially reduced its greenhouse-gas emissions, more so than in many Western European countries pursuing active national programs of carbon-dioxide reduction. This happened because the abundant production of natural gas drove down prices and made it attractive to substitute that relatively clean-burning fuel for such relatively high-emissions sources as coal and heating oil for purposes such as generating electricity and heating buildings. The United States achieved these reductions while emissions were climbing in most of Asia and Europe. And it did so without any heavy-handed regulation or federal bullying.

The fundamental issue here isn’t methane or carbon dioxide or climate modeling: It is gullibility. On the one hand, the Democrats offer a pie-in-the-sky “Green New Deal” through which greenhouse-gas emissions might be radically reduced at no real cost to anybody and no meaningful economic disturbance . . . at some point in the future . . . by giving today’s Democrats a great deal of money and power and by implementing a bunch of things that look for all the world like the longstanding Democratic policy wish-list, many of them only remotely connected to energy or climate change. On the other hand, we have the opportunity to substitute — right here and right now — relatively clean sources of energy for relatively dirty ones, and to do so mainly by relying on the fact that producers and industry will do so on their own simply by responding to ordinary economic incentives — incentives rooted in abundance and in the emergence of a world-beating U.S energy industry that creates millions of good jobs in the process.

This offers a rare opportunity for agreement between intellectually honest parties worried about climate change and those who think that the climate threat is exaggerated but welcome the abundant domestic production of natural gas for other reasons. But the Democrats are having none of that.

A more responsible “green” agenda would consist of helping to enable gas production with a minimum of environmental trouble by regulating and managing the real and undeniable environmental challenges involved in energy production in an intelligent and productive way — as, indeed, many state environmental agencies have shown themselves more than able to do when it comes to fracking.
https://www.nationalreview.com/2019/09/elizabeth-warren-democrats-fracking-bans-bad-for-economy-bad-for-environment/

Very good response WW, I'm sure POQ is thinking the same thing too...
Thank you, I love this board! :-)

Dana Petroleum chief Tom Cross reflects on the deal of the decade
The CEO of Dana Petroleum, Tom Cross, made more than £50m

Tom Cross received a phone call he’ll never forget six weeks ago. It came after the announcement that he was selling Dana Petroleum, the oil company he founded 16 years ago, for £1.87bn.

“It was from a disabled pensioner in Ireland who was calling to say thank you,” he recalls. “She said: 'Dana has transformed my life’.

“She invested £400 in 1995 and was getting a cheque for £720,000. She was able to move to a new bungalow with wheelchair access and to go to Australia to see her grandchild for the first time.

https://www.telegraph.co.uk/finance/financetopics/profiles/8113069/Dana-Petroleum-chief-Tom-Cross-reflects-on-the-deal-of-the-decade.html

Meant to say Hitting the dirt, not getting the dirt.. Freudilent slip!

We are all feeling your pain Vegas, I think most investors in FOG are in negative equity at the moment! At least we will be getting the dirt soon enough and things could be about to change for the better, but I think plenty more patience will be needed before the price gets to where it should be. I'm sure Origin and POQ will come good in the end!

Glad it's nearing it's destination, the seven cars causing the blockage must have been Niaomi's close friends and relatives, it is good to hear that the police are taking the time to talk to the demonstrators.

Sir Jim Ratcliffe, one of Britain’s richest men, has set his sights on the US shale gas industry as his fracking ambitions in the UK wane.

The owner of petrochemicals giant Ineos is on the hunt for shale gas investments within the US fracking heartlands of the Permian Basin, according to sources.

The billionaire industrialist is understood to have begun assessing a number of US shale projects over the summer as part of a multibillion-dollar debut in the US oil and gas industry.

Could he also have his eye on what is happening in the Beetaloo, I suspect he may!

https://www.theguardian.com/business/2019/aug/28/ineos-looks-to-us-for-fracking-sites-as-uk-options-wane

Thanks Shalamar, much appreciated, It sounds like they have gone for the full force 'Gale' option there in the Permian, tee hee! With the Governments tight control in the Beetaloo it seems things could be very good for the people, economy and infrastructure.