Member Info for Origin789

Good on you, I'm sure POQ is following your posts with interest as is me and many others in this board! I'm enjoying the calm moment before the storm, I'm not looking forward to the herds arriving in June!

You've been busy Mirabeau, great to hear of the developments happening in the background, and the Feds throwing money into the Beetaloo to accelerate gas exploration. They certainly appear more than confident that the Beetaloo is going to be declared commercial. Paying off the massive NT debt, generating jobs, attracting business to NT, supplying the East Coast with much needed gas, guaranteeing national security, exporting to growing Asian markets, all dependant upon the Beetaloo. The Government has Australia's future all wrapped up around the success of the Beetaloo.

Baseline water testing and results need to be completed before drilling can start, and these should be completed by June, drilling should be ok to go ahead soon afterwards.

Thanks Stebol, no trades showing at all today, I can see the tumbleweed blowing along now.. hoping the price will achieve BOs sub-20 target price before action starts! Good luck to you and all Falconers!

Time is drawing closer to the June date, though no trading whatsoever today.. I'm tempted to put in a low-ball order for a final top up, and can see this price dropping a little more before any news appears. Just hope that no big buyer moves in before I get my opportunity to bag a few more.

Community Bulletin #15 Progress towards developing a highly-regulated onshore gas industry: Petroleum Act Amendment Bill 2018 passes and new CSIRO Methane Monitoring Report released Significant progress implementing the recommendations from the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory is continuing, with amendments to petroleum legislation passed in Parliament last week and the release of CSIRO’s second interim methane monitoring report for the Beetaloo Sub-Basin. Passing of the Petroleum Legislation Amendment Bill 2018 Petroleum Legislation Amendment Bill 2018 addresses a number of key recommendations including: Creating provisions for judicial review, with any person now able to have proceedings heard in the Supreme Court to challenge the lawfulness of particular decisions or determinations under the Petroleum Act 1984 and Petroleum (Environment) Regulations 2016 if they believe the legal process was not followed correctly. Ensuring gas companies applying for an exploration permit or production licences must be a “fit and proper person”, with past history and performance taken into consideration. Enforcing adherence to mandatory Codes of Practice under the Petroleum (Environment) Regulations 2016. The mandatory Codes of Practice will be vital to the strong regulatory regime being implemented, addressing well integrity, well decommissioning and abandonment, methane monitoring, surface activities and wastewater management. These amendments, along with the implementation of other recommendations summarised in table 16.1 of the Final Report of the Scientific Inquiry into Hydraulic Fracturing, will allow exploration to commence this year..

I think BigOnes knows that drilling is going to start this year, he is probably just doing what he can to get the price down below $.20 so that he bag a load more, fair play to him.

That's good to know, so there shouldn't be any problems with making a start in June now these regulations are passed. The SP is still subdued, and falling a little again today, I imagine we will see a few good buys at these levels, it would be foolish not to!

We will have to see how the Open Standing Clause pans out, the NT Government are just covering their own asses, but they must be aware that this is open to abuse by the antis and potentially maliscious claims. Nevertheless, Great that the 135 Regulations are passed to allow for exploration to go ahead in 2019!

Thanks for keeping the interesting posts going, during these not so interesting times whilst we wait for the bit to hit the ground. It's always good to hear the positivity surrounding this share, everyone's expectations are set high for the Beetaloo. Listening to all the hype and shenanigans in the NT, It seems that a commercial declaration has all ready been made down there! The current SP appears to be a steal, I'm happy the price is down where it is, it's hard to resist topping up at these prices. There should certainly be a nice rise going into drilling, with the big prize waiting for us at the end too!

https://youtu.be/s0e_MCS6nH4 Above is a link to the NT news from 20th Feb 2019, hailing the Beetaloo as the next Oil and Gas Province. NT Resources Minister Paul Kirby & Michael Gunner comment, as was discussed on this board recently. Move the clip onto 10:46 into the video to see the relevant piece.

Thanks for your post, that's great to hear that ConocoPhillips have been doing some great work in the NT.

ConocoPhillips, the third largest US Oil company, operate the Darwin LNG Plant. Origin Energy, through Australia Pacific LNG, are incorporated in a joint venture with ConocoPhillips and Sinopec, Origin is developing Australia's biggest CSG to LNG project based on the country's largest 2P CSG reserves base.

Good digging, it seems that positions are being taken, Beetaloo must be a prime target for the big players wishing to be exposed to the Asian markets.

Thanks for your thoughts WW, I would agree with your June date for drilling to proceed, it may beat to our advantage with Santos drilling earlier, and if they are successful then the excitement will build in readiness.

This is the second status update on progress of implementing the recommendations from the Scientific Inquiry into Hydraulic Fracturing (the Inquiry). This looks to be progressing very well. In most areas, the Draft Codes of Practice were undergoing independent third party peer review in January 2019 and were due to be released for public comment from February 2019. The Codes of Practice will be finalised soon after and will be made enforceable via legislation. Nice to see most items looking almost complete. https://hydraulicfracturing.nt.gov.au/about-hydraulic-fracturing

I think that the Government have reacted to the obstacles thrown at them by Lock the Gate protesters who allege it is actually oil that is being explored, not gas. If this is the case, it is credible how quickly the government have reacted to put this in place. An extract from their update #12 reads: "Territorians will now have the opportunity to comment on Environment Management Plans for drilling of petroleum wells and hydraulic fracturing before they are considered by Government. The Minister will be bound by law to consider the comments before making a decision to approve or refuse the Environment Management Plan".

Always great to read the posts on this board, thank you all for your thoughts and information. 2019 is certainly going to be an exciting year for Falcon, and if the Kyalla & Velkerri wet gas are both successful, then serious offers are surely going to be heading our way.

Shell sketches bright future for liquefied natural gas, this Prediction comes in the wake of strong demand, especially from Asia, in recent years Calls for cleaner air and cuts in carbon emissions should boost global demand for natural gas over the next few decades, says Royal Dutch Shell. The Anglo-Dutch energy company expects gas to account for more than 40 per cent of total energy growth until 2035, according to the company’s annual outlook for liquefied natural gas. This makes gas the largest source of growth in global energy usage over that period. The predictions from the world’s largest buyer and seller of gas come as global trade in LNG, the super-cooled fuel, rose 10 per cent in 2018 to 319m tonnes, thanks to strong demand from Asia, particularly China.

Consultation on key aspects of implementation Stakeholder consultation is underway and will continue in the first half of 2019 on key aspects of the implementation of the Final Report’s recommendations. Elements where consultation is underway or imminent include; Publishing of draft hydraulic fracturing EMPs for public comment The Petroleum (Environment) Regulations were amended and commenced 19 December 2018 to provide for the publishing of draft hydraulic fracturing Environment Management Plans involving well drilling or hydraulic fracturing for public comment and consideration of public comments by the Minister before granting approval. Code of Practice Codes of Practice have been drafted to clearly define the standards and requirements for gas company operations, as recommended in the Final Report. The Codes of Practice have been drafted to address a number of the recommendations; Surface Activities Code of Practice Well Operations Code of Practice Wastewater Management Code of Practice Methane emissions Code of Practice The Codes of Practice have been developed by technical working groups. Draft Codes of Practice are undergoing independent third party peer review and will be released for public comment in early 2019. The Codes of Practice will be finalised soon after and will be made enforceable via legislation.