Member Info for Origin789

Thank you for all your interesting and informative posts, this board is always excellent, and quite optimistic about our prospects in the Beetaloo. It's good to hear the other view points and to hear that nothing is guaranteed. Next years results will be very interesting indeed, and let's hope that it is another good decision from Origin. Things certainly seen to be in to place. GLA.

Philip O'Quigley, CEO of Falcon, commented: "Today's announcement is an exciting development for Falcon shareholders and is due to significant technical work carried out by Origin over the past 18 months. The agreed acceleration of the work program into Stage 2 is technically driven and the A$15m cost cap increase provides Falcon with additional financial flexibility. We are very excited about the upcoming drilling program with the objective of appraising and assessing commerciality of the prospective plays."... Exciting RNS, onwards and upwards from here.

The LNG market will require over 200 million tonnes per year of new supply through to 2030, or roughly 25-30 mtpa per year in new capacity additions to 2025, according to Bernstein. "We believe 60 mtpa needs to be sanctioned by 2020 and a further 100+ mtpa between 2020-2025 to ensure markets are adequately supplied," Bernstein said. Liquefaction capacity additions are expected to fall sharply by the end of 2019 as newly commissioned plants reach their maximum capacity, according to Bernstein. "We expect a supply gap in the gas market in the early 2020s ... LNG Canada looks very promising," Shell Chief Financial Officer Jessica Uhl said last month. https://uk.mobile.reuters.com/article/amp/idUKKBN1KR156

Yes, were no longer The 49ers, were now the Heinz 57s.. it's good that the minority are growing. Can't wait to hear what the plans are for next year. GTA.

BP are buying 5,500 onshore producing wells in America with 4.6 Bn barrels of oil in place for £8bn. After years of slashing budgets and minimising exploration, the big companies are now looking for assets to purchase. Good times ahead!

Who knows where it will climb, but I do know that $8 to 10 would be very nice!

I agree with We****ers comment, time to chill and wait for the action, then let Origin walk the walk and OQ walk the walk.. if anyone is lucky enough to be able to buy now, this is a fantastic opportunity at these silly prices into what is now essentially de-risked. GLA

Bigones back in - unlikely.. The trades today were way too small, and the price too high. I'm sure he will let us know if and when he jumps back in again. Let's hope he get back in soon before the price surges further when Origin release their plans for next year. Fruitful times ahead!

Quite a few trades throughout the day of 20,000 - 50,000, as far as I know there is no breakthrough news, though things seem to be progressing well with the pipeline and the NTG plan. Chief Minister Michael Gunner stated the plan will position the Territory to begin onshore gas exploration in earnest next Dry season. "The government will commission a Strategic Regional Environment and Baseline Assessment (SREBA) for all regions where gas development will occur, starting with the Beetaloo Sub-basin.

Yes, as far as politicians go, Gunner is one of the better ones, the enquiry commissioned by Gunner was very thorough and came out with a a result that can keep everyone happy, a win win all round, and the delays the ecos wanted we're brushed aside as Gunner knows what is best for the Territory. Roll on 2018!

The Inquiry recommendations will be delivered in three stages aligned with major milestones as the industry develops. STAGE ONE – PLANNING Stage One covers setting up governance arrangements for implementation. STAGE TWO – PREPARING FOR EXPLORATION Stage Two comprises implementing the recommendations that need to be done early including those that the Inquiry determined must be complete before any exploration involving drilling or hydraulic fracturing and stimulation of unconventional wells. The recommendations are; • Codes of Practice for industry • transfer of environmental decisions regarding petroleum from the Minister for Primary Industry and Resources to the Minister for Environment and Natural Resources • baseline mapping and ongoing monitoring regimes for weeds, methane emissions and water quality near proposed drilling sites • commencement of a broader Strategic Regional Environmental and Baseline Assessment (SREBA). The goal is to complete this by the end of 2018. STAGE THREE – EXPLORATION AND PREPARING FOR PRODUCTION Stage Three covers the balance of the Inquiry recommendations and will take a number of years to complete. Stage Three must be completed before any production approvals are granted for unconventional gas. Many of the actions in Stage 3 are still in planning and the detailed approach will be published in online updates to this plan. Actions in Stage Three may commence before Stage Two is complete. https://hydraulicfracturing.nt.gov.au/

Great reading your comments, although lifting of the moratorium didn't reward us with a well earned SP rise, it was the key to unlocking the future potential of FOG. It now appears we are in the right place at the right time. Next year Origin will be free to walk the walk, and POQ will then happily be talking the talk. Exciting times ahead for us all.

Steve Hill, executive vice president for gas trading at Shell said recently “we see the market growing rapidly, with gas demand growing faster than overall energy demand,” adding that “we don’t see renewables as being a threat to gas.” Brian Youngberg, an analyst at Edward Jones & Co., based in St. Louis, said in reference to gas that “in the fossil fuel area, it’s the one clear growth part of the business.” LNG is also increasingly taking a larger share of gas trade. LNG’s share of total gas trade is forecast to rise from a third last year to almost 40 percent in 2023, with much of this increase attributed to LNG demand growth in China. According to the Paris-based International Energy Agency (IEA), Chinese demand for natural gas will rise by almost 60 percent between 2017 and 2023 to 376 billion cubic meters (bcm). This includes a rise in its LNG imports to 93 bcm by 2023 from 51 bcm in 2017. Emerging markets in Asia, including Vietnam, the Philippines, Thailand and Pakistan, will account for about half of global LNG imports by 2023. This continued and sustained rise in LNG demand will have significant impacts on trade flows, LNG pricing structures and global gas security. Projected gas demand BP in its 2018 Energy Outlook projects that natural gas demand continues to grow strongly to 2040, supported by broad-based demand and the continuing expansion of LNG. Global LNG supplies more than double over the BP outlook period, with around 40 percent of that expansion occurring over the next five years. The Outlook added that the sustained growth in global LNG supplies greatly increases the availability of gas around the world, with LNG volumes overtaking inter-regional pipeline shipments in the early 2020s. Shell in its LNG Outlook 2018 added that global LNG markets have continued to defy expectations, growing by 29 million tonnes in 2017, more than 30 percent more than expected. Based on current demand projections, Shell sees potential for a supply shortage developing in the mid-2020s, unless new LNG production project commitments are made soon. https://oilprice.com/Energy/Natural-Gas/Big-Oils-Next-Major-Move.html

Thanks to WW & Newty for their excerpts from the APPEA download available for purchase on the Origin Technical paper on the "5 distinct plays in the Beetaloo" that Origin's team have published, good to hear the Beetaloo Sub-basin has the potential to become a significant future energy province with its portfolio of diverse and materially significant plays. The JV is uniquely positioned with exploration tenements that provides exposure to all the identified plays. I'm looking forward to hearing need from Origin / FOG as to what their next moves will be, de-risking sounds like a good starting point. Exciting times ahead!

Thanks WW and Newty for the excerpts, if POQ gave an update to the shareholders it may help minimise the SP drift, but at least this drift gives us the opportunity to keep adding. I'm looking forward to the news feed coming through from Origin / FOG as to what their plans will be. WWs summary of the APPEA download available for purchase on the Origin Technical paper on the "5 distinct plays in the Beetaloo" is as follows: In part of the conclusion the report reads - As such, the Beetaloo Sub-basin has the potential to become a significant future energy province with its portfolio of diverse and materially significant plays. The JV is uniquely positioned with exploration tenements that provides exposure to all the identified plays. If activity resumes in the Beetaloo, it is likely that the JV's next two to three wells will focus on de-risking plays with increased liquids potential, lower well cost and therefore improved economics. That folks means the Kyalla for sure and at some point a HFT of the Hayfield Sandstone. Thanks Guys, exciting times to come!

http://www.proactiveinvestors.co.uk/companies/news/199970/lenigas-tweets-update-from-horse-hill-sends-ukog-share-price-soaring-199970.html

This thread had made for interesting reading, I have to say that I am firmly sitting in the Poiu side of the camp in this matter, no reverse split for me. This price is sadly drifting and I'll be looking to add more at these prices, then roll on next year!

I'm waiting to pick up a few more shares too, I can see the price drifting further while nothing is be happening. If the SP moves to sub 16p, that will be difficult for me to resist. Let's hope that our patience will be well rewarded in the not too distant future. GLA.

We are playing the waiting game with nothing happening at the moment, next year should be a very good year and is not far away for us now, POQ will be walking the walk, he won't need to talk the talk.

I understand your frustrations Camelot, if I use your analogy about the elephant in the room, at the moment we only have the elephants toe nail, patience is required. Although it was frustrating there wasn't the SP rise we expected after the moratorium lift, unfortunately, but when we see how big this elephant really is, then the SP will see to itself in my opinion.