Member Info for Origin789

Short term pain for long term gain.

POQ has chosen to avoid dilution of the stock, our share price is too weak to raise, so a successful pilot programme will still benefit FOGs selling. We can sit and wait for Tamboran to prove up for us, without further weakening our 22.5%. I see this as a positive, and likely sell in 12 to 18 months if the pilot goes as well as we hope. GLA

Https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-16.84172&lng=133.65373&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-03-23T00%3A00%3A00.000Z&toTime=2024-03-23T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Too cloudy to view the flare on the Sentinal hub today, the last available picture was from 13th March:

https://apps.sentinel-hub.com/eo-browser/?zoom=16&lat=-16.84132&lng=133.65219&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-03-13T00%3A00%3A00.000Z&toTime=2024-03-13T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Thanks WW for your explanation of the sole risk clause, that was a masterstroke by POQ, we can sit & do nothing while Tamboran heads towards production, which we hope will benefit our SP, with no costs to Falcon, apart from POQs salary.

If Tamboran have fulfilled the obligations for the carry, could POQ decide to let the two 3 km horizontals go ahead before raising funds to participate further, as our price is likely to move upwards after two successful 3km legs have been completed by Tamboran.

Yes, that was when Origin were testing the Kyalla formation, but It was mud rock and less suited to fracturing, Falcon's website reads:

Development of the lower Kyalla SRR, if viable, could have significant cost advantages over that of the middle Velkerri SRR due to expected lower drilling costs.

Mudgas and core analysis indicate the reservoir is likely to be wet gas which could also improve the economics considerably.

We are now back in the dry gas play whick is more suited to fracturing, but has a lower calorific value, and thus a slightly lower sale price.

Maggy Thatcher, Winston Churchill, Bobby Moore, we have got the results we hoped for, i wish you were here to see it.. Here are some recent quotes from some of our members:

POODS:

The geology is good. I'm here for the geology...

NEWTOFO:

Yesterday.. was the "right time to buy Falcon shares".

DERRIK:

Im sticking to my 30p prediction...

and infamously:

It's a Gusher!

GLA.

My prediction is 22.5p before dropping down 5p on profit taking, so finishing on 17.5 tomorrow. I'll be holding out a while yet.

GLA.

The SS-1H IP30 flow rate delivered the highest normalized rates achieved in the Beetaloo Basin to date,

exceeding the previous normalized IP30 record achieved by the Tanumbirini 3H well in the Santos-

operated EP 161 acreage in 2022. The result continues to support that the deepest regions of the Beetaloo

Basin have the most consistent geology and have the potential to deliver the highest flow rates and

recoverable volumes...

Look forward to hearing results on Sunday 23.30 uk time. If you have any Qs for POQ, you can register on the Investormeet platform, and submit Qs easily on there::

https://www.investormeetcompany.com/register-investor

Hey Greenlantern, I agree with your comment that Newtofos posts are truly epic, he sure has plenty of encyclopedic knowledge to back up his honesty & integrity. It's always good to hear his positive vibes, I'm grateful of that over the years!

You've got to admit that this well appears promisimg, with great plans to move forward to pilot production if the numbers are as good as we hope for. GLA.

I think that POQ is likely to discuss fundraising during Mondays investor Meet, and where / when we are likely to choose to participate. I have my faith in POQ to make the right decision, here's to good results on Monday!

GLA.

Hi Northern, I think that Tamboran will release the news 16 hours before POQs meeting, if I am correct with the time difference. POQ will be in good spirits if we have the results we're hoping for!

Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Philip O’Quigley, Falcon’s CEO, will conduct a Q&A via the Investor Meet Company platform on 26 February 2024 at 4:00pm (London time).

The event is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00am (London time) on Friday 23 February or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Falcon Oil & Gas Ltd. via: https://www.investormeetcompany.com/falcon-oil-gas-ltd/register-investor

Thanks Margarita, we are pretty well aware of what you mentioned, a successful well will be a big turning point for us and allow for the pilot production to commence, then we will likely attract interest from one of the big players and POQ will earn his money then.

Https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-16.84188&lng=133.65267&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-02-12T00%3A00%3A00.000Z&toTime=2024-02-12T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

Yes WW, 85-95 % of the production came from stages 8-11 spanning a 200m horizontal section, prior to the casing deformation.

Thanks Stebol, those things considered too, of course, but we're still running the test with half the length, and flare still looking very impressive - so that should count for something, here's hoping!

Good point sinceday1, are we comparing a 500m with a 1000m lateral, and still have a comparable flare size with half the meterage. If so, then we could be onto a winner! GLA.