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In the investor Meet online chat , POQ stated that Sheffield owned 15% of Falcon, which came as a surprise to everyone at the time, but we saw lots of 100k blocks being purchased, and guessed he may have been the buyer. My guess is that Sheffield may well own more than that 15% stake in Falcon now.

Thanks Oleo, flare is still looking veg impressive, would be great to know the answer to Newty Q, whether the Empire flare posted here was Empire's C-2H or Empire's C-3H well. Thanks for the posts, GLA!

Thanks Guys, flare looking good, great to see the flare clearly visible, this could be the one! GLA.

Good spot Schlemiel, appears to be going well this time DU!

Tamboran Resources, which is plotting to become a major supplier of gas to Australia’s east coast and of LNG to regional neighbours, is excited about soon-to-be-released drilling results, the company’s chief executive said, hinting the Northern Territory resource project that has emerged as a lightning rod for opponents is edging closer to realisation.

Strong drilling results from Tamboran’s latest exploration campaign will bolster confidence that the Beetaloo region could emerge as a major source of gas in Australia, relieving tight domestic supplies. But it will exacerbate environmental opposition to unlocking the region for fossil fuel exploitation.

Tamboran last year began its initial drilling campaign, with chief executive Joel Riddle hinting that the market would be pleased by the round of results.

“We have well tests that we are going to be announcing in late February. We are encouraged and excited about the pending results of that well. This has clearly shown that the geology of the area that we have selected and targeting first development has the best resource potential in all of the Beetaloo. It has the biggest and highest pressure gaps in all of the Basin,” Mr Riddle said.

Strong results will bolster confidence within Tamboran and supporters of extracting gas from the NT.

Thanks 805slo, it does look like a flare, but when you look at the site image from 24 Dec with Tru Colour, the flare doesn't show, and 24 Dec is when the SWIR image seems to show a good flare.

It's difficult to make out the positioning of the flare too as the cloud is partially obscuring the site. I'm hopeful it is a flare!

Thanks Oslo, looks like something is happening, but inconclusive, guess we will need to wait another 5 days. GLA.

Thank you for posting the sattelite image, it's a relief to see a flare. Do we know what date the flare appeared? Have a great Xmas all.

SANTOS, JX AND ENEOS TO COLLABORATE ON CARBON CAPTURE AND STORAGE TO SUPPORT MOOMBA CCS PHASE 2 AND HELP JAPAN DECARBONISE

Following the passage of legislation through the Australian parliament to facilitate the cross-border transfer of CO2, Santos is pleased to announce a new agreement with two major Japanese energy companies to collaborate on CCS.

Santos’ plans to expand the Moomba carbon capture and storage (CCS) project and transform the Cooper Basin into a decarbonisation and low-carbon fuels hub have gained further momentum through the agreement.

The signing of a memorandum of understanding (MOU) between Santos, JX Nippon Oil & Gas Exploration Corporation (JX) and ENEOS Corporation (ENEOS) paves the way for a joint feasibility study that will evaluate the potential to capture, transport and sequester emissions from Japan, supporting expansion of the Moomba CCS project.

The aggregation and management of carbon at Moomba would also support Santos’ Energy Solutions low-carbon fuels ambitions and complements current studies with Tokyo Gas and Osaka Gas for potential low-carbon e-methane production in the Cooper Basin. This would facilitate the export of e-methane, made by combining green hydrogen with CO2 obtained from industrial emissions or direct air capture in a circular economy.

Thats a shame that Natasha has had to resign, she provided excellent support for the Beetaloo and Middle Arm, and stood up to the Greenies.

This is a great early Christmas Present for us all, and not before time. I wonder if Sheffield is still buying more FOG, or maybe some of his allies. POQ must be feeling a little more smug now too! GLA.

Grrreat!!!

I believe that as The Northern Territory Government has provided Tamboran exclusivity over 170-hectares (420- acres) on the Middle Arm Sustainable Development Precinct (Middle Arm) for a proposed LNG development, Northern Territory LNG (NTLNG), which is expected to be supported by the low reservoir CO2 gas from the Beetaloo Basin, this will be a big plus for Tamboran when they market themselves in the US. GLA.

Https://www.reuters.com/business/energy/safrica-circles-back-shale-gas-power-crisis-drags-2023-05-18/

CAPE TOWN, May 18 (Reuters) - South Africa will auction at least 10 new onshore blocks for shale gas exploration in the environmentally sensitive Karoo region, a government official told Reuters, as the country eyes alternative energy sources to ease its worst-ever power crisis.

South Africa's first competitive auction for oil and gas resources, expected in 2024 or 2025 once legislation making provision for the bid round is passed, includes acreage once held by Shell (SHEL.L)...

"We are potentially looking at a minimum of about 10 shale gas blocks in the Karoo that will be released through competitive bidding," Bongani Sayidini, chief operating officer at the Petroleum Agency of South Africa (PASA) said.

PASA estimates the Karoo Basin holds around 209 trillion cubic feet (tcf) of technically recoverable shale gas resources, although a 2017 study by geologists at University of Johannesburg said this was probably 13 tcf, the lower end of estimates ranging between 13 tcf to 390 tcf...

RISK TO ENVIRONMENT

Falcon Oil & Gas (FO.V) and Bundu Gas and Oil Exploration, a majority-owned unit of Australia's Challenger Exploration (CEL.AX), retained rights to apply for exploration licenses, Sayidini said.

"We believe this is the place to be with the best potential to make it commercially viable," Philip O'Quigley, Falcon's CEO told Reuters of the southern part of the basin, where the company is seeking a license.

Yes, good news, the pressure will be on to get results, I am going thatTamboran won't be taking any sort cuts this time round.

Thanks Newty, that sounds very plausible, and a good plan, considering the problems recently. Does anyone know if this had been done before by other companies?

I agree, the Amungee H2 should have been a sensible lower risk choice to gain some credibility, but the choices turned this sensible option in to a high risk gamble. I don't know how Riddle works, but I guess that Riddle has experts advising him on the best options for success, but we all know what the result was. POQ deal looks to be very wise with what we have seen this year so far.

POQ days that Sheffield owns 15% of Falcon, I thought it was 10%? Looks like shined big buys have been going through late today, Sheffield possibly adding more?

Good point well made Frack me, i wonder if POQ will comment on how Tamboran handled this disappointing news.

Tamborans decision to use the larger diameter casing will show their expertise and the flow will average around the 4.5mm cu.ft/day range, I'm not sure how that will affect our share price or what happens next. GLA.

Thanks Thij, the flare is looking consistent over the 30 days, I hope the flow rate will be declared as commercial, and we hear what the next move will be on Thursday. GLA.