Member Info for OrsonModesto

Nice to see more activity moving forward. Sure wish Santos would get going on their completion/operation.

In relation to your comment about the depressed share price due to the liquidation, I view this as a rare opportunity to possibly be able to derisk one's investment by being able to wait until after positive data is released and still be able to buy in before an upward move in the share price, no? How long of a timeframe that may be, I have no idea.

They’ve stated they would release IP rates before the end of the year.

It’s very simple; first and foremost, we need to officially move forward with the completion of the kyalla well. And then, positive results from said completion. Only then will interest increase.

https://www.jeffreyhillpc.com/

My comment was - "Attorney's DON'T want to take falcon shares for compensation I can tell you that."

My point being the liquidation continues to pay these attorneys IN CASH.

No idea the share count left. Since they have been able to sell them since last July, I would imagine they are starting to get somewhat close to exhaustion. The selling is controlled by the Trustee at this point, not the Court.

Look at all these Applications for Compensation, which will all likely get approved. Been watching this dance for months. Attorney's don't want to take falcon shares for compensation I can tell you that. Interesting thing is some of these are starting to say "Final Compensation"

https://www.docketbird.com/court-cases/PetroHunter-Energy-Corporation/cob-1:2016-bk-20197

Putting sheets on beds, setting out hand sanitizer, etc. - folks literally have to be showing up within days for them to be getting the place ready to this degree.

Two pillars of the plan are to encourage a major gas industry in the Beetaloo Basin, south of Katherine, and a gas-based manufacturing precinct in Darwin Harbour, where methanol and hydrogen will be produced.

https://www.abc.net.au/news/2020-09-06/comeback-capital-or-fanciful-economic-development-nt-business/12633422

So, just following up on this post I made in June, I noticed Firetail just finished "safely executing a combined Fluid Management and Well Test operation in the Cooper Basin."
https://www.linkedin.com/posts/firetail-energy-services_teamwork-safety-upstream-activity-6702446908910141440-Zb78

I wonder if they will now be heading to the Beetaloo before long since the original post had stated the multiple tenders they were awarded "will be provided for multiple clients in the Beetaloo and Cooper Basin area's."

It seems the timing is about right. And Firetail is a small enough company that I doubt they have more than one or two projects going at any given time.

I felt pretty good good going into this election, but you never know if there is going to major shift in elections. I think things are going to accelerate a lot more after this election. I F’n hope so!!

Labor win = good.

Agreed. The $80M constitutes 100% of their exploration budget for this year.

I am really not sure if they are saying they paid it, or that they just pushed that cost off into the next fiscal year when they exercised the extension. A little bit of accounting trickery it appears. I think they are just saying they didn't have to make that payment this fiscal year, and are calling it a "cost reduction" but I could be wrong.

FYI -

The Extension of ORRI Call Option allowed Falcon to exercise its 30% share of the call option up to and including 31 August 2021. The cost of exercising Falcon’s portion of the call option increased from US$4.5m to US$7.5m.

After the reduced farm-out agreement, Falcon now only owes $5.625 million by next August if the option is exercised.

https://www.globenewswire.com/news-release/2019/04/23/1807593/0/en/Falcon-Oil-Gas-Ltd-Extension-of-ORRI-Call-Option.html

Let’s not forget pipeline infrastructure to take gas out of the Beetaloo is already well advanced with Jemena having started feasibility studies on an expansion of the NTG pipeline what seems like years ago, and also the NT government already releasing tenders for a feasibility study on a new pipeline from the Beetaloo to Darwin. I can easily see a connection eventually being made to the pipe proposed in the AFR article to help build out the system. Greater capacity will help all players.

https://www.futurefocusproject.com.au/story/6715723/pipeline-would-fulfil-territorys-gas-vision-govt-says/

My bad, made a typo. Meant to reiterate that CLP and Labor will hold a majority vote after the election.

Follow up:

https://www.theleader.com.au/story/6879976/nt-election-has-pundits-scratching-heads/

Pretty fair article. Bottom line remains that CLP and Labor will hold a minority vote when it is all said and done.

I’ll also add that I know Origin is still contractually bound to complete the stage 2 wells before July 1, 2021.

There is nothing new in the article. It is merely speculation/opinion based off the past discussion that if Terry Mills/TA win any seats they may hold the "balance of power" since Labor might lose majority government.

It doesn't even matter if Labor loses the majority. I don't see anyway in which Labor and CLP don't make up enough seats to form a majority vote, and the one thing the CLP and Labor agree on is a thriving onshore gas industry.

3 weeks til the year end report is released. Should also include an investor call. I imagine the Beetaloo Plans will come up.

Origin will report quarterly earnings at the end of this month, and year-end results in August, so I am pretty sure we will get SOME sort of update within the next 6-7 weeks, at most. I expect VERY little out of the Falcon camp moving forward, other than piggy-backing off of Origin's releases.