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Thanks tsoprano1, your story intrigues me. .25 would be sad and a relief for me and I suspect many on the board.
You have any specific examples of the underhanded tactics you mentioned that you could share? Thanks for posting!
GLA
It seems every few year there’s some news about Karoo... noting ever materializes. The best was when falcons website stated they expected there applications to be approved in July 2019 or something like that. That statement was up on the website for a year after JULY 2019. They finally took it down.
I’m sure we all have forgotten but POQ did successfully negotiator a few more wells in MAKO. That was bust but did land us some cash.
We’ll likely struck commercial production there before SA (if anyone on the board is hopeful still for MAKO do share your optimism...)
GLA
Here is falcons current Reddit exposure. Might be worth an upvote ;) https://www.reddit.com/r/pennystocks/comments/5zvi8x/thoughts_on_folgf/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Thanks Wet, I think right now the opportunity cost for this stock have been the most frustrating part of investing in Falcon. I think that also is why the price is so depressed right now. Always happens with penny stocks but magnified in the current environment with how the broader market is performing. Speculative investments have moved towards everything else that is hot GME Bitcoin EV.
But likely like the rest of you, I'll continue to hold until the end. Falcon likely won't be featured on WSB it's just not an exciting / fun stock to be in right now. With that said, I do think that Falcon will have it's day, though I've changed down my price target from $2 to $1 as I think the most likely exit will be a buyer picking us up on the cheap next year after actual analysis is complete as I think the big money would rather leave then fund further investment. With that said it's still 10x current price so would still be very happy.
https://www.scribd.com/document/469705853/sustainability-11-02838
https://www.scribd.com/document/451729396/sustainability-11-03938-1-pdf
This may give you the correct link.
It's funny, I originally read that as a positive... like... they had to do it to comply with regulations, but there's a lot more to come. I don't no the industry to well, but I bet regulators jump over any overly optimistic tones in these type of releases, without the full complete analysis.
I think there's a lot more excitement / optimism behind the scene, and that they are more than pleased with "meeting the goal of flowing liquid rich gas". I'm sure there is plenty to come, but can't do much now until dry season.
Thanks for posting your view, it's helpful to see what others think of releases that can give insight into how the market has reacted.
NEWTOFO Hydrogen, Thanks for your replies. Rarely do I buy on news releases as I hope you be ahead of the news, but in my opinion the penny jump is peanuts compared to the derisking of the news.
Yes, the disclosed rates are not great on surface, but there is a lot not being said that is where the work was done. The geology is not perfectly understood, but that doesn't mean it's anything new that Petro engineers haven't dealt with similar to identical situations in other plays. They are definitely figuring out how to best frack the net well and the next. From memory, the initial fracking with done at some very high pressure. Maybe they take that down, maybe they change the well angle next time. The important thing is they got it to flow on there first well HFS. (I know they abandoned the other leg). Anyway, If they are not currently doing the EPT for the reasons Newtofo specified, fine for now... Likely a reason for the lack of interest in the news.
Like I said, I am incrementally adding here because I think there is more to the news than they can say in this regulatory required release.
GLA
The RSN says "Longer-term measures will be put in place to flow back sufficient hydraulic fracture stimulation water to allow Kyalla 117 to flow continually without assistance and enable an EPT to continue in the coming months during the dry season. A further update will be provided when production testing has concluded, and detailed evaluation has been undertaken, expected to be in Q2 2021."
Does this mean that they have stopped the flowback for now until the dry season? In generally will all the HFS water clear eventually? seems like there is still a lot coming up to surface compared to the Amungee well.
Like most of you, I'm very curious what could be going on at the wellsite. This article is just an extract, but I suspect that one of the three scenarios or some variation of the sort is whats going on.
Based on timing, likely the first N2 Lift failed meaning water is probably leaking in from somewhere. If its possible to identify then they can potentially block this off to actually kick-off production.
I think this is similar to what WET has suggested - and probably why there hasn't been much communication as of now. I think the engineers have options, to figure it out which could allow the well to come to life. Based on all the other information I would assume they are pushing for options vs writing the Kyalla off as it is the first well drilled in the area.
I also wouldn't be surprised if news comes out shortly that says something like " We tried x,y,z however they have yet to yield a result, and we will shut in the well while we do further review of well data" Then they will likely say something like, Now we are preparing to drill the other site for April after the wet season".
https://onepetro.org/IPTCONF/proceedings-abstract/11IPTC/All-11IPTC/IPTC-15375-MS/151496
Anyone have thoughts on timeline for the Nitrogen lift? 12/24 set up in progress then next few days set up completed. Once the lift is completed how long should it take to get results and when can we infer failure / not meeting expectations if no news? Thanks all!