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Wet I think what JH was saying is on Origins site they say first results end of the year, while falcons press release said some news in a few weeks from October 2. I don’t think it’s really a conflict as much as how they phrase the type of info they may come out and when. Origin is not as trigger happy as Bruner was on his news releases for good or for bad. Can’t wait for some type of indication. Thanks all for the many good post!
Just can’t wait until we can talk valuations again. Though the past years dilution and delays have sucked falcon could easily be worth 1b with some decent results. Maybe shy of my previous valuation of 5b but with some lower buying still will be a good year I hope!
Didn’t see this discussed but nice to see some executives put up cash for the empire Beetaloo raise.
“Directors of Empire have thrown their support behind the raise, purchasing over six million shares to raise an additional $1.86 million”
Nice, on https://www.sportsbet.com.au/betting/politics/nt-politics/nt-election-next-sworn-in-government-5079326
There is even a bet for banning fracking at 101:1 I think so this should be a non-event...
Well price is probably moving because they are halting operations until the second half of 2020. Came through via an email today.
Following the implementation of the necessary control procedures, the JV has now elected to temporarily pause activities at the Kyalla Well site, reducing those on site to essential personnel only, whilst ensuring the required regulatory and environmental management conditions to monitor and maintain the site can be met. The JV plans to resume activities in the latter half of 2020 and during this interim period the JV will use Northern Territory based employees and contractors to undertake civil and other works in preparation for the resumption of activities.
Newtofo that post actually helped clarify something for me. Is the Water bore to be drilled specific to monitor water quality during the fracking? Different than the 6 month water study needed before the drilling?
I know this was mentioned before, but any idea what how this water bore monitoring will effect the timeline? It’s not another 6months before they can HFS right?!?
Thanks All.
...Preparatory work, including the drilling of water impact monitoring bores - a new requirement of the Code of Practice for onshore petroleum activities in the NT - will commence in the coming month ahead of the next stage of operations..