Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://investi.com.au/api/announcements/tbn/c8af9e3c-e4d.pdf
This may be old news to y'all, but I read that Sheffield also owns 31,818,182 shares of Empire (4.19%).
I think it is fairly common for governments to spend on R&D. The US government spends about 2.5% of GDP on R&D.
Newt - IMHO, she has duties a CFO should be responsible for, but that does not give her the experience to add anything of value to a board. Look at the difference between her background and people like the other new board member.
Wet - good points. The need to spend the money wisely to try to crack the nut. There is obviously a lot of resource in place, but that does not mean you can just start drilling long lateral commercial wells.
Not sure what the reason was, but she does not seem to have the credentials to add any value to the board.
Not to say that a wagon wheel design off a wellpad has not been drilled somewhere, but I have only seen wells off of pads orient in the same direction based on the geologic stress of the shale in the area, which is designed to create more fracturing from the frac. We are starting to see more 3 mile (about 5 km) long laterals in the U.S. shales, but 2 mile laterals seems to still be the norm in most basins.
THanks to all posters for the good info. As with shale plays in the U.S., I think it is going to take a fair number of wells to find the sweet spots and to dial in well orientatoin (to take advantage of stress) and frac designs (stages, proppant, fluids etc.). This is science and it always takes time and capital to figure it out.
First year declines on shale wells are usually at least 60%. Flow rates pick up after the frac water is recovered, but start declining quickly after that.
This is the most current info FOG has provided - https://falconoilandgas.com/company-presentations/#1541158622782-52acf8a2-2f7f
Thanks all for the info. I also like "• PLT test results suggest a normalised gas flow rate equivalent of between 5.2 - 5.8 MMscf/d per 1,000m of horizontal section significantly improving the prospectivity of the Velkerri dry gas play" on slide 12. It takes numerosu wells in any play to dial in the rihgt frac design. This is an impressive estimated flow rate (15,000 MMcfd+ per 3,000m) at this stage. I would expect that we will end up with flow rates similar to what we have seen in the Marcellus and Utica, which is what we need to bring more cpaital into this play.
NT, not NY
NY - agree with your analyses. The other real pricey facility for the rich gas will be a gas processing plant to remove the NGL so the gas will meet residue pipeline specs. A 200 MMcfd plant int he U.S. would cost between USD $75 MM to $125 deppending on the type of plant (e.g., refrigeration or cryo) and what type of NGL recoveries are desired. Of course, the NGL will be sold, which will obviusouly help on the revenue side of the equation.
I am new to this board. can anyone share any linkes to research reports on 88? thanks!
Apologize if this has been posted before. From the Nove 22, 2021 Research Report frmo Hannam & Partners on Tamboran's website:
An independent reserve report has confirmed that the first vertical well on EP 161 has proved up 117bcf of recoverable gas (2C resource) with an upside case (3C) of 265bcf (~45mmboe). The first vertical well that was drilled and tested implies that, when converted to a reasonably sized lateral well, there could be 15-20mmcf/d potential per well. Also, a recent well test on the nearby Amungee-NW1H well by Origin/Falcon suggested a flow rate of 5.5mmcf/d per 1,000m of lateral. Our scoping economics suggest that a flow rate of around half this amount would still be economic. In our base case we assume 4.5mmcf/d per 1,000m and 12.5bcf recovery per well (EUR), which gives an NPV10 of ~A$0.4/mcf. Also the Amungee NW-1 well only had half the thickness of MVelkerri ‘B’ compared to Tanumbirini 1.
It is very possible they sold it over a period of time and that none of the buyers purchased a reportable quantity of shares. I also received notice of this filing a couple of days ago:
657. 9013-1.1 Notice Filed by Lance Henry on behalf of Allen Vellone Wolf Helfrich & Factor (related document(s):[656] Application for Compensation). 9013 Objections due by 11/24/2021 for [656]. (filed: 11/03/2021)
I believe all they did was take estimated market cap and divided it by prospective resource. The prospective resource numbers came from a high in place resource number (I do not recall the source off the top of my head, but can look it up if anyone is interested) and applied a 15% to 20% recovery factor for each company's position.
Just ran across this update. Do any of the geo folks on here know the basis for which Tamboran claims that its position is the "core Beetaloo"? Thanks.
https://www.proactiveinvestors.com.au/companies/news/957261/tamboran-resources-hits-the-ground-running-with-busy-second-half-planned-following-asx-debut-957261.html
This is certainly dated, but provides some info:
21 October 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (“Falcon”) has been informed that the Bankruptcy Estate of Petrohunter Energy Corporation is the beneficial owner of 48,101,000 common shares of Falcon (“Shares”), representing 4.90% of Falcon’s issued and outstanding Shares. Sweetpea Petroleum Pty Ltd. is no longer a beneficial owner of Falcon Shares.
Individual or Entity Most Recent Transaction Date Shares Owned as of Transaction Date
BURLINGAME ASSET MANAGEMENT, L.L.C.
Decrease
Feb 12, 2018
48,772,302
CRAVEN (JOHN EDWARD)
Bought
Mar 28, 2013
2,857,143
ESTATE OF PETROHUNTER ENERGY CORPORATION
Holding
Oct 21, 2020
48,101,000
MATHYS (NICOLAS)
Holding
Oct 03, 2017
50,551,600
O QUIGLEY (PHILIP DECLAN)
Exercise of Option
Feb 20, 2017
7,513,696
SOLITER HOLDINGS CORPORATION
Annual Return
Oct 16, 2015
112,810,134
WEDGWOOD MANAGEMENT LTD.
Annual Return
Oct 16, 2015
38,000,000
*Insider roster data is derived solely from the last 24 months of Form 3 & Form 4 SEC filings.
I believe may be a need for oil and gas reserve replacement for years to come up. Here are links to two recent articles that discuss a lot of the issues with the energy transition.
https://financialpost.com/commodities/energy/oil-gas/peak-demand-more-like-a-supply-crisis-propelling-oil-to-us100
https://www.wsj.com/articles/bidens-not-so-clean-energy-transition-11620752282
Looks like this rig is moving out of the basin.
Buru Energy secures rig contract for major Canning Basin drilling campaign
Proactive Investors Australia
“On track to start fieldwork”. The Ensign 963 rig is currently in the Beetaloo Basin where it has most recently been drilling deep and complex wells for ...