The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
According to a June 3 online article in the Katherine Times, there were over 6,000 submissions filed by interested persons opposing the Origin EMP. It appears that most were submitted by the anti-fracking activists . In an attempt to be objective about what is transpiring, it is very possible that the NY government is trying to give due consideration to all complaints in order that they can withstand any judicial review of this process. This may be the best thing for all of us FOG shareholders.
can someone provide a copy of or link to the UBS report? thanks
Is anyone on this board attending the Origin meeting tonight at Tennant? If so, please post anything you hear of interest.
Does anyone know if the PH shares are registered? I am guessing (not sure) that they are not. If not, I would think (a) without a registration statement being filed by FOV, they would need to be sold in a private placement (in which case we will not know until the buyer filed a schedule 13 d or 13g or, if it is sold in smaller pieces, we will not know because it will be under the schedule 13 limits) and (b) It is possible PH had registration rights, in which case we should see a registration statement filed.
If I recall correctly, Origin did not do a very big frack. I think they had to stop after 11 stages. If they use a modern frack design, I suspect it will be 2 or 3 times as many stages and a lot more proppant.
bigones - not sure where you got 1000 feet hz leg. section 3.2 of the EMP states that the hz leg will be up to 3000 m:
The final hole section (referred as the ‘production hole section’) covers the target hydrocarbon reservoir section
and is drilled to the well Total Depth (TD). TD is likely to be reached at approximately 2000-3000m below the
surface, depending on the stratigraphic depth and thickness of the zone of interest and may extend up to 3000m
laterally within the reservoir. This hole section is again cased and cemented in place.
The design of the various casing strings is illustrated in Figure 5. It should be noted that the production casing in
this diagram is vertical, whereas the actual production casing orientation is horizontal. :
Good article from 2013 on lessons from development of shale in the US.
https://www.ourenergypolicy.org/wp-content/uploads/2013/05/Wang-and-Krupnick-Origins-of-the-Boom.pdf
" A number of countries, including China,1 Mexico,2 Argentina,3 Poland,4 India,5 and Australia 6 are considering or are in the process of developing their own shale gas resources.7 Naturally, scholars, policymakers, and many other stakeholders who are interested in the development of shale gas outside of the United States are asking about the important factors for successfully developing shale gas resources. One way to shed light on this issue is to learn from the US experience."
I noticed that the London exchange had this bid for 10MM shares reported at the close of the market. Not certain of how accurate the reporting is or what the 0 ask means.
Bid 16.60 x 10000000
Ask 0.00 x 2500000
Given the level of activity and the data from the wells so far (including Origin's discovery well), the stock seems pretty cheap based on a dollar per acre metric. FOG has an enterprise value (about $6 million cash on hand, no debt) of USD $235 MM with 1.4 MM acres in the Beetaloo, which is USD $168 per acre. It is contiguous, which is a big plus for development, but it is a non-op interest. In other resource plays, especially shale plays in the U.S., many times the price of oil and gas leases exceed $5,000 to $20,000 per acre when when a resource starts being proven.