Member Info for RichGreenwood

Given the size of this position, I think it a lot more likely for Origin and Falcon to split it up and sell off blocks, and have Origin buy out Falcon of one or more blocks to develop.

Does anyone have any data on where Santos is on the drilling or fracking of the Tamburini well? I have not seen any news release or other info on Santos website. thanks.

Darn - I am not a completion engineer, but I agree with you, especially with a wildcat well with this cost. I do not know whether you are a completion engineer or if there are any completions engineers on this board that deal with fracking shale wells, but it would be interesting to hear their thoughts. They will release the rig once the HZ leg is drilled, but the rig will be on standby while they decide whether to drill the HZ leg. They will pay a day rate while the rig sits there. So they will want to analyze the info but make a relatively quick decision. There are a myriad of issues considered when deciding whether to drill and frack a horizontal leg, including obvious issues like TOC, stress orientation, ductility, type and size of proppant, and the affect of various frack fluids on any clay that is present.

Did anyone find a link to this video that was referenced? Thanks.

"Given the huge importance to us of this investment I thought you might like to see a short video that details our Beetaloo exploration project."

ITGuy - I agree. When it comes to hiring CEOs, we would not want our board to be skimp. Like any other position, you pretty much get what you pay for. The FO board has made the right decision and hired a pro. POQ did a great job extracting value from Hess and then bringing in Origin. When it is time to monetize, every extra dollar per acre he gets for FO's 1.4 million net acres, is obviously an additional $1.4 million. If he does as good a job as he did on the Hess and Origin deals, he will more than pay for his comp, again.

New article at https://www.upstreamonline.com/hardcopy/1842308/partners-prepare-to-turn-the-bit-again-at-beetaloo

Does anyone have access to this site or to the new Cenko report?

Partners prepare to turn the bit again at Beetaloo
The two key operators in Australia's most talked-about onshore shale exploration play are progressing their plans to resume drilling, writes Russell Searancke. Origin Energy and its joint venture partner Falcon Oil & Gas have just received regulatory approval for the

I am curious also. It seems way too large to not break up. Origin may want to sell off parts as well and retain a chunk that they can continue to develop and operate. A sale in pieces will also hopefully yield a higher overall value.

I do not have a premium account with Cenkos and cannot open the document, but I received an email news alert that on Augst 27, Cenkos Securities published a new research note on Falcon Oil & Gas.

After a three-year hiatus, Falcon will once again commence drilling operations in September, with the Kyalla 117 N2 horizontal appraisal well the first in a two well programme to test the ability to flow liquids rich gas from the Kyalla and Velkerri shale plays. The well has received all of the necessary approvals for the planned drilling, stimulation and testing programme, with the well pad and access road construction nearing completion. Following the two well programme, Falcon and its partner...

https://*********************/companies/uk/oil-gas-e-ps/falcon-oil-gas/research/cenkos-securities/cenkos-falcon-oil-gas-ltd-back-to-drilling/39_2019082702060893991

WW - here is the link to the site for the call: https://edge.media-server.com/mmc/go/origin-2019-fyr/

you can find thi slink on Orign's webpage under investors and media: https://www.originenergy.com.au/about/investors-media.html

WW - I agree. It has only been 6 days since both Origin and Falcon provided updates, and the same updated info appears on Origin's website. Being a large public companies, I would think that Origin would make an announcement and change info on the website if it receives any information that would be material to investors, especially if it decides that it will not drill one or both wells this year.

https://www.australianmining.com.au/oil-gas/news-oil-gas/origin-delivers-surge-in-lng-revenue/
Origin Energy has enjoyed a surge in revenue from its Australia Pacific LNG (APLNG) project in the past financial year driven by higher commodity prices.

Its revenue from the operations increased 36 per cent in the 2019 financial year in response to higher effective oil prices, translating to cash flow of $943 million for the period.

This was higher than the guidance of $850 million and included a 16 per cent dip in quarterly revenue during March as oil prices dropped.

While production remained steady during the financial year, Origin will increase its focus on development in the Beetaloo Basin.

The company is continuing preparatory work for two horizontal appraisal wells planned over the 2019 calendar year.

Origin reported that development at the Kyalla formation continues with a water extraction licence in place and drilling approval anticipated in August.

Water bores are drilled and an access road is near completion alongside the well pad construction, the company reported.

The other formation, Velkerri, also had its water extraction licence in place, with water bore and access roads approved and are awaiting will pad civils and drilling approval.

I think that a 2,000 meter lateral could provide a pretty good indication. Depending on results in this play, they may decide that 2,000 meters is the most economic. Just as important is the cost of drilling and completing a 2,000 or 3,000 meter lateral compared to how productive it is (EOG calls this the "Profitability Ratio = Revenue / Well Cost",), including the number of stages and the proppant (e.g., sand) per stage. See EOG's recent presentation at http://investors.eogresources.com/Cache/1500119996.PDF?O=PDF&T=&Y=&D=&FID=1500119996&iid=4075407.

We have seen lateral lengths in U.S. shale plays trend form 1 mile to 2 mile (1600 to 3200 meters) over the last few years. I found an interesting paper that discusses lateral length, number of stages of fracks, and amount of proppant per stage. For lateral length productivity, see Figure 11 in Permian Basin Horizontal Well Productivity by Lateral Length Segment at https://eprinc.org/wp-content/uploads/2017/12/Final-Shale-Well-Productivity.pdf

Here is to a week of good news. Cheers!

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. :

https://www.proactiveinvestors.co.uk/companies/stocktube/11917/falcon-oil--gas-ltd-back-to-drilling-and--full-steam-ahead--as-rig-contract-signed-11917.html

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."