Member Info for rsacas

Any real alternatives?.

No. Not always, just sometimes. And being a LTH, I feel the end of our journey is quite close. The geology favours us and any time an offer related to the resources will arrive. And probably preceded by a SP rise based on rumours or leaks.

Apaprently according to your summary of Falcons history you have chosen one of the worst moments to leave.

Or you want to drive the SP down intentionally.

Good luck.

I think we need proper promotion. Bruner was very good at that, maybe too good. I guess most of the shareholders arrived during his CEO stage, like in my case.

Now we need something similar, but most consistent, without lies or imagination. Now we have facts to prove our value.

Apparently the options based on reactions to flow results were if SP strongly rises then small dilution, if SP in the same levels or lower then reduce participation in next wells. Thus I would say this has been a smart follow the logic chart.

Sure a SP strong rise and minor dilution would have been better, but unfortunatelly is not what has happened.

This is something I cant understand. Amazing flare and flow for many days and SP going down. Maybe is because our bird has not been correctly promoted. Hidden interests?.

We clearly need volume to go to next stage.

Dont worry about that. Now we have tailwind and the proven flow favours us.

It's only a question of time. More and more people will know about Falcon. I guess we will see a steady increase, until new resoults are released and then we just fly.

BTW, I am one of those who bought at 4$ just the first few shares, and now I see the light at the end of the tunnel, apparently not a train approaching.

Many thanks. Amazing report for those of us who are LTH, specially this part:

Risk-Reward Analysis

In June 2002, Range Resources (RRC) drilled the Renz-1 well in Pennsylvania. Two years later, the Marcellus shale in that well was fracked, using a method that had first been tried in the Barnett shale in Texas, thus leading to the opening of the enormous Marcellus play, which ended up as the main growth engine of the U.S. shale gas revolution.

From the dawn of the U.S. shale gas revolution to the late-2014 cycle peak, operators with large land positions in Marcellus saw their share prices skyrocketed. Range achieved a 27-bagger, while fellow Marcellus developers Cabot Oil & Gas Corp - now known as Coterra Energy (CTRA) - pulled off a 24-bagger, CNX Resources (CNX) a 17-bagger by 2008 or a 7-bagger by 2014, and EQT Corp. (EQT) a 6-bagger. Participation in the opening and development of the Marcellus shale gas play rewarded shareholders extremely well (Fig. 7).

Historical natural gas production from the Marcellus shale play in the U.S., and the stock performance of producers with significant participation in the Marcellus play.

Today's Beetaloo is similar in terms of play maturity to where Marcellus was back in 2004. The Beetaloo shale gas play had just been opened, with a productive shale gas system with stacked pay potential being confirmed to be in place. On the other hand, appraisal of the shale play is still ongoing, and locally-optimal well drilling and completion techniques are yet to be found, which represents some additional risk.

Australian government seems to be doing all the right things to create a pro-business environment for operators in the Beetaloo Basin. Federal financial assistance to exploration drilling succeeded in attracting private capital. However, until the completion of infrastructure upgrade, E&P activities remain to be costly.

That the legal dispute Santos had with a large landowner in NT was quickly resolved indicates land access is well regulated in NT and not an unsurmountable obstacle as in some countries.

Australia has a strong oilfield service industry to support E&P activities in the basin. Furthermore, the know-how with regard to shale gas development the oil industry has gleaned in the U.S. over the past 20 years may be parlayed to Beetaloo.

Therefore, I would venture to say the operating environment at Beetaloo is similar to, if not more advanced than, what had been prevailing on the eve of the opening of the Marcellus play. I thus believe it is an ideal time to make an entry into the Beetaloo play.

The flare seems to have an internal and brighter area with aprox 55m of diameter, and and an external of 80m diameter +/-. Apparently the area is related to pressure whereas colour is related to composition.

Does this paragraph mean that based on their findings thy consider plausible 40MMcf/d?. Apparently 5MMCF/d is considered a great achievement. Maybe Im missing something.:

Proof of commercial flow rates as measured over the IP30 day period and which Falcon estimates to be 1.5 million cubic feet per day (MMcf/d) over the 500 metre horizontal section (3.0 MMcf/d normalised over 1,000 metres) or greater will allow us to progress the sanctioning of the proposed 40 MMcf/d pilot project at Shenandoah South during the first half of 2024.

There is a very significant difference between " there is no gas there after the process has been completed right" and "there is no flow because of technical problems", Whereas the former means game over, the latter means more time, money and knowledge.

We have to wait for Tamboran PS to understand what is ahead of us or maybe Phillip will clarify the situation in the meeting.

Hi Bornto, would you please elaborate a little bit further your idea about the way FOG and TBN will exit Beetaloo.

In my view, after a bump on good results we will probalby see some speculation about our exit, but apparently Camberra cannot remove one company and put another directly, it should be according to market laws, meaning a big one or several should put big money in the game. That should make SP rise very significantly, not decrease.
Maybe Phillip stament about going to the explotation stage is just the anticipation of a hard negotiation rather than a real will, like if you want us out we are not interested in leaving, so prepare a seriour ammount of $.

I am one of those who bought at 4$ an eternity ago, a few shares then. Now I am in the millions range. I would be satisfied with something over 1$, but my expectations are in the 10$ range, like in the other forum is usually written.

I am a LTH. In my view, to return to that levels we should put Mako again in the bag, which is very unlikely.