Member Info for schlemiel

II's still down...

Do we now expect the new CEO of Newcrest to issue a plan detailing this acceleration of Havieron and if so can we expect swifter issuances of updated reserves etc? That should help the price along somewhat. The closer to monetisation that quicker GGP benefits

until material news

could it open above 100p?

Samsung may have made provision in their accounts. check

8.60p bid

a break above 10.1-10.4p to complete the (con)descending wedge

to sell 250k..there's a buyer lurking

or mere coincidence?

Further Alignment with Shareholders – We note the recent acquisition of 1,470,000 shares by certain Falcon Directors. In aggregate, Falcon’s Director’s now hold c6.5m Falcon shares.

? Beetaloo Assets Not Subject to Price Cap – The Australian Government has announced measures to limit the impact of high gas prices on Australian customers, including a temporary price cap of A$12/GJ for new domestic wholesale gas contracts by east coast producers for 12 months for gas sourced from current operational fields. Gas from undeveloped fields, such as Falcon’s Beetaloo assets are not subject to the price cap.

END

Cenkos.com

Forward Work Programme – The Amungee-2H well is the first of two horizontal wells to be drilled during the current, Stage 3 drilling campaign, with the location of the second horizontal well, also targeting the Amungee Member B Shale currently being evaluated.

The primary objective of the two wells is to obtain a production rate over the first 30 days of 3.0MMscf/d per 1,000m lateral to support a multi-well pilot development programme in 2023/2024.

? Building on a Key 2021 Result – In September 2021, Falcon announced a fivefold increase in the normalised gas flow rate from the Amungee Member B Shale at the Amungee NW-1H well, providing a firm line of sight to achieving initial production rates in the range of 3.0MMscf/d per 1,000m lateral. Production log data from the Amungee NW-1H well confirmed that 85-95% of production had come from just a 200m horizontal section, equating to a normalised flow rate of 5.2-5.8MMScf/d over a 1,000m horizontal section. These test results significantly exceed the expected commercial threshold of 3.0MMscf/d over a 1,000m section and puts the Beetaloo on a par with other shale gas basins in North America.

? Balance Sheet Strength – Between the remaining carry that Falcon has under the farm-in agreement with Origin, first negotiated in 2014, and the Company’s cash resources of US$16.9m as of 30 September 2022, we estimate Falcon has sufficient cash to see it funded well beyond the current work programme, and into the 2023 work programme. Beyond the 2023 work programme, and as part of the recently announced amendment to the Joint Operating Agreement and Farm-In Agreement with Tamboran (B1) Pty, Falcon negotiated an additional carry on future well costs of up to A$30m (A$6.75m net to Falcon) split roughly 50/50 between the first well to be drilled post-completion of the Stage 3 work programme in 2023 and a well drilled at any time no earlier than June 2024.

In what could be “the pivotal” well for the Beetaloo, the Amungee 2H (A2H) well has been successfully drilled, cased and cemented to a total measured depth of 3,883m, including a 1,275m horizontal section placed in the most prospective zone within the Amungee Member B Shale. Preliminary drilling data has confirmed that the well has encountered elevated gas shows with high concentrations of methane observed. Up to 24 stimulation stages are planned (double the concentration of any previous Falcon well) when operations resume in Q1/23, with production flow rates anticipated before the end of the quarter. We estimate that a normalised IP30 flow rate of around 3.0MMscf/d per 1,000m would support the potential for a multi-well pilot development programme in 2023/2024.

-- A Pivotal Well for the Beetaloo – Falcon has announced the completion of drilling operations at the A2H well – arguably the most pivotal well to be drilled in the Beetaloo to date. The well was drilled in 38 days at a total cost (excluding casing and cementing) of US$14.1m, slightly ahead of pre-drill design days and budget. The well has been drilled to a total measured depth of 3,883m, including a 1,275m horizontal section, which was placed in the most prospective zone in the Amungee Member B Shale. At 1,275m, the horizontal section is in excess of the pre-drill planned 1,000m lateral and c6x the c200m effective stimulation section from the Amungee-1H well. In-line with expectations, the well encountered elevated gas shows with high concentrations of methane observed.

-- Fracture Stimulation Planned for Q1/23 – Up to 24 stimulation stages are planned within the Amungee Member B Shale when operations recommence in Q1/23 (subject to weather conditions) – more than double the amount of stages that were placed in the Amungee-1H well. The well has also been cased with 5 ½ inch casing, the optimal casing size to place a high intensity stimulation and on par with modern US unconventional designs. The larger casing diameter is expected to deliver sand and fluid at an increased rate to the perforations during stimulation, which should deliver higher production rates and estimated ultimate recovery (EUR) when compared to smaller casing diameters.

Philip Wolfe, Chairman of Hurricane commented:

"Given the excellent traction we are seeing in the FSP, which the Company commenced to explore all options for shareholders and to fulfil Crystal Amber's goals, the decision to issue the Requisition Notice at this point is simply mystifying. We note that Crystal Amber is open to bids resulting from the FSP. We encourage the participants in the FSP to submit bids in accordance with the process and look forward to updating shareholders in due course."

https://uk.advfn.com/stock-market/london/hurricane-energy-HUR/share-news/Hurricane-Energy-PLC-Requisition-of-General-Meetin/89847547

Exhaust Lancaster and use HUR as a vehicle for acquisitions. I bet that's the plan

Buckingham's a big hitter so for him to allow his name to be put forward does suggest there is a distinct possibility this plan could materialise

+

merry xmas

https://www.investegate.co.uk/crystal-amber-fund--crs-/rns/crystal-amber-requisitions-hurricane-gm/202212230700036913K/

nm

A classic descending wedge developing here..bullish

It's knowing WHY some shareholders sell which is more important.