Member Info for schlemiel

The beauty of GGP is that from 2 to 40p and all the way back down to 7p, there's a large, innate and enthusiastic demand for the stock. The path to value realisation is clear and funded so it's a matter of time and patience.

https://seekingalpha.com/instablog/41325066-laurentian-research/5782155-what-talked-today-falcon-oil-and-gas-tamboran-resources-and-bryan-sheffield-in-beetaloo-shale#comments

tiny excerpt from a large, well researched article -

'Falcon

Falcon - first mover in the Beetaloo play - holds a 22.5% interest in 4.6 million gross acres in permits EP76, EP98, and EP117 in core Beetaloo play (Fig. 1).

Under the terms of the joint operating agreement, Falcon has a right of first refusal to notify Origin, with 30 days of any proposed change of control, its intention to acquire the 77.5% stake held by Origin. Falcon has not decided on if it will use its ROFR although I do not believe it will.

Falcon is being carried up to A$263.8 million on gross costs for stage 2 and stage 3. Thanks to the carry, Falcon will subject shareholders to less equity dilution than Tamboran.

I believe Tamboran (the operator), Falcon (non-operating partner), Origin (royalty holder through Tamboran) and Sheffield (equity investor in both Tamboran and Falcon and royalty holder via Falcon) can have a constructive relationship. Multi-party joint ventures are a common practice in the oil industry since its infancy.'

consider some form of merger?

Oleo

Thanks for that

Hannam really is going for it here with its assertion that TBN could become 'one of the world's largest independent gas producers'...that's some statement

Note that this is from Canberra not the NTG, Darwin so the government is supporting Beetaloo no matter how much sshhitte LTG and their associated halfwits pump out

The Beetaloo is still in the exploration and appraisal phase. It has so far proved promising. However, larger-scale investments require more certainty of the resource.

Gas operators expect to have an informed view of the value of the Beetaloo’s resources around 2023.

Companies will consider a complex array of factors when finalising investment decisions.

The government is acting to:

bring forward investment decisions
increase economic benefits
coordinate lowest-cost outcomes

Realising the plan’s ambitions will see commercial investment decisions about large-scale development of the Beetaloo made in 2025.

The Beetaloo Strategic Plan establishes a flexible strategy that will accelerate characterisation of the resource. It ensures that the government can respond to the Beetaloo’s evolving commercial conditions.

We remain committed over the short, medium and long term to seizing the opportunities presented by the plan.

We will coordinate the implementation of this strategy with other government initiatives including:

our JobMaker plan
our Gas-fired Recovery Strategy
a Commonwealth-Northern Territory Bilateral Energy and Emissions Reduction Agreement
the NT Gas Strategy
the Northern Australia Development Agenda
our Modern Manufacturing Strategy

This work supports our vision to unlock vast amounts of gas to power our long-term energy needs. It will support new manufacturing jobs, and drive the nation’s COVID-19 economic recovery.

https://www.industry.gov.au/publications/beetaloo-strategic-basin-plan/next-steps

Droverman

Install Adobe Acrobat Reader into your browser which has a function that allows you to word search throughout the entire document. So you can find all references to for example 'Havieron' etc

https://pesa.com.au/events/pesa-qld-lunch-presentation-20th-october-dr-david-close/

This month PESA Queensland welcomes Dr David Close to present a technical luncheon entitled “Past (about 1.4 billion years) and future of the Beetaloo”.

Presentation: Past (about 1.4 billion years) and future of the Beetaloo
Venue: Hilton Hotel Brisbane, 190 Elizabeth Street, Brisbane QLD 4000
Date & Time: Thursday, 20th October 12:15 PM



Presentation Abstract:

Past (about 1.4 billion years) and future of the Beetaloo

Geographically extensive and thick sedimentary basins remain relatively poorly described in parts of the Northern Territory due to relatively limited historical exploration drilling. The greater McArthur Basin is one example of an underexplored basin that has been subject to a substantial ramp-up in exploration activity since around 2010. The primary targets of exploration drilling since 2010 have been organic-rich shales of the Amungee Member of the Velkerri Formation, within the Roper Group of the Beetaloo Sub-basin.

Although there is broad agreement regarding the gross depositional environments (encompassing deltaic to marine) of formations within the Roper Group, these models are not necessarily indicative of the prevailing conditions during deposition of the organic-rich shales of the Amungee Member. The Proterozoic Earth was very different to the modern Earth, and this is likely to have had a substantial impact on deposition.

The Beetaloo, however, isn’t just geologically interesting; it also a frontier basin with proven prospectivity and multi-TCF potential. The scale of the Beetaloo is immense and is of potential significance to the Northern Territory and Australia for economic and energy security reasons, and to the operators active in the Beetaloo for the potential for value creation.

-

I cannot understand why Bernstein doesn't push for the removal of Maris considering CA is an activist investor and Maris is a liability in charge of HUR. There must be a reason

At Telfer, 408koz of gold was produced this past year and the West Dome
Stage 5 cutback works are well underway following Board approval in
August 2021. This project will help ensure operations can continue at the
site. Nearby at the Havieron project, key contracts have been awarded
for the Feasibility Study, which is expected to be completed during the
December 2022 quarter.3 High-grade extensions to the mineralisation
at Havieron’s Eastern Breccia, South East Crescent Zone and Northern
Breccia have also been identified, with seven drill rigs in operation as part
of the site’s extensive drilling program.

senseman - Of course. Cheers fella

'If one has to deliver a left-field bombshell'. What does that mean?

From an operational perspective we've never been in a better position. We've got rid of a bunch of ESG, green prciks in Origin and replaced them with proper players who are entirely focused on drilling and developing a huge asset without the feckin' diversionary crap that we've had from Origin

Bernstein's gonna need a takeover of HUR to realise the cash he needs when CA is wound up by end 2023. I reckon a takeover is inevitable considering the value on offer and Bernstein will push for that. CA's 30% carries considerable weight now the bondholders are out of the way

'Also in 3 weeks 1mm b/d SPR drain ends, effectively a 2-2.5mmb/d supply cut'

and when the dollar slowly loses its grip in the coming months as it will the POO will gain added strength from that

https://twitter.com/zerohedge/status/1576650053657182208?cxt=HHwWgICy9dm3seErAAAA

OPEC+ To Cut Oil Output By As Much As 1.5 Million B/D On Wendesday To Reverse Price Drop

https://twitter.com/zerohedge/status/1576648773656346625?cxt=HHwWgoC8lZntsOErAAAA

F U BIDEN

'From what I hear, the OPEC+ oil production cut may — emphasis in may as talks ongoing — be ***larger than 1m b/d***, at least on paper (quotas). It’s unclear if that would be just one single cut, part of a multi-step reduction over months, or include unilateral cuts '

https://twitter.com/JavierBlas/status/1576474359438315520?cxt=HHwWgMCo_fnE4eArAAAA

JOG's another decent company with a quality NS asset attracting attention

https://www.moneymorning.com.au/20221001/watch-closing-bell-origin-hands-tamboran-a-gift-2.html

https://www.aseg.org.au/sites/default/files/MAG22_Technical_Program.pdf

Modern Applications of Geophysics: Mineral Case Studies

Wednesday Nov 9, 2022 @ Fraser’s Kings Park, Perth, WA

16:20 - 16:50 Havieron Gold-Copper Deposit: Discovery and Geophysical Characteristics. Eric Battig Newcrest