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Tamboran's megafracker was stopped by protestors at Darwin Port this morning with one protestor locking onto the rig for 7 hours, the latest in a wave of anti fracking demonstrations across the NT. We are only going to see protests proliferating until we get a ban on fracking.
https://twitter.com/FrackFreeNT/status/1662026419466301440?s=20
Https://finance.yahoo.com/news/falcon-oil-gas-ltd-notice-060000185.html
Https://finance.yahoo.com/news/falcon-oil-gas-ltd-filing-060000175.html
Found this on site Empire. Analyst report. Talking about cost around $ 20 million.
https://empireenergygroup.net/wp-content/uploads/EEG-Empire-Energy-Group-RaaS-Update-Report-1-2023-05-04.pdf
Ongoing FEED studies to tie down planning, design and costs; and securing bankable gas sales agreement heading to a first-mover project anticipated to be sanctioned (FID) by end-2023.
As previously reported, analyses completed by Subsurface Dynamics Inc. on the flow data indicates EURs (gas recovery per well) of between 6.2Bcf (~7PJ) on a P50 case up to 8.1Bcf (~9PJ) on a P10 case for a well with a 3,000m lateral and 60 frack stages (every 50m).
Bearing in mind that frack optimisation is still a work in progress, we suggest this data may represent the lower end of a base-case range.
The working model estimates capex in the order of ~$20mn for a 3,000m hz and 60 frack stage well, in a pilot case potentially reducing to ~$15mn in a development case which translates to unit drilling and completion costs of ~$2-3/gj on a project basis.
As per all assumptions to date we believe EUR and capex could be considered as perhaps the higher end of a base-case range given the design is still to be finalised.
“over $10 million in gross revenue (before royalties) over an equivalent first 127 days of commercial”
I was looking for the drilling costs. I could only find the cost of c3h. Anyone idea of the cost of c2h?
https://www.energynewsbulletin.net/exploration/news/1444734/empire-starts-fraccing-at-carpentaria-3-well
“Total cost for drilling the well is $10 million, below the previously budgeted $12.3 million.”
Https://www.consilium.europa.eu/media/64497/g7-2023-hiroshima-leaders-communiqué.pdf
Https://twitter.com/SStapczynski/status/1659842854272004096?s=20
G7 nations say public investment in gas can be an appropriate measure to cut dependence on Russian
🌎 💰
🚢 Investment in LNG can also be appropriate to avoid shortages
🇺🇸 The US is the world’s top LNG exporter. And Europe is rushing to buy more LNG
“South Africa’s power shortages are the result of years of neglect, corruption, and poor policies. Trying to reduce the role of coal under European pressure to meet climate goals is making the situation worse.
Going for shale gas is probably the shortest fix, and this confirms the idea that natural gas is not a bridge to the future. It is the future.
According to a report published by the US Energy Information Administration (EIA) in 2013, South Africa ranks 8th in the world in technically recoverable shale gas reserves. With 390 trillion cubic feet, its reserves are more than half of those of the US, and more than the reserves of Russia or Brazil (this is only for shale gas). So, the resources are there, and a full development would enable South Africa to produce and export LNG.”
https://twitter.com/anasalhajji/status/1659416654575546368?s=20
Falcon Oil & Gas and Bundu Gas and Oil Exploration, a majority-owned unit of Australia’s Challenger Exploration, retained rights to apply for exploration licenses, Sayidini said.
“We believe this is the place to be with the best potential to make it commercially viable,” Philip O’Quigley, Falcon’s CEO told Reuters of the southern part of the basin, where the company is seeking a license.
Https://amp.abc.net.au/article/102368224
Climate Change Minister says jurisdictions outside NT will help offset Beetaloo gas fracking emissions
“Middle Arm precinct is seen as a key enabler for Beetaloo gas to be transported north, further benefitting the Northern Territory’s economy,” the briefing states.
https://amp.theguardian.com/environment/2023/may/18/darwins-sustainable-middle-arm-development-is-key-to-huge-fossil-fuel-projects-documents-show
Chevron and Exxon Mobil, the two largest U.S. fossil fuel companies, are seeking Australia's backing for carbon capture and storage (CCS) and hydrogen projects as they look to increase investment in a bid to slash intensity of carbon emissions. #OOTT $XOM $CVX
https://twitter.com/OTR444/status/1658849071790997506?s=20
A senior federal government minister has rejected a Territory Labor MP’s call to pump the brakes on fracking. Read her response to the Member for Lingiari’s controversial comments.
https://www.ntnews.com.au/business/nt-business/feds-urge-nt-to-delay-issuing-beetaloo-production-permits/news-story/ce5636540708f514e56244e0c63af3d7?amp
Https://www.nasdaq.com/articles/australia-gas-producers-eye-role-in-carbon-capture-hydrogen-development
Australia needs to create the right environment to attract regional partners to develop carbon capture utilization and storage (CCUS) and to produce green hydrogen, the head of the country's gas industry lobby group said on Monday.
Tamboran. Increased position Morgan Stanley and Mitsubishi.
https://hotcopper.com.au/threads/ann-change-in-substantial-holding-from-mufg.7384129/
https://hotcopper.com.au/threads/ann-change-in-substantial-holding-from-ms.7382188/