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Fleurs........your comment "a lowball Origin bid" could have some merit ....Let's hypothetically consider a what if?? And, look Back to Coma's rumor a couple of weeks back that Falcon would sale by April.....and the buyer is in fact Origin and it's a cash/stock or all stock transaction. If the Falcon shares are cheap then it would be beneficial to Origin as they would have to utilize and/or issue fewer shares of Origin stock if Falcon's base valuation is cheaper per share on the planned transaction date......i.e. perhaps some insider political pandering to make the transaction look better to us retail holders....crazy thought perhaps but makes some sense too!! Purely a speculative tin-hat view........
No Body is interested.....even with all the positives rolling out......because this may now be the worse small cap entity on the planet when it comes to marketing what they hold, what we hold. For the price to be enhanced information must be put out to therefore create demand for said commodity. With the politics now less of an issue i.e. greenies pushed aside, the Aussie gov openly supporting the growth of the NT and other gas resources, and what we already know as contingent this stock has every reason to be on the radar of investors.......not to mention what is likely to soon be an add to in contingent resources. Moreover, the Aussie plans to extensively grow the NT economy de-risks to some degree the infrastructure cost concern. Come on POQ .......let's get to selling this baby on a more specific level........create some interest and therefore demand.
Beetaloo
• Acquired additional 7.5% share in the joint venture from Falcon
Oil & Gas in exchange for increasing Falcon’s carry by $25
million over the coming years.......
Hmmm...."over the coming years" One has to ask the question........Is Falcon now planning to hang around, has the monetization plan and timeline now changed not because of Covid delays but to now not sale or are they just projecting the timeline is now years instead of a year or so....or is this now plural grammar maybe two years.............something to ponder?? I guess we likely won't now know until 2022 or 23.......heck, what's another couple of years :-)
Ya Prob....Perth
https://connect.slb.com/Locations/Schlumberger-Perth-Australia-6164.aspx
or
https://connect.slb.com/Locations/Cameron-Subsea-Kewdale-Australia-6105.aspx
"Hopefully Origin/Falcon will soon update their shareholders ...."
True that VegasGal..............time for some information on the Falcon/Origin plan moving forward..........Information is the right thing to do...........at least Empire is working to keep their shareholders INFORMED
Bottom Line..........It would be very, very nice if we could get some info from the mouth of this company's leadership as to plans moving forward regardless of the political issues in country. While Origin is the operator and all that good language and politically correct spin, as shareholders we deserve information, clear information, on details of next steps and a timeline for implementation. Yes, this is a long-term ride but that ride should include informative information on the plans moving forward to include company adjustments for the Covid-19 delays and strategy to work through Australian politics and the applicable economics to restart of exploration activities in one of the most rural areas on the planet..........
https://www.reserveourgas.com.au/how_would_a_gas_reservation_policy_work
Add some info to what can be a positive for the NT if managed well
Be Nice if FOG and Origin would post this type of movement on research actions..........Empire also just posted a nice resource analysis
Empire has submitted a COVID-19 Management Plan to the Northern Territory Government for
approval by the Chief Medical Officer. Once approved, the Plan would give Empire and its
employees and contractors exemptions to border restrictions to allow Empire employees and
contractors to resume activities in the field.
the important concepts. PV10 will be the basis for current future valuation. it is the industry standard.
PV10
According to Investopedia,
PV10 is the present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual discount rate of 10%. This nomenclature is most commonly used in the energy industry, and is used to estimate the present value of a company’s proved oil and gas reserves.
Proved Reserves is a measurement of how much hydrocarbons can be recovered from the companies’ acreage with a reasonable amount of certainty. Typically this calculation is done on a per-well location basis and then added together.
So PV10 is a way to value the hydrocarbons that you control that are still in the field, based on the amount of reserves in place less the costs and expenses to develop those reserves (other company overhead is not figured into the PV10).
A strong PV10 is an indication that the company has assets that are (reasonably) accessible over the near term, which will generate future cash flow, and which will keep both the investors and the company in good stead.
The discount is in place to account for the fact that a dollar tomorrow will be worth less than a dollar today.
Let’s take a look at a few examples of PV10 out in the wild.
https://coronavirus.nt.gov.au/community-advice/remote-work-and-travel/approved-remote-essential-workers#section1
Some interesting information on who and where essential designation can go and work...............
Dprussky: IMO.....That may be an accurate view of the "new deal" (stay the "long-haul" to production); and, unfortunately, that is contrary to what we have been told as Falconers. If that is now the intent...to hold to commercial/production and perhaps become a component of the production side of E&P .... it would be nice for the leadership to share that with the multiple stakeholders. If that is the case, as stock holders, we will likely be sitting for more years than one or two to experience a real return. The money is in the ground; and, yes, when proven the value of both Falcon and Origin will rise but the most immediate and timely value to Falconers would be a realistic market valuation and sale as soon as practical. If the plan is to now be a production company Falconers will likely have to sit longer to experience the greatest and true value and return on our holdings...........
What the heck.........been in since 2008...........might as well wait it out (RIGHT!!)..............frustrating as it may be ......maybe not...........Would be extremely valuable to us Falconers to accurately informed of the plan............just saying
https://coronavirus.nt.gov.au/community-advice/border-controls
https://www.cdc.gov/coronavirus/2019-ncov/testing-in-us.html
what's really occurred regarding testing since this was delivered from China......to rest of the world since December. This too shall pass.........holding I am. The mis-information world wide is astonishing. We will still need oil, we will still need gas regardless of the tree hugger's and naysayers...........