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Once the moratorium is lifted we will value based on demand for the issued and owned shares traded on multiple platforms around the world. Enterprise value will push the share price higher based on folks wanting to make money, short and long term. Our biggest gain will occur at sale. The whole thing depends on the moratorium and proving up the value of the areal extent on multiple horizons. not just the current known on less than 2000 Sq K. We’re sitting pretty if the moratorium is lifted and the restrictions (highly regulated etc) aren’t business cost prohibitive.
I certainly openly admit that i have no knowledge of international and foreign tax law, but to keep it simple we will value at around +\- $1 US dollar for every billion in sale price i.e. 2 bill $2 bucks etc. that is derived from the industry standard of NPV10. easy to research. PV 10 takes into account infrastructure cost and time depletion. also known in some basis as EPV10. All of the complications really can be mitigated with one simple bottom line.....Falcon Oil and Gas Ltd a Canadian Corp will in some form sale Falcon Australia a subsidiary as registered, an Australian Corp. From that our shares will value based on that sale. period
In country of origin........you can also deduct your basis from sale value at per price and entry time. In the US we can look at rate % defined by long-term and short-term capital gain......I suspect other countries have similar options. depending on tax law......
Falcon Oil and Gas Australia is a 98% owned subsidiary of Falcon Oil & Gas Ltd (''Falcon''). Falcon Australia is an unlisted public company engaged in the exploration and development of world class conventional and unconventional resources ... Falcon will sale this asset only in relation to the Beetaloo.............the transaction can take many forms....most likely....cash deal with the possibility of dividend to balance cash short fall or inability to acquire cash. This will be dependent on size and liquidity of potential offeror..........The value of the sale will in turn value Falcon Oil and Gas, thus value Falcon's per share value.....Falcon Oil and Gas will continue as is......SA will be the next marketable item
And......many of the recommendations are suggested/directed at occurring prior to continued exploration.......looks like even when/if lifted the wait will be boring.....lot of cost buried within new regs to move forward and targeted and added to exploration and production .....a lot to be considered
"We will now carefully consider the report�s recommendations and take (as long as) is needed to make the right decision for the Territory. ✅ Once the final report has been carefully considered we will do what we have always promised Territorians - either ban fracking in the Northern Territory or allow it (in highly regulated circumstances in tightly prescribed areas). Not a good sign......."take as long as is needed"..............huge downer statement......giving himself margin The outcome ultimately "allow in highly regulated circumstances in tightly prescribed areas"...............giving room for argument by the time statement and projecting the ultimate decision....................let us hope.......
while i’m not on the list i think LTG wins with Monday the 26th. being the release day. That allows for a week of discussion and the moratorium decision the following week. unfortunately too many variables and still 50/50. That stated IMO I think Newto is correct and the Gunner folks will go with option 2 “tightly prescribed areas” and beetaloo only. no population there. In that scenario we win. GLTA.
OPINION: The jury is still out on the Gunner Government�s economic nous We need to look at that first word in the title to this article "OPINION" It starts on April 3 when they announce their position on hydraulic fracturing. (Must Know something no-one else knows) Will they lift the ban and allow it to go ahead or will they maintain the rage and stop the development of the onshore industry. Within that debate there is the broader debate as to whether they will lift the use of fracking for exploration or they will wait until all the recommendations of the Pepper Inquiry are in place before proceeding. Those fifth floor staff so vitriolically opposed to onshore gas who are in powers of position want to make the industry so unviable it is never developed so an exploration delay is a genuine probability. Notice I didn�t say possibility but probability. ("so unviable" while opinion....no-one knows their intent/desires, this could be the political play that closes the door....Gunner lifts the moratorium answering to one side but installs such rigid controls answering to the LTG side, no company can afford to play, nor want to play.....that is the scary part.......in MY OPINION....and its just that....Opinion) The only problem with that is it takes them within months of an election, and depending on the state of the economy, also their electoral fortunes. (This statement is the creation of the real question mark for a politician......is the electorate so stupid they won't see through their political gambit and throw them out either way.....) As a previous poster stated.............there is too much economic opportunity in the ground in the remote Beetaloo to ignore.......even a politician needs money to win, money for all whether earned or given away......its more of a win/win if they let the economics (money) flow out of the ground........And......I bet they do....... I think we all do......in our Opinion My point.......not really sure that opinion piece includes any more information than we already share here.......
Good Info Orson....thanks for the additional insight and info, let's hope that Gunner is responsive to the facts. If he follows the facts and not the politics then we should get "allowing it in highly-regulated circumstances and tightly-prescribed areas"--i.e. the Beetaloo!! God Speed in the balance of 2018 post March!!
Below are summary sentences from the Draft Final Report.......the ones that are obvious to us have been removed for space and those we have to be thoughtful of left for generating opinion.....these, I believe, will steer the future of our outcome. Draft Final Report Plain English Version 2. The draft Final Report talks about the work done by the Inquiry. It talks about the problems with fracking and how those problems can be dealt with. 3. The Inquiry made 120 recommendations. The recommendations are listed in the report. 8. The Inquiry cannot decide to remove the ban or keep it. This is a job for the NT Government. The NT Government will decide whether to lift the ban on fracking when the Inquiry is finished. 9. The Inquiry�s job is to tell Chief Minister Michael Gunner what the problems of fracking are and how those problems can be dealt with. 10. The Inquiry is not the NT Government and it is not doing Land Council business. 12. People are mainly worried about water but there are also worries about the land, keeping communities and culture strong and protecting country. 13. The Inquiry has also heard from people that think there are benefits from fracking, like jobs and royalties. While not trying to go all "bigones" here we need to step back a minute and unfortunately consider some issues that the inquiry has no control of nor purpose to conclude....as they clearly state....and Pepper has no option to manage. If we look at all of the "recommendations" (Item 3...120 Recommendations) the majority of these all begin with the phrase "That the government" or "The Minister must". My point is this.....the inquiry has openly stated that they will make scientific based recommendations and nothing more, it is the job of the government to draw a final conclusion......Gunner, he has stated that he will follow the outcome of the inquiry.....but.......Is there really an outcome.....they are recommendations......moreover, he has never once said, that I can find or recall, how long he would take to make his decision (unfortunately)!!! If handouts are more important to the indigenous population then the business side may have little power and it is likely, in my humble opinion, that politically, for where Gunner holds his office and power, the NT, that he will weigh deeply the impact on being re-elected-- the wishes of his constituency. I think we must hold hope that he has good cause to survive from a business perspective rather than a political perspective....but I fear, as we often see here in the states, that free stuff is more important politically than having to work and earn stuff. Hopefully, losing a billion in free stuff influences him. Let me close with this to attempt to avoid being "bigoned".....I've held this stock and added to my holdings for nearly 10 years...my average in is just over US$0.08/share so one can conclude I have a lot and will continue to hold (if my