I believe that Origin has been taking advantage of Falcon's weak position ever since Sasol took off. Hopefully the Sheffield addition can help Falcon steer this company to some level of worth.
RE: Oligarch Sanctions and Renova Group3 Mar 2022 01:56
Australian government should encourage more russian oligarchs to invest in falcon so that they can lose all their money and be tormented like the rest of us long term holders
RE: Oligarch Sanctions and Renova Group2 Mar 2022 18:17
I think the Greens are more of a security risk to Australia's energy and economic future than this 15% investment in Falcon. Europe and especially the UK can attest to that.
Someone should have asked him to address the following, which in my view stalled a declaration of commerciality by 5 years. Totally unacceptable:
From Oleo's Post:
6 from 11 plugs not milled out and not removed at the Amungee NW 1H is grossly negligent.
If the operator would have cleaned out the whole horizontal section, there would be a good chance that a commercial production rate would have been demonstrated already and Fog would be in a much better situation ( no oil company would put money on the table for a hypothetical normalized production rate)
Sounded more like a Tamboran/Santos AGM than a FOG AGM. Was that POG's brother in law asking all the questions? Sounded like it was the first time in their lives ever being on a conference call, my goodness. Thanks to COVID, it's been two years that POQhasn't had to answer any tough questions at an AGM.