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Falcon Oil & Gas Ltd. (FO.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.1700-0.0100 (-5.56%)
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  • J
    Jan
    Wow, another 62,500,000 shares issued. How many times have you been told we are well financed and completely carried! At least management we keep getting paid for doing nothing. When will Falcon buy out the overriding royalty?
  • R
    RebelX
    Is there still hope in this company?
  • J
    Jan
    Like I have said for 10 years you can always buy it cheaper. Another wasted year ahead. How many vertical wells are needed? Why pay a treasurer millions? Bleeding investors for years. Buy Origin they will end up with it all, plus pays a dividend. Only winners at Falcon are Management!
  • C
    Colin
    Be patient everyone, when the drilling starts the revenue starts rolling in, then stock price will rise.
  • J
    Joseph
    Now that we finally have positive news regarding Falcon's exploratory efforts, where do we go from here? And what, besides nitrogen, will lift the share price? Management?
  • J
    Jan
    Why would anyone risk a dime on a company where the CEO won't put in a plug nickel ? But it is your money and if you think this company is worth your investment you must know more than the insiders who stay away !
  • R
    Rich
    for what is happening, the stock seems pretty cheap based on a dollar per acre metric. FOG has an enterprise value (about $6 million cash on hand, no debt) of USD $235 MM with 1.4 MM acres in the Beetaloo, which is USD $168 per acre. It is contiguous, which is a bi plus, but it is a non-op interest. In other resource plas, especially shale plays in the U.S., we have many times seen values when a resource starts being proven of $5,000 to $20,000 per acre.
  • J
    Joseph
    Can someone explain what " well currently flowing back at a rate of approximately 500 bbl/d with" means and if that is a positive rate or cause for concern.
  • D
    D
    saw this this today: Dear Subscriber,

    22 August 2019 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, Euronext Growth: FAC) is pleased to announce that the Environmental Management Plan (“EMP”) for the Kyalla 117 N2 horizontal appraisal well, for the planned 2019 drilling, stimulation, and well testing prepared by Origin Energy B2 Pty Ltd. (“Origin”) on behalf of the JV, has been approved by the Northern Territory Department of Environment and Natural Resources.

    The press release can be found on our main website homepage, under the Investor Centre section selecting Press Releases Kyalla 117 N2 Horizontal Appraisal Well EMP Approved.

    Kind Regards,
    Falcon Finance Team
  • D
    D
    With the news from the other Oil drilling companies in the basin being all positive, not sure why the selling. this thing will likely be a 4 or 5 banger shortly. Or at least double. Just my opinion of course.
  • J
    Jason
    Moratorium lifted. Finally!
  • J
    Jan
    Wow 38 million options issued ; again at lower prices. Where's the incentive to get the stock price up for us? POQ 10 million more!
  • J
    Joseph
    Okay folks. Who's selling and why? Do we have a leak of insider information occurring? I am becoming discouraged and distrustful. Answers please,
  • D
    D
    Well, this looks good, came out today:
    Falcon Oil & Gas Ltd.
    (“Falcon”)

    Technical Update of Kyalla 117 N2-1H ST2

    02 October 2020 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) (“Falcon”) is pleased to provide the following technical update on the Beetaloo project in the Beetaloo Sub-basin, Northern Territory, Australia regarding the hydraulic stimulation of the horizontal Kyalla 117 N2-1H ST2 well (“Kyalla 117 well”).

    Highlights of the preliminary results from the Kyalla 117 well:

    Completion of 11 hydraulic stimulation stages along the 1,579-metre horizontal section in the Lower Kyalla Formation
    Stimulation treatments were successfully executed
    Activities have commenced in preparation for the flowback and extended production test
    Early stage gas flow rates are expected in the coming weeks
    Philip O’Quigley (CEO of Falcon) commented:
    “We look forward to the next phase of operations with the production testing of the Kyalla 117 well and will update the market as results become available.”
  • L
    Lynn
    Where are we going with this company - lots of good news three years ago. Not much lately until today. Is something happening in the field?
  • J
    Jan
    They may not even start the procedure till April. You know the rainy season in the desert. Also nitrogen to get flow started is expensive, very expensive. You also have odds that this procedure won't work. It is far from a sure thing. Course with a little research you would know the odds. Remember you can always buy Falcon cheaper. Been true for decades. Also money is going to get tight again. The last well was 24 million before nitrogen stimulation.
  • D
    Danny
    From another board - good news from our neighbors.

    Some fun reading from Santos -- with truly staggering test results from just the "vertical test" they initiated back in early November. This Tanumbirini well is only about 30 - 35 km away from our Amungee H1 well -- so still directly in the same formation. This vertical well has produced results that are in line with a good traditional well, but for a shale well -- the results are so staggering that Santos is declaring a discovery no less!!! Everyone stay tuned -- as this is great news for Falcon as well...................

    From Santos's quarterly report:

    Santos’ appraisal of the significant resource potential of the onshore McArthur Basin (Beetaloo Sub-basin) in the Northern Territory re-commenced in November with a four-stage stimulation program at the previously drilled Tanumbirini-1 vertical well. Production testing is ongoing, with test results confirming a gas discovery in the Middle Velkerri shale gas play. Gas flow rates of rates of over 1.2 mmscf/d have been recorded, exceeding initial expectations for the vertical well. Preliminary gas composition analysis indicates >90% methane, less than 5% total inert content and 3% ethane.

    The results at Tanumbirini-1 provide critical data to inform the next phase of appraisal, which is expected to include the drilling and multi-stage stimulation of two horizontal wells commencing in the first half of this year.
  • S
    Spencer
    Surprised by how little conversation & interest with this share & its potential - both short term & long term! Not wzpwcring it to be this quiet for much longer with drill news here due imminently as well as a number of the other operators in the Beetaloo. The Australian government fully on board to accelerate the commercialisation of the huge discovered resource. It will happen & all holders here will do very very well - huge discovery!!!
    GLA & DYOR!!!