Falcon Oil & Gas

  • Kommerzialisierung des Beetaloo, beschlossen und wird umgesetzt


    Diese Exploration alleine deckt den Energiebedarf von Australien für mehr als 10 Jahre, wenn davon nur 10% des tatsächlichen Vorkommens gefördert wird.


    ;)

  • Krasses Kursgeschehen auf tiefstem Niveau, kaum zu fassen, wenn's dann losgeht - erst 2024 - dann krachts im Gebälk


    https://www.cash.ch/aktien/fal…26-gas-rg-1029718/lss/gbp


    Tests positiv


    Falcon Oil & Gas Ltd.
    (“Falcon” or the “Company” )


    Preliminary Results from Velkerri 76 S2-1 Well Ver y Encouraging


    15 October 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling of the Velkerri 76 S2-1 vertical appraisal well (“Velkerri 76 ”) has been completed, with the well drilled to a vertical total depth (“ TD ”) of 2,129 metres in the Beetaloo Sub-Basin, Northern Territory, Australia with our joint venture partner, Origin Energy B2 Pty Ltd., a wholly owned subsidiary of Origin Energy Limited.


    Preliminary evaluation of the Velkerri-76 well is very encouraging and confirms:

    • The presence of four prospective intervals within the Amungee Member (formerly known as the Middle Velkerri), the A, AB, B and C shales, as established in the Amungee NW-1 / 1H, Beetaloo W-1 and Kalala S-1 wells.
    • The continuation of the regionally pervasive Amungee Member within the Velkerri Formation towards the eastern flank of the Beetaloo Sub-Basin approximately 78 kilometres from the Amungee NW-1H and 73 kilometres from the Beetaloo W-1 wells.
    • The Amungee Member is likely within the wet gas maturity window as evidenced by mud gas data during drilling.

    93 metres of continuous conventional core was acquired in the Velkerri B and AB shales and extensive wireline logging data was collected to enable detailed formation evaluation of the prospective zones within the Amungee Member. The diagnostic fracture injection test (DFIT) is to be carried out shortly and will provide further understanding for future appraisal of the Velkerri wet gas play.


    Philip O’Quigley (CEO of Falcon) commented:
    “The preliminary drilling results at Velkerri 76, together with the revised normalised gas flow rate equivalent to 5 MMscf/d at Amungee NW-1H announced in September 2021, is really exciting news for Falcon shareholders as attention shifts to future activity in the Beetaloo.


    Falcon is in a prime position within the Beetaloo Sub-Basin with significant areal exposure to the Velkerri shales across a range of maturity windows, as established by the results from the 5 wells drilled in the work programme to date.


    This further development at Velkerri 76 emphasises the ever growing significance of the Velkerri play.


    This is another very encouraging development for the nationally-important Beetaloo Sub-Basin and, with results to come from flow testing of two horizontal wells at the neighbouring Santos-operated blocks, which are also targeting the Velkerri play, we see now as a key period in the step towards commercialisation of the Beetaloo.”

  • Strategieplan Beetaloo


    https://www.industry.gov.au/si…-strategic-basin-plan.pdf


    Gasvorkommen:


    1 Petajoule [PJ] =


    277 777 777,777 Kilowattstunde [kWh]


    200000 PJ geschätzt förderbar, reicht für 10 Jahre


    Beetaloo gas resources
    The Beetaloo Sub-basin has the potential to be a world-class gas province.


    Estimates of the gas resource in the region vary but the results from preliminary exploration are encouraging. The NT Government estimates that there are over 200,000 PJ of gas in place in the sub-basin (NT Geological Survey Record 2017-003).
    Not all of this gas will be recoverable. However, even at a very conservative recovery rate of 10 per cent this is more than ten years’ worth of domestic gas demand. This resource would be capable of servicing a range of markets for decades into the future.

  • Nächstes Jahr wird sich der Beetaloo Nebel lichten :)


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  • Falcon Oil & Gas Ltd.
    (“Falcon” or the “Company”)


    US$10 million Private Placement with US Strategic Investor


    And


    US$6 million Acquisition of Overriding Royalty Interest


    31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP(“Sheffield”) for a US$10 million private placement through the issue of 62,500,000 Common Shares (“the Placing Shares”) at a price of CAD$0.20 per share (“the Placing”). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon’s issued and outstanding Common Shares.


    Falcon Oil & Gas Australia Limited (“Falcon Australia”) has also agreed to grant Sheffield a 2% overriding royalty interest (“ORRI”) over Falcon Australia’s 22.5% working interest in the Beetaloo Sub-Basin exploration permits in return for a cash payment of US$6 million. The 2% ORRI is being granted to Sheffield calculated on equal economic terms as the existing 3% ORRI with the TOG Group. The cash proceeds of US$6 million will be used to exercise Falcon Australia’s call option to reduce the existing ORRI with the TOG group from 3% to 1%, which is expected to take place before 30 April 2022. The assets subject to the ORRI are not currently revenue generating and there are no profits or losses attributable to them. These changes to the ORRI’s, will be submitted to the Northern Territory Government, Australia for registration.


    Details of the Placing
    The completion of the Placing is subject to approval of the TSX Venture Exchange. A further update on Admission will be provided in due course. The Placing Shares will not trade on the TSX Venture Exchange Market until the date that is four months and a day after the day of issuance. The Company’s total issued share capital following Admission will be 1,044,347,425 Common Shares. The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this Announcement this inside information is now considered to be within the public domain.


    The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United State or to, of for the account or benefit of, U.S. persons absent registrations or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in which such offer, solicitation or sale would be unlawful.


    Use of Funds
    The Placing will add US$10 million to the Company’s cash balance of US$8.4 million as at 28 February 2022, which leaves Falcon in a strong financial position well ahead of future decisions on the Beetaloo project.


    Philip O’Quigley (CEO of Falcon) commented:
    “Falcon is very pleased that Bryan Sheffield of Sheffield Holdings LP has increased his strategic stake in the Company at this time. Bryan is a highly successful investor and has made significant returns in the US unconventional energy sector in the past. He was Founder of Parsley Energy Inc. (“PE”), an independent unconventional oil and gas producer in the Permian Basin, Texas and previously served as its Chairman and CEO.


    PE was acquired for over US$7 billion by Pioneer Natural Resources Company (“Pioneer”), itself a leading independent oil and gas company and with the PE acquisition became a Permian pure play company. Pioneer has a current market capitalisation of c. US$60 billion.”


    Bryan Sheffield of Sheffield Holdings LP commented:
    ‘‘Falcon and its partner have the largest acreage (4.6 million acres) position centred over the Beetaloo Sub-Basin. The Beetaloo is emerging as a world class shale gas basin with stacked pay potential from several shale intervals. Flow tests from the B Shaleof the Amungee Member have confirmed a productive dry gas system in place. Geologic and engineering data from test wells across the Sub- basin have similar properties to some of the highly successful shale gas plays in the United States. The Beetaloo Sub-Basin is still in the exploration and appraisal phase, but with continued good well results, Falcon is well positioned to become a key supplier of low carbon energy to Australia and to the world within a few short years. I am delighted to have this opportunity to acquire a significant interest in Falcon and gain exposure to their net 1 million acres in what may become one of the biggest shale plays in the world.’’


    https://www.research-tree.com/…royalty-interest--1380859