Falcon's shale project is now clear to advance now that a ban on fracking has been lifted in Australia's Northern Territory.
Falcon Oil & Gas Ltd
Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources. We focus on areas in politically and economically stable countries that are characterized by a high regional demand for energy with existing infrastructure allowing rapid delivery of oil and gas to market....
| EPIC: | FOG |
| Market: |
AIM:FOG TSX-V:FO |
| 52-week High/Low: | 26.40p / 14.75p |
| Sector: | Energy |
| Market Cap: | 150.77M |
| Website: | www.falconoilandgas.com |
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Big picture - Why invest in Falcon Oil & Gas Ltd
Falcon Oil & Gas Ltd Timeline
The royalty cancellation comes as the partners prepare to step up exploration and appraisal activities in the Beetaloo shale project, in Australia's Northern Territory
Falcon Oil & Gas narrowed its first-half loss as it continued to focus on tight cost control
Together the partners agree to bring forward and expand the Stage 2 work programme for the Australian shale project
Falcon’s partner at Beetaloo, Origin Energy, said the four new plays have the potential to “redefine Australia’s energy market”
Falcon saw a major breakthrough last month, as Australian authorities green-lighted its shale project in the Northern Territory.
Falcon's shale project is now clear to advance now that a ban on fracking has been lifted in Australia's Northern Territory.
Article
Falcon Oil & Gas marks modest rise on fracking breakthrough but CEO says low prices won’t be around
“Falcon are fully carried for the next five wells ... we’ve got US$9mln cash in the bank, so we’re not looking to raise any money any time in the next two to three years."
A five well drill campaign will now be targeted for the Beetaloo shale project, which is estimated to contain some 6.6 trillion cubic feet of gas
Sentiments were significantly lifted late March as a scientific report concluded that fracking risks could be managed in Australia's Northern Territory but the regional government has yet to decide on the future of fracking
Article
Falcon Oil & Gas jumps as final scientific report says Australian fracking risks can be managed
The report's findings are intended to inform a decision by the Northern Territory government which put a moratorium on fracking in 2016
As a long awaited final report on fracking in the Northern Territory looms, Falcon's partner Origin Energy has detailed further upside potential for future shale wells at the Beetaloo project
“We see Falcon as a near pure option on what could prove to be a very large, economic gas resource with long-dated strategic appeal"
Article
Falcon Oil & Gas boosted as draft scientific report says Australian fracking risks are manageable
The report’s overall conclusion states that “the challenges and risks associated with any onshore shale gas industry in the NT are manageable”
Article
Falcon Oil & Gas’s prospects improving as Northern Territory prepares to make fracking decision
Falcon is sitting on a major shale discovery in the Beetaloo basin, but, it is waiting for the Northern Territory to green-light fracking - with a decision expected next year.
Newswire
Falcon Oil & Gas highlights strong financial position as it awaits Australia fracking verdict
Review into proposals to frack vast shale resources in the Beetaloo basin is presently underway, in the meantime Falcon said it has adopted strict cost management.
It is now expected that a draft final report will be published in mid-December, and as a result the final report itself will now not be published until March
Falcon was debt free and had US$9.7mln of cash at the end of the half
Article
Falcon Oil & Gas investors find encouragement as partner Origin praises preliminary report on Fracki
Origin Energy, Falcon's partner in Australia, has welcomed a preliminary report from a scientific inquiry that will inform a decision on fracking in the Northern Territory.
Falcon said it ended its first half in a strong financial position, with US$10.1mln of cash and no debt.
Origin’s stake in the project doubles to 70% while Falcon retains its 30% stake and all of its entitlements from the 2014 farm-out deal.
Article
Falcon Oil & Gas boss O'Quigley hopes for “not too distant” restart of Australian shale drilling
Falcon’s partner Origin Energy will complete a nine well exploration and appraisal programme, if the moratorium is lifted.
Green light or fracking ban: Falcon has had great success but the future is binary (and politically charged).
Successful wells have so far proved up some 6.6 TCF of contingent resources – which amounts to 1.94 TCF net to Falcon.
