Chris Oil’s share tips of the year 2015, No 1 - Buy Falcon Oil & Gas at a 5.75p offer<http://www.shareprophets.com/views/9853/chris-oil-s-share-tips-of-the-year-2015-no-1-buy-falcon-oil-gas-at-a-575p-offer> By Chris Oil — Saturday 3 January 2015 Share this article with your comrades in revolutionary capitalism Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Following the investor excitement surrounding UK onshore plays in 2014, followed by the damp squib at Horse Hill and then a plunging oil price, my first 2015 tip of the year is a fully funded low cost play - . Falcon Oil & Gas (FOG) at a 5.75p offer. On its website it claims town 162tcf and 21 billion oil barrels recoverable gross in Australia with 390tcf gross recoverable on top in South Africa. Even though these figures are only contingent this amount of exploration hydrocarbons is on par with the entire North Sea - there is clearly potential. Combine this with the farm out skills of CEO Phil O’Quigley which should mean that drilling is fully funded by others and this looks one of the top exploration oil plays for 2015. I have calculated that breakeven is sub $30 a barrel on these massive unconventional wells given the size of the potential of the onshore fields. Falcon has a highly regarded Chairman in John Craven - ex Cove Energy-and I am sure that once hydrocarbons are proved up this will be very much in play as a takeover target. Remember that in Australia M&A is common place with acreage going for as much as $850 an acre for undeveloped assets. The main reason for buying Falcon is its Australian assets where it has a 30% net interest in 1.4 million net acres with drilling commencing in the spring. Big players including Santos have been busy buying all the acreage around Falcon’s. A Charles Stanley internal note suggests a 19.7p initial target increasing to 51p on a successful four well programme going onto 76.3p in an M&A situation. I suspect this was written pre the oil price crash but you can see the potential. At 5.75p Falcon is my first share tip of the year. - See more at: http://www.shareprophets.com/tag/cove+energy/#sthash.8zGS9dUD.dpuf