Trades for C:FO on 20240220 - 31 trades displayed

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
15:59:59	V	0.195	0.015	500	79 CIBC	79 CIBC	K
13:28:44	V	0.19	0.01	2,500	1 Anonymous	79 CIBC	K
13:28:44	V	0.19	0.01	9,000	1 Anonymous	79 CIBC	K
12:22:02	V	0.19	0.01	2,500	1 Anonymous	80 National Bank	K
12:04:19	V	0.19	0.01	17,500	1 Anonymous	2 RBC	K
11:21:38	V	0.19	0.01	500	2 RBC	2 RBC	K
11:21:38	V	0.19	0.01	12,000	2 RBC	2 RBC	K
10:53:24	V	0.19	0.01	410	59 PI	53 Morgan Stanley
10:38:02	V	0.19	0.01	5,000	39 Merrill Lynch	7 TD Sec	K
10:36:06	V	0.19	0.01	13,500	39 Merrill Lynch	79 CIBC	K
10:07:43	V	0.19	0.01	30,000	2 RBC	90 Barclays	K
10:07:12	V	0.19	0.01	400	59 PI	79 CIBC
10:07:12	V	0.19	0.01	100,000	2 RBC	1 Anonymous	K
10:07:12	V	0.19	0.01	17,000	2 RBC	7 TD Sec	K
10:07:12	V	0.19	0.01	10,000	2 RBC	79 CIBC	K
09:46:10	V	0.185	0.005	12,500	2 RBC	7 TD Sec	K
09:39:18	V	0.19	0.01	3,000	7 TD Sec	7 TD Sec	K
09:30:00	V	0.185	0.005	379	59 PI	53 Morgan Stanley
09:30:00	V	0.185	0.005	10,000	2 RBC	79 CIBC	KL
09:30:00	V	0.185	0.005	14,500	2 RBC	7 TD Sec	KL
09:30:00	V	0.185	0.005	73,000	2 RBC	1 Anonymous	KL
09:30:00	V	0.185	0.005	27,000	2 RBC	1 Anonymous	KL
09:30:00	V	0.185	0.005	32,000	2 RBC	1 Anonymous	KL
09:30:00	V	0.185	0.005	16,000	80 National Bank	1 Anonymous	KL
09:30:00	V	0.185	0.005	2,000	1 Anonymous	1 Anonymous	KL
09:30:00	V	0.185	0.005	3,500	1 Anonymous	79 CIBC	KL
09:30:00	V	0.185	0.005	500	13 Instinet	79 CIBC	KL
09:30:00	V	0.185	0.005	2,500	13 Instinet	53 Morgan Stanley	KL
09:30:00	V	0.185	0.005	12,000	13 Instinet	1 Anonymous	KL
09:30:00	V	0.185	0.005	5,000	1 Anonymous	1 Anonymous	KL
09:30:00	V	0.185	0.005	25,000	85 Scotia	1 Anonymous	KL

2023-12-07 02:00 ET - News Release 

Falcon Oil & Gas Ltd.
(“Falcon”)

Successful Completion of SS1H Stimulation Program

7 December 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the completion of the 10-stage stimulation program over a 500 metre horizontal section of the Amungee Member B-Shale within the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited (“Tamboran”).

Details are as follows:

• The stimulation program at SS1H delivered a proppant intensity of 2,212 pounds per foot (lb/ft) and average proppant injection per stage was 356,000 pounds.
  
  
• The stimulation program achieved rates of 100 barrels per minute (bpm) using slickwater, a first in the Amungee Member B-Shale and in-line with current US shale basin stimulation designs.
  
  
• Tamboran now plans to install production tubing ahead of the SS1H well commencing flow back of stimulation fluid.
  
  
• Commencement of 30-day initial production (IP30) testing in mid-December 2023, subject to timing of gas breakthrough.
  
  
• Current expectations are to release IP30 flow rates in Q1 2024, subject to timing of flow back stimulation fluid and weather conditions.
  
  
• Proof of commercial flow rates as measured over the IP30 day period and which Falcon estimates to be 1.5 million cubic feet per day (MMcf/d) over the 500 metre horizontal section (3.0 MMcf/d normalised over 1,000 metres) or greater will allow us to progress the sanctioning of the proposed 40 MMcf/d pilot project at Shenandoah South during the first half of 2024.
  
  

Philip O’Quigley, CEO of Falcon commented:

“The stimulation program went extremely well with Tamboran’s operations team achieving injection rates up to 100 bpm, a Beetaloo Sub-Basin rate record, and average proppant injection per stage of 356,000 pounds, in line with the initial design. We look forward to this next phase of operations in the Beetaloo with the installation of production tubing ahead of flow back of stimulation fluid and the commencement of the IP30. We will continue to update the market as results become available.”

Takeaway: Put your shares in the Vault! Quadruple spin that dial to the left then again to the right!

2023-11-27 02:00 ET - News Release

Falcon Oil & Gas Ltd.
(“Falcon”)

Beetaloo Operational Update

27 November 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of stimulation activities at the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.

Details are as follows:

• The planned program, to be conducted by Condor Energy Service, includes 10 stimulation stages within the Amungee Member B-shale over a 500-metre horizontal section of SS1H. The stimulation operation is expected to be completed in December 2023.
  
  
• On completion of the stimulation campaign, production tubing will be installed ahead of expected flowback of stimulation fluid and gas breakthrough.
  
  
• The stimulation program incorporates lessons learned from the joint venture’s Amungee NW-2H well in EP98 and the Tanumbirini wells in Santos operated EP161. This includes an increase in hydraulic horsepower and higher well design pressures to increase effectiveness of stimulation treatments and fluid conditioning methodologies to decrease the risk of skin damage.
  
  
• Diagnostic fracture injection test (“DFIT”) results have already demonstrated an over-pressured regime at the Shenandoah South location, with a pore pressure gradient of at least 0.54 psi /ft. This is in line with results demonstrated at the Tanumbirini well (0.51 – 0.56 psi/ft), providing confidence on the ability to replicate or exceed the commercial flow rates achieved at the Tanumbirini location.
  
  
• Current expectations are to release 30-day initial production (IP30) flow rates in Q1 2024, subject to weather conditions and the timing to flow back stimulation fluid to achieve gas breakthrough.
  
  
• Results from the SS1H well are a key deliverable that will support the sanctioning of the joint venture’s proposed 40 million cubic feet per day (MMcf/d) pilot project at Shenandoah South.
  
  

Philip O’Quigley, CEO of Falcon commented:

“We look forward to this phase of operations in the Beetaloo with the stimulation and extended production testing of SS1H with the planned program incorporating the lessons from previous programs including Amungee NW-2H and with the DFIT results providing confidence on the ability to achieve commercial flow rates. We will continue to update the market as results become available.”

Takeaway: Put your shares in the Vault! Quadruple spin that dial!

2023-10-30 03:01 ET - News Release

Falcon Oil & Gas Ltd.
(“Falcon”)

Beetaloo Operational Update

30 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an operational update on the Shenandoah South 1H (“SS1H”) well in EP117 which is operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Details are as follows:

• A diagnostic fracture injection test (“DFIT”) of the Amungee Member B-shale on the SS1H well was conducted to analyse geo-mechanical and reservoir properties, with results verified by third-party subsurface experts, Subsurface Dynamics, Inc.
  
  
• Formation pressures at SS1H were monitored for over 20 days and analysed to provide a pore pressure prediction for the area.
  
  
• DFIT results have demonstrated an over pressured regime, with a pore pressure gradient of at least 0.54 pounds per square inch (psi) per foot, which is consistent with an over pressured regime observed in the core area of the Marcellus shale. In addition, this result provides confidence that the upcoming flow test of the SS-1H well can replicate or exceed commercial flow tests achieved at the Santos-operated Tanumbirini 2H and Tanumbirini 3H wells (0.51 – 0.56 psi per foot) in the EP 161 acreage.
  
  
• Condor Energy Services have commenced the mobilisation of stimulation equipment to the SS1H well pad ahead of the planned 10 stage stimulation program in November 2023. IP30 flow rate results are anticipated to be released in early Q1 2024, subject to the timing of stimulation fluid flow back.
  
  
• On successful flow testing of SS1H, the Beetaloo Joint Venture (“BJV”) expect to be in a position to sanction a proposed pilot development in the Shenandoah South region.
  
  

Philip O’Quigley, CEO of Falcon commented:

“With the DFIT results along with log analysis providing confidence, we look forward to the next phase of operations in the Beetaloo with the stimulation and extended production testing of SS1H commencing in November. We will continue to update the market as results become available.”

Takeaway: Put your shares in the Vault! Triple spin that dial!

2023-10-16 02:00 ET - News Release

Falcon Oil & Gas Ltd.
(“Falcon”)

Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well

16 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Amungee NW 3H (“A3H”) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Details of operations are as follows:

• The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.
  
  
• The well intersected the Amungee Member B-shale at a total vertical depth (“TVD”) of 2,272 metres and encountered significant gas shows, in line with pre-drill expectations.
  
  
• Drilling took 17.9 days, at an average rate of 214 metres per day, and at 20 days faster than the Amungee 2H (“A2H”) well, the Helmerich & Payne, Inc. (H&P), (NYSE: HP), super-spec FlexRig® Flex 3 Rig delivered the anticipated drilling efficiencies.
  
  
• A stimulation program is planned for the second quarter of 2024, following the Northern Territory wet season.
  
  
• Total costs for the drilling and cementing of the A3H well was A$12.6 million. Cost reductions of A$1.8 million compared to A2H, demonstrates the application of learnings from previously drilled wells and the improvement in drilling technology with the H&P super-spec FlexRig® Flex 3 Rig.
  
  

Shenandoah South 1H (“SS1H”) Update
Stimulation activities for the SS1H well in EP117 are on track to commence in November 2023 with IP30 flow rates anticipated in early 2024.

Appointment of Tennyson Securities
Falcon is pleased to announce the appointment of Tennyson Securities as joint broker, alongside Cavendish Securities Plc (“Cavendish”) Falcon’s current broker. Cavendish will continue as Falcon’s nominated advisor.

Philip O’Quigley, CEO of Falcon commented:

“We are delighted to have successfully completed the A3H horizontal well section and are very encouraged by the drilling days achieved by H&P in reaching TD at A3H and the cost reductions recorded relative to A2H. We now look forward to the next phase of operations in the Beetaloo with the stimulation and extended production testing of SS1H commencing in November. We will continue to update the market as results become available.”

Takeaway: Put your shares in the Vault! Double spin that dial!

 Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - SPUDDING OF AMUNGEE NW-3H IN EXPLORATION PERMIT 98

Falcon Oil & Gas Ltd. has spudded the Amungee NW-3H (A3H) horizontal well in exploration permit 98 with an H&P (Helmerich & Payne) super-spec FlexRig flex 3 rig in the Beetaloo subbasin, Northern Territory, Australia, with Falcon Oil & Gas Australia Ltd.'s joint venture partner, Tamboran (B2) Pty. Ltd. The A3H well is the second of the two-well program in 2023 and will target the Amungee member B shale at an estimated depth of 2,450 metres TVD (total vertical depth). The A3H well is located on the same well pad as the Amungee NW-2H well in exploration permit (EP) 98 and is approximately 60 kilometres north of the Shenandoah South 1H well (SS1H), which the company completed the drilling of last week.

Drilling activity is expected to take approximately 25 days, including a 1,000-metre horizontal section. A stimulation program is planned for the second quarter of 2024, following the end of the Northern Territory wet season.

Falcon will participate in the A3H well at its full participating interest of 22.5 per cent, which, under the terms of the joint operating agreement, will create a drilling spacing unit (DSU) of 20,480 acres.

Philip O'Quigley, chief executive officer of Falcon, commented:

"The spudding of the A3H horizontal well, just a week after drilling the SS1H well, is an exciting acceleration in the appraisal of the Beetaloo subbasin. We are confident that learnings and results from the previous two Amungee wells drilled in EP 98, together with the drilling of the SS1H well, will have a positive impact on the outcome of the results from this A3H well. Preparations for the stimulation program of the SS1H well are ongoing and we look forward to updating the market in due course as soon as those operations commence."

This announcement has been reviewed by Dr. Gabor Bada, Falcon Oil's head of technical operations. Dr. Bada obtained his geology degree at the Eotvos L. University in Budapest, Hungary, and his PhD at the Vrije Universiteit Amsterdam, Netherlands. He is a member of AAPG.

Drilling spacing unit

Under the latest-executed joint operating agreement, any well in a new area creates a DSU (formerly referred to as a pro ration unit). The size of the DSU varies depending on: a) the type and length of the well to be drilled; and b) whether or not the well is a commitment well under the terms of the exploration permit. Given that A3H is a commitment well on EP 98, to satisfy permit requirements to the Northern Territory government, the DSU created is approximately four times that of other wells. Wells which are not commitment wells creating a new DSU will be a maximum of 6,400 acres.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with a technical team based in Budapest, Hungary.

Falcon Oil & Gas Australia is an approximately 98-per-cent subsidiary of Falcon Oil & Gas.

Takeaway: Put your shares in the Vault! Double spin that dial!

 2023-09-18 11:03 ET - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - SUCCESSFUL DRILLING OF SHENANDOAH SOUTH 1H HORIZONTAL WELL

Falcon Oil & Gas Ltd., with Falcon Oil & Gas Australia Ltd.'s joint venture partner, Tamboran (B2) Pty. Ltd., has successfully completed drilling operations on the Shenandoah South 1H (SS1H) well.

The well has been drilled to a total measured depth (TD) of 4,300 metres, including a horizontal section over 1,074 m in length in the Amungee member B shale, with casing and cementing also complete.

As noted previously for SS1H:

• Logging of the Amungee member B shale formation indicates potentially higher porosity and gas saturation relative to other wells drilled targeting the same formation.
• Initial evaluation confirms reservoir continuity of the Amungee member B shale over 150 kilometres between Amungee NW-2H (A2H) and Beetaloo W-1 wells. This includes a target development area of approximately one million acres where the shale depth exceeds 2,700 metres.
• A stimulation program of up to 10 stages over a 500-metre section is planned to commence in the fourth quarter of 2023.

The Helmerich & Payne super spec FlexRig Flex 3 rig will now be mobilized to the Amungee NW-3H (A3H) well site, which will be drilled from the same pad as A2H. The A3H well is the second of the two-well program in 2023 and will target the Amungee member B Shale at an estimated depth of 2,450 metres TVD (total vertical depth), with spudding of the well expected by the end of September, 2023. Falcon Australia will participate at its full 22.5-per-cent interest.

Philip O'Quigley, chief executive officer of Falcon, commented:

"We are delighted to have successfully completed the SS1H horizontal well section and we now look forward to the next phase of operations with the stimulation and extended production testing of the well. We will continue to update the market as results become available."

Nominated adviser name change

The company announces that its nominated adviser (NOMAD) and broker has changed its name from Cenkos Securities PLC to Cavendish Securities PLC following completion of its own corporate merger.

This announcement has been reviewed by Dr. Gabor Bada, Falcon Oil & Gas's head of technical operations. Dr. Bada obtained his geology degree at the Eotvos L. University in Budapest, Hungary, and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland, with a technical team based in Budapest, Hungary. Falcon Oil & Gas Australia Ltd. is an approximately 98-per-cent subsidiary of Falcon Oil & Gas.

Takeaway: Put your shares in the Vault! And spin that dial!

 Agoracom: Small Cap Investment - Falcon Oil and Gas Ltd. - Falcon Oil's A2H well producing at 830,000 cf/d

Not exactly what I was expecting, but then again Tamboran never deliverd a baby before. So Tamboran go and get cracking, And solve the problems.

The main thing is.....

"The Beetaloo Joint Venture (BJV) does not believe this is a reservoir issue or that the initial results are indicative of the prospectivity of the Amungee area. The Amungee NW1H well achieved flow rates of >5 million cubic feet per day (mmscfd) over a normalised 1,000-metre horizontal section from the same well pad in 2021"

Sell Price is still $10.00

 2023-03-22 07:18 ET - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - SUCCESSFUL COMPLETION OF THE AMUNGEE NW-2H WELL 25-STAGE STIMULATION PROGRAMME

Falcon Oil & Gas Ltd. has successfully completed a 25-stage stimulation program at the Amungee NW-2H (A2H) well.

The A2H well was drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale), in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited's joint venture partner, Tamboran (B1) Pty Limited ("Tamboran") in December 2022 with stimulation commencing in February 2023.

Stimulation Programme Details :

25 stages were successfully stimulated across a 1,020-metre horizontal section within the Amungee Member B Shale, with approximately 2,125 pound per foot of proppant placed along the completed horizontal section.

Proppant was placed using 5- one-half-inch casing and was based on modern US shale design, the design is anticipated to result in improved flow rates during the extended production test.

Stimulation fluid flow back will commence imminently and is estimated to take several weeks before the well is shut-in for installation of production tubing.

30-day initial production (IP30) flow rates are expected during the second quarter of 2023.

Philip O ' Quigley , Falcon's CEO , commented :

"We are delighted to announce the completion of stimulation operations at the A2H well with our joint venture operator, Tamboran Resources Limited. The programme was successfully executed during the Northern Territory wet season and we are now entering the very important phase of flow back operations, which have the potential to confirm production rates to support the joint venture moving to a multi-well pilot development programme in 2023/2024. We look forward to updating the market when these flow rates are available."

This announcement has been reviewed by Dr. Gabor Bada, Falcon Oil & Gas Ltd's Head of Technical Operations. Dr. Bada obtained his geology degree at the Eotvos L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

Takeaway: Do not sell any of your shares under $10.00

You all saw the WEBINAR.

So did I. https://youtu.be/CnjQybQnlqM

Takeaway: Do not sell any of your shares under $10.00

2022-12-23 09:07 ET - News Release

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

Operational Update on Amungee NW-2H Drilling

23 December 2022 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations, including casing and cementing, at the Amungee NW-2H (“A2H”) well have been successfully completed. The A2H well has been drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section within the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale), in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B1) Pty Limited (“Tamboran”).

Key points to note:

• The A2H well intersected the Amungee Member B Shale at 2,413 metres vertical depth.
  
  
• Preliminary drilling data confirms elevated gas shows with high concentration C1, (methane) observed. 
  
  
• Drilling was completed in 38 days (spud to TD) and a total cost of A$14.1 million (excluding casing and cementing), slightly ahead of pre-drill design days and budget. Falcon remains fully carried for the cost of these operations.
  
  
• Up to 24 stimulation stages are planned within the Amungee Member B Shale when operations are expected to resume in the first quarter of 2023, subject to weather conditions.
  
  
• Stimulation and flow testing of the A2H well over the 1,275-metre horizontal section will enhance the joint venture’s understanding of the potential commerciality of the Amungee Member B Shale.
  
  
• The joint venture is currently undertaking a comprehensive review of all available data before finalising the location of the final well under the Stage 3 work programme, targeted to be drilled in 2023.
  
  

Philip O’Quigley, Falcon’s CEO,commented:
“We are delighted that the joint venture’s new operator, Tamboran Resources Limited, has successfully drilled and cased the Amungee NW-2H well and look forward to the next phase of operations with the fracture stimulation in the New Year and obtaining productions rates that would support the joint venture moving to a multi-well pilot development program in 2023/2024. We will continue to update the market as results become available.”

Ends.

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Philip O'Quigley, CEO	+353 87 814 7042
Anne Flynn, CFO	+353 1 676 9162
Cenkos Securities plc (NOMAD & Broker)
Neil McDonald / Derrick Lee	+44 131 220 9771

This announcement has been reviewed by Dr. Gábor Bada, Falcon Oil & Gas Ltd’s Head of Technical Operations. Dr. Bada obtained his geology degree at the Eötvös L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd.

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

About Tamboran (B1) Pty Limited
Tamboran (B1) Pty Limited is a 50:50 joint venture between Tamboran Resources Limited and Daly Waters Energy, LP (Sheffield).

Tamboran Resources Limited, is a natural gas company listed on the ASX (TBN) and U.S. OTC markets (TBNNY). Tamboran is focused on playing a constructive role in the global energy transition towards a lower carbon future, by developing the significant low CO2 gas resource within the Beetaloo Basin through cutting-edge drilling and completion design technology as well as management’s experience that in successfully commercialising unconventional shale in North America.

Bryan Sheffield of Daly Waters Energy, LP 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.

Takeaway: Do not sell any of your shares under $10.00

2022-11-10 12:52 ET - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - SPUDDING OF AMUNGEE 2H DEVELOPMENT WELL IN EXPLORATION PERMIT 98

Falcon Oil & Gas Ltd. spudded the Amungee 2H development well (A2H) with the Silver City Rig 40 on Nov. 2022, on EP 98 in the Beetaloo subbasin, Northern Territory, Australia, with Falcon Oil & Gas Australia Ltd.'s joint venture partner, Tamboran B1 Pty. Ltd.

Tamboran B1 is a 50:50 joint venture partnership between Daly Waters Energy, LP and Tamboran Resources Limited ("Tamboran"), with Tamboran appointed as operator across the exploration permits.

Tamboran will drill the vertical and build section to a depth of approximately 2,450 metres, followed by the drilling of a 1,000 metre horizontal section within the primary target of the Amungee Member B Shale (formerly known as the Middle Velkerri B-shale).

Following drilling, the A2H well is expected to commence a hydraulic fracture stimulation programme with a US style unconventional shale design. The well is designed with 5- one-half inch casing to allow for effective placement of proppant into the formation, optimizing completion efficiency.

This is the first of two horizontal wells in the Stage 3 programme to be drilled during this current drilling campaign. The precise location of the second horizontal well, also targeting the Amungee Member B shale is currently being evaluated, and an update will be provided in due course. Philip O ' Quigley , Falcon's CEO , commented :

"The spudding of the A2H development well is an exciting first step for the planned two horizontal wells of the Stage 3 work programme with our new JV partner, Tamboran B1. This follows a successful production log test in September last year at Amungee NW-1H which suggested normalised gas flow rate equivalent to around 5,000 Mscf/d per 1,000 metres of horizontal section. Obtaining production rates over the first 30 days between 2,000-3,000 Mscf/d on the Stage 3 wells will support the JV moving to a multi-well pilot development program in 2023/2024. Falcon remains fully carried for the drilling and fracture stimulation of the A2H well."

Ends. CONTACT DETAILS: Falcon Oil & Gas Ltd. +353 1 676 8702 Philip O'Quigley, CEO +353 87 814 7042 Anne Flynn, CFO +353 1 676 9162 Cenkos Securities plc (NOMAD & Broker) Neil McDonald / Derrick Lee +44 131 220 9771

This announcement has been reviewed by Dr. Gabor Bada, Falcon Oil & Gas Ltd's Head of Technical Operations. Dr. Bada obtained his geology degree at the Eotvos L. University in Budapest, Hungary and his PhD at the Vrije Universiteit Amsterdam, the Netherlands. He is a member of AAPG.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

Falcon Oil & Gas Australia Limited is a c. 98% subsidiary of Falcon Oil & Gas Ltd. For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com About Tamboran (B1) Pty Limited

Takeaway: Do not sell any of your shares under $10.00

2021-11-12 09:18 ET - News Release 

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - PRELIMINARY PETROPHYSICS AND MUD GAS COMPOSITION FROM VELKERRI 76 S2-1 WELL

Falcon Oil & Gas Ltd. has provided details on the preliminary petrophysical interpretation and mud gas composition data from the Velkerri 76 S2-1 vertical appraisal well in the Beetaloo subbasin, Northern Territory, Australia, with the company's joint venture partner Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.

On Oct. 15, 2021, the company announced that drilling of the Velkerri 76 well had been completed and preliminary evaluation of the results had been very encouraging.

The preliminary petrophysical interpretation of the Velkerri-76 wireline logs has now been carried out, which has confirmed positive indications in particular from the B shale of the Amungee member (formerly known as the Middle Velkerri). Other intervals within the Amungee member also show positive indications and further analysis will now be undertaken to confirm these results.

The Amungee member B shale was the principal area of focus with Falcon's operations at Amungee NW-1H and the results obtained to date compare very favourably with some of the most commercially successful shale plays in North America. The Amungee Member B shale is also the focus of activities in the neighbouring Santos and Empire Resources operated blocks.

Mud gas composition data also provides evidence that the Amungee member is within the wet gas maturity window and contains good LPG yields and high heating gas value.

Key information with respect to the preliminary petrophysics and mud gas composition of the Amungee member B shale are included in the attached table.

The results of preliminary petrophysical interpretation confirm: 

• The prospectivity of the Amungee member B shale.
• Reservoir quality of the B shale (TOC, porosity and gross thickness) compares strongly with commercial shale plays in the United States.
• The Velkerri 76 S2-1 well provides yet another robust data point for the joint venture to consider various commercialization options across its permits.

Additional analysis of the conventional core acquired during the drilling of Velkerri 76 will be required to confirm the preliminary petrophysics interpretation and will take place over the coming months.

Laboratory analysis of gas samples collected during drilling will be carried out to further refine gas composition data within the Amungee member shale intervals. 

Philip O'Quigley, chief executive officer of Falcon, commented: "The preliminary petrophysical interpretation of the Velkerri 76 wireline logs is excellent news with the Middle Velkerri B shale comparing favourably to some of the most commercially successful shale plays in North America. These results are further evidence of the increasing significance of the Velkerri play, with results still to come from flow testing of two horizontal wells at the neighbouring Santos-operated blocks also targeting the Velkerri play."

.

I could have predicted in advence the arrival of Boo-birds also known as the Backroomroom Boy's minions. They will try to convince you that the precious stone in your hand is nothing but a piece of black coal.

2021-09-03 06:02 ET - News Release

Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - AMUNGEE NW-1H - NORMALISED GAS FLOW RATE EQUIVALENT TO 5 MMSCF/D PER 1,000M HORIZONTAL

Falcon Oil & Gas Ltd. has provided results of the production log test at the Amungee NW-1H well. The results suggest a normalized gas flow rate equivalent of between 5.2 million to 5.8 million standard cubic feet per day per 1,000 metres of horizontal section.

Amungee is located in the Beetaloo subbasin, Northern Territory, Australia, and the testing conducted is part of the 2021 work program, which is operated by Falcon's joint venture partner, Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.

Amungee background: 

• It is located in exploration permit 98, approximately 60 kilometres east of Daly Waters, just south of the Carpentaria Highway.
• It was the first horizontal well to be drilled and first well to be fracked with Falcon's JV partner and operator, Origin.
• In November, 2015, the JV successfully drilled the well to a total measured depth of 3,808 m, including a 1,100 m horizontal section.
• In September, 2016, 11 hydraulic stimulation stages were completed along the horizontal section in the Middle Velkerri B shale zone.
• In December, 2016, a 57-day extended production test (EPT) was completed, with production averaging 1.10 mmscf/d.
• In February, 2017, the results of evaluation of the discovery and preliminary estimate of petroleum in place were published for the Velkerri B shale gas pool, confirming a gross contingent resource of 6.6 trillion cubic feet, 1.46 trillion cubic feet net to Falcon; full details are contained in Falcon's annual information form. 

Details of Amungee testing: 

• The well was successfully put back on production testing on Aug. 7, 2021.
• Initial flow rates during the first 48 hours of testing ranged between two million and four million standard cubic feet per day with rates averaging 1.23 mmscf/d over the first 23 days.
• A PLT was run on Aug. 19, 2021, to 3,098 metres measured depth, just prior to the casing deformation at 3,112 m md.
• The PLT data confirm that: Only 5 to 15 per cent of the production came from stages 1 to 7 beyond the casing deformation point at 3,112 m md. Eighty-five to 95 per cent of the production came from stages 8 to 11, spanning a 200 m horizontal section, prior to the casing deformation.
• The low contribution from stages 1 to 7 is likely the result of a restriction caused by the casing deformation or the plugs having not milled out, or both.
• Conclusion: Stages 8 to 11 may be representative of the deliverability that can be achieved within the Middle Velkerri B shale at Amungee.
• The PLT test results equate to a normalized gas flow rate of between 5.2 million and 5.8 million standard cubic feet per day per 1,000 m of horizontal section.
• A typical future production well would be likely to have a horizontal production section of up to three kilometres.
• The result validates the decision to undertake a second EPT in order to run a PLT. 

Philip O'Quigley, chief executive officer of Falcon, commented: "With our unique and extensive position in the Beetaloo subbasin, this is really exciting news for Falcon shareholders and this significant development provides line of sight to the commercialization of the Beetaloo, for which we remain carried for further activity.

"A recent report by an industry analyst suggests that gas flows greater than three mmscf/d from a 1,000 m horizontal well are required to demonstrate the commerciality of the Beetaloo. Not only does this test result significantly exceed these parameters and significantly increase our assessment of the Velkerri dry gas play, but it also puts the Beetaloo on a par with other shale gas basins in North America.

"While we wait for further news from our operations at Kyalla 117 N2-1H ST2 and Velkerri 76 S2-1, we look forward to working with our JV partner, Origin, in establishing the next phase of work on the Middle Velkerri B shale.

"With other drilling activity in neighbouring Santos-operated blocks targeting the Velkerri dry gas play, this is an important moment for the nationally significant Beetaloo subbasin."

Takeaway:

Do not sell any of your Falcon shares under $10.00

The Beetaloo Strategic Basin Plan released as part of the gas-fired economic recovery 

For blind minions…..see link below

https://falconoilandgas.com/company-presentations/#1541158622782-52acf8a2-2f7

So hold and do not selll any of your shares under $10.00

You are in good company.

  

Keep in mind:

Vested interest... 

 Toronto, finacial hub of Canada. The Exchange Tower, 36 storey high, dwarfed by nearby skyscrapers. The TSX located on the third floor. Hundreds of market makers busily working at their stations. A gofer rushing  through the complex with an oversized box of Tim Horton donuts, a special delivery to the "Backroom" where the Backroom Boys plotting their moves. As soon as the gofer left the room the boys attacked the box of donuts, in the frenzy no one noticed the fat fly nonchalantly flew out the box and settled on the wall.

Suddenly the backroom head honcho walks in, he looks very angry. He looked angrier than Trump did on wendesday.

-We should fire you all. We did everything for you, we setup everything for you, With the help of other interested parties, we supressed all informations coming out of australia, All you had to do is just screw the little investors. But no, you didn't deliver. You..you... you... you are schmendricks!!!

Then ...the head hocho stormed out

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It is a luxurious alpine retreat in the Swiss mountains. A man standing at the window looking at the mountain peaks in the distance.

Another man, older, sits in a Wingback leather chair.The two men, both billionaires, are friends. The older man is the founder of Falcon Oil and Gas. The man at the window is Falcon’s largest shareholder.

The fly perches on the leather chair behind the elderly man’s head.

“A penny for your thoughts, Victor” says the old man. “You sure look distracted today.”

“Oh, I’m more than distracted, Mark. I’m done right annoyed.”

“Annoyed with what?” says the old man.

“With these long-term investors. No matter what we’re throwing at them, they just aren’t selling. ”

“Well Victor, we did everything within our power, like creating the AIM Listing for the sole purpose of shepherding Falcon’s stock price in Toronto. But that doesn’t work. You can’t move a battleship with a fishing boat. Our friends the market agents can’t get the job done either. Churning is a zero sum game. I think those long-term investor are determined to hold, and you better get used to it. Besides, you just picked up 38 million shares for 0.207 cents and I believe that was a steal. “

“Yeah I know Mark. Except I can’t get used to the idea rubbing shoulders with 13,000 new millionaires. “

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The Exchange Tower is a 36 storey tower. The elevator stops on the third floor, as the elevator door opens the fly quickly escapes from the confinement into the half acre office complex, home to hundreds of Market Makers. Immediately the fly makes a beeline through an open door for the donuts on the sideboard. This room is no ordinary room. This room is the fabled ‘back-room’ where only a select few, to the outside world Faceless-Backroom-Boys ply their trade.

The meeting is over, a dozen or so FBB’s about to leave the room, just then the chief FBB calls back his number one FBB.

“ Number One, give me the year to date report on our Cinderella stock Falcon. You should know that our biggest investors are getting impatient.”

“Well Chief, which one do you want to hear first, the good news or the bad news?”

“Ok, give me the bad news first.”

“I have to tell you up front that we’re using every available tool in the toolbox but the result is still the same as it was all of last year, no one is selling. Hence we have to prime the sluice; consequently we end up hemorrhaging our pool of shares to smart long-term investors.”

“Look Number One, I don’t want to hear about smart investors, just use our double talking minions and find more tools in that toolbox and get results. Our purpose is to profit, so screw the public. We’re the market makers, and that’s what we do.”

“More like Robber Barons”

“I hope that was just a tongue in cheek remark, not some sort of guilt trip.”

“Of course not”

“Ok Number One. So what’s the good news?”

“Just picked up some more Falcon in my private account”

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Same city, Toronto, also known as The Big Smoke. Same Exchange Tower, 36 storey high. Same half acre office complex on the third floor, home to hundreds of Market Makers. Same special ‘back-room’ where Faceless-Backroom-Boys ply their trade.

However, the time is 6 months later and the donuts on the sideboard was freshly delivered from Tim Hortons. So was the Fly in that same box.

The Chief FBB has a visitor, a CEO from a large capital investment firm.

“ What’s the status of my 50 million shares order of Falcon I placed last year, Chief?”

“ I’m sorry to say, but there isn’t any for you. Neither to anyone.” says the chief.

“ Explain, how’s that possible?”

“Let me ask you first, what’s the reason you are so keen to get 50 million shares of Falcon?”

“ Well, Falcon has 200 TCF of gas and 21 billion barrels of oil assets in Australia and Hungary. So, when it’s becomes proven, we’re talking 300 billion dollars value at minimum. Am I right, Chief?”

“So then, in your answer lies the explanation. When Falcon’s play becomes proven, Falcon itself will be worth 100 billion dollars. This fact and the fact that Falcon’s 4 largest investors own about 430 million shares of Falcon haven’t been lost on the other 13,000 long term investors.”

“ So you are saying that I’m out of luck. So then tell me what would I have to pay if I want to fill my order in the coming week?”

“North of 3 dollars and I’ll gladly accommodate you.”

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Target Price $10.00+++

Present non-backroom value is $10.00.

There are 13,000 long-term investors following this Forum. And this fact, as a matter of course bothers the backroom boys.

We, the 13,000 long-term investors holding stronger than ever. Like Renova..like Burlingame...like Persistency.. like Sweetpea...like Nicolas Mathys

You can find me on this chart, I'm one of the 13,000.

So hold and do not selll any of your shares under $10.00

You are in very good company.