FOG

Falcon Oil & Gas - Shenandoah South-1H well IP90 Day Flow Rates of 2.9 MMcf/d (normalised to 5.8 MMcf/d)

Retrieved on: 
Friday, April 26, 2024
Sale, AIM, Pressure, FID, IP90, FEED, Front-end loading, FOG, BJV, Oil

On completion of the IP90 flow test, the well was delivering 2.7 MMcf/d, normalized to 5.4 MMcf/d over 3,281-feet (1,000 metres) at a pressure of 518 psi prior to being shut-in.

Key Points: 
  • On completion of the IP90 flow test, the well was delivering 2.7 MMcf/d, normalized to 5.4 MMcf/d over 3,281-feet (1,000 metres) at a pressure of 518 psi prior to being shut-in.
  • The SS-1H well has demonstrated steady gas flows and decline profiles in line with some of the most prolific regions of the Marcellus Shale in the US.
  • “The SS-1H IP90 flow rate announced today of 2.9 MMcf/d, normalised to 5.8 MMcf/d over 1,000 metres, demonstrates a steady low declining curve while holding its downhole pressure.
  • This augurs well for the initial development in the Shenandoah South area as these rates continue to track average flow rates seen in the Marcellus Shale basin in the US.”

Falcon Oil & Gas Ltd - Full Year Results

Retrieved on: 
Friday, April 26, 2024
Bank statement, AIM, MD, FOG, National instrument, Cryptocurrency

26 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce its financial results for the year ended 31 December 2023.

Key Points: 
  • 26 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce its financial results for the year ended 31 December 2023.
  • The following should be read in conjunction with the complete audited financial statements and the accompanying Management’s Discussion and Analysis (‘’MD&A’’) for the year ended 31 December 2023.
  • Debt free with cash of $8.0 million at 31 December 2023 (31 December 2022: $16.8 million).
  • These filings are available for review on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca .

Falcon Oil & Gas Ltd - Binding Term Sheet for Gas Sales Agreement to supply pilot gas to the Northern Territory Government

Retrieved on: 
Tuesday, April 23, 2024
APA, Consumer, Agreement, Binding, Amadeus Gas Pipeline, AIM, CPI, Oil, User experience, FID, GSA, AGP, FOG, BJV

Falcon Oil & Gas Ltd.

Key Points: 
  • Falcon Oil & Gas Ltd.
    23 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Beetaloo Joint venture (BJV) has signed a Binding Agreement for a long-term Gas Sales Agreement (GSA) to supply the Northern Territory Government (Buyer) with 14.6 PJ (13.8 BCF) per annum from the proposed Shenandoah South Pilot Project for an initial term of nine years, with a Buyer’s option to extend for a further six-and-a-half years.
  • Details of the Binding Agreement are as follows:
    Gas will be delivered to the APA-owned Amadeus Gas Pipeline (AGP) on a take-or-pay basis at a market-competitive gas price, escalating at 100% of the Consumer Price Index (CPI).
  • The Buyer’s extension option is at a slightly discounted price.
  • Falcon Oil & Gas Australia Limited holds a 5% working interest in the 51,200-acre area that will include the wells required to deliver the proposed Pilot Project volumes.

Falcon Oil & Gas Ltd - Results of Fundraising

Retrieved on: 
Monday, April 22, 2024
ACT, RESPECT, THIS, FOG, Daly Waters, Fundraising, AIM, FCA, ANY, WERE, Beetaloo, Book building, TSX Venture Exchange, WITH, AS, EUROPEAN UNION, Indian stock exchange, VIA, Subscription business model, Cryptocurrency

Falcon Oil & Gas Ltd (AIM: FOG, TSXV: FO.V), the international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, is pleased to confirm the results of the proposed Fundraising announced by the Company on 18 April 2024.

Key Points: 
  • Falcon Oil & Gas Ltd (AIM: FOG, TSXV: FO.V), the international oil and gas company engaged in the exploration and development of unconventional oil and gas assets, is pleased to confirm the results of the proposed Fundraising announced by the Company on 18 April 2024.
  • As previously announced, alongside the Fundraising, Falcon Oil & Gas Australia Limited (“Falcon Australia”) has agreed to grant Daly Waters Energy, LP (“Daly Waters”) and a major US-based energy industry service provider overriding royalty interests (“ORRIs”) over Falcon Australia’s working interests in the Beetaloo Sub-Basin exploration permits in return for cash payments of US$3 million and US$1 million, respectively.
  • Thomas Layman, a Director of the Company, participated in the Fundraising.
  • The number of New Common Shares conditionally subscribed for by him pursuant to the Subscription, and his resulting shareholding on First Admission, is set out below:

Falcon Oil & Gas Ltd - Proposed Fundraising and grant of ORRIs to raise gross proceeds of approximately $8.5 million (£6.8 million)

Retrieved on: 
Thursday, April 18, 2024
ACT, Permian, Sasol, RESPECT, Tanumbirini, IP30, JV, THIS, FOG, Person, Fundraising, Bookrunner, AIM, FCA, Attention, ANY, WERE, Admission, Book building, Origin Energy, Issue, WITH, AS, Porosity, Place, Sale, EUROPEAN UNION, Pioneer Natural Resources, Announcement, Indian stock exchange, VIA, Holding company

Completion of the grant of the ORRIs is subject to agreement of final legal documentation and to submission to the Northern Territory Government, Australia for registration.

Key Points: 
  • Completion of the grant of the ORRIs is subject to agreement of final legal documentation and to submission to the Northern Territory Government, Australia for registration.
  • Falcon is an international oil and gas company focused on the exploration and appraisal of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary.
  • In 2020, Falcon Australia farmed down a further 7.5% and Origin agreed to increase the gross cost cap of the work program by A$150.5 million (c.US$97 million) to A$263.8 million (c.US$170 million).
  • PE was acquired for over US$7 billion by Pioneer Natural Resources Company (“Pioneer”), itself a leading independent oil and gas company.

Falcon Oil & Gas Ltd. - Notice of AGM

Retrieved on: 
Friday, April 12, 2024
Conrad Hotels, AIM, Earlsfort Terrace, FOG, Q&A

12 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG,) announces that its Annual General and Special Shareholder meeting will be held at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 18 June 2024 at 11:00 a.m. (Dublin time).

Key Points: 
  • 12 April 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG,) announces that its Annual General and Special Shareholder meeting will be held at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 18 June 2024 at 11:00 a.m. (Dublin time).
  • Falcon will conduct a Q&A via the Investor Meet Company platform later that day for those unable to attend the meeting in person, details will be announced in due course.

Anue Water Technologies Adds Four New Channel Partners to Serve Wastewater Treatment Customers in California, Nevada, Illinois, Michigan, Iowa, Nebraska, Ontario and the Maritime Provinces

Retrieved on: 
Thursday, April 18, 2024
Building Systems, Chemicals, Plastics, Construction & Property, State, Local, Energy, Manufacturing, Technology, Nanotechnology, Other Natural Resources, Public Policy, Government, Natural Resources, Urban Planning, Science, Other Science, Utilities, Engineering, The Maritimes, Water, Corrosion, FOG

Anue Water Technologies, a leading manufacturer of cost-saving Oxygen and Ozone infusion systems and other sustainable water treatment solutions for municipal and industrial odor and corrosion control throughout North America , announces the addition of four new channel partners to better serve municipal and industrial wastewater treatment customers in California, Nevada, Illinois, Michigan, Iowa, Nebraska, Ontario and the Maritime Provinces of Canada.

Key Points: 
  • Anue Water Technologies, a leading manufacturer of cost-saving Oxygen and Ozone infusion systems and other sustainable water treatment solutions for municipal and industrial odor and corrosion control throughout North America , announces the addition of four new channel partners to better serve municipal and industrial wastewater treatment customers in California, Nevada, Illinois, Michigan, Iowa, Nebraska, Ontario and the Maritime Provinces of Canada.
  • These channel partners are well-established regional experts in municipal and industrial wastewater, odor, corrosion and FOG control in the following States and Provinces:
    There are now channel partner companies representing Anue’s products in all 50 of the United States and all the Canadian Provinces.
  • According to Anue COO Greg Bock, “We are proud to be working with these four excellent companies who are longtime experts in wastewater treatment and now represent Anue’s sustainable and onsite H2S odor, corrosion and FOG solutions , saving municipalities and industrial customers money and labor versus unreliable and costly chemical deliveries.”

Falcon Oil & Gas Ltd - Shenandoah South - 1H well IP60 Day Flow Rates of 3.0 MMcf/d (normalised to 6.0 MMcf/d)

Retrieved on: 
Tuesday, March 26, 2024
EUR, Pressure, JV, FOG, Beetaloo, IP90, AIM, Oil

26 March 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 1H (SS-1H) well in EP117 achieved above commercial IP60 flow rate of 3.0 MMcf/d (normalised to 6.0 MMcf/d over 1,000 metres).

Key Points: 
  • 26 March 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 1H (SS-1H) well in EP117 achieved above commercial IP60 flow rate of 3.0 MMcf/d (normalised to 6.0 MMcf/d over 1,000 metres).
  • Flow testing of the SS-1H well will continue for the next 30 days to achieve average IP90 flow rates to better determine the well’s estimated ultimate recovery per well (EUR).
  • The project is expected to require six 10,000-foot development wells initially to achieve plateau production of 40 MMcf/d.
  • This augurs well for the initial development in the Shenandoah South area as these rates continue to track average flow rates seen in the Marcellus Shale basin in the US.”

Falcon Oil & Gas Ltd. - Stellar IP30 Day Flow Rates Advances the Beetaloo to Pilot Development

Retrieved on: 
Monday, February 26, 2024
IP30, IP90, Sand, AIM, EUR, JV, Beetaloo, Porosity, FOG, Water, Oil

The IP30 flow test extrapolates to ~19.5 MMcf/d for proposed future 10,000-foot (3,000 metres) development wells, in line with some of the highest flow rates achieved in the US Marcellus shale.

Key Points: 
  • The IP30 flow test extrapolates to ~19.5 MMcf/d for proposed future 10,000-foot (3,000 metres) development wells, in line with some of the highest flow rates achieved in the US Marcellus shale.
  • Flow testing of the SS-1H well will continue for the next 60 days to achieve average IP90 flow rates to better determine the well’s EUR.
  • The Beetaloo JV Partners of Falcon and Tamboran B2 Pty Limited will now progress development plans for the proposed 40 MMcf/d Pilot Project at the Shenandoah South location.
  • “The IP30 flow rate announced today of 3.2 MMcf/d, normalised to 6.4 MMcf/d over 1,000 metres, are truly stellar and mark a major turning point in the Beetaloo Basin.

Falcon Oil & Gas Ltd. - Beetaloo Update and Investor Q&A

Retrieved on: 
Monday, February 19, 2024
FOG, Q&A, AIM, Cryptocurrency

19 February 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Philip O’Quigley, Falcon’s CEO, will conduct a Q&A via the Investor Meet Company platform on 26 February 2024 at 4:00pm (London time).

Key Points: 
  • 19 February 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Philip O’Quigley, Falcon’s CEO, will conduct a Q&A via the Investor Meet Company platform on 26 February 2024 at 4:00pm (London time).
  • The event is open to all existing and potential shareholders.
  • Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00am (London time) on Friday 23 February or at any time during the live presentation.
  • Investors can sign up to Investor Meet Company for free and add to meet Falcon Oil & Gas Ltd. via:
    Investors who already follow Falcon Oil & Gas Ltd. on the Investor Meet Company platform will automatically be invited.