IP30

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. - 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. - Commencement of Initial Production Testing at Shenandoah South 1H

Retrieved on: 
Monday, January 29, 2024
IP30, AIM, FOG

29 January 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of the 30-day initial production (IP30) testing at the Shenandoah South 1H (“SS1H”) well in EP117, operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.

Key Points: 
  • 29 January 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the commencement of the 30-day initial production (IP30) testing at the Shenandoah South 1H (“SS1H”) well in EP117, operated by Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran B2 Pty Limited.
  • For normal operational reasons, the SS1H well was shut-in for a three week soak period and was successfully re-opened on 25 January 2024.
  • The aim of soaking was to allow for sufficient stimulation fluid to be absorbed by the shale, increasing the relative permeability to gas of the formation and enhancing future production performance.
  • The IP30 test has now commenced, and results are expected by the end of February 2024.

Falcon Oil & Gas Ltd. - Successful Completion of SS1H Stimulation Program

Retrieved on: 
Thursday, December 7, 2023
IP30, Foot, Beetaloo, Weather, AIM, Oil

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”).

Key Points: 
  • 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”).
  • 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.

Falcon Oil & Gas Ltd - Beetaloo Operational Update

Retrieved on: 
Monday, November 27, 2023
Risk, IP30, AIM, Beetaloo, FOG, Tanumbirini, Weather, Oil

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.

Key Points: 
  • 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.
  • 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.
  • On completion of the stimulation campaign, production tubing will be installed ahead of expected flowback of stimulation fluid and gas breakthrough.
  • We will continue to update the market as results become available.”

Falcon Oil & Gas Ltd. - Beetaloo Operational Update

Retrieved on: 
Monday, October 30, 2023
IP30, AIM, Amungee Mungee, Foot, Shenandoah, Beetaloo, Powder metallurgy, Oil

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.

Key Points: 
  • 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.
  • Formation pressures at SS1H were monitored for over 20 days and analysed to provide a pore pressure prediction for the area.
  • 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.

Belden Launches Lite Managed Switches and New Hirschmann Operating System

Retrieved on: 
Wednesday, October 18, 2023
Mobile, Wireless, Networks, Internet, Hardware, Electronic Design Automation, Consumer Electronics, IOT (Internet of Things), Technology, Semiconductor, Security, Audio, Video, Other Technology, Telecommunications, IP30, Power over Ethernet, CLI, NYSE, IEC, Food, JSON, International Electrotechnical Commission, Maintenance, Media Redundancy Protocol, Gigabit Ethernet, Hirschman, SNMP, RSTP, Power, Inc., Ethernet Ring Protection Switching, Belden Incorporated, ERPS, BDC, Airport, Simple Network Management Protocol, MRP, Automation, Video game, Online shopping, Internet service provider, Ethernet

Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure and digitization solutions, today announced the launch of its LEMUR Lite Managed Switch Family and Hirschmann Entry Operating System (HiEOS).

Key Points: 
  • Belden Inc. (NYSE: BDC), a leading global supplier of network infrastructure and digitization solutions, today announced the launch of its LEMUR Lite Managed Switch Family and Hirschmann Entry Operating System (HiEOS).
  • The new, cost-optimized LEMUR managed switches provide powerful features, including advanced security and full Gigabit Ethernet, to support today’s complex automation environments.
  • Running on LEMUR switches, HiEOS offers essential Layer 2 managed switching capabilities – like port control, remote diagnostics and PoE/PoE+ options.
  • For more information on the new LEMUR Lite Managed Switch Family, please visit: www.belden.com/products/industrial-networking-cybersecurity/managed-swit... .

Falcon Oil & Gas Ltd. - Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well

Retrieved on: 
Monday, October 16, 2023
HP, FOG, NYSE, Cavendish, Technische Universität Darmstadt, Amungee Mungee, H&P, Beetaloo, Falcon, Helmerich, IP30, AIM, Helmerich & Payne, TD, Oil

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.

Key Points: 
  • 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.
  • Falcon is pleased to announce the appointment of Tennyson Securities as joint broker, alongside Cavendish Securities Plc (“Cavendish”) Falcon’s current broker.

Lycos Energy Inc. Announces Strategic Acquisition of Durham Creek Exploration Ltd. and $25 Million Equity Financing

Retrieved on: 
Wednesday, September 13, 2023
LLP, NOT, TSX Venture Exchange, FOR, SEC Rule 144A, GP, Stikeman Elliott, Swimming, Underwriting, Public expenditure, IP30, Prospectus, WIRE, Duckworth, Offering, NEWS, WTI, WCS, Court of King's Bench of Alberta, DCEL, Rex, Oil, Fine chemical, Airline, Sales, Security (finance), Financial services, Insurance, Lycos, Acquisition

CALGARY, Alberta, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Lycos Energy Inc. ("Lycos" or the "Company") (TSXV: LCX) is pleased to announce that it has entered into a definitive agreement (the "Acquisition Agreement") today to acquire Durham Creek Exploration Ltd. ("DCEL"), a privately-held, arm's length, heavy oil producer, by way of a plan of arrangement for total consideration, prior to adjustments, of $22.5 million (the "Acquisition"), consisting of $12.5 million in cash and 2.8 million common shares of Lycos (“Lycos Shares”) at a deemed price of $3.55 per Lycos Share.

Key Points: 
  • Increases Tier 1 Mannville inventory (Rex, Waseca, GP and Cummings) by 77% to 55 total net locations.
  • Tier 1 locations have an expected payout period of less than 6 months and an NPV-10% of $5.5 million(1).
  • National Bank Financial Inc. is acting as exclusive financial advisor to Lycos with respect to the Acquisition.
  • Stikeman Elliott LLP is acting as legal counsel to Lycos with respect to the Acquisition and the Offering.

Murphy Oil Corporation Announces Second Quarter 2023 Financial and Operating Results, Strategic Portfolio Repositioning

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Energy, Marketing, Natural gas, Sustainability reporting, Telephone, Tax, Paon DP, GAAP, CALL, Internet, Longclaw, Acquisition, Montney, British Columbia, ESG, Terra Nova, National Oil Corporation, News, NYSE, Maintenance, Wildfire, Athabasca Oil Corporation, AECO, MP, MUR, NCI, Murphy Oil, Government, IP30, Sustainability, Rystad Energy, Depreciation, PSC, Duvernay, Placid, EDT, Public expenditure, CAPEX, EBITDA, Eagle Ford Group, Saxons, Cryptocurrency, Management, Uranium mining, Bookkeeping, Renewable energy, Commercial property, Pharmaceutical industry, Petroleum, Satellite navigation device, Gulf of Mexico, Block, John E. Simonett, Chinook, Murphy, Cholula

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

Key Points: 
  • Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.
  • Second quarter production averaged 184 MBOEPD and consisted of 54 percent oil volumes, or 99 MBOPD.
  • The transaction has a March 1, 2023 effective date, with closing anticipated to occur in the third quarter of 2023.
  • Murphy accrued a total of $32 million in acquisition-related costs during the quarter, which will be paid in third quarter 2023.