House Positions
posted on
Oct 15, 2021 08:14PM
Developing large acreage positions of unconventional and conventional oil and gas resources
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See You On The Other Side!
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.
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:
Details of Amungee testing:
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."
Take away:
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/#1541158622782-52acf8a2-2f7f
Sooo.. If you Boys want our shares you can start paying $10.00
House Positions for C:FO from 2021-10-15 to 2021-10-15 |
House |
Bought |
$Val |
Ave |
Sold |
$Val |
Ave |
Net |
$Net |
81,300 |
11,382 |
0.14 |
0 |
|
81,300 |
-11,382 |
||
68,000 |
9,520 |
0.14 |
0 |
|
68,000 |
-9,520 |
||
33,000 |
4,620 |
0.14 |
5,000 |
700 |
0.14 |
28,000 |
-3,920 |
|
25,000 |
3,373 |
0.135 |
10,000 |
1,400 |
0.14 |
15,000 |
-1,973 |
|
10,000 |
1,400 |
0.14 |
0 |
|
10,000 |
-1,400 |
||
9,901 |
1,388 |
0.14 |
0 |
|
9,901 |
-1,388 |
||
5,000 |
700 |
0.14 |
800 |
107 |
0.134 |
4,200 |
-593 |
|
380 |
50 |
0.132 |
951 |
135 |
0.142 |
-571 |
85 |
|
0 |
|
10,000 |
1,400 |
0.14 |
-10,000 |
1,400 |
||
29,500 |
4,127 |
0.14 |
51,000 |
7,140 |
0.14 |
-21,500 |
3,013 |
|
99,750 |
13,857 |
0.139 |
121,580 |
16,912 |
0.139 |
-21,830 |
3,055 |
|
21,000 |
3,030 |
0.144 |
183,500 |
25,653 |
0.14 |
-162,500 |
22,623 |
|
TOTAL |
382,831 |
53,447 |
0.14 |
382,831 |
53,447 |
0.14 |
0 |
0 |
So hold and do not sell any of your shares under $10.00
Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares.
.