Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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New development.


Present value still $10.00




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2022-03-31 02:00 ET - News Release 

Falcon Oil & Gas Ltd.
("Falcon" or the "Company")

US$10 million Private Placement with US Strategic Investor
US$6 million Acquisition of Overriding Royalty Interest


31 March 2022 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that it has received a subscription from Sheffield Holdings LP ("Sheffield") for a US$10 million private placement through the issue of 62,500,000 Common Shares ("the Placing Shares") at a price of CAD$0.20 per share ("the Placing"). Following the placement Sheffield will hold a total of 90,443,607 Common Shares of Falcon, representing 8.66% of Falcon's issued and outstanding Common Shares.

Falcon Oil & Gas Australia Limited ("Falcon Australia") has also agreed to grant Sheffield a 2% overriding royalty interest ("ORRI") over Falcon Australia's 22.5% working interest in the Beetaloo Sub-Basin exploration permits in return for a cash payment of US$6 million. The 2% ORRI is being granted to Sheffield calculated on equal economic terms as the existing 3% ORRI with the TOG Group. The cash proceeds of US$6 million will be used to exercise Falcon Australia's call option to reduce the existing ORRI with the TOG group from 3% to 1%, which is expected to take place before 30 April 2022. The assets subject to the ORRI are not currently revenue generating and there are no profits or losses attributable to them. These changes to the ORRI's, will be submitted to the Northern Territory Government, Australia for registration.

Details of the Placing
The completion of the Placing is subject to approval of the TSX Venture Exchange. A further update on Admission will be provided in due course. The Placing Shares will not trade on the TSX Venture Exchange Market until the date that is four months and a day after the day of issuance. The Company's total issued share capital following Admission will be 1,044,347,425 Common Shares. The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this Announcement this inside information is now considered to be within the public domain.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United State or to, of for the account or benefit of, U.S. persons absent registrations or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in which such offer, solicitation or sale would be unlawful.

Use of Funds
The Placing will add US$10 million to the Company's cash balance of US$8.4 million as at 28 February 2022, which leaves Falcon in a strong financial position well ahead of future decisions on the Beetaloo project.

Philip O'Quigley (CEO of Falcon) commented:
"Falcon is very pleased that Bryan Sheffield of Sheffield Holdings LP has increased his strategic stake in the Company at this time. Bryan 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."

Bryan Sheffield of Sheffield Holdings LP commented:
''Falcon and its partner have the largest acreage (4.6 million acres) position centred over the Beetaloo Sub-Basin. The Beetaloo is emerging as a world class shale gas basin with stacked pay potential from several shale intervals. Flow tests from the B Shale of the Amungee Member have confirmed a productive dry gas system in place. Geologic and engineering data from test wells across the Sub- basin have similar properties to some of the highly successful shale gas plays in the United States. The Beetaloo Sub-Basin is still in the exploration and appraisal phase, but with continued good well results, Falcon is well positioned to become a key supplier of low carbon energy to Australia and to the world within a few short years. I am delighted to have this opportunity to acquire a significant interest in Falcon and gain exposure to their net 1 million acres in what may become one of the biggest shale plays in the world.''

Take away: Do not sell under $10.00

2022-01-25 06:59 ET - News Release 

Mr. Philip O'Quigley reports


Falcon Oil & Gas Ltd. has provided details of the stage 3 work program in the Beetaloo subbasin, Northern Territory, Australia, with its joint venture partner, Origin Energy B2 Pty. Ltd., a wholly owned subsidiary of Origin Energy Ltd.

2022 will see Falcon and Origin progressing to the Stage 3 work programme of the restated Farm-Out Agreement. , which will include the drilling, fracture stimulation and extended production test of two horizontal wells.

Stage 3 Planned Work Programme includes:

  • acquisition of 40 km2 of 3D seismic survey on the Amungee NW-1H well lease area;
  • drilling two 2,000+ metre horizontal wells on the Amungee NW-1H pad, targeting the Amungee Member (formerly knowns as the Middle Velkerri) B Shale;
  • fracture stimulation of both horizontal wells;
  • extended production testing of between 90 and 180 days on each well;
  • follow up core and log analysis of the very encouraging preliminary evaluation of the 2021 Velkerri 76 well results; and
  • further evaluation of the results of the Kyalla 117 N2-1H well to better understand the issues encountered during testing in 2021.

Stage 3 Drilling and 3D Programme Objectives 

  • The acquisition and interpretation of 3D seismic will be used to:
    • plan the drilling of the 2022 wells and any future horizontal wells in the area;
    • optimise horizontal well trajectories; and
    • assess the viability of future 3D surveys in the Basin.
  • The two horizontal wells are being designed to:
    • demonstrate scalability of the Amungee NW-1H results over longer laterals; and
    • establish operational and cost efficiencies by drilling more than one well from the same pad.

Philip O'Quigley (CEO of Falcon) commented: "This is an extremely important period for the Beetaloo Sub-Basin and we are delighted to have confirmed a high-impact, extensive and really exciting work programme for the joint venture.

We will be focusing our attention on the Amungee Member B Shale, following the 2021 results at Amungee NW-1H, which suggested a normalised gas flow rate equivalent to around 5,000 Mscf/d per 1,000m of horizontal section; a potentially commercial flow rate. Falcon remains largely (circa 75%) carried for 2022, with the balance of costs being funded from existing resources. Positive results here will provide a further line of sight to the commercialisation of the Beetaloo and could lead to a pilot development program in 2023. Confirmation on the commencement on the Stage 3 work programme will be provided in the coming months as scheduling is refined.

In addition to our own acreage, we also look forward to the gas flow results from the current testing of two wells in the neighbouring Santos-operated EP 161, also targeting the Amungee Member dry gas play. We expect these results to be communicated to the market shortly and believe that these will prove to be another important moment for the nationally significant Beetaloo Sub-Basin."

2021-11-12 09:18 ET - News Release 

Mr. Philip O'Quigley reports


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. 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."

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


Presented by Regulator Watch

Monday, Nov. 30, 2015

Regulator Watch - Regulator Watch

Canadian investors may be shocked to learn that regulators believe the brokerage arms of several of Canada’s biggest banks could be routing Canadian retail investor orders on a wholesale basis to U.S. dealers for execution. The practice could threaten the integrity of Canada’s stock markets and expose the average Canadian investor to predatory high speed trading.

Why is this happening and what are the impacts? Regulatorwatch.com put these questions to executives from Canada’s leading stock exchanges to find out.

Tim Hortons buzz….

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. As Falcon’s drilling programme getting underway, the excited Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy…the analyst consensus having a Buy rating on Falcon Oil & Gas.

  What’s your rating?

-Well boys, what I'm gonna say has nothing to do with rating.

  It’s called advice: Do not sell under $10.00

 Tim Hortons is the place where the ordinary Falconer meets and chats over a coffee.

Again it's another day at Tim's coffee shop. The true Falconers yet again turn to Jimmy the Geek for answers.

-Hey Jimmy...

-I know, I know. Just remember, if you are ready to add more, always buy on the ask side.


As usual the true Falconers are in a heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

And as usual, once again they turn to Jimmy the Greek for advice.

- Hey Jimmy, now that the greedy faceless-backroom-boys forced the share price down to this ridiculously low levels, I have been trying to pick up some shares, but no cigar. Why is that?

-Obviously you are trying to buy on bid side. The backroom-boys put you in the back of the queue. That's how they protect their pool on the ask side. Haven't you noticed that the ask side does't change at all, and yet tens of thousands move to the bid side. And then they move the bid and ask down a notch. However they are counting on your greediness and usualy you do the same. This way they can manipulate the stock price down to the levels that might induce the less knowledgeable investors to sell.

My advice in the scenario like ours is that if you are ready to add more, always buy on the ask side.


Just another day at Tim Hortons. Once again the Falcon group is in heated discussion over the dishonest antics used by the greedy faceless-backroom-boys.

One of them says - lets ask Jimmy the Geek, he's a realy smart guy.

- Hey Jimmy what's with those double talking minions across the pond?

- Well guys, as you all know they are FBB employees, masquerading as investors.

  Usually, when an investment becomes more valuable -as just Falcon did - the FBB goes all out and try to take away from the public as much investment as they can getaway with. So, to achieve their goal, they have to create a state of disllusionment, through spreading negativity and it becomes difficult to stay positive about what once gave you hope and joy, and so on. That's what the minions are for, that's their job. Basket of deplorable people.

Now, I don't give a flying fart what they do, I know my investment and I sleep well, and so should you.



 Everyone is very cheerful at Tim Hortons and dicussing Tuesday's big news from australia. After a while the subject of discussion drifts towards the greedines of the faceless-backroom-boys.

One of them asks Jimmy the Geek, a pretty bright guy.

-Tell us Jimmy, why do these FBB still pretending as if there were real sellers?

- Because it’s the oldest trick in the toolbox. Old as balls!. And that's not all. The London listing is one tenth of the Toronto listing. Then 5 hours ahead of Toronto they knock the price down with fake trades and wait for Toronto to open. And then Toronto follows suit. The truth is that fakery does not work.

 -And do you guys know why doesn't work? Because the FBB just sticking their heads in the sand and are ignorant enough to believe that the 13,000 smart investors are just plain stupid.

No image? Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

So hold and do not selll any of your shares under $4.00

The 13,000 investors are amongst good company!

Rule to long-term investing:

When you find a value stock put it in your portfolio and hold; like Burlingame, like Renova, like Sweetpea, like Persistency, like Nicolas Mathys

When big players are set to acquire a big position in a company, they always employ agents to accumulate the shares on the open market, then months later a transaction will occur between the parties for a healthy profit for the agents. On the other hand the buyer saves a lot of money for not buying it on the open markets.

This is how Burlingame acquired 105,835,269 shares in 2008 and 2009.

Burlingame’s 1st tranche

Burlingame’s 2nd tranche

Burlingame’s 3rd tranche

Burlingame’s 4th tranche

In 2011 Burlingame increased their holding to 125 million shares.

No image? Apparently the manipulators are back. Many thanks to the BackroomBoys to prove just how badly they yearn to possess your Falcon shares. 

So hold and do not selll any of your shares under $4.00

Falcon Oil & Gas Ltd. (LON:FOG) Kyalla 117 N2-1 – Horizonal Drilling Commenced

 abm  December 10, 2019

10 December 2019 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling of the horizontal section of the Kyalla 117 N2-1H appraisal well in the Beetaloo Sub-Basin, Australia has commenced, along with the advancement of the vertical well evaluation.






Drilling of the Kyalla 117 N2-1H horizontal well has commenced

  • The JV has elected to land the horizontal well within the Lower Kyalla shale, at a depth of ~1800mTVD.
  • The horizontal section will be drilled for approximately 1,000-2,000 metres.
  • On completion of drilling, the horizontal section will be fracture stimulated and production tested.

Evaluation of the Kyalla 117 N2-1 vertical well advances

  • Three source rock reservoir (“SRR”) sections are identified within the Kyalla Shale Formation, characterised as the Lower, Middle and Upper Kyalla.
  • The thickness of the entire Kyalla Shale Formation measured almost 900 metres.
  • Gross thickness of each SRR interval is between 75 and 125 metres.
  • Each SRR exhibited elevated gas shows with relatively high C3, C4 and C5 components.
  • Diagnostic fracture injection tests (“DFITs”) were performed on each SRR.

Ongoing analysis of conventional cores acquired in each of the Upper and Lower Kyalla reservoir sections, along with sidewall cores, DFITs and extensive wireline logging, will enable a full-scale evaluation of prospectivity of the Kyalla Formation in the central part of the Beetaloo Sub-Basin.

Philip O’Quigley, CEO of Falcon commented:

“Ongoing evaluation of the of the Kyalla 117 N2-1 vertical appraisal well is very encouraging. The drilling of a 1,000-2,000 metre horizontal well in the Lower Kyalla shale has started and we will continue to update the market as soon as more results become available”.




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