As you can see, the Chevron/Beach Energy deal valued at $844 / acre. The Falcon/Origin/Sasol deal is in the same category. I added the Falcon deal to the chart. By the way Falcon should do so in their next Presentation. So, 4,000,000 acres x $844 = 3.38 billion dollars, 30% of that is 1.01 billion dollars. By using Falcon's own criteria Falcon's present value in the Beetaloo is just slightly over $1.00 dollar.
It doesn’t take a Mensa member with an IQ of 200 to figure out what the backroom boys are up to. For weeks, just to get their grubby hands on your investment, they tried to drive the stock price into the ground to no avail
But then, in January 2013 Falcon announced that an independent technical audit indicated a significant Increase in prospective resources in the Australian assets. Actually 100 TCF more gas and 3 billion barrels more of oil than the previous estimates have indicated.
Actually, my $1.35 risked valuation is very conservative. As you said, the market values 1 trillion cubic feet of gas at about 1 billion dollars in NorthAmerica, wherethe price of natural gas is averaging around $3.50 per thousand cubic feet.
Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources.
Falcon is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources
THE little-known Beetaloo Basin, 600km south of Darwin, is about to have the spotlight descend on it as US oil company Hess finalises a $US60 million ($55.6m) deal to explore there, and a US oilman with a lengthy interest in the region gears up for an Australian float focused on surrounding permits.
Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about BHP Billiton, Sasol and Shell's exploration and 'fracking' for shale gas.
Current development targets include the European shale basins of the Baltic Basin in Poland, Lower Saxony Basin in Germany, Makó Trough in Hungary, East Paris Basin in France, Weald Basin in England, Vienna Basin in Austria, and Cambrian Alum Basin in Sweden.