Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
You ask whether Falcon will be sold next summer, I think it depends on the success of the Kyalla, this will be the turning point (in my mind). Otherwise it looks like we will run into 2022 to maximise what we have... But in times like these, who knows what's around the corner, i'd just like to get my hands on $2 per share, '21 or '22, that will make me very happy! GLA.
If the Kyalla flows well, then would it be possible that this permit area is sold, possibly to Origin, which will enable Falcon / Origin to prove up their other permits in the Beetaloo to maximise the overall selling price?
Thanks for the info, great news for the Beetaloo, it's prospects keep getting better! I'm still nervous about the Kyalla with the risks involved and the unknowns... but it will certainly be a huge step forward if it flows well, and a huge and long awaited relief!! GLA..
Maybe Hydrogen is trading in Canada, though it looks like there is a drop more interest here as we near news from the flow test. The Kyalla 117 is the high risk (for high reward) well, I'm tempted to top up, but always get burnt.. so I'm waiting for flow news, you can always buy Falcon cheaper as Newtofo says! GLA.
Monolith Materials has developed a process that breaks apart natural gas to produce carbon black, commonly used in materials like rubber, as well as hydrogen. In this case, it is combined with nitrogen to create ammonia for a fertilizer.
Their plant will produce 275,000 tons of ammonia per year, in addition to 180,000 tons of carbon black.
If Hydrogen is the energy of the future, and fantastic byproducts such as carbon black can also be developed, this will go a long way towards securing the future of the Beetaloo for a long long time to come.
The Justice Pepper enquiry was extremely thorough and went to length to put actions and procedures in place to address the concerns of the local Aboriginal population. This is likely just another desperate attempt to try and delay progress, everyone had their opportunity to raise any concerns during the enquiry.
Beetaloo Basin gas fracking wells to be challenged by new Aboriginal corporation in bid to protect environment. Looks like this is another challenge ahead for us in the Beetaloo.
https://www.abc.net.au/news/2020-09-25/beetaloo-gas-development-lands-council-asked-to-withdraw/12701878
Falcon should buy the block of shares, and give the share holders the option of purchasing a number at the discounted price. The time and the price is right, and we could easily absorb the shares between all shareholder's.
Thanks for the news, great to hear from Origin, POQ will undoubtedly be busy with press releases over the coming months.
Initial results from this are expected by the end of the year, with full results in the first quarter of 2021.
https://www.originenergy.com.au/about/investors-media/media-centre/beetaloo_exploration_program_resumes.html
Yes, who actually believed their update and sold out.. not many I bet as for anyone with half a brain could see that the future was beginning to looking very optimistic for WH, and we still have a great ride ahead of us.. enjoy! GLA
£30 Million Contract win, Kier are certainly in the right place with all the large public sector contracts. This market is the one to be in at the moment and kier's winning a good share. Profits should start to roll in over the next few years.. this could be the bargain of the decade!!
https://www.constructionenquirer.com/2020/09/08/kier-wins-30m-semiconductor-research-hub/
Thanks for the link, great to be hearing positive news again. A major gas industry in the Beetaloo Basin where methanol and hydrogen will be produced. I believe Hydrogen development will be the real deal in the future, and this forward thinking will be what attracts the big players wanting to the ability to turn green and set up in an amazing country with the big Asian markets on their doorstep. Beetaloo has a great future! GLA.
2020 financial highlights and other financial updates
Strong financial position, debt free with cash of US$11.8 million at 30 June 2020 (31 December 2019: US$13.1 million).Continued focus on cost management and the efficient operation of the portfolio.On 7 July 2020 Falcon Australia agreed to a further extension of the call option up to and including 30 April 2022 (“Additional Extension”), to acquire it’s 22.5% portion of the 2% ORRI from the TOG Group. Following confirmation of registration of the Additional Extension from the Northern Territory government Falcon Australia will pay US$150,000 to the TOG Group for granting the Additional Extension, with the cost of exercising the call option increasing from US$5.625 million to US$6 million.
Thanks Buckeye for your insight, and on the subject of Staying Safe, we haven't heard from Poods for a while. He would surely have some comments to make on the subject of Phillips and Anne's earnings and the benefits of a reverse split. I hope that he is safe and well. Here's to a prosperous journey for us all over the next few weeks.