FTSE 100 closes higher as Wall Street surges; sterling eases
FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
Company
LON:FOG
Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the acquisition, exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.
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FTSE 100 closed higher, as did it mid-cap cousin, FTSE 250
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
Sentiments were significantly lifted late March as a scientific report concluded that fracking risks could be managed in Australia's Northern Territory but the regional government has yet to decide on the future of fracking
Investments and investor services
The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
Two Irish oil execs will be celebrating this Easter weekend after a breakthrough week for their respective companies.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Tuesday
The report's findings are intended to inform a decision by the Northern Territory government which put a moratorium on fracking in 2016
In the currency markets, the pound shed 0.17% against the Euro, and lost 0.46% against the US dollar
Proactive takes a look at the news from the small-cap oil and gas sector
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of today's top risers and fallers in London
As a long awaited final report on fracking in the Northern Territory looms, Falcon's partner Origin Energy has detailed further upside potential for future shale wells at the Beetaloo project
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
The index of blue-chip shares eased off a little in the final half-hour
It was another busy week London's oil and gas sector.
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A glance at some of the day's highlights from the Proactive Investors newswire
“We see Falcon as a near pure option on what could prove to be a very large, economic gas resource with long-dated strategic appeal"
Falcon is sitting on a major shale discovery in the Beetaloo basin, but, it is waiting for the Northern Territory to green-light fracking - with a decision expected next year.
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A glance at some of the day's highlights from the Proactive Investors newswire
The trading update was short and sweet. Liberum responded by increasing its target price.
The report’s overall conclusion states that “the challenges and risks associated with any onshore shale gas industry in the NT are manageable”
Robert Walters sprang a pleasant surprise on the market with an unscheduled trading update.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers today in London
Review into proposals to frack vast shale resources in the Beetaloo basin is presently underway, in the meantime Falcon said it has adopted strict cost management.
Around 3.10pm, the FTSE 100 index was down about 6 points at 7,411, below the day’s peak of 7,425.19, but above the low of 7,389.54
It is now expected that a draft final report will be published in mid-December, and as a result the final report itself will now not be published until March
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A glance at some of the day's highlights from the Proactive Investors newswire
Falcon was debt free and had US$9.7mln of cash at the end of the half
The FTSE dipped 6 points to 7,401 points after Janet Yellen left monetary policy out of her Jackson Hole speech
Origin Energy, Falcon's partner in Australia, has welcomed a preliminary report from a scientific inquiry that will inform a decision on fracking in the Northern Territory.
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A galnce at thestories on teh Proactive Newswire today
Falcon said it ended its first half in a strong financial position, with US$10.1mln of cash and no debt.
BP saw its first-quarter profits jump by more than expected, while Shell also put up big numbers.
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A reverse takeover of Opera Investments is the method for the deal with the name of the company to be changed to Katoro Gold PLC to reflect the new business focus.
Telit Communications shares have fallen after announcing a fundraising while Diversified Gas & Oil has gained on acquisition news
Origin’s stake in the project doubles to 70% while Falcon retains its 30% stake and all of its entitlements from the 2014 farm-out deal.
London's top tier index rose 22 points to 7,270.88 at 2.38pm after a better-than-expected US non-farm payrolls report
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A look back at the week’s highlighted news for junior oilers
Falcon’s partner Origin Energy will complete a nine well exploration and appraisal programme, if the moratorium is lifted.
Green light or fracking ban: Falcon has had great success but the future is binary (and politically charged).
Small caps need action because investors need opportunities to speculate
Successful wells have so far proved up some 6.6 TCF of contingent resources – which amounts to 1.94 TCF net to Falcon.
Main share price risers and fallers in London around 3.30pm include Falcon Oil, Cap-XX
London-listed Falcon Oil & Gas is sitting on a potentially huge shale gas resources, but, progress is presently held up by a temporary moratorium on shale gas projects.
Some of the largest share price rises and falls in London at 3.45pm: GoTech, North River, PCG Entertainment
Falcon shares are up some 180% following the release of a major discovery and resource report for its breakthrough Australian shale project.
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A look at the world of junior oil and gas stocks this week
Here, we feature questions and answers that provide valuable insights to the Beetaloo shale project, and what investors can expect in the coming months.
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Also featured: AFC, Ferrum Crescent, Galileo, Kibo, Lansdowne Oil, Metal Tiger, Netscientific, Powerhouse, REM, ReNeuron, Tern
Malcolm Graham Wood described as a 'colossal' potential discovery
WH Ireland said: "In our opinion, the scale of the resource is much greater than we had anticipated..."
Origin put a gross best estimate of gas in place at a world-class 496 trillion cubic feet for the acreage
Some of London's largest risers and fallers around 2.30pm included insurer Prudential, and small caps Metal Tiger and Falcon Oil & Gas ...
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
Citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet. Converting that to oil equivalent, it st
Pre-drill estimates for Lincoln suggested it was host to 250 million ‘recoverable’ barrels of crude. Hurricane says after early analysis that figure looks conservative.
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A glance at some of the stories on the Proactive newswire today
Philip O'Quigley, Falcon’s chief executive, said the results were a significant milestone in the exploration programme
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Elsewhere, Haydale Graphene agrees a development deal with Araldite maker; Akers Biosciences hails its “highly successful” diabetes trial; Tissue Regenix signs it first European distribution agreements; plus much more…
The significant new shale discovery was confirmed in October, but a moratorium on fracking means Falcon and its partners are playing a waiting game.
“This declaration of discovery is a huge leap forward, so it is terribly exciting,” chief executive Philip O'Quigley said.
FTSE 100 shares closed near their nadir of the session on Wednesday, after US markets were unable to offer any respite from sterling hitting a 168-year low on continued Brexit woes
Philip O’Quigley, Falcon chief executive, described the filing with the Australian authorities as an “exciting development”.
A round-up of small-cap stories on the Proactive newswire today
Flynne, Falcon's financial controller since 2014, is stepping up to take the role of chief financial officer.
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Weekly round up of the top headlines from the world of oil
Daily round up of headlines from the Proactive news desk.
“Preliminary results of the first horizontal exploration well in the Beetaloo are very encouraging," said chief executive Philip O'Quigley.
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The weekly round up of oil news from the world of Proactive.
Serial small cap promoter David Lenigas gets behind Premier African, Falcon Oil & Gas reports “excellent gas shows”, and slot machine software group Quixant hits the jackpot with half-year results.
Premier African rose sharply after the company told investors it has started work on a 20-hole diamond drill project at its Zulu lithium project in Zimbabwe
Falcon encountered “significant net pay” in the Middle Velkerri formation and Lower Kyalla formation of the Beetaloo W-1 well
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A round up of the oil headlines from the world of Proactive.
Versarien funds a push into graphene-related technologies, Epistem Holdings has been renamed Genedrive and Amur Minerals PLC updates on progress at the giant Kun-Manie nickel project in Russia.
“We look forward to updating the market on both of these key operations as information becomes available," said CEO Philip O'Quigley.
Amungee NW-1H, drilled last year, in Australia’s Beetaloo shale basin, is being re-entered so that can be fracked and tested.
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The weekly round up news and updates from the world of oil
The oil and gas company says it expects be awarded the exploration right over the Karoo Basin acreage before the end of the year
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The weekly round up of oil industry news from Proactive.
Here, we take a look at some of London’s high profile oil stocks on most investor’s watch lists as the recovery in crude prices near US$50 per barrel.
We take a closer look at Falcon Oil & Gas and the upcoming drill and frack programmes in Australia's Beetaloo Baisn,
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A summary of small cap oil and gas company news released in the past week
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The round-up of all the news from mining, oil & gas from the world of Proactive.
The numbers came out just a day after a comprehensive technical and operational update.
Sphere Medical is on track to meet its goals this year, a further boost for superbug antibiotic and Petropavlovsk announces an acquisition and joint venture.
“Falcon's shareholders can look forward to another exciting year of exploration activity which has the potential to transform the value of your company,” chief executive Philip O’Quigley said.
Falcon Oil & Gas is at the advanced stage of preparing for a new drill programme in Australia.
The Australia, South Africa and Hungary-focused group said drilling preparations were at an advanced stage
Investments and investor services
Here are the small cap news highlights for Tuesday December 22.
JoAchim Conrad, who has extensive international experience in gas operations has become chairman at Falcon Oil & Gas replacing John Craven.
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Lots of news from the energy sector, but pride of place goes to 88 Energy.
NIS, which is part owned by Gazprom, agreed to pay the money in fulfilment of its contractual obligations.