More players are vying for ground outside of Falc
Post# of 71
Posted On: 05/15/2015 3:03:58 AM
More players are vying for ground outside of Falcon's land holdings in the Beetaloo. This time it is Pangaea Resources with exploration permits to the North West of Falcon's lands with maybe some assistance by Chesapeake Energy's founder. This Proactive article - http://www.proactiveinvestors.co.uk/companies...80362.html -
talks about GMP securities having Falcon as it's Top Exploration Pick for 2015. For anyone in Europe not familiar with GMP Securities - it is a very well respected boutique brokerage out of Toronto with offices in New York and elsewhere.
Here is a link to map of the McArthur and Beetaloo area showing Falcon's permits (EP 98, 117, and EP 76) in the darker color and Pangaea's proposed permits being EP 167, and EP168 to the North West. Santos properties in a JV with Tamboran Resources, where they have had excellent reports on the gas shows and TOC levels in the Velkerri formation from their Tanumborini #1 well, is shown on the map to the North East as EP 161. The Inpex properties, being the released/excess holdings of Falcon's, are to the direct West of the current Falcon holdings. This is really significant for Falcon shareholders going forward - as the best of the Beetaloo properties are most likely where the Basin is centered which is in the middle of the Falcon lands. However, the area is now so prospective that we have major players willing to spend many $millions to see if the properties surrounding the Basin center are in play as well. This will only help drive the whole region forward with better services and lower drilling costs in the longer run, much like it has done in the major basins in the USA.
http://www.dcm.nt.gov.au/__data/assets/pdf_fi...ial_nt.pdf
talks about GMP securities having Falcon as it's Top Exploration Pick for 2015. For anyone in Europe not familiar with GMP Securities - it is a very well respected boutique brokerage out of Toronto with offices in New York and elsewhere.
Here is a link to map of the McArthur and Beetaloo area showing Falcon's permits (EP 98, 117, and EP 76) in the darker color and Pangaea's proposed permits being EP 167, and EP168 to the North West. Santos properties in a JV with Tamboran Resources, where they have had excellent reports on the gas shows and TOC levels in the Velkerri formation from their Tanumborini #1 well, is shown on the map to the North East as EP 161. The Inpex properties, being the released/excess holdings of Falcon's, are to the direct West of the current Falcon holdings. This is really significant for Falcon shareholders going forward - as the best of the Beetaloo properties are most likely where the Basin is centered which is in the middle of the Falcon lands. However, the area is now so prospective that we have major players willing to spend many $millions to see if the properties surrounding the Basin center are in play as well. This will only help drive the whole region forward with better services and lower drilling costs in the longer run, much like it has done in the major basins in the USA.
http://www.dcm.nt.gov.au/__data/assets/pdf_fi...ial_nt.pdf
(0)
(0)