Falcon Oil - etwas Großes bahnt sich an (Seite 69)

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CAN chart one year.

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London trading!

http://www.lse.co.uk/ShareTrades.asp?shareprice=FOG&share=fa…

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Value of onshore work commitments in the Northern Territories of Australia last updated 17 April 2013.

http://www.nt.gov.au/d/Minerals_Energy/Content/File/pdf/Onsh…

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Falcon Oil & Gas Ltd. Announces Transaction to Reduce the Beetaloo Basin Overriding Royalty in Australia

DUBLIN, IRELAND--(Marketwired - Nov. 1, 2013) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) ("Falcon" or the "Company") announces that its subsidiary, Falcon Oil & Gas Australia Ltd ("FOGA"), has entered into an Agreement with CR Innovations AG ("CRIAG") to acquire its 4% Overriding Royalty Interest ("ORRI") relating to its Exploration Permits in the Beetaloo Basin ("the Agreement").

Transaction details:

●FOGA has made an initial payment to CRIAG of US$999,000 on signing the Agreement
●FOGA to make second payment to CRIAG of US$999,000 to acquire the first 3% of the ORRI.
●Second payment to be made upon completion of a farm-out deal in Australia
●CRIAG has granted FOGA a five year call option to acquire the remaining 1% for US$5,000,000
●All ORRI's acquired under the Agreement will be immediately cancelled by FOGA

Philip O'Quigley, CEO of Falcon commented:

"We are delighted to have negotiated this reduction in the Overriding Royalty on our Australian assets. This transaction should help to further progress our farm-out negotiations, which are at an advanced stage. Together with the significant seismic programme completed last year, this transaction further increases the value of our assets in the Northern Territory."

FOGA is a 98% subsidiary of Falcon and is the registered holder of four Exploration Permits covering seven million acres in the Beetaloo Basin, Northern Territory, Australia.

About Falcon Oil & Gas Ltd.

Falcon is an international oil & gas company engaged in the acquisition, exploration and development of conventional and unconventional oil and gas assets, with the current portfolio spread between Australia, South Africa and Hungary. Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary.

About the Overriding Royalty Interests

The total amount of the private ORRI's is 12%. The ORRI entitles its owners to earn 12% of the gross well head proceeds of any future production, subject only to transportation and marketing costs. CRIAG is the owner of 4% with the balance of 8% being held through a small number of families based primarily in the US. The privately held ORRI's were created during the years 2006 to 2008 when the Exploration Permits were sold by their original owners.

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may constitute forward-looking information, including comments made with respect to when payments due under the agreement will be made. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon's filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Falcon Oil and Gas Ltd.
Philip O'Quigley
CEO
[phone]

Falcon Oil and Gas Ltd.
John Craven
Non-Executive Chairman
[phone]
www.falconoilandgas.com

FTI Consulting
Edward Westropp
[phone]

FTI Consulting
Natalia Erikssen
[phone]

Davy (NOMAD & Joint Broker)
John Frain / Anthony Farrell
[phone]

GMP Securities Europe LLP (Joint Broker)
Rob Collins / Alexandra Carse
[phone]

Cantor Fitzgerald Europe (Joint Broker)
David Porter / Richard Redmayne
[phone]
http://tmx.quotemedia.com/article.php?newsid=63651153&qm_sym…

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Shell video über Karoo vom 05 07 2013
Natural gas that scientists believe is trapped inside rock deep below the surface of South Africa's vast Karoo region could provide substantial supplies of energy the country so greatly needs. So why is opinion so divided on whether it should ever be touched? We follow a team from Shell as they travel across the region and hear the hopes and concerns of locals about energy companies moving in.
http://youtu.be/8uLp0b4aeWI

Thanks Soly.

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Shale gas permitting moving closer in South Africa

DAVY VIEW
Press reports indicate that the South African government intends to issue licences next year that will enable exploration for shale gas in South Africa to commence. This is positive for Falcon, which already holds a Technical Co-operation Permit covering 7.5m acres in the Karoo Basin.

Regulatory progress
Press reports indicate that the Minister of Energy indicated that the licence permits will be issued in the first quarter of 2014. Given the difficulties experienced elsewhere in establishing a regulatory framework to allow exploration of shale gas to proceed, the Minister's comments suggest that the political will exists to at least allow the fraccing industry an opportunity to explore. This is positive.

Falcon well-positioned
Falcon has a technical co-operation permit covering 7.5m acres in the Karoo Basin. In late December 2012, it entered into a technical co-operation agreement with Chevron. The working assumption is that both Falcon and Chevron will be involved when the technical co-operation agreement is converted to a full permit. The commercial terms associated with Chevron's investment in the venture will form an important benchmark for the acreage held by Falcon.

With only 4.8p of our 17.4p per share valuation of Falcon allocated to the South African venture, crystallisation of value in that project should see improved share price performance.

http://www.davy.ie/davy/article.htm?id=Davy_Morning_Equity_B…

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Investment Ratings

Falcon Oil and Gas rating: OUTPERFORM Issued: 28/01/13

We value the stock at 17.4p per share, an estimate that includes a 4.8p contribution for its large South African acreage position. We suspect that the market has for the most part applied only a nominal value to the South African project, so progress in this region should lead to improved price performance.

http://www.davy.ie/davy/article.htm?id=Davy_Morning_Equity_B…

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Oil majors wake up to South Africa's shale potential





Oil majors wake up to South Africa's shale potential

Photo Credit:Reuters/Lucy Nicholson
Companies are buying stakes in the country's natural gas sector after the government relaxed its exploration policy.
Global companies are turning their attention to South Africa's shale gas opportunities.
On September 30, Canadian Natural Resources Limited said it will partner with France's Total S.A. to explore for natural gas in South Africa.
CNRL sold a 50% working interest and the right for Total to operate in an area of 19,000 square kilometers in the Outeniqua Basin, approximately 175 kilometers off the southern coast of South Africa.
"The first exploration well is targeted to be drilled in 2014. In the event of a successful multi-well exploration program to define the prospect and subsequent commercial development, additional consideration will be received," the company said in a statement.
Total and CNRL are just the latest companies attracted by South Africa's deep-water offshore resources as well onshore plays like the Karoo basin.
Other major companies in exploration phase include Royal Dutch Shell Plc., a joint venture between Falcon Oil & Gas and Chevron Corp., a joint-venture between South Africa's Sasol, Chesapeake Energy Inc. and Norway's Statoil SA. Other companies looking to strike natural gas include Australia's Sunset Energy Ltd. and Anglo Coal of South Africa.

SIGNIFICANT GAS RESERVES

South Africa has the eight largest shale gas reserves in the world at 390 trillion cubic feet, according to recent estimates by the US Department of Energy.

While the department reduced the country's shale reserves from an earlier estimate of 485 trillion cubic feet, oil companies have been buying stakes in the country's offshore opportunities after the government lifted a moratorium on drilling last year.
"In South Africa, the prospective area for the three shale formations in the Karoo Basin was reduced by 15% from 70,800 square miles to 60,180 square miles," the energy department said.
"This reduction in the prospective area was largely responsible for the lower South African shale gas resource estimate shown in this report. The Whitehill Shale's recovery rate and resource estimate were also reduced because of the geologic complexity caused by igneous intrusions into that formation."
Shell is keen to extract gas from about 90,000 square kilometers, while Falcon Oil & Gas has received a permit to explore 30,000 square kilometers for gas, an area one and a half times the size of the Kruger National Park. Meanwhile, Sunset Energy has a slightly larger area at 35,000 square kilometers, north-east of the Karoo Basin; and the Cranmere project in the Eastern Cape Province north of Port Elizabeth. Sunset estimates the area has recoverable reserves of up to six million barrels of oil.
In addition, a consortium made up of Sasol, American Chesapeake Energy and Statoil ASA is looking to explore an area similar in size to Shell's - about 88,000 square kilometers, which includes a large portion of KwaZulu-Natal province and most of the Free State, according to Johannesburg-based Econometrix Pty Ltd.
NEED FOR ENERGY

As Africa's largest economy and a net natural gas importer, South Africa is especially attractive to energy developers. Another key incentive for companies is the country's developed mining and manufacturing industries, which could also benefit immensely with the availability of cheap, abundant and clean natural gas.

"South Africa is a net natural gas importer, primarily from neighboring Mozambique and Namibia," said the energy department. "As such, South Africa has given priority to exploration for domestic gas and oil. Shale exploration is initiated via a Technical Cooperation Permit (TCP), which may lead to an Exploration Permit (EP) and eventually to a production contract. The country has a corporation tax of 28% and royalty of 7%, terms that are favorable for gas and oil development."

The move will also allow South Africa to move away from carbon-intensive coal. Electricity production by utility company Eskom is derived from coal resources, which accounts for 81% of generation capacity.
A report by Econometrix estimated that development of shale gas in the Karoo region could help raise the country's growth rate by 3% in a worse-case scenario and as much as 7% in a high-growth case.
The report forecast that, if fully-developed, shale gas could generate sales of ZAR 9.52 trillion (USD 952 billion) over 25 years. In addition, it could create as much as 854,757 jobs, generating ZAR 1.937 trillion (USD 192 billion) per year.
Development of the project would contribute ZAR 2.223 trillion (USD 222 billion) in government revenue -- equivalent to 23% of turnover, or 44% of value added by the project.
A 50 trillion cubic feet resource produces a lifetime value-added contribution equivalent to 239% of 2010's SA GDP or 69% of the value of the projected GDP in 2035.



REDUCING ENERGY POVERTY

The availability of shale gas would also ripple across other sectors and rid South Africa of "energy poverty" which has been identified as a key weakness hurting the country's economy.

"Less measureable beneficial effects would include the impact that large gas resources might make on the energy poverty, which South Africa shares with other African nations, the possibilities of creating employment across the corporate size spectrum, ranging from international energy companies to small and micro enterprises in South Africa," Econometrix said, adding that the resource could help South Africa expand its energy products base.
While analysts are painting a positive picture - success is far from certain. While companies have drilled successfully for shale resources in North America, they have been less successful in other promising plays such as Poland and China, citing geological challenges, lack of equipment, infrastructure and labor.
Environmental concerns are also crucial in assessing the feasibility of the shale gas development, but South Africa's chronic use of dirtier coal shows that it is a venture worth pursuing to boost the faltering economy.

© alifarabia.com 2013

http://www.zawya.com/story/S_Africa_basks_in_shale_glory-ZAW…

Thanks Soly!

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Soly Diagramm von Seite 26 Presentation.

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AGM Presentation

30th September 2013
>12:00 hrs Dublin time

O’Callaghan Stephen’s Green Hotel, 1-5 Harcourt Street, Dublin 2, Ireland

http://www.falconoilandgas.com/uploads/pdf/Falcon_AGM_Presen…