Falcon Oil & Gas

FOG: 22.89 0.00 (0.00%)

Delayed:2017-04-28 05:00:06
Bid Price 22.25 High Price 0.00
Ask Price 23.00 Low Price 0.00
Open Price 0.00 Spread 3.31%
Prev Close 22.63 Volume 0.00

Falcon Oil & Gas Share Price Chart

Intraday

Historic - 1 year


Falcon Oil & Gas Share Price Information

Name Falcon Oil & Gas Epic FOG
Sector Oil & Gas Producers ISIN CA3060711015
Activites Falcon Oil & Gas Ltd 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 focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in Budapest, Hungary. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) -3.14
Market Cap (£m) 211.02 Gross Gearing (%) 19.97
Shares in issue (m) 927.54 Debt Ratio 17.88
P/E Ratio -2275.00 Debt-to-Equity Ratio 0.87
Divs per share (p) 0.00 Assets / Equity Ratio 1.25
Dividend Yield (%) 0.00 Price to book value 4.80
Dividend Cover 0.00 SROCE (%) -0.17
Earning per share (p) -0.01 EPS Growth (%) 99.71
52-week high / low (p) 28.50 / 3.63 DPS Growth (%)

Falcon Oil & Gas Broker Views

Date Broker Rec. Price Old target price New target price Notes
17 Feb finnCap Buy 22.89 23.00 23.00 Reiterates
15 Feb finnCap Buy 22.89 23.00 23.00 Reiterates
28 Nov Cantor Fitzgerald Under Review 22.89 Under Review
26 May Cantor Fitzgerald Buy 22.89 19.00 19.00 Reiterates
29 Apr Cantor Fitzgerald Buy 22.89 19.00 19.00 Retains

Falcon Oil & Gas Director Deals


Falcon Oil & Gas Company News

Potential US rate rise keeps banks rallying

A banking rally helped the FTSE 100 to break past the 7,300 barrier after chair of the US Federal Reserve Janet Yellen suggested it could raise interest rates soon.

Banks benefit from higher interest rates as they can earn more from lending.

Standard Chartered (STAN), Natwest owner Royal Bank of Scotland (RBS), high street bank Lloyds (LLOY) and Barclays (BARC) gained by up to 2.5%.

West Texas Intermediate and Brent crude oil were 0.5% lower at $53 and $55.66 per barrel, respectively.

Gold was flat at $1,224 per ounce and copper retreated to $6,018 per tonne.

On Wall Street, the S&P 500 and Dow Jones opened in the higher.

Asia's largest index, the Nikkei 225, advanced 1% on a weaker yen, which was good news for exporters in the country.

Hong Kong's Hang Seng index rose 1.2%, while the SSE Composite in Shanghai nudged lower.

FTSE 100 RISERS AND FALLERS

Tour operator TUI (TUI) suffered a 7% hit following a Hanover court ruling that said the firm had to provide sick pay after an unusually high number of pilots and cabin crew were ill in October. TUI believed staff were pulling sickies as part of an unofficial strike over potential job cuts.

Copper miner Anglo American's (AAL) subsidiary Anglo American Platinum contributed $100m less in earnings to the company at the end of last year, compared to 2015.

FTSE 250 RISERS AND FALLERS

Budget coach services Stagecoach (SGC) sold its interest in the Twin America joint venture for an undisclosed sum. It principally operates sightseeing bus services in New York.

Financial broker NEX Group (NXG), formerly ICAP, struggled despite posting an 11% increase in revenue for its third quarter as Donald Trump's election as US President sparked more trading activity. It warned it was too early to assume a period of subdued market conditions was at an end.

SMALL CAP RISERS AND FALLERS

Shares in Australian-focused oil and gas firm Falcon Oil & Gas (FOG) shot up 58%. Figures produced by partner Origin Energy suggested its acreage in the Northern Territory's Beetaloo basin could contain as much as 496 trillion cubic feet of gas.

Micro-cap investor in the natural resources sector Polemos (PLMO) raised £495,000 through a discounted placing. Its shares plummeted 32%.

Software developer for rail operators Tracsis (TRCS) disappointed investors with slower sales as some are expected to take place in the second half of 2017, instead of the first half of the year. The stock fell by 13.4% to 402.5p on the bad news.


Story provided by StockMarketWire.com

Banks boost FTSE on quiet day

It was a surprisingly quiet day for corporate news, but banking stocks provided positive momentum for the blue-chip index.

Natwest owner Royal Bank of Scotland (RBS), high street bank Lloyds (LLOY) and Barclays (BARC) jumped by up to 2%.

Primark owner Associated British Foods (ABF) also rose by over 1%.

West Texas Intermediate and Brent crude oil both slid 0.4% lower to $53 and $55.75 per barrel, respectively.

Gold nudged higher to $1,225 per ounce and copper was stable at $6,018 per tonne.

UK unemployment remained at an 11-year low, as there were 1.6 million people out of work.

On Wall Street, the S&P 500 and Dow Jones closed 0.4% higher on Tuesday.

Asia's largest index, the Nikkei 225, advanced 1% on a weaker yen, which was good news for exporters in the country.

Hong Kong's Hang Seng index rose 1.2%, while the SSE Composite in Shanghai nudged lower.

FTSE 100 RISERS AND FALLERS

Copper miner Anglo American's (AAL) subsidiary Anglo American Platinum contributed $100m less in earnings to the company at the end of last year, compared to 2015.

FTSE 250 RISERS AND FALLERS

Budget coach services Stagecoach (SGC) sold its interest in the Twin America joint venture for an undisclosed sum. It principally operates sightseeing bus services in New York.

Financial broker NEX Group (NXG), formerly ICAP, struggled despite posting an 11% increase in revenue for its third quarter as Donald Trump's election as US President sparked more trading activity. It warned it was too early to assume a period of subdued market conditions was at an end.

Defence business QinetiQ (QQ.) confirmed trading in its third quarter was in line with expectations and was positive concerning future growth.

SMALL CAP RISERS AND FALLERS

Shares in Australian-focused oil and gas firm Falcon Oil & Gas (FOG) shot up 40%. Figures produced by partner Origin Energy suggested its acreage in the Northern Territory's Beetaloo basin could contain as much as 496 trillion cubic feet of gas.

Veterinary medicines supplier Animalcare Group (ANCR) reported underlying profit rose by over a fifth to £1.9m in the second half of 2016.

Micro-cap investor in the natural resources sector Polemos (PLMO) raised £495,000 through a discounted placing. Its shares plummeted 26.3%.

Software developer for rail operators Tracsis (TRCS) disappointed investors with slower sales as some are expected to take place in the second half of 2017, instead of the first half of the year. The stock fell by 11.8% to 409.8p on the bad news.


Story provided by StockMarketWire.com

Beetaloo results indicate material gas resource, says Falcon

Falcon Oil & Gas has noted a new report by its joint venture partner which indicates a material gas resource at Beetaloo Basin.

Falcon said its 35% joint venture partner Origin Energy Resources has submitted the results of evaluation of the discovery and preliminary estimate of petroleum in place for the Amungee NW-1H Velkerri B shale gas pool to the Northern Territory government.

The submission follows the completion of extended production testing at the Amungee NW-1H exploration well of the "B Shale" member of the Middle Velkerri Formation.

In addition, Origin undertook a resource study based on the Amungee NW-1H well results and other key wells in the Beetaloo Basin including regional seismic data to determine a 2C contingent gas resource estimate for the Middle Velkerri B shale pool within EP76, EP98 and EP117.

Falcon chief executive Philip O'Quigley said: "The submission of a discovery evaluation report supporting the existence of a material gas resource in the Beetaloo Basin coupled with Origin's best estimate assessment of a gross contingent gas resource of 6.6 TCF for the Middle Velkerri B shale pool surrounding and adjacent to the Amungee NW-1H exploration well are exciting developments for Falcon.

"Additional exploration and appraisal activity will be required to refine the pool size and better assess the recoverable resource range and ultimately the commerciality of the play.

"However, it is interesting to note that in Origin's opinion the Marcellus and Barnett Shales in the USA are analogous, commercially-productive fields that are similar to the Middle Velkerri B Shale reservoir."


At 9:34am: (LON:FOG) Falcon Oil Gas share price was +1p at 6.25p



Story provided by StockMarketWire.com

Falcon confirms completion of Amungee NW-1H test

Falcon Oil & Gas Ltd has announced the completion of the extended production test on Amungee NW-1H by joint venture partner Origin Resources.

Extended production test summary:

-Initial production over the first 30 days averaged 1.11 MMscf/d

- 63 MMscf was produced over the 57 days of the EPT, at an average rate of 1.10 MMscf/d

- The final rate of the EPT was 1.07 MMscf/d

- Completed in line with a regulatory approved plan with no environmental incidents

- The EPT concludes the 2016 drilling programme

- A final discovery report is being prepared for submission to the DPIR in the first quarter of 2017

Chief executive Philip O'Quigley said: "The extended production test on Amungee NW-1H is a significant milestone in the exploration programme. This data, together with results obtained from the drilling programme to date will be used in evaluating the contingent resource in the Beetaloo.

"We look forward to updating the market in Q1 2017."




Story provided by StockMarketWire.com

FLASH: Falcon confirms completion of Amungee NW-1H test






Story provided by StockMarketWire.com