After yesterday’s rather terse RNS I was pleased to be able to chat to Zaza this morning to put things into perspective.
I gather that with regard to the ‘renegotiation’ a sledgehammer has been used to crack a nut and matters are of a reasonably modest nature. Much more importantly, Frontera (FRR) has much going on operationally which include the fraccing at T-45 and also drilling at Dino-2.
This might be a very exciting week for shareholders at FRR and I for one am very much looking forward to it…
Falcon Oil &Gas
Excellent news this morning from Falcon (FOG) as the NT Government has ended the moratorium leaving the consortiumi to go ahead.
Even more exciting is the accompanying release from Origin suggesting they are keen as Colmans to get going with the project.
As I said last time, they have been keeping the project warm, but with a lot of preparation needed to be done now they should be in a position to spin the drill bit next year.
Patient holders of Falcon are now rewarded and it’s not too late to join this caravan, which should be a major play for a very long time, not least as Australia is ironically domestic gas short…
Malcolm Graham-Wood is an independent oil industry expert and freelance contributor, not a direct employee of Interactive Investor.
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