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Monday, 1 April 2013
Falcon Oil & Gas presents in Canada and the U.S. in April
Fresh from a London stock market debut and stacked with potential game-changing properties, Falcon Oil & Gas(LON:FOG) (CVE:FO) will head out on a marketing roadshow across Canada and the U.S. with Proactiveinvestors in the third week of April to showcase its goods in a series of One2One investor forums.
We are offering investors a rare opportunity to hear from Philip O'Quigley, CEO of Falcon Oil & Gas, which has relationships with Hess, Chevron and Gazprom and a program, if fully executed, that adds up to a possible 18 wells, or US$400mln-worth of investment.
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
Indeed, this time is no different, with Falcon Oil & Gas set to take the podium at a series of events in Vancouver, Calgary, Toronto, Montreal, and New York from April 15 to 22.
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
The first Falcon Oil & Gas One2One Investor Forum will be held at Metropolitan Hotel Vancouver - 645 Howe Street - Connaught Room, on April 15.
It promises to be an interesting affair, with this compelling investment opportunity on hand for attendees.
Falcon will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors.
Once the company has presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
Falcon Oil & Gas will appear in Vancouver on April 15th, which will be followed by a presentation on April 16th in Calgary, April 17th in Toronto and April 18th in Montreal. The company will also appear in New York on Monday April 22nd.
For more details on the event times and locations, and to register, please click here.
Over the course of a 45-minute briefing with Proactive Investors, one that took us from Australia, to South Africa and then to Hungary, Falcon's chief constructed a compelling investment case ahead of the TSX-listed group’s debut in London and Dublin last week.
Falcon has relationships with Hess, Chevron and Gazprom and a program, if fully executed, that adds up to a possible 18 wells, or US$400mln-worth of investment.
The group has management of real pedigree. Chief executive (CEO) O'Quigley is former finance director of Providence Resources, the poster-child for Ireland’s emerging oil and gas industry, while his chairman is John Craven, the guiding light behind Cove Energy.
Cove, you will remember, was sold to Thailand’s PTT Exploration & Production for £1.22bn. And the Falcon model owes much more to Cove than Providence in the sense that Falcon wants to be a large minority shareholder in any discovery, but certainly doesn’t want to be the operator.
The assets come with a history dating back to 2005, says O'Quigley.
Craven, who came on board in 2011, has given the strategy some coherence. The CEO, meanwhile, has put Falcon’s costs on a more realistic footing and is charged with delivering value from its unconventional oil and gas assets by leveraging off major and even super major oil companies.
All three properties are potential game-changers, though the one nearest to crystallising value is Falcon Oil & Gas Australia.
It holds four exploration permits covering seven million acres of the highly prospective Beetaloo Basin in Northern Territory. The potential resource is 162 trillion cubic feet of gas and over 21bn barrels of oil, according to RPS Energy, which compiled the group’s competent person’s report.
It has a joint-venture with Hess that covers 6.2mln acres. The American giant has already paid US$20mln upfront, shot 3,500 kilometres of seismic data at an estimated cost of US$60mln and still doesn’t have its name on the licence. Hess has until 30th June 2013 to elect to drill five wells at an estimated further cost of US$75mln, at which point it will take a 62.5% stake.
Another deal to be done is the farm-out of the nearby Shenandoah and EP99 licences not subject to the Hess agreement. This is a hidden value driver that could have a big impact on Falcon’s valuation.