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Wednesday, 10 April 2013
Falcon Oil & Gas, Ridgeline Energy Services to present across Canada this month
Fresh from a London stock market debut and stacked with potential game-changing properties, Falcon Oil & Gas(LON:FOG) (CVE:FO) will head out across Canada withProactiveinvestors in the third week of April to showcase its goods in a series of One2One investor forums, which will also headline Ridgeline Energy Services (CVE:RLE).
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.
Investors will also hear from Tyler Heathcote, president of Ridgeline Energy, which is soon to be renamed RDX Technologies Corp. The technology driven company operates in the waste water industry.
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
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 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 two compelling investment opportunities on hand for attendees.
Falcon and Ridgeline will each make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors. Once the companies have 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.
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.
The key to Ridgeline’s business model, meanwhile, is the ability to mine valuable materials from nearly any waste water stream during the efficient treatment of that water. The primary by-product is a refined diesel fuel.
Ridgeline currently operates two major water treatment facilities; an 18 acre facility in Los Angeles, California, and a four acre facility in Carthage, Missouri. Both facilities have fully integrated waste water and energy production profiles.
The company’s revenue from all operations in fiscal 2012 was $15.5 million, with revenue for fiscal period 2013 expected to almost double to $30million. Looking further ahead, the company is confident it can continue to grow revenues and EBITDA at a robust rate.