Peak Oil News and Message Boards

SeaGypsy wrote:Gee wiz oily! How come an extensive seach on Australia's ABC news/ The Northern Territory's N.T. News shows nothing about this? These are the 2 main news sources in Northern Australia and they love talking up the mining boom but neither have anything about Falcon or Beetaloo or new oil discoveries in the N.T. just gas and minerals.

Show some links from Australia or at least from a source outside the company please?

I've already provided a couple geological links in addition to the company link.

The Bakken Shale didn't become big news until several years after the first wells were drilled into it. Something like this usually takes a while to get a bit of momentum.

Sorry Oily but ... PIGS ARSE!

This country is so hungry for this kind of news.

I gave you a little credit (more than many of my compatriots) but you have burned your bridge with me.

If this is the sort of shite you are basing your speculations on then FU.

The N.T. has a population of 200,000 humans'

The biggest news here is a crocodile story every week.

Don't shite me I LIVE HERE!

If you don't come up with a real explaination of WHY THIS DID NOT MAKE THE NEWS IN AUSTRALIA

I will leave my bipartisan position and hound you to hell.

Is that clear?

OilFinder2 wrote:

dorlomin wrote:Still who has bought shares on this news? OF2, you going hog wild or just posting on the internet?

That was AntiDoomer who posted that, not me.

It was the second time I asked it in the space of a few posts.

Ill ask again, do you invest in these increadible and unmissable bargins, are you floating on an ocean of oil wealth?

dorlomin wrote:It was the second time I asked it in the space of a few posts.

Ill ask again, do you invest in these increadible and unmissable bargins, are you floating on an ocean of oil wealth?

The answers are no, and no.

SeaGypsy wrote:Sorry Oily but ... PIGS ARSE!

This country is so hungry for this kind of news.

I gave you a little credit (more than many of my compatriots) but you have burned your bridge with me.

If this is the sort of shite you are basing your speculations on then FU.

The N.T. has a population of 200,000 humans'

The biggest news here is a crocodile story every week.

Don't shite me I LIVE HERE!

If you don't come up with a real explaination of WHY THIS DID NOT MAKE THE NEWS IN AUSTRALIA

I will leave my bipartisan position and hound you to hell.

Is that clear?

Dunno the answer to your question. Maybe the journalists in the NT just aren't paying attention. Maybe someone needs to send some journalist in the Darwin paper an email bringing this to their attention. Believe it or not sometimes that's how news gets started.

*shrugs*

BTW, Falcon is looking for a partner for this project. If they select an Australian oil company (or maybe a Chinese one!) maybe then it'll make the news.

>>> LINK <<<

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It's only in the 70ies that it was made illegal in Australia to sell someone land under water !





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OilFinder2 wrote:

dorlomin wrote:It was the second time I asked it in the space of a few posts.

Ill ask again, do you invest in these increadible and unmissable bargins, are you floating on an ocean of oil wealth?

The answers are no, and no.

So you dont believe that this oil is there. Or at least that it can be economicaly extractable, otherwise you would naturaly want to increase your personal wealth by investing in this (unless you are an anti capitalist).

Thanks. Once again you have clarified your position on all these oil discoveries.

sparky wrote:.





It's only in the 70ies that it was made illegal in Australia to sell someone land under water !





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Where are you dude? There's not 1 private beach in Australia

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Should have added , without telling the customer !


there sure is no private beach in Sydney , but some middle harbor houses come pretty close



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dorlomin wrote:So you dont believe that this oil is there. Or at least that it can be economicaly extractable, otherwise you would naturaly want to increase your personal wealth by investing in this (unless you are an anti capitalist).

Thanks. Once again you have clarified your position on all these oil discoveries.

Yes, I believe this oil is there, and I believe it is economically extractable at current prices. If I invested in every single oil company with an economic oil deposit, I'd have to come up with a bazillion dollars to invest, which I don't have.

OilFinder2 wrote:

dorlomin wrote:So you dont believe that this oil is there. Or at least that it can be economicaly extractable, otherwise you would naturaly want to increase your personal wealth by investing in this (unless you are an anti capitalist).

Thanks. Once again you have clarified your position on all these oil discoveries.

Yes, I believe this oil is there, and I believe it is economically extractable at current prices. If I invested in every single oil company with an economic oil deposit, I'd have to come up with a bazillion dollars to invest, which I don't have.

No you dont. You dont really believe a small company has got its hands on multi billion barrels of good oil. If you did you would not need 'brazilions' of dollars, anything spare would do.

I have already stated why you have an erect spurting derick avatar, you psycologicaly equate oil wealth with fertility.
Now you admit that a chance to invest in a huge oil bonanza is not worth risking real money on. you come online and get you dopamine hit from posting about the great excess but dont bother cashing in.

Hell there probibly is recoverable oil there, lots even. But not enough for you to really believe it will lift this companies stock value long term.

You dont believe yourself.

Edited for spelling error.

"you psycologicaly equate oil wealth with fetility"

fetility ?... it must be fertility , well........... Oil IS fertility



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SeaGypsy wrote:Gee wiz oily! How come an extensive seach on Australia's ABC news/ The Northern Territory's N.T. News shows nothing about this? These are the 2 main news sources in Northern Australia and they love talking up the mining boom but neither have anything about Falcon or Beetaloo or new oil discoveries in the N.T. just gas and minerals.

Show some links from Australia or at least from a source outside the company please?

http://www.ntnews.com.au/article/2009/0 ... iness.html

Outback gas strike 'bigger than Impex'

NIGEL ADLAM

September 10th, 2009

INDUSTRY experts are cautiously optimistic about claims that a gas field nearly five times the size of the Inpex project may have been discovered in the Territory Outback.

Falcon Oil & Gas says that new estimates suggest the Beetaloo Basin — a vast tract of land surrounding Daly River, 600km south of Darwin — holds 19 billion barrels of oil and 63 trillion cubic feet of shale gas.

The Inpex Ichthys field off the north Australian coast has a confirmed resource of 12.8 trillion cubic feet of natural gas.

Canada-based Falcon believes production at Beetaloo could begin in about six years.

The gas would probably be piped to Darwin for processing.

Independent industry sources are not so excited about the latest resource estimates, but are still optimistic.

They said that an analysis by reputable international consultant Ryder Scott showed only "potential undiscovered" oil and gas.

"It's an assessment of what might be there given the knowledge of the geology, but drilling will be required to determine whether these accumulations exist and are recoverable," a source said.

"It should also be stressed that most of the oil and gas is from unconventional targets — oil shale, gas shale and basincentred gas accumulations — which are potentially costly to recover and, therefore, may or may not be viable.

"Hopefully, the estimates will turn out to be right, and there could be a major oil and/or gas discovery in the Beetaloo.

"But, for the time being, these estimates should be treated with (optimistic) caution." Falcon's Beetaloo exploration permits cover nearly 28,200 square kilometres.

Territory-based company consultant John Carroll said the latest resource estimates would be used to raise more cash for drilling.

A drilling operation employing about 20 workers is under way on Hayfield Station, near Dunmarra.

Another is expected next year. Falcon admits that its approach is "unconventional".

"It is based on the theory that the oil and/or gas is dispersed over a large area and is not accumulated in one location.

"Extraction, therefore, requires a number of production wells."

It added: "There is no certainty that any portion of the undiscovered resources will be discovered and that, if discovered, it may not be economically viable or technically feasible to produce any of the resources."

OK appologies Oily; todays news.

Interesting to see what happens here.

Thanks for the post t-rex. Certainly would have missed it myself.

As for SeaGypsy, apology accepted.

Now, you Aussies better get to work and start drilling.

As for dorlomin, I don't invest in the stock market. I just don't want to. K? It's not my style. I could psychoanalyze your doomerism up the kazoo, but I don't want to get off topic.

OilFinder2 wrote:As for dorlomin, I don't invest in the stock market. I just don't want to. K? It's not my style. I could psychoanalyze your doomerism up the kazoo, but I don't want to get off topic.

So its all just a computer game to you then.

For some, oil was a job.