Feb 7th presentation Listened to the Feb 7th CEO presentation related to their stage stage 3 Beetaloo work program for 2022. Some interesting answers to technical questions that are difficult to evaluate, if one is not in the oil and gas business.
The one thing I took away is that, based at the current Falcon share price the value attached to their land holdings in the Beetaloo is approximately $150 per acre. If they succeed, their acres can be expected to fetch just under $1000 with a very small portion of which can sell for approx $4000 per acre.
This remains a Hail Mary play but if they succeed = x 10. Don't expect it tomorrow though, I got the sense that share price may not move dramatically, one way or another, until late 2022 or early 2023.