If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Beowulf Mining (BEM), Falcon Oil & Gas (FOG), Sophos Group (SOPH) and offer some share price targets.
Falcon Oil & Gas (FOG) has today said that its shallow drilling programme in Hungary is basically over after its partner failed to drill the third of the three wells it had promised. The shares have fallen to 5.5p on the news having been a tip of the year from me at a 5.75p offer HERE
Following the investor excitement surrounding UK onshore plays in 2014, followed by the damp squib at Horse Hill and then a plunging oil price, my first 2015 tip of the year is a fully funded low cost play - . Falcon Oil & Gas (FOG) at a 5.75p offer.
Yesterday Falcon Oil & Gas (FOG) announced that it is purchasing between 5 and 7% of the 8% royalty on its Australian properties. The market seems to have missed how significant this is in terms of enabling the group to secure a farm out on the acreage.
Given the way that there is only just over six months of price data as far as the daily chart of Falcon Oil & Gas (FOG) the charting call is hard. But I am a man for hard calls and the stance is buy.
A foxy PR bird called some weeks ago and asked if I cared to meet up with Philip O’Quigley the CEO of AIM listed Falcon Oil & Gas (FOG). The name O’ Quigley rang a bell, and the PR bird was a foxy tease, and so I agreed. I can see the speculative upside in Falcon’s tale, it is not one to bet the ranch on but it might be worth a flutter.
One of the great truths of investing is that just when you think you know what’s going to happen the complete reverse happens. I was fully expecting Hess Australia to elect to commit to drilling the 5 wells required to earn their interest in the Beetaloo permits by the agreed deadline of 28th June last month. So I was as surprised as every one else that the deal never went through. Falcon oil & Gas (FOG)had previously granted Hess an extension from August 2012 to June 2013.
I've been watching Falcon Oil & Gas (FOG) since it came to AIM and the ESM (FAC) on 28th March this year. So it was with delight that I forced myself onto the Falcon radar by turning up unannounced to interview/chat with its CEO Phillip O'Quigley last week at one of the Proactive Investor forums.
