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One thing, that Tamboran and Falcon have in common, is that they're both going to run out of money in the future. A solution would be to sell a chunk of their acreage to a bigger company and split the proceeds 77.5%/22.5%.
The sooner the better.
Large companies makes strategic moves for years and decades in advance.
Look at take overs of the past to see this. Again pointing to cove energy - they were sold in 2012 and the LNG is only just getting to the point of being monetised I'm the near term by those that hold interest.
It's completely normal for a big gap between sale and a full income stream to flow to whomever buys or is involved at that later time.
Yes a Fidelity account.
So, somebody is going to jump at the opportunity to pony up for a non-op interest with no decision making capacity on an asset where the next ten years of drilling activity will return 1/4 of the rate that the wells after the 130th one will? Not to mention being ruthlessly abused on fees and JV expenditures to get the gas to market?
I hope you're young, because the chance there's any value in the next ten years is inferior to every other player in the basin's potential tomorrow.
I'm guessing that's an American account?
I think the listing on the US exchange is starting. My Fidelity account is moving shares to Yo bought Tamboran res corp 200:1
Great results! I hope that the market takes some small notice of this.
Https://www.investi.com.au/api/announcements/tbn/4c2fa866-ca5.pdf
Why would there ever be a sale??? Except for the fact that the area is being gradually proved up and eventually major players will want to buy the asset. If Sheffield waits forever the train will leave, same with any other potentially interested party.
This is how small exploration companies succeed and how large companies can often avoid early exploration and the financial and PR risk involved in duds and misses
I'm sorry in advance. But why would he ever take Falcon out?
At every stage along the way POQ's inability to create a viable array of funding options just results in further dilution of the interest? Sheffield isn't stupid, he will play that cycle as long as he can.
There's no sign of it stopping, the pattern is relentlessly consistent.
Needs to be remembered that if he buys lots cheaply, he can pay more to buy out the rest as his stack has cost so little and his average takeover price will be between the two.
It's needs an additional party to also try to bid to get fair price - such as happened with cove energy.
Jumped from around 10-20p to 70p with first offer and then more bidders appears, £1.95 Shell, £2.20, final sale was 240p ish. Remember shareholders get to vote on accepting a takeover.
That's the type of scenario to get fair value.
I would definitely be looking at well over a billion to get near fair value, but it will need more wells. Hence the recent raise really was a positive.
If Bryan Sheffield is busy loading up with shares @ 6p then I assume he thinks (so do I ) they are worth a lot more than the current SP of 6.5p !
Tired states,
"Selling price > share price. Price is based on the assets not share price. Sorry to disappoint you."
Well let's hope the sale price is higher than the share price since the share price is so stunningly low. And I believe it will be, just not by that much. And while the sale price should fairly value the assets (among many other things), the share price should also reflect the value of the assets, the business, the potential, etc and the market is telling us it's worth about $.09 US. It's worth exactly what someone is willing to pay for it.
Shank, I am confused by your post. The goal has always been to sell. The goal line just keeps moving.
Scinceday, Q2 is what was reported but it appears TBN is still waiting for EMP approval.
https://depws.nt.gov.au/onshore-gas/environment-management-plan/emps-under-assessment
Frackme, agreed. I also think there is risk of getting taken over and taken private.
...already...
With the signing of the binding GSA agreement amongst all interested parties and recent additional marketing, it would appear they are moving forward at this point. The upcoming announcement of the IP90 flow rates will merely confirm to us what they all ready know. My guess is that's a good thing.
I know things haven't gone our way lately but there are new holes on the horizon. Has anyone heard when these might be kicking off ? All i remember is 2nd quarter but have they said anything more specific on when these might be started ?
Not necessarily relax .
Sale price is actually based on what the majority shareholding will take for the company and the larger BS holding gets the smaller that number gets.
Selling price > share price. Price is based on the assets not share price. Sorry to disappoint you.
It's clear now that our leadership path is to sell FOG. Dissapointing to me and I'm sure many others on this board. This stock has been and will continue to be manipulated until that sale occurs at a bargain basement price. Dissapointing.
Great post gonoles -- and maybe some of Tamboran's constant promoting will rub off on the other JV partners who have very little??
Here is a short promotional video on Liberty (from a post by fitz65 on the HotCopper board) -- who will soon be in the Beetaloo for the next two horizontal fracking jobs. Seems like allot of the pieces for technical expertise are moving nicely forward in conjunction with gov't support, funding and infrastructure capabilities.
https://www.youtube.com/watch?v=-1MjeC46Pag
Https://www.linkedin.com/feed/update/urn:li:activity:7188784803159199745/
Video of the Chief Minister on location at Tamboran -- pretty good endorsement I think.
https://themarketonline.com.au/tamboran-signs-gas-sales-deal-to-supply-the-top-end-2024-04-23/
News being carried online.
Northern Territory News had another good article but couldn't find the post past the their subscription requirements.
https://www.skynews.com.au/business/energy/tamboran-resources-secures-energy-supply-deal-with-the-northern-territory/video/96e93e3b12b295d3e2df95a4335f202f
They say they will be selling gas in 2026.
I guess it helps to have someone with marketing experience on your board.
A year ago I would have said this is great news. Government supports has always been a wildcard with FOG. We have lost over 50% of our stocks value since the release of our great flow rates. I hope there is another investors meeting so some of questions will be answered.