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Every board needs a narcissist. We have Green L.
Green lantern . Do you never just get fed up being an idiot !!
Green is talking CND$..not US$. Also reminds me of bigones as he pats himself on the back and tells us how great he is.
I sold at .20 cdn, the otcbb is tough to trade because of market makers. I was a long term holder at first but realized this wasn't a long term hold after 4 years of pain. It was solidified when POQ diluted the stock for .14P when it was trading at .17P and pulled the rug out from everyone. He is quite content in pulling in his $600,000 a year, quite content!
Longknife: I have no direct connection to the future :^) I was just being conservative with the 4X figure. I would hope 6X - 7X would be a better figure but then again those are just my guesses.
Shalamar9 - I believe they will do an IP-30; IP-90 and even an IP-120 on both wells. I do recall seeing they were going to be going directly into the pipeline with these IP flow test(?) Never seen that done but I have read they do that in WY in the US in areas that are more sensitive to open flaring. I assume they use a skid mounted mobile processing unit - I have seen those units but have never seen a flare test utilizing one - that's a good question for Philip.
805slo: That was what I was told from a very knowledgeable source. I also questioned that, but I assume Liberty is not going to move equipment in place until they can frack both wells. It could be an issue with pad size and needing to move the rig off location before fracking trucks can be moved onto pad? Not a big deal as I mentioned - With Liberty's new equipment/personnel, it will only take them about 2 weeks to frack each well. Then we have the next 4 wells - will they be done the same way - I'm guessing so. Thats not uncommon in the Permian Basin as you will see 4-6 wells drilled before they ever move in fracking equipment.
I'm in the US and the 52 week high is $.162
Maybe your on the wrong exchange, tsx-v is where you want to be. Its first come first serve totally different on the otcbb!
Your wrong, and I sold 450,000 at .20 on Thurs and Fri. Sold 800,000 . 18 April 2023. All bought under .12 cents but you believe the nonsense here and I will carry on making money. I won't even go into how much before April 2023, don't want to upset you too much!
Lantern, this thing hasn't been at $.20 in years! As a matter of fact I had a sell order in for some at $.20 and it never came close.
I was in cove energy from near the start right through to sale and the big win. They started with somewhere 30% plus and by the time of sale had farmed down to around 10%. This is fairly standard and ok. The key is to get to the point of sale. So many companies fail or get squeezed. A farm out would likely be met with an uptick. I still think we will see a steady rise from here. I said before with cove the news of a bid came unexpectedly and not straight after news. Can easily get the same here, but you'll not see the execs openly musing a sale. It would weaken their hand.
It is kind of hilarious…..
For weeks? Endless navel gazing about the flare, the plume, the satellite, the clouds, the droplets and reflections. The experts on the permits, the geology, the shale, the market, the Marcellus. The guy who always happens to be accidentally in the room, when EF Hutton from the Company, says something significant over a “pint”. With all of that not one comes with what actually happened here. Once again, a big nothing burger.
Your right on Mr. Greenlantern
Eagle, this steady garbage has been going on for years, if not decades. When things don't go the way certain posters push, they come up with a different scenario. This will NOT change, it borders on perverse. I said this was a trade 7 years ago and nothing has changed apart from a change of pumpers. LK, you had your chance once again at $.21-.22, Ive been in and out 6 times and made nothing but money and my stance hasn't changed and won't. One thing is for sure a dilution is coming, just how much is the question. OK, let me have it, lol!
The best funding scenario I can think of would be a placing to Brian at a premium to the current share price. It's a rare occurrence, but occasionally it does happen.
Eaglerbf -- I am assuming that your post is mainly directed at myself -- as I mentioned that the "news would spread like wildfire" in one of my posts after we got those stellar flow rates.
My apologies if you bought more shares based upon my post,, or if misled you in any way as that was not my intention!!
Up until Sunday I have repeated my old adage of "you can always always buy Falcon cheaper" dozens of times over the years, but on Monday I honestly couldn't believe that the punters would actually drive Falcon's share price down instead of going much higher. The fact that we have finally proved conclusively that the Beetaloo is a world class shale gas deposit with flows similar to the Marcellus -- should have given Falcon a solid move up in any kind of sane investing world.
I would highly recommend that you use the green "ON" button on the Filters Box at the top of this post -- and block out my posts completely -- like many other smart Falcon owners have done in the past.
Well it is of you think someone on this board is going to nail the trajectory or heaps of unknowns. Gov appetite and oversight, geology, drilling process, investor appetite, timing, personalities etc.
However if you come to the board to widen your perspective and get some insights, debate, challenges from others then I think it's really valuable.
Personally I'm not one to follow or look to follow blindly bit I do appreciate all the debate and dialogue as it helps me make my decision on the likely outcome and set my risk parameters.
I think we are all a little sore after the recent share price movement but no point in venting in the wrong direction.
On the raise point I think a raise would actually increase our share price long term. If you are and investor who would you rather invest in a company without the means to carry out the full pilot or a company that has the means to financially support itself. I think a 10% dilution would amount to at least a 30% share price increase and would be well worth it.
Either way we don't need to do anything. If we sit out on the pilot program and it's successful our acreage becomes way more valuable and if we do participate we start potentially generating cash in 2026.
I'm loving all the thoughts and scenario modelling.
It's going to be an exciting year for sure.
One thing’s for sure to me after 10+ years, following the prognostications on this board is a complete waste of time.
Has the news spread like “wildfire”? Where is the buy in? Sheesh
Long, no worries I like good discussion. Keeps me learning. Personally, I think POQ has stepped in crap too many times by promoting and things not going his way. I think he is wise to sit back and focus on the end game. We have the numbers. FOG will get promoted through research reports and articles.
Wet, are you sure both wells will be opened at the same time? Ill have to go back to TBN’s presentation but that was not how I understood it. TY!
805. I'm not arguing with you but I don't see ANY scenario where raising funds does NOT impact the current shareholders. What I agree about is that this is no reason for the price to go down. Maybe to not have as much upside- sure. Anyone following this stock (and there are very few) knew that there would be a raise eventually. The news was good. There's no reason for the stock to go down except people (and probably many on this board) simply sold on the news and the VERY low volume caused it to drop. There is NO buying interest of any real size in this stock. This is where POQ needs to generate interest. He told us at the last well mtg w the "skin issue" that he had expected that well to perform well and to see a corresponding SP increase. There's no reason to think we shouldn't have seen it here other than there is just no interest. POQ needs to get out there and start drumming some up. There must be some talks where companies say "hey if you get to this point we'd like to talk to you".
Depends how it is done. Depends what price the shares are sold at, will they negotiate anti dilution protection, and many other possible factors. My point, is simply its not going to be as bad as the market seems to think. It’s always been the case FOG would need more money. So, I don’t see this need as the rational for the price drop. And I believe it will have minimal impact on our asset sale price when the day comes.
805- ok how do we do it w "minimal" dilution? If we wanted to raise $13M we'd have to issue at least another 100M shares- a 10pct increase. Or are you considering 10 pct "minimal"?
Long, I said minimal. Of the option is the least impactful. I am not ruling out selling future gas production but that seems unlikely to me.
Bloobird -- the most likely scenario for a Falcon sale (if it is for Falcon's entire 22.5% of the Beetaloo) would be a complete sale of Falcon Canada -- where the Falcon holding company is registered. This would then only have a single tax implication in Canada, but if Falcon Australia was the only entity sold then there would be Australian and Canadian taxes to pay, (so much more tax efficient to sell the Canadian holding company).
The Karoo assets (worth about 2 cents right now) could be spun off to a Newco with all Falcon shareholders getting a pro-rata share in the Newco at the time of dissolution. That spinoff would most likely depend on whether there was even a glimmer of a chance that the South African gov't can ever get the shale gas legislation passed -- (without handing all potential profits in the Karoo away completely to the local black 50% participation requirement that are planned)??
shalamar9 -- just in case WW is busy with real life -- (instead of Falcon's never ending story LOL) -- the answer to your question is YES -- we will get an IP 30 rate most likely on both wells, but for sure on one of them. The news on how those wells have performed with be a very big news event for both POQ and for Riddle -- so they won't miss that opportunity. One of the two is supposed to be put on a full year flow rate, but that doesn't preclude the news being released on the 30 day flow rate at all.
Hi WW,
Just a quick question for clarification on your excellent post - Will we get an IP30 rate for both of these initial pilot wells before they are closed up awaiting production in 2026 ?
TIA
805- please explain how we do a private equity raise with no dilution to the current shareholders? WW. A 4X between now and selling? Seems like a weak sale for us long term holders.
Up to what the buyer wants and is willing to pay.