Member Info for 805slo

POQ thought they’d raise 150m and it would reflect positively on FOG. I was rooting for a big IPO for TBN for the benefit of us all. I don't think this is what they were hoping for.

State side we are down 11% on 20,000 shares trades. I know it was up Tuesday 12%. But clearly every time POQ tries to explain his ever evolving plan the price goes down. I do have a question…does anyone know if we have the money to stay in the four wells planned for 2025? Or do we have raised more cash?

B2b-The company that is planning for an exit has no clear plan. It’s now being described as an ever “evolving plan.” I don’t understand how the checker board benefits us. So we sell off small portions of our assets to use that money fund other portions. Sounds like ten more years. Hmmmm. Ok…to what end.

POQ’s word cannot be relief upon. This is clear and he has now inserted “ever evolving” into his narrative. Last meeting, there would be no issues raising money with our well results and no need to farm down. Both were not true. And he never answer the question of why he sold off our shares to BS for so cheap. At the time of the sale, FOG was not trading at 6p. They are now, because his poor sale communicated to the market the value of the stock.

He admits there needs to be more marketing of the stock. Yet he has no clear plan other than we need to market more in the US. I simply want to see a copy of calendar for the past year. What has he been doing?

Gas is there. But do we have the leader and board to execute? I grow less and less confidence each year. Why would anyone buy stock in FOG when you can buy stock shortly in TBN on the NYSE? The whole point of FOG was to develop an asset and sell it. Not we plan to play checkers. While I do not share the position we are getting hosed or this is just a scam….I do believe it’s all being poorly executed by POQ and the board.

In typical FOG fashion the share price drops. We have now lost close to 50% of share value since our amazing flow rates were announced.

Smallfish-

What is your basis for making this assertion?

Why did you farm down right after telling share holders there would be no need for that?

Why did you do a private equity raised with BS at a price undercutting current share holders value?

What do you do all day that justified a salary’s of $600,000? To date, you have brought zero value to share holder. Why should the board have confidence in your leadership?

Folks have a right to be upset. I have yet to see a rational explanation as to why POQ sold our shares to his rich friend at a discount to market value. Or why he farmed down out holdings when he said that would not be needed. He needs to spell out a clear plan going forward and explain how he will bring clause to shareholders. He has brought zero value to our stock. And I don’t understand what he does that justifies his pay. We are trading near all time lows.

Anyone have a link to the next two well sites? EMP approval still dragging.

June 18th can’t come quick enough. Can’t wait to hear the rational for how he has brought us value and what he is doing about it. Makes you wonder if any news will make this stock move other than a sale. And what’s the hurry to buy us since we gave up so much and this block will take several years. Don’t understand the private 6p raised. Don’t understand giving up so gas on this block. Trying to….feels like there is no plan here. Just shooting int he dark, working a few weeks a year, and collecting a big check.

TBN is up 14% I assume because of this new.

Other than our recent flow rates…this is some of the best news we have seen in some time. Not sure it will move the needle but indeed great news.

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.

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.

Def a head scratcher. We all knew we had to raise money. I dont understand this deal though.

And this is just for the costs related to the next two wells and related costs in 2024.

Bigger or just a better picture?

It’s all extremely disappointing. In the last shareholders conference POQ said with rates like this we will not have to farm down. But that is exactly what he did with respect to this area. I am not sure I can see a silver lining here and the market does not seem to think so.

Ok then. Def not what we were led to believe would happen. And TBN release before FOG. Interesting.

Here is the link I found. Hopefully something will pop up soon the EMP approval.

https://depws.nt.gov.au/onshore-gas/environment-management-plan/emp-decisions

Cam, I get your frustration. Why do you think POQ is not out there raising money as we speak? He said as much at the Q and A. The next two wells are not going to take much funding beyond what FOG has already. I think FOG will raise money in two rounds. But it does not really matter to me. The more successes we have the more FOG will be sold for. I think the next press release we see will be about the equity raise and then we will get our 90 day flow rate and independent analysis of the 20 year EUR. Who knows if any of that will have a positive impact on the share price. But the market cannot ignore the next two production wells if they achieve the rates TBN has predicted.

Anyone know if the EMP has been approved? Not seen anything about that yet.