Member Info for 805slo

I have been playing around with those satellite images on different dates and comparing them to the 4/8/23 image people believe had a flare. I am not convinced that was the case. I think it was just visual noise. But we shall see or hear something shortly.

That will change. We also did not see the 10% pop on the US side. Once whatever is required becomes clear they will seek an injunction in court claiming violation and delay delay delay. That is the goal. To delay until such time that it’s it financially prudent. They have done a great job thus far. And Riddle needs a PR person because his response comes off as flippant, pompous, and unhelpful.

Yay!!! Great news.

The longer we go without news….gets more concerning with each passing day. The last well FOG drilled they announced that stimulation was successful and would later report flow rates. I understand FOG is not the driver but they were not back then either. So….makes me nervous. We are coming up on five weeks….fingers crossed no major issues.

“During the period, Tamboran commenced a comprehensive evaluation of the drilling area for the second and final well required to satisfy the Falcon farm-in obligations.”

That was news to me. Sounds like they have narrowed down a location.

Tambo’s CEO has never been shy to self promote. I understand FOG is not the driver. If there was good news it would be coming out longer before flow rates are released. Breathing just fine…just raising my concern.

I am growing concerned without an update. It was on 2/16/22 that FOG stated 2-3 weeks to finish stimulation. So I am guessing that is completed by now (or should be if there were no issues). The longer we go without an updated that all 24 fracks were successful the less confident I become. The last time this happened it ended up being there was blockage and later we got an estimated flow rate which has yet to be reproduced by anyone. Let’s hope for news this week. If next week passes without news I would not criticize anyone who sells their shares. Provided the poor track record….I am not surprised the stock is not going up in anticipation of news. One would think PQQ would be aware of this and itching to get good new out ASAP. I don’t see any issues with letting shareholders know stimulation was successful. Why they would wait to report anything until they have flow rates seems rather inconsistent with everything we have experienced with FOG.

Shouldn’t we have completed the 24 stage stimulation period….like a week or so ago?

Who know what will make the share value move. FOG says 3.3-3.5. Tambo says 5. Analyst say 5. I predict 4.2-4.7. The only data suggesting 5 is possible is based on a prediction of what could have been had the casing not been deformed. But when another entity drilled a well across the way they did not get those numbers. As I understand it, the analyst are looking for something above 5 to justify the high well costs. I assumed they have factored in the reality that most of the area is hard to get to and often impacted be weather. Fingers crossed. My prediction is 4.2-4.7. But that is purely a random guess as I understand little about fracking for gas.

You can register on the website and watch the video.

Any thoughts on why no updates? The silence is concerning to me.

Good to see some price movement and insider buying. Question from a lay person. I believe Tambo announced the spudding of A2H on November 10, 2022. As I recall, they also mentioned they had achieved a vertical depth of 2500 metres on Maverick 1V in 18 days. We are well beyond 18 days here and no updates yet. Can anything be drawn or inferred from this? Thanks.

https://falconoilandgas.com/2022/11/30/granting-of-stock-options-4/

https://www.moneymorning.com.au/20220924/watch-closing-bell-origin-hands-tamboran-a-gift.html

Interesting how the deal is described here.

Did FOG have any idea what was going down? Very weird since Sheffield is share holder. Or they knew and have a plan? No clarity and no follow through with a constantly changing storyline. Very frustrating.

https://www.theguardian.com/australia-news/2022/sep/07/nt-labor-members-at-odds-with-government-after-call-to-ban-fracking-in-beetaloo-basin

I know anything negative is frowned upon here. I spend years following this board but could not post for some reason. It was great source of thoughtful information. Seems now if someone has a different perspective they are attacked. Bummer.

I have a small position here. Used to have a much larger position. Seven months ago POQ was telling us they were going to poke a few holes in the group and sell the asset. Now, he is talking about dozens of wells and achieving production. I did not hear in the presentation how all that would be funded. I am not an experienced gas exploration investor...but seems the goal post moves often with FOG. So often, this board spends much time speculating because they are forced to do so.

Another concern, because I was around at that time, the moratorium came on very quickly. And seemed to last forever. Things can change quickly with FOG. Not everyone has a rosy outlook on this asset. And I think it is prudent to recognize those positions.

https://www.abc.net.au/news/2022-07-20/beetaloo-basin-gas-solution-to-national-energy-crisis-questioned/101249492

See article above. Several months ago I also posted a link to an article in a science journal questioning the accessibility of the Beetaloo asset. Unfortunately, I was deemed a "greenie" along with other strange accusations. Regardless, in reading that article there was a comparison to a similar asset in South American and how it took hundred of wells before the assert became valuable. My biggest concern is here is that POQ--while he paints a rosy picture--is really being forced to go the route he explained yesterday. Because FOG (and its neighbors) have had limited success (and very expensive attempts) poking a few holes, even if successful, is not to create any value here. And a lot can change over the next few years while they chase this asset.

Just food for thought from a someone who know nothing about drilling. I will not add to my position and will watch over the next six months. To each his own.

Hydro-

I’ve been following FOG for many years. I’ve also followed this chat for many years. It wasn’t until a few years ago that I could create an account….maybe because I am state side. Your personal attacks are silly. FOG has constantly moved the goal post. I found FOG after following a Deloitte analysis on the area prob ten years ago. I have been in an out and only made money off this play. Had I kept my money money in it all this time I would not be up. End story. I will continue to follow FOG. Pointing out they are inconsistent in their plan is well documented (just go back and listen the last video they put out). Frankly, I hope they get a better handle on messaging as I think it would bring short term value to this stock. Longterm will all depend on the what they can achieve. It’s a high risk play. Most investors prefer companies that can tell you where the goal post will be and execute a plan to achieve the outcome. If you think FOG has done this…..ehhh OK. We disagree. But I continued to follow because there is much to be gained if they are successful. Good luck, but I’ve made money off FOG. Have you?

Fog keeps moving the goal post and is inconsistent in its messaging. It does nothing good for the day to day price. The only thing that will make a difference is proving commercial rates. If they are talking 2024 now as a possible sale date smart money is going to park itself somewhere else for the time being.

Well, never ends. Play with dirt and you are bound to get dirty. Such a shame as I suspect this will not be a good outcome and cause further delay.