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Falcon will raise money via private equity and it will have a minimal impact on share dilution. They are not going to farm down nor will they have to with these flow rates. They nailed flow rates that took many many wells for others to achieve in other areas. And I have been critical of the folks involved. I can’t explain the lack of stock movement but it appears here in the US most of the sales were were small holders. You could watch a sale of a few thousand dollars of stock push the price down a few percentage points. In two days of trading, less shares have been moved then many of us hold. If FOG and TAM nail the next two wells FOG will be sold. Actually, I think if they nail the first one our story ends. There will be no further dilution or anything. They will be sold. 12-18 months. I didn’t understand the rational to sell last week…and I certainly do not understand the rational to sell now. The geology is there. The rate is there. A few more successes and folks will be rewarded. I will be buying more. Personally, I see right now as a very rare opportunity. Obviously, there is still some risk. But I think those who hold and accumulate will be rewarded. And absent a government shutdown or another pandemic, its going to happen within 18 months max IMO. Happy investing;)
Nothing surprising. Nice to hear goal is to still sell the asset. I thinking the potential blue only increases with more successful wells. I heard we will proceed forward with the next two and good results will increase any potential sale. I didn’t expect this to be the end. We have great result and while I had hoped to see lots of green today that may not be the case. But I do think we will continue to up over the next few weeks as more articles are written and valuations are made. We are 100% in a better place than last week. And hopefully it will only get better from here. Cheers.
Https://www.investi.com.au/api/announcements/tbn/8cb35ed7-0c6.pdf
Glory.
My recollection is the stock price actually dropped after the new and then took off for a week or so. I hope to see a news release tomorrow still or at least prior to TBN’s webcast. Is there any chance they only report preliminary numbers and still need a third party to verify?
Must not have much to do. I guess this could be damage control. But then I cannot imagine why FOG would issue the press release stating they are “pleased to announce.” I’m not sure what company would be please to deliver damage control. I suspect we are going to get great news. What impact it has on our share prices is anyone’s guess. But in 2017 we were right around the same prices when news sent us to .32 USD. And I suspect the news we are going to get Friday or Saturday will be better. I still think there will be a press release before the webcast.
Also guessing they will announce the 30 day flow rate prior to the webcast. I cannot imagine they would announce this information at the webcast first. That would seem to run afoul with common practice and perhaps regulatory issues. In any event, seems like a good way to drum up interest prior to good results being released. By my math, they should have completed 30 days on 2/24. Going to be a long week. Lol.
Https://www.investi.com.au/api/announcements/tbn/3633c670-017.pdf
Excellent. One more week. And in the morning so hopefully a sign of good news to come.
Nothing but clouds this pass.
It will be interesting to see what happens if the numbers are good. The plan was to develop an asset and sell it. Not sure what the plan is now. I do think good numbers will push share prices up X2-X3. From there….not clue because I am not sure what the plan is.
There wasn’t one. I think B2B was referring to Wet’s comments about it not being a skin issue and Tam wanting to move on and not have to address the issue…because it was something stupid. I think once numbers come out they will hold another Q and A session. Maybe someone can ask then. Totally uneducated guess but my prediction is we come in between 1.7 and 2.0. Just shooting in the dark but that is my guess.
Question. I was reading the size of the flare is a product of the pressure. And the brightness is a product of the gas makeup. First question: is the Empire well we are comparing to targeting the same gas deposit? And two, if so shouldn’t the colors be similar?
That is a nice pic. If you go to this link and toggle between the L1C image and the L2A image you can see a noticeable difference in the flare size. To me it just highlights how unreliable these images are other than to say there is something there. I dont think we can compare images to get an idea of the flow rate. I’m just hoping tonight’s pass over shows a flare.
https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-16.84144&lng=133.65142&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2024-02-02T00%3A00%3A00.000Z&toTime=2024-02-02T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22
KMJ. It’s a structure of some sort. See satellite pic from December.
https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84141&lng=133.65188&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-12-29T00%3A00%3A00.000Z&toTime=2023-12-29T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22
I am guessing there might a be a lot of factors that go into flare size. How the stack is tuned, weather conditions, the efficiency of the combustion. I don’t think a satellite picture is going tell us much other than we have a nice looking flare. It appears larger than the last photo so let’s just keep our fingers crossed for good results.
Hardrock I don’t think the flare on 1/13/24 was actually a flare. If you look closely I think it might be the square shaped object at the top of the site that shows up bright. I am guessing it was just the way the sun reflected off of it on that day. And why it did not show up on the other filters as a heat source.
B2B called a press releases being made today. Though it came from falcon who prob saw Riddle’s comments and needed to do something. If riddle wants TAM to trade in the US he is going to need to learn to reserve comments or the SEC is going to be all over him.