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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.
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.
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.