Member Info for BCnatgas

Looks like its turning out to be a Beetalooser, the history of this stock is abysmal. It doesnt matter how low this goes, people will not accept management has consistently dropped the ball here. Keep posting weather reports, flare sightings, truck convoys, road conditions etc, instead of looking at the real problem, execution. 9 years of excuses are slowly being seen in the stock price, you can only string people along for so long. Another laughable drilling program this year which will most likely do nothing for the share price! Meanwhile back in Ireland, golf season is just getting warmed up!

Meanwhile, over at the Empire claim things are slowly edging upwards, and I wonder why that is. Its called COMMUNICATION!
Remember $9.5 million cad payment coming which is potentially another downside force for the stock. $4 million dollar premium for a two year extension, EXTORTIONATE. They must be running out of shoes to drop, they just have to be, wouldnt you think!

Stebol, I can tell you most people here arent trading this for a couple a bucks, most have been hare many years and over a decade for some. This dog and pony show rambles on forever, another shoe will drop soon and someone else will come along and say its all in the big picture, just wait a bit longer Mr sunshine state must be drooling with all the cheap stock out there!

Stebol, at 7p and the buyers in a frenzy to buy this outstanding deal, I can certainly see your optimism.

correction, the dilution would have been 25million shares in 2019, not 45 million.

Tens of thousands of penny stock out there to pick from and Falcon with virtually no short position, are you joking.

Meanwhile, Empire comes out with positive , concise, forward looking news releases. Falcon has a $9.5 million cad debt coming due August 22nd 2021, the stock was worth $.22 cad in August 2019 when the debt of $5.7 million cad first came due. A 2 year extension cost a 66% premium while we have watched the stock cut in half during this time, sound like a good deal. So,one of two things are going to happen, 1. Pay yet another extortionate amount of money to push off the payment once again, a 66% premium based on last time would add roughly another $6 million cad to the debt owed, bringing it to $15.5million cad, or 2. Complete another 85,000,000 stock dilution to payoff the debt now, which would have only been 45 million share dilution back in 2019 based on the price now and then. The original deal was done in April 2019, so expect yet another shoe to drop in the next couple of months unless im missing something.
Allows Falcon to exercise its 30% share of the call option up to and including 31 August 2021.Falcon to pay US$500,000 to the TOG Group for granting the ExtensionThe cost of exercising Falcon’s portion of the call option increases from US$4.5m to US$7.5m.
The Extension granted to Falcon does not change the rights or obligations for Origin under the original call option agreement.

Philip O’Quigley, CEO of Falcon, commented: “Falcon had originally envisaged the call option decision would follow the completion of the Beetaloo work programme under the 2014 Farmin Agreement with Origin. In consideration of the delays to the work programme due to the moratorium on hydraulic fracture stimulation in the Northern Territory, this two-year Extension enables Falcon to further progress the Beetaloo work program, allowing Falcon make a more informed decision with the additional work completed while providing greater financial flexibility over the next couple of years.”

Like I said before, they will always look after themselves. You have to cut them some slack, this stock keeps hitting lower highs and lower lows, epic, I dont see why management shouldnt reward themselves. Just wait for the next dilution, because its coming, 100% guaranteed!

Like I said before, they will always look after themselves. You have to cut them some slack, this stock is ready to skyrocket, or thats been the rumor for the past 10 yrs.

NT, Your right I didnt specifically refer to Bigones comment, I apologize. That payment should have been paid by Falcon on time, we know why it wasnt. POQ needs a float to keep his never ending gravy train going. I suspect some type of dilution once again before this particular fiasco is rectified. Just hope the share price recovers before the inevitable happens.

NT, I was referring to an extension, sorry I had to spell it out for ya !

Origin didnt pay anything.

"I haven't seen examples of where stygofauna have actually stopped projects, but there are certainly examples in Western Australia where projects have been delayed until the proper background research has been done to understand the potential impacts," he said.

"Projects have been subsequently modified in order to reduce and minimize those impacts."

Gas industry body APPEA said the Northern Territory's code of practice for gas well construction outlined strict controls to protect ground and surface water, including requiring multiple layers of steel and cement to separate wells from aquifers.

TN, I ride this board hard and I also have been here 12 + years and am deeply invested. Those last press releases were fluff for a well that is not performing, putting lipstick on a pig, its still a pig!!! People come and go here but one thing remains constant this stock continues to underperform...........................................................

Critical input in your mind has been 10 years of BS from multiple posters. This stock has under performed forever, you can keep your head up your a@@ if you like, but im calling out years mismanagement. My guess at this point is Origin might want to dump their interest, but we will see. Facts are facts and all the dreaming we do isnt going to change anything, in the meantime im going call them out and hold their feet to the fire....... By the way hows the the buying going today Rockefeller!

TD, you can gladly buy buy buy all you want right now for the discount your looking for without me selling, maybe with your big wallet you can move this stock up.5 cents today. Put your money where your mouth is! Oh yes, its a conspiracy of silence as well, you cant make this sh@t up, beautiful.

TD, buy away, much as you can buy at 12 cents today maybe lower tomorrow. I love the fact that nobody here can handle any critical input, funny. Keep the dream or nightmare alive, I know I am!

whittle whittle away, no surprise here, lower stock price than when POQ took over and we own 77.5% less of the only asset worth anything. The expert negotiator, good one! .12 cents and heading lower. I know its 4 to 5 dollar stock just wait another generation.

H2, that so called free carry cost us 542 million based on the valuation stated by origin, not to mention any potential upside from our future carry!

If the beetaloo is worth 700 million at this point and we have done roughly on the high side 100 million in drilling expenses over the past 5 years, sure looks like if we raised the capital ourselves we would miles ahead valuation wise $.60 per share. Even if you account for the 300 million in drilling expense for the whole program, at this point we would be valued at .40 per share going alone. I realize this has been a crap shoot from the beginning, just tired of being at the sh@t end of the stick