Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Viktor and Blair along with other shares holders of scale could be buying millions more shares at significantly lower prices to average down. Someone could of bought all of Sweetpeas ect. No buying from big shareholders or management. period! They know how deep there are in this and see throwing more money at it is a fools game ; or they would double down like some people on this board. Smart investors, big or small realize when they have made a mistake. That's why the price keeps plummeting.
Another vertical accomplished another nothing! Try to restore flow at Kyalla ain't happening. It's a bust never commercial! Going back to .Amungee for real? One more wasted year! They are doing nothing to prove up this property. Man I'm glad I sold 370 thousand of my 380 . Go back 10 years and all posts are the same !Look at SA same also..Nothing then nothing now. Remember I said you can always buy a cheaper and look at the price, it's always cheaper. Keep paying a treasurer for nothing and a golfing CEO plus give cheaper options.
A year ago or so I bought Origin and sold all but 10000 of Falcon. Besides owning most of this play you will get a .13 cent a share dividend if you act now. They already paid .23 cents earlier. Just saying .36 cents in dividends plus some share appreciation . It is now down to 3.5 dollars.
Just be patient has worked only for company officials who line their pockets, create no value then reward themselves with cheaper and cheaper options year after year. POQ has no desire to speed things up ! Draw a salary, wait make more money and golf then issue yourself cheaper options. Rinse and repeat like last decade. Most CEO's put at least a little money where their mouth is but not POQ.
The payment of 6 million dollars is due on April 30, 2022. Of course it could be extended , bought by someone else ? I don't see where Origin paid one dime towards the extension.
When in August 2020, Falcon would not pay TOG 5.625 million for a 2% royalty ,management knew their options were not worth buying ! Lets say some of you think this field is worth 2 billion dollars then 2 % is worth 40 million dollars which Falcon passed on ! Think about that! So why would POQ risk one penny on an option with worse odds ? You are right and he didn't. If the field is worth 2 billion and Falcon has a billion shares out and they only owns 22% the buyout price OMG no options for me.
As i said weeks ago this well is a bust ! Origin said if it can clear fluids they expect same results of 1 -2 mmcfs which would mean this is another failed attempt . Yes there is trillions of gas there and just like Hungary those billions of MMCF s are right where they still are and unobtainable!
Thanks for the recognition on plug went from under $4 to $70. Also mentioned 3 other the worst is up 242%. Just before that I said I was getting out of Falcon and buying Origin . That move was lucky , next day up 50%. Still hold Origin ,Pure Gold sold the rest at a profit. Do still have a tiny 10000 shares of Falcon.
Seen on this site an estimate that well has already cost 69 million and we not finished . But I have a question , since the nitrogen lift is going to be put off , how much harder does this get ? I was told you want to get in as soon as possible because the salt becomes more and more problematic with time. The fracs get plugged the water gets heavier and the success rate falls. Maybe someone here knows or why doesn't our Bada explain instead of just read Origin's statements. Will the hole be lost?
There has only been one wet year since Falcon started this BS wet season in the desert . It is a lame excuse. The salts are starting to harden to solids, these fluids are congealing ; the process of bringing gas to the surface is getting a little more difficult every day. Nitrogen can only do so much. The depth and length are huge factors . And again we just see our petroleum engineer say he has read the statement ! WTF ,no comment , what is he paid for ? I read the press release also. Tell us WTF is going on ! How many questions were asked at meeting ? So I think we just go on speculating and listening to boards opinions from people like me with very limited knowledge since no one asked and Bada slept threw the presentation without comment. POQ 4 more years .
It won't. Been trying to visit with a petroleum engineer who I will get back with soon. Seems like you want to expedite the matter; the longer you wait the harder it becomes , physically and technologically . Don't think I have the answers to his questions. Depth, total length, salinity, aquifers ,choke and tubing size. So I think this may be a question for our Hungarian Expert who just always signs off. Maybe he should earn his pay with an educated answer from facts we don't have or understand !