Member Info for dprussky

I sold everything that I was able to make profit and moved it into Empire. Also I will continue the hold the rest until next bump in price, which may not happen :)

Looks like we need submit the proxy thing in US.... anyway I was hoping to get some good q&a going even if it is through email

Furthermore, if you have obtained a US legal proxy from your financial institution, please e-mail a copy of the legal proxy to uslegalproxy@computershare.com prior to the meeting.

Thank you! good info

We have AGM on the ninth, and I think it is virtual so I am hoping to attend the meeting . Did anybody seen any info about it??

I followed discussion about the tubing and everyone saying that Origin has been failing at their job. I disagree Origin has plenty of time deliver so why spend the money, if you can just wait and see that gas/condensate will push the water out. It is delay but if we want to get this production they need to follow the cheapest possible route and not necessary the fastest. I also do not think the time pressure from Falcon farm out is there anymore. The old Falcon presentation used to have time and number of wells, but since re-negotiations this info has been removed and we truly do not know what contract terms are set for Origin/Falcon and if there is new timeline. I am assuming there is, but that is kept confidential.

Assertion that minority partner does not have any input on the work that is done by operator is not correct everyone has to agree on way forward, since there is monetary impact. So if you want to blame Origin on the tubing you also have to blame Falcon, since they did signoff on the work program.

Now interesting things, Origin is looking for the farm down, that is bit surprise but also interesting as we have the final report out from the government and their NT/Beetaloo investment strategy (sorry link is no longer available) . I say it is invitation to government to take minority interest in the project and for the Origin/Falcon to recover some of the costs. It maybe a bit of the push on Falcon to give up their interest and sell it to the Feds… but I do not think this is the hard pressure but more like an option to consider. So that is maybe our best opportunity to sell the asset now, so if that is case POQ has lots of work ahead (confidentiality of the farm out agreement makes a lot of sense as you do not want others to know the timelines and costs)

I say there is a lot of heartburn going forward for everyone. But we are very close to our goal will see if any of this metalizes next year.

I think it is important to have some perspective on this frac. This is the first horizontal frac in this 400 Million old formation....

that is about 200KM round trip..... I hope the bike has motor

The flare should be next to the black square right above it. That is where the well is. The bright spots are buldings, water and parking lot with cars. The sunshine is reflecting makes it very bright.

Here is pic of our site in Beetaloo https://api.soar.earth/short/sr6o9a2r46 it is low res but it Is insane you can actually see the site

Now there is maybe flare on the image from the Oct 20th as there is dim yellow light but I suspect this is something else

I found site satellite images which are low resolution and it does not look like there is flare as of Nov 14th. I compared it to October 20th. Another set of images ~ Nov 19th

Coordinates for the site Lat -16.34 Long 133.651

Armour energy was at conference and their preso was published to their shareholders same day. ...

https://youtu.be/tamkTRNng3Y

Haha

Poods you giving me way, way too much credit, but in my opinion we "share holders" do not have enough votes to go against the board and even if we did it is highly unlikely we can get 100% people voting in the same direction.

I have not seen the proposals yet, but I suspect more options for POQ, which has been an issue for me last year. Overall I have been slowly moving some of my investments from Falcon to Empire as I believe Empire may have better outcome as I see Empire leadership is getting more and more invested in their own company, which is huge plus for me.

Silence from POQ maybe an indicator that everything is done with Origin and we are just waiting for the right time to disclose deal details,( staying silent is much better then saying too much) some will argue that we need to have complete picture before deal negotiated, but I do not think that is the case you can have deal completed with % and then it is just matter of plugging in the numbers which are calculated by industry standard methods. Anyway that is where I am, I am betting on Beetaloo just do not want to stay in the single company

Worth listening https://www.youtube.com/watch?v=vkSoBqI3pZc

Origin told us that they willl deliver results in the 4th Quarter 2020 and extend test 1st Quarter 2021, every ones hope they will say about initial flow, but they did not say they will do that. Hold and wait

somewhat unusual majority of the trades were in London.... with the few big buys of 420,000 shares

Their press release from today, sounds really good

https://www.abnnewswire.net/press/en/102971/Tamboran-Resources-Limited-Positive-Results-of-Vertical-Frac-and-Gas-Flow-Tests-in-the-Beetaloo-Basin.html

I think Plods may have been successful in the efforts to find buyer for those shares. In any case good news. We should be getting 30 day flow rates in the few weeks.

It looks like Origin meeting has been highjacked ones again I think last year it was very similar. Anyway good article in "The Australian" has some solid perspective ttps://www.theaustralian.com.au/commentary/gas-is-fracking-hell-to-protesters/news-story/2fb1fb147cf8d41f666b5d7149751886

"The process naturally leads to resentment among those who miss out, generating the grievance hardcore environmentalists from interstate are keen to exploit."