Member Info for dprussky

@Longknife I've been trying to understand why the Shenandoah well hasn't significantly impacted Falcon and Tambo's share prices. I believe the issue might be the well's location, as there isn't an easy way to deliver the gas. Until Tambo develops a concrete plan to connect the well to a pipeline, I think we'll continue to see the stock prices remain in limbo, regardless of the results from upcoming wells.

Good read. Thank you

Https://www.institutionalinvestor.com/article/2dewhynqvul6883y3cuf4/hedge-funds/a-hedge-fund-eyes-an-energy-ipo

Intresting read, not sure what to make of it but sounds very intriguing.

I finally had the opportunity to review the AGM presentation and I am a big fan of DSU and the Checkerboard strategy. However, I strongly believe we need someone from the US shale industry on the board or as an advisor. My concern is that POQ lacks the experience to navigate the complexities of this sector, and this is not the right time to start learning on the job. Additionally, I am thinking long-term, around 15 years, to see this strategy mature and generate significant returns. In the short term, the situation will likely remain the same until POQ takes a more aggressive approach to marketing. First Sale of DSU may start moving this stock in the right direction. May get back of buying some shares as price looks attractive and what another 15 years :)

I guess the difference is both of CEOs for Tambo and Empire are running around repeatedly saying: "great asset"

I was not able to join the call, but from the comments below., It appears we have problem. Anything positive? from the call

Maybe good read for Falcon holders https://empireenergygroup.net/wp-content/uploads/Research_BOE_20220602_Final.pdf. Similar Sentiment as Schlemiel post.

Excerpt:

The consolidation of the US shale gas industry - The dramatic increase in corporate activity in the United States and resulting consolidation of the shale Gas industry is significant for understanding valuation metrics – the sector spent US$234billion on Merger and Acquisitions in 2023 alone! In the biggest deals, like Exxon’s US$59.5 billion acquisition of Pioneer Resources and Chevrons US$53 billion acquisition of Hess, acreage considerations were cited by both acquirors. The location of the Beetaloo Basin, on the “doorstep” of the major Asian LNG markets, will not be overlooked by the gas Majors.

@Longkife

I am confident they will execute a successful IPO and have no issues raising funds. Although my investment in Tambo is currently in the red, it's heading in the right direction. Importantly, I have clarity on what to expect next and when. While I’m not a fan of their bombastic approach, if it benefits the company, I can accept it.

The majority of my investment is in Empire, whose steady strategy, focused on preserving capital and sensible spending, aligns with me and how I would do things . Additionally, I appreciate that the executives have significant portions of their own money invested in the company.

Thank you Oleo for taking initiative. I am very much hoping they take this seriously.. I do not have enough shares of falcon now to even make micro dent but my vote was NO across the board for everything

I think it will be fair to ask for the dates with this statement and redo compensation package for POQ to be based on the delivery to those dates. As of right now we are floating with out particular goals in mind. We urge the board to provide a comprehensive update on FOG's development plans "With approximate dates" for the Beetaloo Basin, the South African assets and its overall financial strategy. Transparency and clear communication are essential for maintaining shareholder confidence.

Oleo I think open letter can be good if published on LinkedIn. There is not anyway to ignore it.

In the past, there were various moves by POQ that could be debated, but from my perspective, I don't see how the current actions will benefit shareholders in any way. I simply do not see any path forward that benefit LTH

Looks like that is what market was waiting for at least for the Empire and Tambo. Good Volume last night with some good looking gains. I am little surprised that falcon is unchanged.

It feels like it's Opposite Day with these guys. Initially, we said we'd never go to production - we'd sell it long before then. But now, we're moving ahead with production. We were told we wouldn't need to raise money until we actually did. We're in talks with Origin, but it ends up being sold right under our noses.

Looks like it was spot on

Around the middle to the end. AU talking about Tambo results and BS investments really positive. https://www.raasgroup.com/live/asxeeg-empire-energy-group-raas-interview-8-april-2024/

Https://www.finnewsnetwork.com.au/archives/finance_news_network458896.html. Maybe good one to listen, since it is about betaloo

This news confirmed for me. That FOG CEO and Board are completely inert and happy to maintain status quo for as long as possible.

For a while, POQ maintained that they wouldn't proceed to production and would sell well before reaching that stage. During one of the calls, POQ expressed strong certainty, which seemed unshakeable. However, the situation has shifted, and now we're moving towards production with the possibility of a sale down the line. Most long-term holders (LTH) likely invested under the assumption of an eventual sale, rather than seeing the company go into production. With another two years until production, investing in the company at this stage might seem like a lengthy commitment for many.

Looks like we're seeing some solid buys going down! Any takers on why folks are jumping in so early? Flow rates are coming up in about three weeks. Is it just FOMO, or do you think there's something big brewing, like a possible buyout?