Member Info for gonoles

I don't think you are a puppet when you see the future and maybe try and see what other options are out there. I said a long time ago that Bryan Sheffield was focusing on consolidating all three companies in the Beetaloo. Scott Sheffield is his Dad, and is the one mentioned in the article, but with the completed sale of Pioneer to ExxonMobil, I would say that frees up a lot of cash to do what you want to do for the family. Scott Sheffield was formerly on the Board for Santos when they were starting in the Beetaloo . Hopefully POQ can negotiate a bidding war. I think he just wanted to prove the value to make it a little bit more expensive after the two wells are done.

Thanks newtofo!

What worries me about these agreements is they don't mention Falcon as part of the JV. Does this agreement exclude Falcon? or is Falcon responsible for its own agreements.

Tamboran Resources has announced that the Tamboran/Sheffield JV has entered into a 10-year Gas Sales Agreement

BS now at over 8% ownership. Looks like all three being bought out slowly.

Yes a Fidelity account.

I think the listing on the US exchange is starting. My Fidelity account is moving shares to Yo bought Tamboran res corp 200:1

Https://www.linkedin.com/feed/update/urn:li:activity:7188784803159199745/

Video of the Chief Minister on location at Tamboran -- pretty good endorsement I think.

https://themarketonline.com.au/tamboran-signs-gas-sales-deal-to-supply-the-top-end-2024-04-23/

News being carried online.

Northern Territory News had another good article but couldn't find the post past the their subscription requirements.

https://www.skynews.com.au/business/energy/tamboran-resources-secures-energy-supply-deal-with-the-northern-territory/video/96e93e3b12b295d3e2df95a4335f202f

They say they will be selling gas in 2026.

I guess it helps to have someone with marketing experience on your board.

Https://hotcopper.com.au/threads/ann-tamboran-sign-binding-gsa-with-northern-territory-government.7963058/?post_id=73469171

So do we assume our gas gets sold via same channels?

Https://apps.sentinel-hub.com/eo-browser/?zoom=18&lat=-16.84113&lng=133.65198&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2024-04-22T00%3A00%3A00.000Z&toTime=2024-04-22T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22

So Tamboran/Falcon announced a 500 frac job and everyone was saying that it needed to be at least a 1000 job.

But it proved out that the frac would work with the new frac solution they came up with at the cheaper price.

However the industry doesn't think it still proves out.

The Deal by (BS) was made to simply make it through the two 3000 frac jobs this year.

As tda4falcon so aptly stated "I could pick up shares at around 9 cents today and make 230% on my money."

However, I'm too heavily invested in this stock to pick up more at this point and time.

I think that since Thomas Layman, a Falcon Director and geologist, also bought shares -- he feels it is a good investment. I feel better with that positive endorsement. He has access to more data than I have.

Yes, like many others I have been invested in this for too long and feel like dropping a few shares for a good bourbon.

If they prove out the sp will rise and then a buyout will be negotiated.

We already know the buyer -- and unless another party comes in and bids much higher -- it will merge all three companies.

My goal is to hang out for the year and see what happens.

I'm not too happy with it all but cheap Jack Daniels helps.

May have to switch to Irish Whiskey and see if that mojo magic helps us out.

Hang in there -- too much potential and no reward yet. But potential is there.

Think about it -- you buy out Empire to get a processing facility that has excess capacity to Empire's needs and Tamboran and Falcon for the better acreage potential. And then build your own local pipeline to the processing plant and by 2025 you are selling gas and continue to drill. Someone (BS) is putting the pieces together and providing the initial funding.

Even if he (BS) doesn't get it all -- he will make a windfall profit with a different buyout.

It all boils down to the next two 3000km wells. If they prove out BS will try and buy out/merge before any other suitors are involved -- but if other suitors are sniffing around it may go much higher. My guess is no one is offering at this time other than BS and after the next two wells -- we will see more. Anyone have an update of how much BS owns from all three companies now?

I think the master plan is to make one company after the next couple of wells are proven out. Smart bets will probably buy and we will see some value. But as we have said all along the real value is the buyout not the sp. you have to prove it out first.

So at about 13:30 seconds of the earlier reported RAAS group interview with Empire, https://www.raasgroup.com/live/asxeeg-empire-energy-group-raas-interview-8-april-2024/ it turns into a love fest for Bryan Sheffield. I own shares in Tamboran, Empire and my largest is in Falcon. I think the final intent of Bryan Sheffield will be to consolidate all there companies under one roof upon further proof of the resources. Or possibly before that time if he wants it at a better price. I was upset with POQ for not proceeding with the initial next set of wells. But if I look at it now -- and not aware of any backend conversations -- he may realize the real value is in not diluting the company and maintaining our percentage of interest and then let everyone else pay to prove it all up -- and as the Empire board today stated --

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So Sheffield & Liberty each get approximately 48,125,000 shares (I.e. AUD 7.7m ÷ 0.16 / sh) and there are 243,750,000 shares issued. Like to know who else shared in the balance of 147,500,000 shares.

by my calculations Sheffield's holding increases from 5.27% to 8.74% (i.e. 40,793,270 sh pre CR + 48,125,000 sh from CR ÷ 1,016871,148 TOTAL SOI (post CR)

He holds 12.98% of Tamboran. A merger is quite likely

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If I'm not mistaken I think he owns more with Tamboran and Daly Waters as a 50/50 partner on the Beetaloo of Tamborans portion with our 22.5% up for grabs by someone.

I think it would be smart and cost effective to consolidate corporate overheads and manage the whole process under one roof. I wonder if any other company is interested too?????? LOL Interesting times. Still think it is a good investment.

Thanks good to know.

Posted on Empire board

$30.8m at 16c.

EEG is Australian oil and gas company holding 100% owned andoperated assets with shale gas targets in located onshore Northern TerritoryBeetaloo Sub-basin and central trough of the McArthur Basinc.

This deal comes on the back of yesterday’s news that EEG hascompleted the sale of its US assets for US$9.1m. Followingcompletion of the sale, upfront cash proceeds of US$5.9 million were receivedby EEG and the existing US Macquarie Bank loan of ~US$4.6 million was repaid infull.

Cornerstone support hasbeen obtained from US investors including binding commitments of:

· US$5M from Bryan Sheffield,who was previously Chairman, CEO and Founder of Parsley Energy Inc., a majorindependent shale player in the Permian Basin, Texas.

· US$5M from Liberty Energywho specialises in hydraulic fracturing services and will bring their knowledgeand expertise to Empire’s Carpentaria project.

o Each of Sheffield and Liberty Energy have signed royalty deeds(each royalty deed entailing a 2.25% overriding royalty interest over EP187 forconsideration of US$2.5 million each). Royalty is calculated in accordance withthe NT Government net-back with deductions limited to 30% of gross revenue.

Verbal commitments from major Australian and US institutions havealso been received pre-launch, so I suspect the book is fully covered. Clearlythere is plenty of interest in the Australian shale assets.

Don't think the sale of US assets is what has the trading halted for Empire. Says they are halting trading until Wed.

They had already announced the completion of the sale of the US assets earlier.

So I think something else is the reason trading is still stopped.

Waiting to hear why?

Makes a good case for the Beetaloo and they will be in production in 2025.

Https://ieefa.org/resources/beetaloo-10bn-pipe-dream-gas-producers

Very negative “financial look” at the Beetaloo but when you look at who funds this “nonprofit “ you see a lot of climate change activists.

Https://apps.sentinel-hub.com/eo-browser/?zoom=17&lat=-16.84138&lng=133.65225&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2024-03-13T00%3A00%3A00.000Z&toTime=2024-03-13T23%3A59%3A59.999Z&layerId=6-SWIR&demSource3D=%22MAPZEN%22