Member Info for gonoles

Empire just posted Sheffield owns about 41 million shares

I don't have the software to see individual sell orders, but from what I see with Fidelity it looks like at 9:56 and again at 10:19 there were million share sell orders put in. And for a stock that has a 90 day average share volume of 212,000 shares we just went through a 5 million share day. So someone must have set some sell orders out there to execute when they hit a set amount and others bought. For every seller -- there is a buyer. Can't wait for someone to finally announce to the world what next quarter's drill schedule is. It may calm the masses. And I don't mean we are drilling next quarter -- like maybe a date. But also don't know if they have approval yet from the environmental review.

I also think Hardroc said it needed a 1000 frac versus 500 to prove out

When they announce rig on site it will probably be too late. I think everyone expected a Sheffield buyout and I just think it needs two more wells to prove out. But then you may have more bidders.

Up to what the buyer wants and is willing to pay.

Up 11% on early morning trading

Presidents Day in the US. Stock market and all banks closed today.

Yes a big anti-monopoly advocate who went after Amazon. But I tend to find that money donated to political parties comes with strings normally attached. We shall see. I think they already have their money with Formentera Partners equity fund. Just need good drill results this month. In the interim, I do like the upward trend.

BorntoBouggie,

I agree fundamentals are looking good - however -- for the Pioneer/Exxon Merger

Exchange ratio of 2.3234 ExxonMobil shares for each Pioneer share represents a market premium for this merger

— ~18% premium to Pioneer’s undisturbed closing price on October

and a ~9% premium based on Pioneer’s 30-day volume weighted average price on the same day

I feel the Sheffield family - (Scott Pioneer CEO/former Santos Board Member and Bryan Sheffield ) are going to be flush with cash. However who funded the Formentera Partners equity fund? Oil people from Texas I assume.

When one considers the recent purchases in the past year by Bryan Sheffield and the amount of play/ownership they now have in the Beetaloo -- someone is moving forward. Buy now and save a dime/dollar a share later. LOL

DALLAS, February 07, 2024--(BUSINESS WIRE)--Pioneer Natural Resources Company ("Pioneer" or "the Company") (NYSE:PXD) today announced that the Company received shareholder approval for the pending merger with Exxon Mobil Corporation ("ExxonMobil") (NYSE:XOM).

That may have an impact. Since BS sold his company to them.

So lets assume that we are the first to notice the total amount that Bryan Sheffield has accumulated under his control. Since I haven't seen a consolidated invetment view on this anywhere. Which doesn't include Empire but he controls 45.82% of the Falcon/Tamboran/Sheffield permits. Now we can look at two scenarios for the press - 1. Keep quiet so that the prices don't rise and a buyout can be done cheaper or 2. Let people know how much Bryan Sheffield, Permian Basin billionaire, has invested in the area in all companies associated with the Beetaloo to drive the price up.

We all wonder about this current well -- but with that much money invested, and money raised, they will continue to do test wells and continue to explore in the future.

This is the story that needs to be put out into the press to get people interested in US in the investment. Not regurgitate a Tamboran press release. Wonder what Falcon will do?

I assume the end game is to merge all three companies into one to pool resources, cut costs and increase profits. If you are a major shareholder in all of them -- you can start to put some pressure to bear. Or buy them all out. LOL

BorntoBoogie

I was just trying to see how much Bryan Sheffield had invested in the Beetaloo. As we are all a little nervous on the final numbers at the end of the month. I assume that someone like Bryan Sheffield who sold a fracking company for a fairly hefty sum, probably has access to all reports and with due diligence, is reinvesting a good percentage of his gain from that sale in the Beetaloo. From sources I found on various articles online, these were the numbers that I was able to find. If someone has something more current please revise this.

After his deal with Tamboran he owns 38.75% of the Tamboran/Falcon agreement (he has 50% of the Tamboran deal) - source https://www.smh.com.au/business/companies/the-texas-billionaire-betting-big-on-australian-gas-20221014-p5bpvk.html Although now I see he also put in another $8 million on the retail entitlement offer. https://www.investi.com.au/api/announcements/tbn/c7c1e764-426.pdf

Sheffield will hold roughly a total of 90.4 million common shares of Falcon, representing 8.66% of Falcon’s issued and outstanding shares - We now say it is 15% due to the last investor meeting online. .

$8 million in Empire Energy. Source: https://www.smh.com.au/business/companies/the-texas-billionaire-betting-big-on-australian-gas-20221014-p5bpvk.html Anything else?

Am I missing anything? I don't see a combined total on Tamboran as of this date, but also since I'm in the US I don't have access to a lot of the info in Australia. I assume that if he is investing that much money it makes my investment of my paltry sum of money feel better.

So if I have my numbers right:

After his deal with Tamboran he owns 38.75% of the Tamboran/Falcon agreement

Sheffield will hold roughly a total of 90.4 million common shares of Falcon, representing 8.66% of Falcon’s issued and outstanding shares

$8 million in Empire Energy.

Am I missing anything?

Empire Energy Group (ASX:EEG) - Getting close to the FID pointy end

Research as a Service (RaaS) has published an update on energy producer Empire Energy Group (ASX:EEG) following the company's Q4 CY23 quarterly cash-flow report. A project sanction could be delivered Q1 CY24 subject to requisite regulatory approvals. The company is targeting a February submission date for environmental and other regulatory approvals whilst continuing with operational agreements (pipeline and field designs) and financing options.

The success case would see construction commence in H2 CY24 and first gas in the early part of 2025…project definition can drive a material re-rating for EEG.

We maintain our view of EEG as the low-cost, strongly-leveraged exposure in the play, holding a significant early-mover advantage to deliver high calorific/low CO2 gas.

We model a base-case (mid-point) valuation of $903mn ($1.17/share) with an upside case to $1.54/share. The reference price is $0.18/share, which puts it at a significant (c.82%) discount to our low case valuation ($1.01/share).

Anyone see what Cavendish put out today. I got an email but since I'm in the US I don't have access.

Https://hotcopper.com.au/threads/ann-nape-conference-houston-presentation.7818418/?post_id=72102322

Try this link instead

Https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL5g69zRHxv%2FJ8%2BLFiGug%3D

Looks great!

895slo

I saw this article a while back about Sheffield and fell you are slighting him as someone who didn't pay his dues. I think you are wrong.

https://pboilandgasmagazine.com/oil-in-the-family/

Money put him in position to move forward, and family contacts helped -- but he also paid his dues.

I also want to see this bird fly -- in fact I would love to see Falcon, Empire and Tamboran explode as I have stock in all three and the majority is in Falcon.

As far as Tamboran press releases are concerned -- if you figure Sheffield could put people on the board -- why did he put on Ms. Reed. I would say it is marketing. I know we all want a press release on a successful drilling but hard to do that when it is still drilling. Hard to raise the price if no one markets and all I hear are crickets with Falcon. When you look at down time between well drilling -- Tamboran is putting out posts on the need for oil and gas in Australia, climate change transition, oil and gas shortfalls by 2030, quarterly highlights, etc. . They post on LinkedIn -- regular news feed to people following the company.

From her bio on Tamboran.

Ms. Reed serves as Partner of Formentera Partners. She oversees all aspects of business development, land, geosciences and marketing/midstream at Formentera while additionally assisting with asset management and operations.

She brings with her over 15 years of oil and gas experience. Most recently, Ms. Reed served as Vice President of Oil & Gas Marketing & Midstream at Pioneer Natural Resources Company (NYSE: PXD).

Ms. Reed worked alongside Sheffield for more than a decade at Parsley Energy. Prior to Pioneer, she served as Senior Vice President of Business Development, Land, Marketing & Midstream at Parsley. She has led business development and integration efforts for over US$20 billion in asset value.

Ms. Reed graduated from Texas Tech University with a Master of Business Administration and Bachelor of Applied Science. In 2019, Oil and Gas Investor magazine awarded her with a spot on its distinguished “Forty under 40” list.

MARKETING isn't SALES. Marketing gets the information out there to create an interest in the product. Different people want different things -- But you Market if you want to sell. Hopefully they are marketing a lot to future buyers.