Member Info for Greenlanteren64

Things are shaping up in our favour for sure, just made my final purchase of 350,000 shares the last two days on the tsx. This will pop 50% just on news of when fracking will commence. Im thinking sometime in July if this bug co operates. These are desperate times and I don't think most governments are in the mood for special interest groups getting in the way of resource development. I believe their starting to realize that onshore gas is the golden ticket to prosperity. Good work Schlemiel.

Remote NT biosecurity restrictions could be lifted early.

Poods, your not going to be popular pointing out the reality of this stock. No other entity is going to buy out the 22.5% share of the Beetaloo deal unless its a package with Origin, why would they. Origin holds all the cards now, they can just cruise along and when the time comes require Falcon to buck up more money or take a little more equity. I feel the only way your getting a return on this stock is selling when the stock price spikes, hopefully. Credibility is lacking at the front office, which is weighing on this stock. Virtually all oil and gas company executives have taken pay cuts as a show of goodwill, but not here!

CSIRO fracking study ‘a good sign’ for NT operations
https://thewest.com.au/business/csiro-queensland-fracking-study-big-news-for-nt-ng-88a932e71c956e1d4ba510bc3c08159a

CSIRO report: Fracking has little to no impacts on air, water, soil
https://www.queenslandcountrylife.com.au/story/6735997/csiro-report-fracking-has-little-to-no-impacts-on-air-water-soil/
The greenies wont like this!

Its only a dilution if you believe the deal didn't add value to the stock, which I believe it did. My beef with POQ is the lack of transparency of past statements that haven't been followed through with, management actually ignoring them completely. When you change direction that quickly, shareholders deserve an explanation, good or bad. Given that, lets get fracking!

https://www.pinnacledigest.com/tsx-venture-investing/why-investors-lose-money-buying-tsx-venture-stocks/
Check out #4
#4 – Can’t identify a broken company:
If you can’t justify a valuation because there are no comparables in and around that market capitalization, begin to question everything. Another litmus test is seeing how well management has hit on its milestones in the past. Are goals typically completed late, or not at all? Is the continuity of the story over the last 2 to 3 years solid, or do press releases jump around and contain promises which aren’t followed through on?

I feel the pain of most posters and that having a positive attitude is generally a good thing. But, holding management accountable for previous statements and actions is important for every shareholder to embrace, either through the voting process or by what we are doing here. There has been no explanation as to why the latest dilution occurred given the past statements of FULLY FUNDED DRILL PROGRAM and the dilution in May of 2019, which in my opinion is just to keep management on the payroll for the foreseeable future, this wasn't the stated goal for that funding either if anyone wants to go back and read the press release. The best predictor of the future are past actions and that doesn't bode well for this company. I am heavily invested here and want it to do well, just have to hurry up and wait!

This management team has deceived at best and outright lied to shareholders at worst. If you believe this behavior will change, your dead wrong. POQ is quite happy to collect his outrageous salary while this stock fizzles away. Its about self preservation at this point for our CEO and COO, as shown by the real reason for the capital raise last May. There is nothing for these people to do now apart from turning on the lights and sweeping the floor, and compensation should reflect this. Our main selling feature, being control of this resource, has now been given away to Origin, making a sale to any other suitor non existent. Origin can sit on Falcon in perpetuity and slowly bleed us dry.

Worn out, dead on the money, death by a thousand cuts. They can, at will, down the line either demand cash for ongoing exploration or take more of a percentage and there is nothing stopping them from doing this.

POQ is quite happy collecting his 60 grand a month, his main goal at this point is to keep the gravy train going. It also shows in his lack of purchasing stock. There should be a concerted effort to oust this clown, he has lied, more than once, and I cant see how it will change in the future! And by the way I hope everyone stays safe!

This was their reasoning for the private placement in May 2019. This 10 mill, in actuality, was for keeping them on the payroll for the next 10 years. This is truly an outrage.
Reasons for the Placing

The estimated gross capex for Stage 2 and Stage 3 is c.US$130 million. Under the terms of the Farm-out Agreement, Falcon Australia is carried for up to c.A$113 million (~US$80 million) for the costs of Stage 2 and Stage 3, equating to c.US$24 million net benefit to Falcon, with Falcon’s net cash contribution estimated at US$15 million, before contingency.

Falcon’s net cash contribution to the first c.US$100 million of gross capex for Stage 2 and Stage 3 is estimated at c.US$5.5 million, before contingency. The Company will use the net proceeds of the Placing, together with its existing cash resources of c.US$6 million, principally to fund its net contribution to estimated capex under Stage 2 and Stage 3 and G&A expenses.

These two clowns are on the payroll for around $1,000,000 a year for a company worth virtually nothing at this point. Maybe some people should take note when some posters have genuine concerns about how this company is run, instead of making crude comments for not agreeing with your Disneyland outlook . Who knows maybe some of the crazies will try to put a positive spin on this as well.

This POQ is a POS, he needs the boot NOW. He will blood let this thing into oblivion, so much for fully funded drill program. This guy is an complete failure and anyone who believes differently is an idot!!!

I think incentives will be on the way from government for drilling in the Beetaloo, other jurisdictions have hinted that help will be forth coming. Nat gas price should benefit from a lack of oil exploration.

Governments going broke may be the best thing that ever happened to gas and mining industry, unfortunately the tragic circumstances that have brought us here are awful. Stay safe everyone!

Like I said earlier panicked governments are now realizing who butters their bread. Alberta's government just announced a large investment in the Keystone XL pipeline, a rebalancing of priorities has finally arrived and the road will be paved with these snowflakes. Governments are going broke and I don't think many people have any tolerance for BS at this point!!!

Check the source, completely false and misleading information.

These are the same executives who initiated stock buybacks and jacked up stock prices only to see valuations slaughtered. All that money invested gone!!! Same companies EG. Boeing who are asking for bailouts after complete mismanagement of company finances. $ 41,000,000,000 in buybacks for boeing in 9 years and now want a bailout for $55,000,000,000. None of these companies had rainy day funds once again. Their insiders are buying because they know the government will bail them out!

At this point most oil and gas companies executives agreeing to pay cuts, I wonder if this top notch leading executive will follow suit, or just bleed what's left into his jeans.