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Oilcountry99,
I agree.
But I will add that it will be taken from FO retail shareholders in the most unethical means necessary and will have the full support and backing of the US government. Like I've said, they have tried everything for years to shake us retailers, now no more BS. Hegemony will get this play.
Article on pricing of oil and gas M&A per BOE, acreage, Flowing mmscf/d, in NA. Article was written in 2016 when oil was $40/barrel. Not the high demand there is now with Europeans about to gravely suffer due to US sanctions and the simple fact that gas prices are empirically 3x the price of NA in Australia and SE Asia. There is also an ironic newfound desire for US oil and gas companies to reestablish their dominance in natural gas and they will go to all corners of globe to achieve that.
https://www.oilandgas360.com/oil-and-gas-ma-what-price-is-the-right-price/
In 2010 when Falcon was the lone player in the Beetaloo with active exploration licence, Bruner said on record that the Beetaloo is a $100 BILLION dollar play...12 years ago when gas was cheaper and no gas crisis! It was also stated that Falcon's potential is bigger than Microsoft. The damage done to this stock and company is far deeper than the daily stock price. I've been a shareholder and this company has been under my microscope for 17 years. There will be investors who have long written this stock off and have it buried in their portfolios for 15 plus years, only looking to set their non expiring limit exit prices. There will be resistance and downward pressure at every penny. And they are trading less than 0.1% of shares daily. Any buys will always be met with sells. The only way the share price reflects the value is if there is some "pop" with 50 plus million shares trading daily or there is a sale, albeit at a basement bargain. Aside from the above, I do believe there has been almost blatant manipulation of this stock...blatant to holders, but subtle enough to keep it under the radar. Because of manipulation, I also feel that is why they have to go into production...that way when they are producing and selling gas, it is true value and can not as easily be manipulated or hidden.
IMHO, of course. Still optimistic we will see value for our perseverance.
I am with Soly from Agoracom on this particular matter. More than 50% of FO shareholders are retail "nobodies" who are longs and know what this is going to be worth. This shareprice has been manipulated and artificially suppressed to shake the retail longs loose. When they couldn't achieve it, they even tried with Vicktor's shares.
The ONLY way this shareprice will appreciate is exactly the way POQ has set out to do it...Flow the gas and see the revenue...then it can no longer be suppressed...the big boys are nervous that they are going to miss out...they WILL do anything.
Some stuff I jotted down...no particular order.
Share price way undervalued...no explanation why. Says by January there should be "significant and permanent shift" in SP to back of $.40 if flowrates 2-3mmscfd per 1000m horizontal length. 5mmscfd realistic and is bonus. No wet season interference to achieve flow rates by Jan...pad right off highway. Wells drilled by end of year. Hot rig is in possession and being retooled. New well pad reaching completion 10km out from amungee. Will be 15 frac stages per 1000m. Empire will have results by end of Aug. "Imminent" start of Seismic. Pilot production UP to 12 wells...2 to 3 pads with 4 wells per pad, 3000m length. Fully funded for next 12 months...no thought of raising additional funds right now. Pilot and full scale production will substantially increase FO shareholder value. Victor's shares are benign and no impact on FO. Robust and excellent Pilot production plan...will not change those plans. FO can always be offered to be bought out, but no exit planned. No reverse split of stock for foreseeable future.
Again, not in any order just things I jotted down on paper during presentation.
Neetofo,
Absolutely...the good ol' days when I thought FO would bring me early retirement...lol. At least back then we could use Lanman to decipher the jargon in the news releases...now there are no news releases! Oh well, if this stock ever reaches its potential, I'm sure there will be a lot of retailers sitting pretty comfortably and that should warrant a FO alumni meet-and-greet!
Cheers mate.
Perhaps FO is too small...but they also had a game-changer in the Mako trough in Hungary. Something anger than the world had seen before. Would have eliminated Russian gas dependency in Europe...enter Gasprom and suddenly the Mako is a dud...and so move on.
Oh yeah, and suddenly, about the same time as this World Order shift, we have Vicktor's shares being confiscated and now "legally" can be sold off at remarkably the same time a new counterpart enters with name of Sheffield...hmm.