Member Info for kmjliveson

Exactly right Newtofo. I think at this point the folks who bought into and held onto Herriage's Stock of the Century pump need to realize we are much better going forward as TBN on the NYSE, with all the very catalysts and growth ahead vs. the wishing and waiting game with penny stock Falcon and no capital to participate. Nothing really has changed, we are still very much in the game if not very much moreso, we're just now TBN holders. If the RBC farmout and well testing happens before the closing date of the merger, TBN could/should be seriously up from today, what number, dunno exactly put much higher. Sure, should we be upset, complain, etc., yes, maybe... Litigation, total fool's game and will see our stock crushed as well. We all wanted more, would have loved some cash component as well as stock, but with Riddle gone, and a new top gun CEO/COO, this is gonna be very, very interesting and exciting def in the short, medium and long term. I venture by end of next year into 2027, we're at our around that 100 US mark, of course, assuming execution and results, as they're already demonstrating under the new regime! All the best!

I think despite all the frustration and anger - Merloid has it about right. FOG's success case has rested squarely on the shoulders of TBN. Now with Riddle gone and a new top tier CEO presumably coming in, highest level pros like Stoneburner and Sheffield, Sr. in control, the Pilot soon to be producing AND whatever the Farmout brings, it is going to sky rocket and likely also be a serious target for takeover. And we'll have our same amount of money invested in that, a NYSE listed hottest shale gas play in the world. NOW, this is not to say I am happy. I expected/wanted more and am having a difficult time understanding the only stock consideration. I always thought a stock and cash transaction might happen. It's a wet blanket for me right now, but still confident if this is what it is after all the dust settles, we're still good. TBN has excellent analyst coverage, massive connections to the biggest US players, and institutions are going get all in once the Pilot delvers and/or the Farmout happens! By the time our Transaction closes, TBN may very well be at $75 - 100. Be ifs still, but continued effective strategic planning and execution, TBN will shortly be a world class stock that many will want a part of. BUT trust me, still not feeling great about this. I ASSUME - and someone please tell me if I am wrong - that FOG can still entertain other offers! Maybe we see somewhat of a bidding war. Major to be continued/determined. All the best!!!

Further to what I just wrote - I think the door is open for TBN to have to offer more, obviously, should other, better offers come in, etc. Please correct me if I am wrong. So, hopefully, there are other offers and the deal terms improve, and hopefully, significantly improve!

Newtofo, your last point in parentheses is the most important. This sets the stage for other offers of any kind to come in. TBN has tried to preempt this with this offer/Transaction which is only that, until shh approval. It's an interesting, high level negotiating tactic potentially, so let's see what the next several weeks leading up to the proposed vote brings! As is, it still allows all Falcon shhs to participate in what should be TBN's massive upside, similar or better to first mover US shale companies. We've just shifted our interest from Falcon to TBN. I'm gonna, and I think we all, should withhold judgment on a yes or no vote until we see what these next several weeks hold.

Key question and selling point becomes: does TBN have multi-bagger potential equal to if not better than Falcon? The answer unquestionably has to be yes, and how much and how long? Further to this, if you look at the startup early mover US Shale gas companies growth, is there any reason to believe TBN will not do as well if not better than the top companies in that space?... All major questions to be answered. WetWater how is your buddy Herriage spinning this? Fn Stock of the Century... With this said, not feeling great, very mixed feelings as there was the hope of a buyout and cash in hand at a very significant premium. Now the expectations shifts to TBN doing that instead of Falcon. Very glad Riddle is gone! With Stoneburner, Sheffield Sr. and a top notch CEO in place guiding the ship of the best shale gas play on earth, the future for TBN has to be strong!!! And same for BTL over in its vast space, Carpentaria and Western acreage!

For example, from the Managing Director's 2023 AGM Presentation:

Western Beetaloo – Appraisal

• Large, extensive play covering ~1m acres

• Delineated by five spatially drilled

wells, ~1,800 metres of core and

>1,000 km 2D seismic acquired

• Further de-risked by activity in

Carpentaria (same rock)

• 2U Prospective Resource ~28 TCF

Many of EEG/BTL's presentations have a section on the Western Permits and they always point out that they are the same rocks as the Carpentaria. The focus has been Carpentaria but it is going to be interesting to see how things play out in that acreage as well as other more prospective acres they have in parts of the McArthur Basin. In any event, I am rooting very hard for all of the public traded companies to hit the marks on their pilots and we'll go from there!!! All the best!

Good to hear about the Cavendish update. Be nice to get more analysts on board with a deep dive, and solid price point, until then we continue to have Cavendish. All the best!

I think the TBN CEO move has everything to do with the farmout. Investors/Partners were not comfortable, confident enough in Riddle. It was time. There have been too many operational/execution issues, and bringing in Scott Sheffield is huge! Be very interesting to see who the new CEO will be, all eyes on that needless to say. Change sometimes is very good, now need to execute and deliver on this drilling campaign under Stoneburner et al, with the Sheffield father and son team watching/involved very closely!

And, Wet, yes, I've been following the Bruner Lost Soldier story, see how that goes while it's still just private investing and then maybe it goes public. Bruner's Ultra Petroleum is one of the great oil and gas stories, ever. As with so much, TBD!

All the best!

Smallfish should read the Blue Ocean Equities professional and conservative analysis of BTL. Like our JV and the upcoming drilling/fracking campaign, the immediate focus is that they deliver within an acceptable range on the C5H; they 100% own their properties, have massive acreage in the Western Beetaloo that's already been well evaluated and shows the same rocks and properties as the Carpentaria region (it's just NW of the Amungee area; yea, I've seen how he tries to discredit aspects of that acreage but I think it's much more hot air; remember please, Audrey McClendon wanted to farm-in to all of BTL's acreage but then his death ended all that...) and they have permits in other parts of the McArthur Basin that have potential. Why are we wasting time and energy trying to pull down other very legit operators whose likely success only helps us! If it's just about which of the present Beetaloo listed companies you are choosing to invest in and he wants to make the stronger case for TBN or FOG over the BTL, I guess I get that on some level. But again, Blue Oceans does a great analysis based on NPV and also does acreage valuation, and comes up with price target of AUD 1.05, not too shabby, and RaaS has a midpoint of AUD .75. I'll go with the pros as I think their analyses, as said, are very far and standup under scrutiny, and also bc why slag BTL when their success only adds value to what our JV and TBN are doing!!! Enough said. All the best!!!

Herriage knows his stuff but he's an insane pumper and self promoter. None of his price move predictions for Falcon have ever been close at all and while he does pick some winners, he also picks and terribly pumps stocks that go nowhere. He loves Bruner and pumps him as well, was complicit in fraud imho in helping Bruner pump Fortem. . . Anyway, enough of that, that is the past... I still think Falcon is a great pure Beetaloo asset play. It may not actually be the stock of the fn century and it's sp has been nowhere close to what pumper Herriage predicated a decade ago and the Lord only knows what he's pumping it at today! At least today it's all very tangible and as I have said before we need some analysts to do a very deep dive and give us some legit price targets, though perhaps Cenkos/Cavendish 32p is that! TBD. . .

What we need, Blue Wiley, is for TBN, H&P and Liberty to now deliver fully on the upcoming drilling and producing campaign, full stop, nothing more need be said. Then we have TBN's farmout process. Then we have what Beetaloo Energy is doing at Carpentaria. Then we have what Sheffield will do as an Operator. But first things first, let's get these next 3 wells successfully drilled and the 4 wells successfully completed, the infrastructure built and gas delivered to the NT per the sales agreement. The ST1 is still raging well into 60 days and looks to hit a very respectable 90 day flow rate, fingers tightly crossed. If those aren't events enough, I don't know what is. All the very best, KMJ

beetaloo energy mate, i think resources is falcon's potential name change. btl owns 100% and their western permits are attractive, already a lot of drilling and testing, presentations, data shows essentially the same rocks as carpentaria area. the beetaloo is really an amazing basin. all just need to refine and perfect the drilling/completion, short and longer term infrastructure for delivery, etc! aubrey mcclendon was ready to buy all of eeg's assets and then he died! end of deal. sheffield talks about that, he was ****ed mcclendon would have been first in the beetaloo before him. anyway, we need tbn to get it right and rooting very, very hard for btl as well!

Got cut off...We just need the team, Sheffield, TBN, H&P, Liberty to get the results we need. Again, POQ seems quite pleased with the ST1 results and looking forward to remainder of the campaign through to production.

I'll go with the wise POQ's truly stellar results opinion.

All the best.

This is what POQ has to say: “The IP30 flow rate results announced today of 7.2 MMcf/d, are truly stellar and marks another major data point

in the Beetaloo Sub-basin again demonstrating that it compares to the best shale wells in the United States. Not

only did the results exceed Falcon’s pre-drill commercial threshold of a normalised flow rate of 3 MMcf/d per

1,000 metres but had similar flow rates and pressures to SS-1H and SS-2H ST1, which all point towards the

significant resource potential of the Beetaloo.

Falcon looks forward to the planned completion and testing of SS-4H by the end of 2025 and also to observing

the results from the next three wells of the Shenandoah South drilling program and the additional milestones

they will establish.

As further results become available, we look forward to updating the market further”

You TBN and POQ bashers need to just let the experts and major investors, Sheffield, H&P and Liberty

Typical stock market response to good news, which I think this must be viewed as, especially given that TBN is fully funded for the upcoming continuation of the pilot development campaign, the plant facility and deliverability to the NT are in place. TBN hasn't moved either. Empire, now going by Beetaloo Energy actually was down yesterday and they just announced their C-5H Halliburton frack job is starting up. This all points to the pilot program needing to be completed in strong fashion and also, likely, what happens with TBN's RBC managed farmout. Crazy how after the very first fracked well drilled by Origin before the moratorium - which was an absolutely brilliant move - when the discovery was announced in Feb 2017 the stock shot up into the US 30 cents range and held there for some time before the moratorium brought it down and it has never really bounced back. Why it went so up then and not on the SSH1 and not this news, dunno really, just crazy. Gotta get through to hopefully successful completion of the upcoming campaign, delivering gas, etc., what happens with Empire frack, TBN farmout, any other Sheffield announcements perhaps... This has been just one huge waiting game for too many of us but let's see where we are a year from now. One year older, maybe wiser, and let's hope (wink to newtofo. . .) richer, if not much richer!!! All the best, KMJ

Also, the SSH2 ST1 flare is shooting sideways into a sand pit, and I think (not sure, can't find a photo) that the SSH1 shot vertically, and not sure if or how much of a diff this may have for the sat images. I think it is fair to say that regardless of these results - and of course we hope (yes, hope, hope, hope) nay expect good results, even if they are a bit off seems like now more than ever drilling, fracking, production now and going forward are all about learnings, refining, optimization, etc. to get maximum results at minimum cost. I think Sheffield et al. are salivating (Riddle et al certainly are as is Underwood et al) over what they have in the Beetaloo having had such great experience in the American basins. And that is also the factor, how far things have come in the Beetaloo compared to the US bc the Beetaloo has the US experience to look to, with H&P, Liberty, Halliburton being key to that. Still waiting on Empire to begin their frack. I think the ST1 30 day and Empire's frack begins this week. Empire results are super key for Falcon's acreage outside the Deep Core/pilot program acreage. In any event, said before, say again, all about execution and results getting our JV and Empire into this initial production phase. GLTA, especially us who have been here for way too long!

Correction: H2 '25... Though hoping/expecting that all Qs, Hs, etc. now going forward are going to be very busy!!!

Also, I pointed out before that there are two shots of the flare in TBN's last presentation and it shoot sideways into a big sandpit. In any event, let's focus on it hitting what it needs to hit with the rest being gravy. And then all eyes on TBN's farmout through RBC and upcoming drilling campaign. Gonna be a very, very busy H2 '26. Also have Empire's 5H 3K meter with Haliburton fracking. Riddle stated during the Q&A that there were a number of very active prospects for the farmout based on the NYSE listing and related. We'll see! But gotta all start expecting good outcomes, this play is now becoming prominent and as Blue Oceans pointed out, major US players are and will be taking note! I also got a feeling that POQ/FOG are going to join with DWE when they start to drill in their designated checkerboard. A bit further down the road but my gut is that is what the potential NYSE listing and possible name change is about with this Bank being an introduction from Sheffield. Who knows how it will all play out but I think POQ is much more interested in doing direct business with Sheffield rather than Riddle et al. Again, massive we shall sees! All the best, KMJ

Worth taking a look at, can get on EEG's website. Comprehensive in every way with a price target of AUD 1.05. Falcon needs something like this and the sooner the better. Mid-June and ST1 flow rates; then the H2 potential TBN farmout. Blue Oceans states: "We have no doubt that that large US companies will be taking a very close look at the Beetaloo Basin participants."

Schlemiel (best name on this board : ) thanks for this article, great read!