Member Info for Longknife

No real volume but this price has collapsed since hitting $40 a couple weeks ago! Absolutely no support for this stock right now. They need to get the Falcon share mess cleaned up (whoever is responsible) and start releasing some good news.

805,

Months??????? Now THAT really IS ridiculous. I can't imagine they will release any major news while this isn't settled. So I'm thinking late 3Q for any real news if that's the case. But I could be wrong. I'm doubting we'll be selling gas in the 2Q as planned though! Haha

Blue - the "game" has been going on for 20 years. Most of us just want it to be over. And for us to "win".

Nothing in E*trade either. I'm guessing we won't see any announcements u til this is resolved either.

805. I am here in the US w E*trade as well. I had called them early in the process and they said there was nothing I needed to do and told me "about a week". That was a couple weeks ago at least. Still nothing.

Has anyone received their TBN shares from the FOG buyout yet?

Newt,

I agree. I don't think any positive flow test results will move this stock much. They never have, for any amount of time anyway. The farm down has been delayed and will probably be delayed again and don't be surprised if the sale of gas, which was supposed to happen in the first half of 26 is delayed as well. We are years away from seeing a decent price for this stock. At $50-$55 (which I hope to see in a yr or two) I sell at least 1/3 of my stock to get my original cash out- maybe more. The rest of it can ride for the next 5-8 yrs or so. I still doubt we will have realized full price for this stock but Sheffield manipulations and world politics will prob have changed enough so that this stock will be maxed out. Not a great investment given the market over the last 10 years- I'm sorry I ever got into it but if I can get my original cash out at least I'm gambling w mostly house money (minus oppty cost).

Same w me!

805- is that supposed to be in the 2Q or 3Q? Looks like maybe some are taking profits? Oil is up but TBN continues to drop. I don't think most even have their TBN shares yet? Let's hope we see some action here and move the stock price. Summer is usually a very slow time and after that we'll start hearing about "the rainy season"! Let's go!!!

Well, the deal is done. Not much to talk about there anymore. No white knights, no higher offers. Looks like the stocks converged and TBN right now is at 33.47 US or about $.23 old FOG share US. What do we think will be the next major catalyst for the stock price?

Flow rates? They've historically not done much for the stock price.

Commercial sales - I'm guessing that this is already priced in but maybe the fact that it is accomplished will help with the price.

The farm out- this seems like the most likely driver to me. IF we have good results and get a good price.

I would like to see a bit over $50 (or .33 Fog) in the short term and long term goal is $150 ($1/Fog). I still think this ($1) is possible but 3-6 years away IMO.

Any other catalysts coming up that people think may drive the stock price?

Have we heard any reason to believe the deal won't close this week as stated?

Yes!

$.234 US

Go Noles - I am in pretty much the same situation. Finally profitable on this buy - actually about a double overall- which is not great for 10 years but not terrible either. I'm not happy about the purchase price either and the stock price of both TBN and FOG since have shown that it was a lowball deal. I'm hoping the acquisition happens in the next two weeks as discussed and hoping that TBN doesn't continue to drop and that We get a little bump on the purchase. Right now in the US, FOG is trading at $.235 And TBN at $34.95 or about $.24 for FOG. At the very least I'd like to see the stock at the same price it was 10 years ago- seems like a fair request

It probably will not but this is going to still be a long road either way. Many ups and downs over the next years to come. Hope for a decent return.

Probably people who don't think the deal is going to go through as the TBN equivalent price is over $.24 US

I show a lot cap under $1B.

Well since we're 1/3 of the way through the second quarter, I guess it's about where everyone thought....

The FOG/TBN spread seems to be TBN dropping down to FOG, not Fog rising to TBN. To my mind this means the closing is close. Of course my opinion doesn't mean much.

Well this guy makes my 3-4 year prediction look pretty optimistic. Predicting $150/tbn/share or $1/shr/FOG in 2032