Member Info for Longknife

I think we should all golfers of Falcon should be rooting for nothing but the best for TBN as NOTHING happens for FOG without them.

Wet, I think you're prob correct about BS not being able to buy a controlling interest in the open mkt without a substantial price increase. I'm more worried about him convincing his fellow big holders to accept a buyout u favorable to retail with the promise those big holders can participate in the new entity.

As far as the idea that we will see a substantial share price increase following the next round of drilling......?

Unfortunately we have heard that many times before. After our GREAT results we did a raise at $.06!!! I still can't even believe it! I don't anticipate the next round of drilling to be any different. The only thing that people can't ignore is revenue- which is years and years away. Until then I believe there will be a lid kept on the price. The only thing (IMO) that could change this is multiple interested parties- which is a possibility.

I will still take my $.30/share today!

Well I doubt he's getting to 5-600M shares without the price going up substantially. However, if he keeps picking up big chunks at $.06 he is heading in the right direction.

Another whiner whining about people whining.

Very true. Similarly, made money on real estate in Elmira NY from the shale drillers across the border in PA!

RE: Tamboran IPOToday 17:17

"Why did you do the raise at such a depressed price? Oh cause we needed the money"

Haha. And then stated "well hopefully the next raise will be at an increased stock price". Doh- where did I hear that before?

Yes, it's clear to me that POQ is looking to drag this out a few more years w his $700K salary, live a good life and relax and then set himself up w a nice golden parachute when BS or someone else takes us over. I almost laughed out loud when he said "yeah maybe some more promotion would help". More of the same.

Eagle,

While I agree with much of what you say, "crowing about a world class asset" could take many forms. It's true BS wants to buy it as cheap as possible- the question is, "will there be anyone else who also wants to buy it as cheap as possible"? POQ should be talking to people he's had lined up for years, telling them that he and the board have a duty to support the best offer and that they're not necessarily going to back BSs' first offer. That other offers will be welcome and they should be ready when and if BS makes a move. To me, this is our best chance to get some decent money out of this stock sooner rather than later. If a lowball offer is approved, we're done. If it is somehow put off, I think we have the option to sit back and let Tam prove up more and more ground until it's abundantly clear we are worth something and a better offer is made. Who knows how much of our position will have been diluted by then? I see this scenario taking another 3-5 years minimum. Quite a while ago I stated I would take $.35 now for this stock in a heartbeat. Now, that seems like a pipe dream.

As far as "staring at our navel", what else is there to do on this board other than speculate? If we all "just waited", there would be nothing at all!

GLTA

POODS,

So POQ is not doing a good job so the board should be replaced? How about we replace POQ? You were very happy with the board and BS a couple months ago- now you sound like you have come around to what several of us have been saying for awhile.

Yeah 2.5x the avg volume and down 9pct today in the US. The only good thing is that the volume is so low that it could be 1 person dumping some stock.

Just wondering what people are thinking will be the worst and the best thing POW will say at the meeting. Not necessarily something that could happen (like FOG has been bought out for $6/share) but things we think he could realistically say at the meeting. I know we will find out in a few weeks anyway but just wondering what people are expecting.

Dprusskey,

How are you feeling about your TMB investment and their ability to raise money?

I don't know that anyone is "promoting" negativity. I think people are just finally realizing that this stock is probably not going to be the life changer we thought it might. The fact that there are very rich people coming in "late to the party" who are going to probably make out better than a lot of long term holders is also starting to settle in and it doesn't sit well. That is the way it usually is though. Now before someone posts something "whining about people whining" and how they should "just sell if they don't like it", I'll just say "no thanks". If you consider my posts "whining"-well sorry to hear that but filter me out if you don't want to listen to it. I enjoy hearing the different opinions and sometimes the positive posts help me to temper my natural pessimism. Nothing we say or do here makes a difference anyway so it really doesn't matter. I believe this could still be a good investment. I'll stand by my opinion that we may see a buyout in the range of $.25-.30 ultimately. I hope I'm wrong and we see a bidding war that drives the price up but I just don't see it. As always, I'm no expert and this is JMHO.

Yes. And his possible intention to buy more. I think we can all bet on that going forward. As with any transaction, if there's only one buyer we won't get a great price. IMHO.

I really hope POQ is out there looking for other buyers.

Newt, I can't say I'm happy to hear that you are now saying basically what I have been saying. I've been looking for alternative theories for what may happen other than- "there is no reason to buy FOG anytime soon other than a lowball offer from BS or his friends". I think $500M is optimistic given he can keep accumulating stock cheap though. I think our best bet is he tries to take us out cheaply and someone else (or more) decides it's worth a bidding war. And if he can keep picking up chunks at $.06 and get his friends to buy out at $.30 or $.35, he may cover his interest in the beetaloo while he waits for that $2-3B offer down the line. The rich get richer.

Gonoles,

To me that's our best hope. That BS tries to come in w a lowball offer and it sparks several interested parties to do their own bidding. There are probably several people saying "hey let's let TMB and BS prove up these wells and we'll sit and wait". That's why I think when his lowball offer comes in- if it's the only one, the shareholders will jump on it. A double at this time would look pretty good. While 3-5 more years isn't the end of the world, when I look at the oppty cost of the cash I've had tied up for 7,8,9 years....

Wet, unfortunately, I and a few others have been saying this for awhile. There is no reason for anyone to buy FOG anytime soon. I also think that 27-28 is probably on the early side. There is no reason to buy FOG until it is producing revenue. We can sit here and say someone may want a piece of it just to control the gas down the line and is willing to pay for it now. Maybe that will happen- but I doubt it. Add into the issues that in 4-5 years the social and political landscape may be entirely different. When that lowball offer from BS comes in (if it does), it's going to look very good to long term shareholders. I said that before the results of the last well came in that I was hoping to cut my holdings by about half- good or bad. I haven't, because the stock price has been so pitiful. I wish I had sold at $.16 obviously but hindsight and all that. As someone pointed out, it's true I don't know who may be interested- that maybe there are many. Given the stock price and the volume however, I doubt many believe that.

With the price closing in the US today at $.081, he's clearly got no competition and can take his time.

Frackme, I'd say you're pretty much correct. Having waited years for a catalyst to finally move the stock price up, getting the catalyst but only losing value, I'd say we're 6-8 months from the next potential event. I think we are looking at years more of waiting or a low ball offer from BS or his associates. If no offer, BS can continue to bleed FOG and TMB for their share of drilling costs over the next 2-5 years, causing more dilution and a cheaper pick up for him. Frankly, I'd rather have the lowball offer and hopefully it stimulates a bidding war. JMHO

Great results! I hope that the market takes some small notice of this.