Member Info for Longknife

Saying the stock will go for 2-3x the current share price or in Other's opinion, 5-6x the share price doesn't mean I think someone is going to say "hey let's offer 2-3x what the share price is today." It's that that's what I think it will be sold for. What the "fair market value" will end up being. Also, the difference between 3X and 6x the current stock price is about $300M. Not a huge amount. I hope I'm wrong and that it is $3B! Whatever the "fair market value" turns out to be (if it's sold), I am sure most here will think it wasn't "fair".

Wet,

Sounds great! And I hope that's the case! However, when you say; "Falcon's currently depressed stock price doesn't even come close to reflecting the fair value of a 500-meter SS1H well - much less when the pilot program kicks off with its first two 3K wells to better prove commerciality.", then surely the entire acreage is worth way more than 6-10x the current stock price?? We will see if there are buyers that come forward- I don't think POQ has done any groundwork to line up buyers given the well numbers work out. If they don't or if BS exerts enough pressure on his friends, POQ could be sitting on this stock for years and years and hopefully we will be able to receive some dividends at the very least. Which buy the way, might not be the worse thing for BS's interest in Falcon- which is sure to grow. JMHO. I guess we will see what happens.

Newt, I have never seen a CEO or BODs NOT entertain an offer for 2-3X their current share price. Remember, the market has built in the potential it sees for FOG right now- we may not agree w it but it is what it is. I would be thrilled if someone like Inpex came in w a bid for 800M but they certainly don't seem interested yet. Yes, we can say "wait until the 90 day flow rates" or "the next two wells" etc, but we have already shown we have no idea what the catalyst will be to move the stock price. We all thought it would be the recently announce stellar flow rates. We were wrong. As far as rather seeing FOG go bust trying for a higher price in the next 18-24 months (which seems to be the new talking point as far as timelines), vs take 2-3x the amount........I disagree and will take the 2-3 bagger.

Newt and Smallfish,

I still think the most likely scenario is Sheffield and his friends taking FOG private at a multiple of 2 or 3- not 10. Some will argue it is worth more but most shareholders will be happy to take the 2-3 bagger and be done w this stock. I don't see any white knights coming in to save the day either and there is ZERO retail interest. Maybe it will get bid up some if an offer is made but again, I don't think it's going that high. JMHO

Merloid- been patient for Apx 8+ years. Not as long as many but long enough. $.30 would be more than a double which would give me about a 10pct annual return here- not what I was hoping for but also not down! Schemeil, yes we need monetization but will that happen? I see a scenario where Sheffield and friends acquire more and more shares quietly and take this co private at a relatively low number. I could be wrong of course- and hope I am- wouldn't be surprised. I stated that I didn't think we would see much of an upside here with good results and u fortunately I was right. I didn't think we'd see a downside though. There's a reason for it and I don't think it's good for us. Sorry to be a negative Nelly, I really hope I'm wrong.

Newt,

We better hope the 90 day numbers are good. We know the stock goes down w good numbers, with bad I'm sure we'll see $.05 again! I would take a $.30/share buyout right now no problem. Forget $1/share, I don't see a scenario where the retail investors get that- hope I'm wrong.

I'm guessing BS is going to steal this co at a pretty low price eventually. The only ones who won't make out will be the retail investors.

Should be sub $.10 soon. Hate to do it but might buy some more.

Oil,

Unfortunately, you're probably right. Then they can say it was at the same price as such and such a date.

Highest volume I've seen in years in the US and going down fast! Here's that buying opportunity some were wanting!

KMJ. Lived in Rutherford for years and went by Satin Dolls on 17 all the time. Also Steve's Sizzling Steaks a classic there. Glad to be out of NJ but what a great show!

KMJ,

While this may seem like "the very very very best time to get into FOG", the market has not agreed so far. The mkt feels "maybe" sometime in the future. And while the next 6,12,18....months may look exciting, don't be surprised if it turns into the next 36,42,48....months w FOG sitting some wells out. Again, POQ has no incentive to move quickly until he's ready to retire.

Harford- and looks like we will be sitting on dead money for awhile. Can't even hold the current price. Pretty sad. I think 90pct of us here have to admit we have no clue when it comes to this share price. We all thought the great results would lead to a higher share price and we were all wrong.

Wet,

I watched that as well and I'm guessing he bought those shares over the last few weeks hoping for a quick pop to $.20 or above and when he didn't get it he sold. I'm surprised he was able to sell that many so fast without an even bigger drop.

B2B

"It also makes sense that if you raise new money in tranches, the second tranche almost certainly could be raised at a higher price"

The problem with your statement is that we heard the same thing about raising money THIS time if we had good results on the last well. We did, and now we're still talking about "not this time but next time".

The same about "the big money setting up and taking notice""

I'm in the US and the 52 week high is $.162

Lantern, this thing hasn't been at $.20 in years! As a matter of fact I had a sell order in for some at $.20 and it never came close.

805. I'm not arguing with you but I don't see ANY scenario where raising funds does NOT impact the current shareholders. What I agree about is that this is no reason for the price to go down. Maybe to not have as much upside- sure. Anyone following this stock (and there are very few) knew that there would be a raise eventually. The news was good. There's no reason for the stock to go down except people (and probably many on this board) simply sold on the news and the VERY low volume caused it to drop. There is NO buying interest of any real size in this stock. This is where POQ needs to generate interest. He told us at the last well mtg w the "skin issue" that he had expected that well to perform well and to see a corresponding SP increase. There's no reason to think we shouldn't have seen it here other than there is just no interest. POQ needs to get out there and start drumming some up. There must be some talks where companies say "hey if you get to this point we'd like to talk to you".

805- ok how do we do it w "minimal" dilution? If we wanted to raise $13M we'd have to issue at least another 100M shares- a 10pct increase. Or are you considering 10 pct "minimal"?

805- please explain how we do a private equity raise with no dilution to the current shareholders? WW. A 4X between now and selling? Seems like a weak sale for us long term holders.