Member Info for Longknife

Just doing a little day dreaming about whether we may get a FOMO run out of this stock if we get back good news. I know it's not a bio or tech stock where people are hoping for exponential growth, but if all is a sudden we had some serious buying, is it possible we get prices way over what this is worth at this time?? Anyone think we have a real chance at this?
GLTA

Interesting that despite POQ and others saying 3m/1000 feet being the commercialization number this bank maintains 5m/1000 is their number. Also, if we're looking at mid feb to start fracking, I'm guessing April or May until we get the numbers?

Otd,
The problem with this, to my mind, is that if we sit out 1-2 "areas" or "blocks" is that we may be talking several years of activity no?

Newt,
Thanks for the update- appreciated. Yes I don't know if anyone was expecting yet another month delay on this well. The delays I. General on everything that has happened since the moratorium are typical for FOG and whoever their partner is. Remember when weather wasn't going to be an issue on this well because it was so close to the highway? I don't blame POQ as this is all music to his ears, $700K/yr, not much to do, and someone else to do most of the work. I have been able to refrain from buying any more FOG during this run up this time because as someone stated, "you can always buy it cheaper". This seems to be no exception. I'm sure I'll be back buying in the $.07-.08 range because I just can't help myself. I would take $.35/share and be done w this stock today vs wait for what May or may not happen 3-20 years down the road. Now don't everyone start saying "sell if you don't like it", (unless you're willing to give me $.35/share today) Just venting a little on what appears to be more delays. GLTA long term holders.

I know right? That whole video was pretty depressing.

Newt, so true. Down 12pct on 14K shares in the US. I hope they mean that the crews are just off for The holidays and they will begin the first week in Jan. Weather only seems to be an issue here if the operators need to make it an issue. GLTA on a new year of better stock price results. Of course I've been saying that for a very long time.....

Over 1M shares traded already in the US today. 2.5x avg volume. Probably just POODS picking up a few shares but nice to see regardless.

Newt. He probably did the right thing but 5B shares for 100pct of the asset is about the same as 1.1B shares for the 22.5 pct of the asset. Pretty much a wash. But then again, maybe we wouldn't still be here either.

Newt,
I'm not debating POQs salary- but when you say;
"""For only $600 thou a year -- POQ has negotiated a grand total of $380 million in Aussie dollars being spent on our behalf with OPM (other peoples money), leaving a nice cushion of just over $16 million US currently in Falcon's bank account. While POQ's salary of $600 thou a year may sound a bit high -- the negotiated deals have been worth almost 50 times that amount over the past ten years -- so POQ's salary would seem to have been a good deal for shareholders."""""

You left out the part where we gave up 77+% of the asset. Worth virtually nothing today but could be worth billions.

Thanks Newt, as you point out, it will take a lot of things coming together to get to .13-.14 in the next 6-12 months. Very doubtful we are going to .30-.40 anytime soon

Not a lot of volume in the US but as we approach 52 week lows, I think we will see some tax selling. Seems like a pretty safe bet right now as we certainly won't be seeing anything for 30 days. I'm wondering how low it will go and am actually considering buying more if it gets sun $.06. I don't know if good flow results will get us back to the $.30-.40 range but I hipe it will get us $.15-.20. Not a bad return for a short term swing. I know most of us have been in for the long haul and looking for more than that but would help the avg anyway. I am not a financial professional and this is not financial advice. I am just a glutton for punishment when it comes to this stock!

Wet, your rumor just puts new legs on what everyone was worried about when this takeover of origin happened and why so many wanted POQ to pull a rabbit out of his hat and get the 77 pct back. Sheffield has no incentive to help Falcon.

I have been asking myself what are the advantages of owning FOG over Tam? Newt states that he thinks Tam is more susceptible to dilution than FOG? I'm not sure how that's the case. FOG is a $68M US company today. Any cash needs will dilute the heck out of us. Is the hope simply that this next well will be positive and raise the share price to $.30 or something along those lines? Even so, raising money at that level would be tough, esp as I think you would get a lot of long term people selling at those rates. I would love to see the $1-$2 WW mentions but the kit doesn't see it as we slide to 52 week lows.

Wet, unless you just got in, who is NOT disappointed in this investment??? I know you were very happy w Origin and thought they were very busy doing a great job- most don't think that. Most also don't think that a 5-15 yr investment is "looking for the quick buck", as you do. We will have to see if Tammy is any better. As of now, that old adage still applies- "you can always buy FOG cheaper"!

POODS, Hang in there! The only good news is....as someone said....nowadays you can buy it cheaper!!

That's a bummer Noles! My daughter was at the game and she said the crowd was good the whole game! I think they're on their way back.

Noles,
I hope so. Are we still on the "start by end of October" timeline? Also, your Noles having a tough time of it lately!

Thanks wet. I've been in 8 years. Not many I know would say that quickly. Good luck

WE,
As usual, your ability to drone on and on without saying anything impressed me. Congrats, you would make a fine politician. One thing I did notice in your turgid, blustery statement was your point about buying the acreage based on todays gas prices- which is not what I said or meant. The point about todays politics changing is just that. A scandal, a whim, anything could change the politics in the future and cause another moratorium, a withdrawal from commitments to provide funding, etc. POQs statements always said "drill a few wells, here and there, prove commercial flow rates and sell". You pretend that is still the plan. It's not- at least according to POQ!

Thanks, as always, for your reply Newt. The fact is, Origin was a terrible partner and nothing has been done for Falcon in a long time. It's sad where we are at today.