Member Info for Longknife

No surprise really. Delays are constant. I can't imagine there will be any farm out before this deal is done. The next catalyst may be the 3 wells in what will prob be the 3Q.

Were we expecting it???? I've been hearing for years from countless people on the FOG board that we were 6 months away from riches! We were at $.35 10 years ago! I my self have thought we won't see that until we start bringing in revenue and get a real buyout. Frankly, I've thought that was 3-4 years away (and still is). As far as waiting, many of us have waited a long time already and don't want to wait another 10 years. It depends on the situation but I would pull some money out beginning in the $.33 US FOG or $50TBN equivalent. (And possibly buy back in later as well) We were almost there but the mkt certainly wasn't supporting any volume either way. Everyone has to make their own decisions on investing but as I was told for my entire life...."you can't go broke taking a profit".

Mertoid, you make some valid points. I don't know that these results were priced in though, I expected another break, maybe a pullback and then release the results with another run up. And then the same thing w a farm out. Bottom line here is what is the next catalyst that will move the stock price? I see nothing that tells me we are close to that $1/share of FOG or $150 TBN. And I'm not sure we will hold the current stock price. We'll see. Things seem to be moving in the right direction but not where we want to be yet.

Well I guess having new management and all the best talent out there can't make things what they are not. The market does not seem impressed with these results so what's the next catalyst?

So basically this is a farm in. With TBN and Bryan Sheffield? So Sheffield just buying a piece of TBNs acreage to add to its own? Am I correct on this?

Merloid. That was kind of my point. I don't think anyone wants to start over so I don't think it would have anything to do w the price. Either way, one of the best days this stock has had in a LONG time!

805, I'm guessing that a lower exchange number would require another vote?

There are always more delays. There will be more- at every stage. We are "at least" 3 years from seeing our $1/ share or $150/share for Tamboran - if we ever see it. Most current holders will sell out long before that and rightly so.

The real master here is Sheffield. Daly Waters is doing nothing, sitting back and watching TBN and Empire spend their money (yes he owns pieces f them) and prove up the acreage. When that is done he will take his acreage and make a fortune. He will do much better than TBN, FOG or Empire (BR).

Actually it's going the other way now. TBN at $28.67 or .197 for FOG. And FOG trading at .20 right now. I imagine the prices wont stray far from each other at this point.

What currency are you predicting in?

Its free if TBN doesn't go down before then

Newt,

I have made it clear I am in favor of the purchase. For years I have been saying we wanted TBN to well and that they were our only path to share price appreciation. That we had very little capabilities on our own. This despite the many on the boards who kept telling us how much better of an investment FOG was than TBN. My only wish is we could have got a better price for it. The nonsense about how much the stock has appreciated since the deal is more a factor of the fact that TBN paid such a low price for FOG than anything else. And as TBN goes- FOG goes. It certainly had nothing to do with anything POQ did. He was perfectly happy to get the $21 equivalent (or whatever the exact number was at the time) and take his chances on TBN. I'm not sure that the timeline is going to be any better than I've said but maybe. But in your numbers you're talking the end of 27. That's almost 2 years away. Throw in all the delays that are bound to happen and we could easily end up 3+ years out. Plus, I've noticed there is not a lot of "valuing" in this stock on future potential. It seems to perform on concrete results. For every 1M shares of FOG we are getting 6,870 shares of TBN. As far as a better price for FOG I certainly would have rather liked 8,10,12 thousand shares instead. You may then argue well the stock would maybe only sitting at $24-25 in that case and you may be right. But we'd still have had all the potential upside with more shares. JMHO and still hoping for a good (great) return on this stock for all- esp the long suffering.

805- no, not really. I was always saying we are 3+ years away and I think that's probably still accurate as far as getting above .40-.50US. I was hoping good flow tests, a farm out and then the addl 3 wells w good flow tests might get us there this year but I'm pretty sure that's not going to happen now. Oh well, can still hope for the best. My avg price is between .11-.12 so $.36 would be a triple over about 10 years. That's 11.6pct/yr. Certainly nothing to write home about but not nothing either. Hopefully we can get to that this year at least!

Oh man. My bad. Well looks like they already pushed back the flow test results to the 2Q and selling gas u til the 3Q. Only skimmed the presentation but wouldn't be surprised if the flow test results from the fracking of the next 3 wells doesn't happen until 2027. Maybe the farm out will still happen in the 2Q but I wouldn't bet on it. Was hoping to get some money out in the

$US $.30s equivalent in the 2Q but don't think that's going to happen. Sounds like everything is still on track- just delayed.

Interesting that POQ now stated TBN would be selling gas by the end of the year as opposed to mid year. I imagine we'll hear about this delay in the TBN mtg.

We're almost halfway through 1Q 2026. I hope there are no delays on the flow testing and that the results are all good. Should be hearing soon.

Element. I think we're all happy to be done with POQ, despite the years of many on this board telling us how FOG was a much better investment than TBN. I just wish we were getting a much better price.

I've chosen to believe POQ is just incompetent! To think otherwise is to believe something nefarious is going on and I just don't need the aggravation in my life. The guy blew this whole deal and the bond payment issue is just complete incompetence.

Newt,

I'm assuming you had a typo and not a change I missed somewhere? I tht we were at .00687 shares of TBN per FOG share? Although I like your number better.

Blue,

If TBN is at Apx $34 or and FOG equivalent is at .17p Canadian or $.23 US AFTER results and the farm out, I would consider that a HUGE disappointment. It would also mean someone had got a huge piece of acreage to-drill at very low prices. In addition, I would think we were STILL 3-4 years away from getting real money for this stock. $150 TBN price would be the magical $1/share for FOG. I would like to see that obviously but at least $100. JMHO

I'm no expert but if we're selling the oil in Australia for Australian dollars and then converting to US dollars- at least to value the stock- the weaker dollar should benefit the price. $30 TBN in US$ equals about $.20 for Fog in US $. Or $.27 Canadian. We haven't actually made any money so not really sure it's going to affect us at this time but I could be wrong.