Member Info for Longknife

Wow, 655K traded in the US by 10:30 AM

From your lips to….

POODS. Sounds like you feel we are a long way from a buyout? If I recall, this was at $.35 before the moratorium! I really hope we see a higher bump than the $.25-30 you mentioned.

World is moving to coal- someone has to see the Beetaloo has the capability to be an alternative within a couple years.

https://apple.news/Ac8PaOWwaRa-DLuUQzXOA9w

Wet water, How far do we think $18M is going to take us? Seeing as how we have burned through so much Origin money in the last 2 years, it doesn’t seem like a lot! So is the goal (In your opinion) to use that money to get the next phase, raise more money- hopefully at a higher price- and then try to prove up another area? At what point do we get to where we want to sell? And how long does it take? I know I’ve only been in this stock 7-8 years-much less than many- but I’m tired of it. If it was sitting at $.50 it would be different. Personally I’d rather see a sale for $.50-$1 now than roll the dice on the next few years. So many things can change in that time. That might not be possible I understand. But if it was, I’d feel better taking cash out now and leaving some in whatever co buys us- impex, whoever. JMHO. I’d like to be talked out of it.

Up 1Pct in the US today. Very disappointing.

Newt,
Thank you for your reply. Where do you get the 12-18 month timeline though? If we start work on the horizontals in May or June…..

Newt,
While I have my doubts about whether China will go that far, it does show us that the “perfect” environment that FOG has been operating in- politically, market forces, etc- will not last forever. Now is the time to get a deal done. Not a year from now. Not two years. It doesn’t appear that FOG has done much to seek a sale but maybe I’m mistaken. I hope we’re not just waiting on these two fracks and then we’ll say, “hmmmm who can we sell this to and for how much”. JMHO

When I wake up and see the email from Solvita and Falcon, it’s going to say something along the lines of “Falcon announces the sale of its Beetaloo assets to XYZ corp for $2.50/ share”. Or something along those lines anyway. Tired of the loooooong wait here. Never been in a stock this long where I still have hope. GLTA

I agree. Anything that delays this process is not good. I would like to see a sale directly after we frack these two wells. Be it for $1.50/share or .35/share.

Hi all,
What is the easiest way to join this group? Is there a link I could send to a friend so he could join? Many thanks.

Would seem to be a good time to market the Beetaloo as a Russia alternative. $3/share I’d be happy to sell my Falcon shares and help out the world!!

Although could certainly be wrong. Let’s hope this doesn’t turn into something ugly for Falcon.

Baba,
Props on calling the news release! Doesn’t mean much as far as I can see but impressive.

Newt,
I guess my question is why was that work on the amungee done in august? Why not the year before? Or June? Or May? Again, it’s not just this one thing. It just seems that everything takes a year. And I know POQ is not worried about the govt, and gas prices are high but all that is cyclical. Wait long enough and things will turn around. I would certainly be thrilled to take a $1000/acre offer for the whole thing from anyone at this point !

Oil- yes, the timeframes in general have been disappointing. The moratorium ended and it took us 9-10 months to get our acts together. The kyalla had issues and we were ready to wait another 6 months to do the nitrogen lift until stockholders screamed to do it now. Then we had to try again. We have drilled one vertical well (failed) in about 5 years. I’m not sure why nothing can be done simultaneously but it seems these two new laterals could have been done last summer. Not waiting 10 months to start. I’m no engineer and I’m sure I’m missing some obvious hints but as you said, every time something happens, we have 6-12 months of dead money.

Oleo,
Thanks for all of the info- if some a bit over my head!
You say you’re still not satisfied w the explanation of the amungee flow rates. POQ states, however, that these were NOT just an extrapolation, but actual numbers. He said they were all verified by 3rd party. I guess my question is- if you are saying this is NOT true, how would you word this in an email to the company and have you ever questioned the company about this? Thanks again for all of your contributions!

I would settle for $1.37/share!

Newt,
This is what I can’t wait to see. “POQ’s. legendary negotiating skills”

hydro gets worked up. I said something innocuous and all of a sudden I was a trader or basher! Newt is probably one of the most respected guys here!!