Member Info for Longknife

Newt. Why does he have to borrow from a bank? The guy makes $700K/yr. get the checkbook out and excercise the options at .09 or what ever it is and hold the stock.

Boogie,
I agree. We won’t see any significant news for 4-5 months. I think Folgf will be had for $.06-$.08 US before then without a problem.

Camelot,
I know most of their options were expiring the beginning of Jan. Do we know for a fact that they excercised them? If so, I don’t know the strike price but they prob had to come out of pocket w some real money.

Frankly BC,
I am down but would probably cut my position I. Half if I could do it in one sale without tanking the market. Part of me still holds out hope but holding is more a defensive measure at this point. Just in case it hits.

Oleo,
Well it sounds like we won’t get any extended flow tests for at least another 5 months. And that’s on a well that we started 15 months ago. I don’t understand why we can’t do more than one well at a time. Is it really such a linear process?
Thanks

Boogie,
I have to agree that most analysts clearly don’t see a future here at this point. They may be watching, May think it may turn into something in the future but right now, there is ZERO interest in this stock.

Would you explain the point you made about origin not doing anything until the farm out requirements are met? You say they would lose their share but I would imagine a simple waiver from Falcon would allow them to pursue a buyout without finishing? What am I missing?
Thanks

2 months for POQ to work on his next press release announcing the work has commenced and he can’t wait to update us again as work progresses!

Sooooo....it sounds like we have 5 months until we are able to get a 90 day flow test on this well, IF they can successfully clean it up? If we can’t clean it up, aside from a price collapse, does anyone know what we can expect? If the flow is good, will we announce another well in the Kyalla? Another horizontal off of this vertical? It’s hard to believe the market cares this little about this company-given the volume- but the proof is in the pudding. What would it take for the market to take notice? 5 good wells? 10? 20?

JP,
I can only answer for myself but, I have several investments where I have been in so long that I would rather lose my money invested than pull it out and then see it succeed. The pain of that would be much worse than just losing the money in the investment. Not a great investment strategy I know but it is real nonetheless. The key is to avoid deals like that!

Boogie,
Unfortunately I’m not convinced there is a floor at this price. And we have been hearing “a year or two” for the 5-6 years I’ve been in this stock and I know for others, a lot longer. I’m in for the duration but can’t say that I am optimistic. Jmho and GLTAL

Given the small bump back in 2016 for the Amungee well, the non event today, the fact that we don’t seem to be able to drill more than one hole at a time, is there anyone who sees a scenario where this co is sold for US $1/share within the next 3-4 years? I’m having a hard time envisioning that.

Only 6,000 shares traded in the US but I can sell for $4.95 on etrade

Yeah, you’re the man big ones! We’re just happy you spend so much time here even though you only have a couple thousand invested.

Sneaky-all good points. I think though, if the Kyalla does prove a disappointment, we will all be sorry we bought at the .10-.30 range as Weill probably test new lows. A good chance to pick up more if you really believe in this stock but not so good for existing investments. I have not been here as long as many- 4-6 years- but at a certain point, a double or triple just becomes a “good” investment and not a great one. If you’re prepared to lose it all the payoff should be a very big one. This one may not be-esp for those that have been in it 10+ years. I am still here because I would probably feel worse if I left and it hit them I would if I lost all of it. Such is Falcon at this time I guess. GLTAL

I would stick to your “500 baggers” UP. Mvmd isn’t going there.

Well your mvmdf is down quite a bit off it’s highs this month. Hope you didn’t put too much into that.

Thanks. Makes sense.

I keep hearing about “issues w the water” or “hitting the aquifer”. Aside from possibly shutting this well down, is that something that could give the environmentalists some ammunition?

JP- yes that’s my point. Are we basing this negativity partly on a satellite image from the 4th or 5th of Jan? On a flare we may or may not see on the image.

I guess we’re all assuming that the nitrogen lift did not work? We’re basing that simply on timelines from board members and on the fact that a flare hasn’t been reported from a satellite giving close to real time pics? (Does anyone have the link to this site)
I’m not saying this conclusion is wrong, just that it may be several other things we have not considered. I still hope to hear good news soon on this Kyalla well.