Member Info for Longknife

Wet,

Yes, yes we all know what a master POQ is, and as always, we are just a few short months from monetizing this asset we have all been in for years!!

As far as the timing of the DSUs, you and Newt may be right- I hope so. However, I don't know the legalities of the timing of when FOG needs to opt in/out of a DSU.

I don't know what BS or TBN or a new farm in partner has to do to tie a DSU up? Frankly, my goal as one of those 3 or any other company that comes along would be to freeze out FOG as quickly as possible- esp if it means another 22.5pct of oil for them. If that means parking equipment, clearing the land, or even starting something on as many DSUs as possible and forcing FOG to make an early decision to opt out, then that's what I would do. I also am not sure on how fast the value of the stock would rise on drilling results. We've seen that the current drilling results- whether by Origin, TBN, or Empire, have done absolutely NOTHING to help the stock price. We certainly can't raise any money at these stock levels. Again, we just need to sit back and wait because that is the only option we have. And given the past history of the beetaloo, any timing or schedules released by these companies should be taken w a grain of salt. History has shown that things never progress at the speed we expect/hope for.

Newt,

Thanks for the information on the 6400 acre lots. If that's the case I feel quite a bit better. However, if we have 4,400,000 acres and each is 6400 acres I think that gives us 687 areas, not 6875 areas. So depending on how long we wait I could see us losing 5-10pct of our holdings depending on results etc. still, it's better than the large units areas.

805,

No need to worry about what B2B has to say. If you go and look at his posts going back years, he is constantly talking about this development and that being "game changers", it's always great news (no matter what the news), always predicting "new stock highs", always "on the verge", always predicting big funds about to come to the Beetaloo, always 6-12 months away from monetization, and ALWAYS wrong! IMO, He's a pumper, plain and simple. You are right in that dumping a CEO w no replacement in place is not a good sign. And I agree that BS is slowly wrapping his giant tentacles around the Beetaloo and preparing to squeeze tightly. How many 44,000 acre (or whatever) squares can we opt out of and not start to lose value as we sit them out? Yes we hope that the stock price goes up as things move along but what's to say that it will move enough for us to participate in any meaningful way? I maintain a $.30-$50 buyout target for Falcon in Apx 3 yrs. It will prob be BS or a BS associate. I also have no inside knowledge like so many here claim to have and I am not a professional or giving any advice. I hope I am wrong and we all get that $1+ buyout we hope for in the next 6-12 months but I don't believe that will happen. JMHO

It seems we are starting to see some agreement on the fact that we are several years away (at best) from a Falcon buyout, or even significant sustained price appreciation. Those that thought we would see an increase on this well's results have not been watching the last few wells. Esp a short well like this one is. If, as newt thinks, we may not see a farm down until there is clarity on a pipeline which may take a year or two, I don't think we will see a real price increase for several years after that. Aside from the pipeline (if newt is correct) I think We need multiple full 10,000 meter wells w good results- hopefully from TBN, Empire, Sheffield and a farm down partner and then maybe we will see some real interest in buying Falcon. Until then we do the only thing we can do and sit on the sidelines and hope other companies can do the work. A buyout this decade is a good possibility but no guarantee IMO. GLTA

805-true, except for maybe the S-1. That goes for Origin and the Kyalla too. Pretty much everyone Falcon has done business with. In a couple of years we will hopefully have DW and a new farm in partner drilling as well. It would be nice to not have to wait a year or more between potential catalysts. (Which turn out not to be catalysts)

Well, he's not entirely wrong. At least on the fact no wells have been drilled to 10,000m. This has def been a problem and it's clear none of the wells have moved the stock price (except maybe the one before the moratorium- and that was temporary). I think everyone has their doubts on whether the S-4(?) can be fixed so maybe the next two will be successful? This is why I think we are multiple years away though- everything takes more time than we think it will.

Frackme. You mean at .095? That was the low yesterday in the US and .10 was the high so shouldn't have been much of a stretch. But I think I saw like 15,000 shares traded hands so no volume to speak of.

Tried to buy at .095 today but no bites!

Wet- says, "Until the Beetaloo heats up and there is sufficient interest, Philip will keep us on the sidelines conserving cash"

Haha. Of course! Because that's all he CAN do! You want him to raise money at these prices? Of course not! We can not do anything on our own so what else is he going to do? He'll sit, do nothing, wait and collect his paycheck!!

Wet says-"Once the Beetaloo starts 'cooking' then Philip plans a reverse split followed by a listing on the AMEX in the US."

Yes we heard this. It was planned for the 1H 2025. Still want to do it? A reverse split rarely is successful and I see no real catalysts coming down the road that would make a reverse split work. I anlso don't think we would qualify for the AMEX. Either way, his plan is delayed.

Wet says- "You obviously have never run a business - there is no way one fires its management and then expect them to gladly return a few years later!"

You can always tell when someone is butt hurt and they start making personal insults. I've actually run a pretty successful business for 30+ years w thousands of employees. Obviously, I didn't mean to actually get rid of POQ and then bring him back- I don't know that he would bring much to the table in 5 years. My point is he could disappear for 3-5 years and we wouldn't need him! That the next real thing for our little company to do is sell out to some real money. And we are unable to do anything but wait for others to do the work for us.

Just continue to sit and wait and let other people do the heavy lifting and you should come out of this w at least an average return on your investment. Or don't. Sell and get out. Up to you.

"Fortunately, POQ has very wisely opted out of any contribution to Riddle's next three VERY expensive wells, which leaves Falcon with more than enough capital in the bank to get us through the next year without any dilution."

Yes. POQ has opted out of these wells and will probably opt out of the next few as well since we have very little cash, no ability to raise cash at decent stock prices, and obviously no ability to control our own fate other than to wait for others to do the work. Frankly, as a company, our Falcon does very little other than to hold the 22.5pct and at this point I'm not sure why we are paying POQ $700K/yr. The only thing we NEED capital for at this point is to pay a few salaries, maybe office rent? Yes he earned his salary the year he got us the opt in and out clause but have we really needed him for much else? Remember all the promoting he was going to do? Have we seen any of it? I guarantee AI could do all his press releases. In 3-5 years, if everything goes well, when it's time to negotiate a buyout price maybe we bring him back. In the meantime we wait for a few years, root for TBN and Sheffield to succeed, and hope for the best.

Most here are more than patient and have been here for years. There's no doubt this will trade " a few Pennie's higher", at least for awhile. It just probably isn't going to move like it used to. And even if it drops back to where it was I wouldn't consider it a "fail". Things are lining up, it's just going to be awhile before this stock is bought out. If things keep progressing positively we shouldn't have more than a few more years before the stock is bought out. IMO

Less than $40K has traded hands in the US today. Most likely a few people from this board buying and selling a few shares. There is virtually no interest in this stock or in trading this stock. NVDA and PLTR, A $3T and $300B mkt cap co are up 3-4pct today. That's where you make money day trading. Not in an $100M micro stock w no volume.

Great results. Was hoping to see at least $.15 US and maybe we will. We've seen that on the run up to other well results, good and bad. I think the market is still just not interested as there is no rush to buy Falcon. We are not the masters of our fate and the next catalyst is probably 6 months to a year out. The "$150M floor" set by BS' purchase of the 100,000 acres is clearly not a floor. I think a farm out to someone other than BS may get people talking and maybe we will see an increase then. Otherwise it will just have to be drill and drill some more until someone is interested in getting some of that gas. My biggest question right now is how much acreage can we potentially lose if we continue to sit out future wells (which I think is the right course if the stock price doesn't improve 3-4x) while TBN and DW and whatever farm out co comes in and continues to drill. Still setting a 3-5 year target on a FOG buyout. JMHO

Nope. Not a lot of interest volume wise, in the US anyway. Was hoping to get a price run up to the news like we have in past announcements. $.15 US anyway. I'm thinking news may not be until late next week and maybe we'll get some run up then due to someone other than the people on this board.

Unfortunately we have a solid $150M valuation set under Falcon now yet it did nothing for the share price. I would love to see a $500M valuation through a farm out but that doesn't mean the share price will follow. I don't think these upcoming well results will help the share price much - the farm out is probably a much bigger thing. We will continue to wait I'm afraid. And considering almost every well since the moratorium has had a problem or been delayed, I don't think we will be seeing results in early 26. Wet water or Newt also have me convinced that the S-3 (or 4?) will not be fixable and we will have to eat it just like the Kyalla (I forget if that was Tamboran or Origin?). Hopefully some big boys become interested in FOG at some point and we start seeing some volume.

I agree with Newt on this! If the stock were to get to $.50 or so I would be very tempted to sell a big chunk of my holdings. At least get my investment out of the deal! However, just because a farm out deal values the stock at a certain price doesn't mean the share price will follow. After all, we theoretically just had our acreage valued at $150M or so and the stock has not moved. I was hopeful that DW would begin an aggressive drilling campaign and they may- although POQ seems to think 2027 would be the earliest. Between delays and actually getting the wells drilled and proven by DW, TBN and whoever TBN farms down to, I think 3-5 years is a realistic timeline for a buyout of FOG. A concern now is that if FOGs stock price does not increase dramatically and we have to keep declining to participate, how much acreage could we realistically lose as others continue to develop?

Sounded like what we've been hearing for years. Everything sounds great and stock price stays the same. Wet (I think) certainly called the 3H or 4H well issue. Not fixed and Riddle said nothing about it. I wouldn't bet any money that it will be able to be fracked and flow tested with the other two. I doubt the flow rates on this short well will move the stock price very far or for very long. So we are looking at another year or so before we have another well result to look at. Maybe the farm out will move the price, maybe POQ will come up w a buyer for FOG? Who knows. But we sit and wait some more.

B2B (POQ). Clearly, you have zero reading comprehension skills. Go back and read it again, get a friend to explain it to you and then maybe you can understand!

To others; remember when I said there would be those who would spin this as a great thing for Falcon? Just like every other news release that comes out- regardless of its contents? Yet we sit close to all time lows and have given away most of our asset.

""Tamboran with necessary funding to drill three wells commencing in mid-2025 and stimulate four wells (including the Shenandoah S2-4H well drilled late last year) in a single campaign planned for late 2025 / 1H 2026 subject to JV approval""".

So here we are, looking at hopefully the 1st half of 2026 to get a well fracked and tested that was supposed to be flow tested in 1Q 2025. Given the delays we have experienced- I doubt that timeline is accurate. I don't know whose fault these delays are despite the constant finger pointing at Riddle and Tamboran. (Whose fault it may actually be!). Despite that, I don't understand the posters who seem to take delight in pointing out the shortfalls of our partner- whose success is Falcon's success!! I hear more about Joel Riddle and his shortfalls than I do about the fact that FOG has now given up 77.5pct of its only asset to speak of and for what? What have we gained? We are still in the game but we are being beaten down on every front. As an investment, this has been terrible- but all that is posted here is talk about Tamboran's issues. And the glee with which the posters talk about it is puzzling to me. It's like saying, "Falcon is one of the healthiest patients in the Intensive Care unit"! I own no Tamboran stock yet I root for them everyday and am happy that there is someone who is trying to prove up this acreage because we know Falcon can't do it!! So I root for Tamboran, Empire, Sheffield and anyone else who can prove up this acreage! GLTA

I am still hopeful we will hear about the issue on the well today at the TBN meet. Has the issue been fixed? If not, why not? Do we really believe it can be fixed if it hasn't been already? Hoping we hear today that it has been fixed and that they are just waiting to frack and test it. I am glad that the first well is being flow tested but it is another short one. Still waiting on the first long well to be tested.