Member Info for Longknife

Blue Wiley, this is probably going to be the way to some money. I think you're right in that sadly, FOG just doesn't have the money to participate in these wells and will share minimally in any gas brought in. Certainly not much was accomplished w the money we did spend. I haven't done the math but sitting out these four wells doesn't sound like giving up as much as 1-2pct of the overall acreage, which would drop us from 22.5pct to 20.5pct although I could be wrong. I DO think that we are going to sit quietly while others prove up the beetaloo and then try to sell. I don't think this is going to happen soon. I also think BS could be telling all his buddies not to worry about FOG, and if they just start drilling wells while FOG sits on the sidelines we slowly lose more and more value. At some point POQ may feel he needs to raise capital to get in and that's where we will see major dilution. My hope is that as the beetaloo is being proven over the next few years that someone gets greedy and jumps in w a decent offer for FOG. That's really the only way I see us getting a decent number for this stock. Hopefully the TRump connection will help. I'd love to be wrong on this as I've been in for a long time.

Otd,

I've been saying for awhile now that $.30-.50 is probably right where we will be IF things go well. I also don't think we will see that for several years at least. I'm hoping for a bump on the run up to what will hopefully be good news on these wells but I don't think it will last for long. A buyout is where we will see our money.

I'm curious as to what the avg volume is in Aus and the LSE? In the US, FOG trades about $25K/day. Also, would you say the trading is active or just sluggish?

"Buy on rumor, sell on news". We are years away from any sustained price increases. Jmho

Oil, I'd be thrilled w the 10x and US $.50-.60. I'm guessing about half that though. Certainly just a modest return but at least not losing money.

Oh boogie. There is nothing you say that makes any sense. I think you must be POQs dimwitted little brother and he lets you use the computer in his office. I know you like to believe you know what's going on- but you have proven time and again you have no idea. Stop embarrassing yourself and your big brother.

Yes, yes Born 2 do something- things are great for FOG and any day we will reap the millions IF A-Z happens. TBN and BS control our fate. TBN is not the "pretend" operator - they are THE operator and we should hope for the best from them.

B2B, I'm glad you're happy to point out the issues TBN is having. I'd like to point out that TBNs issues are FOGs issues as well! Falcon does nothing without TBN. We've shown the inability and unwillingness to do anything but hold a permit for acreage. We've given most of that permit away. Unfortunately, the best thing we can do is sit on the sidelines for the next 5-6 years and not spend any money while the big boys prove up this ground.

I'm guessing BS was fully on board with whatever and however TBN was drilling this well. We were told after the Kyalla, by some on this board, that BS would be running things from then on. He owns as much as TBN, as well as huge pieces of TBN and FOG. I would imagine he has the juice to override anything he thought was a bad idea.

805- yes. At the earliest. Probably more like 2Q. Which will put those results about 1 yr after the "incredible" results from the S-1 well. And when these, hopefully incredible, results fail to materially move the stock price we will probably be looking at another yr for more potentially material results. FOG should def not try a reverse split at these prices and probably should just sit out the next few wells they can get out of and let TBN and BS prove up the ground. It will probably take another 3-5 years but we could probably get some decent money for FOG at that point if they are successful. Unfortunately I also think the macro environment has been as good as it could possibly be the last 4-5 years and we haven't been able to do anything with it. That environment can only get worse. Yes, yes I am complaining and no I'm not going to sell although this is going to continue to drag on. If this gets over $.20 US on these (hopefully great) next results I will be very pleasantly surprised and be happy to sell a big chunk of my holdings if doable. In the meantime we have another 5-6 months minimum to wait here.

Hard rock- can you point me to where it says they won't be fracking in 2024? Or is it in the TMB presentation? Thanks

Am I reading this correctly? That the two wells were supposed to be completed in 60 total days? And that an issue has caused the first well to still be incomplete 72 days in? That we hope to start the second well "soon"? Will we be able to start fracking the first well before the second well is drilled or is that not possible?

Thanks

Thank you Origin! I'm guessing (hoping) TBN is pretty sure of the outcome or it would have started Fracking? Otherwise, why agree to this?

Can someone point me to where FOG or TBN stated they were waiting until the 17th to track and the reasoning? Thanks

B2B. Says ". As one wise ow[ pointed out to me, should anyone have been really too surprised that it was Longknife who first called it an AGM and yet again misled the board and got his knickers in a twist."

As usual Boogie has no idea what he's talking about since I was certainly not the first to call this an AGM nor did I mislead anyone on the board. I also notice he continues to run down Tam when they are the only reason Falcon is making any progress at all.

This is my biggest issue. I understand that certain big firms won't invest in penny stocks. However, it sounds like the people who will first be interested are people like BS and his friends and they have no trouble buying in these areas. I have very little confidence that good results on these next two wells will raise the price to any real degree. And POQ has basically said no real buyers will buy until on a real exchange. So why would they buy "pre-new listing"? Why not wait for the split at a nice low price and buy then? So I expect the split will be done somewhere around $.10/US . I need to read up on what the other qualifications are to list. Someone mentioned revenue, which we don't have to any degree but is the only thing the market won't ignore. When will we have real revenue and I think that's when we will see price appreciation. JMHO

So they've found 1 bank willing to take them public. Assuming they can meet the requirements. Talked about getting a reverse split price well over the min $3 because it will likely drop substantially- not rise. Was obviously a very limited focus of the call- only about the resolution today. They have 1 year to execute the split and hopefully they won't even think about it unless the current price is 3-4x what it is now!

Should be done w the second well by the end of the month. Hopefully hear something good soon. As far as B2B, I don't know what kind of inside knowledge he has of Falcons inner workings but given his last two posts I can see signs of defensiveness, mixed messages and gaslighting.

I think we're talking about "substantial" amounts. On the level of a POODS for example.

B2B.

While it's true there are restricted times that directors and key officers can NOT buy/sell stock, there are plenty of times they CAN buy on the open market and as far as I know they have not done this.