Member Info for Longknife

805- I have very little doubt that POQ will end up w BS or Tam in some capacity! The sad part of this is I'm not even thinking about the $1/share we used to talk about. I'll be thrilled w $.30/share and I doubt we will see that. The only option I see is we just sit back and hold, doing nothing until Tam and BS prove up a lot of ground (a lot more than what can be done in a year or two) and then sell out- maybe we get the $1 number. This is more like 5-7 years in my mind given delays, etc.

Wet, Thanks for your info. A question I have is when you state;

"As I understand it, the well to date, has been pretty routine and has not encountered any major fractures which was my main concern as Riddle elected to save some money by not utilizing any 3D Seismic."

I was under the impression that after the Kyalla well- which you blamed on Riddle- that Sheffield had taken over the operation. Why, if things were as you say, would Sheffield possibly, ever in a million years, let Riddle do something he was not in 100 pct agreement with??????? To save a couple dollars! Especially as a failure here would probably be the end for Falcon and a multi year delay for Tam and BS. You gave the impression that BS had taken over all aspects of drilling after the Kyalla fiasco?

As far as the split. I'm not sure why a couple more wells would bring the stock price to the high teens when the last great results dropped the price by 60-65pct. I hope so but history says otherwise and we may have to wait for revenue.

We should be through the first lateral and well into the second by now. (30 days each). I am now assuming that we will not hear anything until AT LEAST completion of the second lateral. Does anyone have a good understanding of how soon after that- fracking will commence? Will it be immediately or are there things to do first? As far as whether good news on these wells will positively affect the stock price- I will not speculate. I doubt it but I really don't know and won't pretend to know. I guess it's time to enjoy the season and hope for good news in the new year.

Unfortunately, I don't have to look at the share price every half hour. I can look at it once a year for the last 8 years or so and know that it will be making its long decline. Down, down, down. If any value has been added, (and I think there has) the mkt doesn't recognize it. On another note, I thought POQ had finally come around to realizing that there needs to be some publicity for this "world class shake play" but there are no outward signs of it. I can only hope POQ is working potential buyers behind the scenes. I think what is probably happening is that BS is telling POQ "not to worry- when the time is right I will bring some buyers and you will have a spot". You can be sure this scenario will not be optimal for long term holders.

"I'm even more pleased that under the partnership deal that Philip negotiated for Falcon's shareholders the output from their study will likely further enhance the value of our 22.5% stake in our 4.5 million acres in the Beetaloo at no cost to Falcon?."

Further enhance? You mean from the. $.06/share it's currently worth? What do you think it enhanced it by and when will we see it reflected in the share price?

Oil, what do you mean by "both empire and Tambo have pulled back recently"?

Thanks

POODS agreeing that POQ is a waste and that we have lost , yet still trying to buy more shares.

The end may really be near! What price do we think this reverse split will happen at? I'm guessing somewhere in the high $.05s

Yup. Can't recall it trading in the $.05s but not surprising. Only good thing is it's only about $18K in volume. Well POODS can pick up another million shares for $56K!

805- all time low? Sounds like a good time to issue another 100M shares to his boss Sheffield.

Wet says "If the Beetaloo is worth $1 billion, which is not a stretch, then 'Beetaloo Resources' with 4.5 million shares would trade at $50/share".

I certainly hope that the beetaloo we are invested in is worth $1B !!!! That equates to Apx a $.20 share price today. Well under where we were 7-8 years ago. We do NOT have any news flow to crow about btw, and good results from wells have not helped Falcon. I disagree w almost everything you have said and will vote against this. Not that it matters.

"Surviving" to me, would mean sitting on the sidelines and letting someone else prove up the Beetaloo. That was kind of the "we're out of money- what can we do scenario". I'm not sure what we are doing here other than making it easy for BS or friends to buy us up.

A reverse split with no major news to announce is usually a terrible idea. This thing could go from $.07 to $17.50 and quickly drop under $10. In fact it could drop well below $.07 before this happens. And for those of you who want to say, "well we'll have drill results by then". We know the drill results don't move the stock price- n fact have hurt it. Revenue will move this stock price - if we ever get it. What was the point of giving BS shares at $.06? What was the point of the deal where we could sit out and let others prove up the Beetaloo? If this RS doesnt work, meaning the price holds, it's all over.

Imagine POODS' 10M shares will be about 40,000.

Also, I think the name is terrible. JMHO

Someone must think it's a problem. Just dropped 500K shares in the US. At $.064. POODS can pick up some more of his million shares at a good price.

So Rich, You are thinking what? Another 10-15 years?

"One has to admit that as drilling takes place with the apparent success we expect, Falcon's value will increase."

Unfortunately that hasn't been the case. But since we lost about 50pct of our value w the stellar results of the Shenandoah, maybe continued results will lead to something different as opposed to someone holding down the price of this stock.

Rsacas,

I think you hit the nail on the head. The biggest issue I

See with these attitudes is that "next time" it's going to be different. Once the moratorium was over this stock would sail upward- nope. The Sheffield investment would show the world how great we were- nope. The Kyalla was going to show the world how great we were- nope. The SS-1 was going to show the world how great we were- nope. Now these two wells are going to show the world how great we are- we'll see. It's ALWAYS a year or two away. This is the sign of chasing a bad investment. And make no mistake, for most this has been a horrible investment. And for many, even the magical $1 number - over a 20 Year hold would not be a great investment.

POQ should be in private talks with potential buyers now! Marketing could at least bring in some retail investors who could help support the price. We are less than half of what we were at before the great results of SS-1. There is NO interest in this company and there should be.

Hard to get excited when we are AT LEAST 6 months out from any potential flow rates that, if great, may or may not move the stock price. I hope POQ is diligently working on a sale if the flow rates come back positive.

About what I expected. Every "potential share price changing event" is 6-8 months apart. In this case, a bit longer. Once again, have to put this stock on hold and forget about it. This is how the years go flying past w this (so far) terrible investment.

Cam, I hope a sale IS close! I don't think it is though. There just seems to be no reason to buy FOG at this point. What would they get? We have 5pct of this first section. That could last for years. And POQ should have done some promotion on SS1 just so we wouldn't have to do a raise for his buddy/boss at $.06!!!! Two trips to Canada in 8 weeks is vaguely interesting but who knows what that could have been? Not convinced but I hope you're correct! And please get me my $.30!

This is who we need to get interested in Falcon!! Among others.