Member Info for Oleo

From the TBN presentation: a reduced royalty burden for TBN

or an increased royalty burden for FOG share holders

POQ dropped the ball

Frm the TBN presentation:

Existing Falcon options will be cancelled.

FOG was a take over target for a minimum of one billion $.

Now we are a part of TBN. It was always strange that Phillip O'Quigley never talked to companies like ADNOC, Qatar Energy, or Japanes gas companies or Kogas or big chines gas companies. I guess the Sheffields wish to produce as much as possible of their own gas in the Beetaloo

What happens to the Karoo in South Africa?

"Fantastic news and always on the cards… Tamboran will fly in the US this afternoon and so will we!!"

--> so it is a good deal for TBN share holders.

In about 5 minutes we will get the TBN presentation at hotcopper

I always smelled this rat.

the 22.5% or 1 million acre times 2 000 to 12 000 US$ without payments to Origin or Sheffield (compared to the TBN share) would have been the most attractive part of the Beetaloo for the highest take over price.

POQ dropped this ball.

What will happen to his options?

Chevron seeks approval to drill 10 offshore wells in Walvis Basin

Chevron Namibia Exploration I Limited (CNEL) has applied for an Environmental Clearance Certificate in Namibia to conduct offshore exploration activities in Petroleum Exploration Licence (PEL) 82, situated in the Walvis Basin.

The proposed programme covers Blocks 2112B and 2212A, located between 72 km and 300 km off the Namibian coast, in water depths ranging from 200 to 2,500 metres.

CNEL plans to drill up to five exploration wells and five appraisal wells, alongside vertical seismic profiling, well testing, plugging and abandonment.

Dick Stoneburner: "However, what we are starting to see is the Beetaloo Basin showing its own distinct character, which may indicate lower decline supported by higher gas in place, higher TOC or total organic carbon, and higher gas saturation. Additional and longer duration testing of these wells will support what the ultimate EUR of these wells will deliver. "

Transcript: https://finance.yahoo.com/quote/TBN.AX/earnings/TBN.AX-Q4-2025-earnings_call-336660.html

XRG said a “combination of factors” derailed its third attempt at securing Santos, which Abu Dhabi had hoped would bolster its ambitions to export LNG into the Asia markets. It’s understood other issues, such as a lack of communication and inflexibility over capital gains tax, and recent media reports over environmental risks that the consortium was not previously aware of, were part of the broader issues that derailed the deal.

Although talks with Santos have collapsed, the consortium is still expected to explore opportunities in Australia’s energy sector.

Sources familiar with the matter also emphasised that regulatory approvals, and unions, were not a concern, calling the decision “purely commercial.”

Yes, the market entry of ADNOC (or any other LNG exporter in the Middle East) could lead to a competitive situation that is advantageous for FO. The following scenario would also be conceivable.

For reasons of national security concerns in Australia, ADNOC is not allowed to take over Santos. As a Plan B, a company like ADNOC or Qatar Energy could then try to gain a foothold in the Beetaloo in order to be able to continue supplying LNG independently of Iranian threats in the Strait of Hormuz. This could lead to an appealing competitive situation with the Japanese regarding the FOG takeover.

For me, the Japanese INPEX is the most logical buyer of FOG's gas asset in the Beetaloo. It will be most painful for the Japanese if they are outbid and outmaneuvered by another oil company. But it should be okay for the Japanese if BS or a dominant major oil company takes over the operatorship in the Beetaloo via the TBN share.

page 34:

INPEX-operated Ichthys LNG (8.9 MTPA): Commenced production in

2018 with gas supplied from offshore fields to underpin LNG contracts

o ~70% of Ichthys LNG is sold to Japan

o Recent drilling results and reservoir underperformance may bring

forward decline to early-2030s (as per Wood Mackenzie)

o INPEX have announced studies for expansion train at Ichthys

− Santos-operated Darwin LNG (3.7 MTPA): Planning to commence

production from offshore Barossa gas field in 2H 2025 and will be at full

utilization until the late 2030s

o Approvals in place for a ~6 MTPA brownfield expansion train on the

existing site

o Tamboran and Santos have signed an MOU to explore opportunities

to supply planned expansion development with Beetaloo Basin gas

TBN Roadshow

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02993410-2A1621562&v=c2533a54e2514fb77a8f93f84db686e1125273e9

As a starting point for Mr. POQ: Go to page six

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02988699-2A1618990&v=c2533a54e2514fb77a8f93f84db686e1125273e9

and start to call these companies.

...he's just a bit lazy and hangs out in Dublin instead of knocking on doors of decision-makers at big companies in the US, EU, GB, ME, and Asia that could take over the FO. South Africa was completely ignored. And yes, thanks to the tireless efforts of Underwood and because TBN Riddle brought the Sheffield family to the Beetaloo, FO will continue and succeed.

This presentation appeals to me more than the ones we’ve seen recently.

I hope Mr. POQ will now actually become proactive instead of just sitting around. I hope he visits the decision-makers of major oil and gas companies not only in the USA, Japan, Korea, and China etc. but also ADNOC and Qatar Energy. Need an example? ICN drilled a dry exploration well that has already been plugged. The second well lacks a commercial production test, and the Production Sharing Agreement with Zimbabwe hasn’t been signed either. Nevertheless, a Qatari from the sheikh family is investing $500 million. Here, IVZ`s CEO is telling us how he got this deal: https://us02web.zoom.us/rec/play/UEqTNYslQz5ERKmyFJXNsROxlPw9tIxnrfTMSUx3yY6TW0tA5Kih6erUaTWNiNiQz2ke4rPSZLuSkBjN.vrZl7V5I5uSbja56

In contrast, FO is sitting on a treasure worth many billions of dollars, which has already been proven with economic test rates.

LOL BornToBouggie

just enjoy this green bananas blues, created by an old man from Florida in his seventies: https://www.youtube.com/watch?v=xkWbYjunkfs

More than 15 years green bananas is lemon. But it may help to get these FOG bananas finally slightly yellowish when Mr POQ becomes more proactive.

I hope that the Sheffields accelerate everything. FOG will stay a green banana company forever if we rely on our current management only.

https://www.youtube.com/watch?v=xkWbYjunkfs

Https://www.skynews.com.au/australia-news/politics/gas-flow-from-northern-territorys-beetaloo-basin-edges-closer-to-reality-after-native-title-holders-sign-historic-deal/news-story/c5370598ca7c1b3f30e6b5476f62bae4

Snm published positive q2 numbers

Https://www.abc.net.au/news/2025-07-29/joel-riddle-steps-aside-as-ceo-of-gas-fracking-company-tamboran/105587174

From smallfish: "The Scott Sheffield timeline is informative. That he was so enticed to be part of the Exxon board and has gone this way in tight timelines probably has something to say... There's a bit of Texas vs FTC in here.

Timeline and Key Issues: Scott Sheffield, Pioneer, Exxon, and Tamboran

1. Sale of Pioneer to ExxonMobil

Negotiations and Announcement: In 2023, under CEO Scott Sheffield, Pioneer Natural Resources began talks with ExxonMobil. On October 11, 2023, Exxon announced an all-stock merger to acquire Pioneer for approximately $59.5B—one of the largest oil sector deals of the decade.

Closing: The acquisition was finalized on May 3, 2024, making Pioneer’s assets part of ExxonMobil....."

Thats how you do a deal in the oil and gas business and as planned in 2009 with Falcon.

We do not need this stupid name change from Falcon to Betallo Resources. This is a waste of share holder money and does not help to get higher flow rates or a deal done. And you will confuse people with Beetaloo Energy respectively Empire.

I wonder if at the least Mr POQ has called the CEOs of Exxon, Chevron, Shell, Total, Petrochina, Kogas .... in the mean time instead of wasting resources with a new name for Falcon. I am asking: Does this guy understand the difference between important tasks and unimportant tasks? Scot Sheffield would have done the Exxon deal not because the name was Pioneer? And clearly Exxon did not buy Pioneer because the name of Sheffield`s company was so beautifull.