Member Info for Poods

The selling in the market has been obvious for longing than any of us can imagine. The question I have is whether POQ or Cenkos have spoken with the referee to ascertain what is remains to be sold and then have someone put the block together with perhaps POQ participating on the trade? I would ask myself, but as most of you know POQ treats me "special shareholder to be ignored". So, one of you still in his good graces might pose that question. I would certainly participate in that "print".

All_
Do not know if the 10 p trade is valid, but if it is then it has hit my target, but I did not get any shares. Weird

WW-
If it turns out as we hope, that is a splendid idea for those still around!! And TU for your note, as reading between the lines, I thought you were as you describe. Poods

WW-
Spent enough time in corporate finance to say I agree the endgame will get what the buyer offers. It is in the interim the shares flop around due to several factors. If people are happy with the shares trading as they do, then we should not hear from them. But enough who are uncomfortable with price being down so much has created some pressure on a few, as has been mentioned from time to time. Frankly, the shares I have are not going to mean much to my son, except since he is the one who recommended FOG some 9 years ago, he hopefully will be able to see that "patience is a virtue". I am simply trying to get a more professional manner in the way our management presents itself. Since this is my first and last penny stock, perhaps, what we have experienced is standard. Poods

WW-
The irony of POQ's lack of appreciating the importance of what I asked is two-fold. First, if FOG indeed did not qualify for what I was asking, he should be truthful, and simply tell shareholders "the company at this times does not qualify for a reverse split due to ......whatever the proper answer is / was, i.e. insufficient capital, not enough shareholder, etc". If in fact the reverse split could be effected, I would have asked his assistance in putting me in touch with the seller and the block would have traded, if we had an agreement on price. The trickling selling of shares would have gone POOF. Poods

If POQ had understood the benefit of my suggestion to make the share price such that small institutions also well as individuals who simply will not buy penny stocks, my belief is the overhang of shares which is small dollarwise would be history. Remember 100 million shares is only ~$15 million, a pittance in the world of investing. If POQ had provided the answer to my question, instead of his opinion on reverse splits, the overhang question most probably would be history and the shares would reflect the good prospect currently being drilled. Why someone could not get him to simply tell us the truth is beyond comprehension. Even, if the answer was, we are too small and haven't the proper balance sheet, then we would know that was not feasible. Instead 5 years plus of STONEWALLING the truth and the mystery of the share price, which I guess he enjoys since he has little invested and enjoys a fat paycheck.

WW-
Understand your comments and for certain I am a broken record, but only for the purpose to let people understand the abuse shareholders are taking, at least in my opinion and I vote accordingly. As to POQ and drinking, my comments to that point are based on others in the past commented on "going to the pub" with POQ. I do not drink alcohol myself so if POQ simply goes along for the PR aspect of his shareholders, he should be encouraged to "socialized with his shareholders". Poods

bigones-
a few decision seem to need professional expertise beyond accounting, so suspect the board helps when asked or feels they need to add something

WW-
Thank you for your inputs, which after many years of reading your comments, seem well-founded. I understand the board's position on the AGM, but do not understand why they could not at least be linked via conference call devices, so they could take questions? Let me repeat, POQ has done some things well such as the negotiations, particularly with Hess. But he has also failed on others. It is certainly easy to understand he gets bored doing so little; therefore, his interest in golf and drinking beer in the name of public relations. That too is part of the job, except in this case due to circumstances he has an inordinate amount of free time, has failed to heed good advice on the financial front resulting in excess dilution from not understanding the ramifications of doing nothing. I cannot totally fault him for this as he is an accountant and not an experienced oil and gas executive, who understood that "stuff happens" and did just as I predicted to him a number of times. It was my concern for our poor financial position that pushed me gain an understand of the requirements for a reverse split, which would have provided any opportunity for large investors to participate. The regulators I spoke to were apparently not in the position to answer my question and could not tell who could. I told POQ, shareholders should know if the reason for not recommending a reverse split was not his "opinion" on trading, but rather the fact the company the did or did not meet the financial requirements to in do a reverse split. He only dodged the question and in the end, simply would take my call and you see the miserable price today which reflect some poor decisions in my opinion. Probably more than you wanted to hear, but since I am too old and too far away to speak at the AGM, which (thank you for the description business portion of our annual meetings), which last such a short time.

FOG shareholders are indeed fortunate to have an interesting looking prospect. POQ was not part of the team that found the Beetaloo, which most of us know. It is his lack of energy experience and a complacent board of directors, who seems to fear POQ's leaving shareholders stranded, if he was asked to leave. This company is about BEETALOO and not POQ. The discovery has and will hopefully be attractive enough shareholders finally receive a return on their investments. POQ is entitled to a FAIR COMPENSATION package. For a company this size, his package is as I have stated ad nauseum, overly generous. We can survive without POQ, but not without BEETALOO. Poods

BuckeyeBuff-
Your comments and related questions regarding the AGM are the best I have EVER seen on this board. Perhaps, I would ask for an explanation from a representative of the board as why we pay POQ excessive compensation, including substantial options for his limited responsibilities. I hope enough folks can go to the AGM and create the long overdue discussion of internal operations. Origin will take care of their responsibility, good or bad. Poods

All-
I have thought for sometime but not asked this question: who in this chatroom trades with Davy, Cenkos or any other relevant firm? It would seem if you have a broker's man at one of these firms, you might perhaps get a sense of what is driving their interest. I suspect the answers will be vague but "nothing ventured, nothing gained". That said the selling is still there and should we see a few downticks, perhaps the selling will give us a real bottom in the price, as I still do not feel we have seen it. If correct, I will have an opportunity to buy more on weakness. Best, Poods

gonoles-
Thank you for your warm response. My wife and I generally go somewhere in the world once a year. Ireland and Scotland are on our to do list, but FOG is not. If you have followed me for any period of time, you know this is not about the money; rather, the principles of what I view as shareholder abused. I am not going to repeat what I have said and only hope you have read some of my past comments. If the stock goes to $5 or $10, I am going to be pleased for those who have endured this tale. For me, good results will end up being more donations, for those in need. Thank you, Poods

WW-
The "schools of hard knocks" are just that. There is no graduation certificate; just the knowledge gained by the experience.
Poods

The drill bit indeed will dictate the future.

Thank you.

gonoles-

You certainly are entitled to your opinion. As to your shareholder question, you are generally correct shareholders of record are entitled to entry, but there are exceptions and will let you research that point. As to the rest of your note, let me say simply, my beginnings were humble. I started to work at 11 years of age and loved what I did and grateful the grocery store manager let me work for tips and small hourly wage, even though I was underage. The job gave me money to do things like buy my mother a Valentine's gift or my father or brothers, a little something. I had working class customers who would not let anyone else sack their grocers, so they could give me a $0.50 tip at a time the store paid me $0.92 per hour.

I got my education including later working part time at a brokerage firm while in my first year of college. I had to catch bus at 5:30 a.m. most days for the long ride to school. Fast forward to age 50 and my retirement. Yes, the investment business paid off well and taught me many things. I used some of my free time to serve on the board for 12 year of a major national park, where we were able to learn and help. We made a difference. Based on my experience, POQ has a few things to learn, as does what we call our board. So, instead of flying all day to go to what seem to be "rah-rah" meetings, I have taken to the chatroom to share some experience, to try to smooth out the rough ride shareholders have taken. Some of you agree with me; some don't. You do what you want and I will do the same.

Remember the geology looks good; it may turn out that way or not. But, in any case, I understand FOG is a potential case study in right and wrong.

WW-
Thanks for your note. And glad you get some comfort visiting with POQ. In my case I understand why he does not visit with me. Perhaps, he doesn't want to hear he made a mistake or two along the way. But, I don't need to tell him that; he already knows it.
If it were not such a long trip I would attend the meeting, but probably would not be permitted into the meeting, as I am not afraid to ask tough questions. If fellow chatters knew more of my background, there are a few colorful stories of executives who thought they hung moon, only to find one's career path can be redirected and the moon still comes up.
Takes a fair bit of energy to fight for shareholder rights and I simply find it easier to sit here with my little investment and try to help others. There is little for me to do except add to my position on occasion and hope the drill bit is successful. If not, that is part of the business.

WW-
My guess is this will remain a tight hole at least to the AGM. And even then, if Origin feels there are strategic reasons to sit on the information, Falcon may have little it can say. If you told me the sellers had completed today, which I seriously doubt, the share price should begin acting in a fashion more typical of anticipation of a speculative well and go up a bit.

"One thing Phillip got right at last years AGM is there will be a lot of excitement at this years event"!!!

Not unless FOG shareholders turnout and express their dissatisfaction with lack of timely communications on relevant matters. In the old days, we saw POQ going around "sharing our story", which he was paid to do. However, when times are tough, shareholders are also entitled to better communications about issues of concern in their investment. Good managers know how to manage, which includes timely communications. Shareholders have rights: use them.

All-

The share price is a painful reminder, not all things go straight up, but in fact at times go pretty much straight down. There are a number of factors, both good and bad, FOG shareholders must contend with. I would like to believe our board is aware of the results, in my case 9 years of accumulation and no gain - no loss, while the markets have been on fire. No need to recount all the bad, but do remember the geology seems attractive.

With the AGM right around the corner, my hope is some shareholder(s) at the meeting, will simply ask the obvious questions we all have. The geology is what it is; the management unfortunately, also is what it is. The difference is the geology appears attractive to Origin, while our management, simply does not understand information is important in difficult times. The regulatory filings required outside the U.S. seem to be less informative / frequent than those in the US, so a shareholder is to a certain extent flying blind. Management makes little effort to explain the extent of the selling pressure.

POQ has little to do. Frankly, there is not too much more he can do, except do some digging, for which he has plenty of time, to explain the parameters explaining the selling pressure. If he has not spoken with bankruptcy team, perhaps he should to help explain where things stand on that front.

As far as shareholders go, POQ seems happy after the AGM to head to the pub for drink with a few of you, tell some jokes and say see you next year. Maybe asking some good questions and getting answers might be better than listening to his canned talk, most of which, we probably have heard ad nauseum. Know it's tough, but hang in there.

All-

Do not think I would say POQ has "one foot out the door". While some of his decisions are poor, he knows his contract is fabulous and he "ain't going nowhere". Judging by past proxy contests and the limited number of those who vote against things, it is easy to see POQ is safe in his position.

As to whether POQ knows more than he is saying is debatable. The contract language probably speaks to what the "operator" has to or can say and to whom during the drilling operations. But, it is clear we seem to have multiple sellers and may be nearing a panic. Will continue to add as the shares decline, again because the geology appears excellent, despite all else appearing to be totally mismanaged. Also, this years option price is going to be tough to swallow.