Member Info for Poods

All-

I believe the lack of interest we see is a function of 2 things: first, the well is not spudded and therefore, some of things that can go wrong, are still present as a potential curse to us shareholders; second, this reluctance for the shares to rise is as good an indication of the total lack of credibility of POQ and perhaps the board. Once we start drilling I would be very surprised we do not get some upward pressure. However, a lot of shares have been purchased at low prices over the last several months, so do not expect the shares to rise like we would like. If drilling starts and progress is as we hope to hear the shares should gently move up. This company until some things change is likely going to trade like one with a curse on it. That too can change overnight, but that is for another day. Good luck to all, as we need it!

I suspect many are scratching their heads this morning with the FOG news released this morning. Frankly, I am bit surprised also, but upon reflection want to remind all of 3 things. First, from what I have read, the standoff with Blundy is still before us; secondly, sellers are still supplying more shares than rightfully cautious buyers are willing to buy; and finally, POQ has burned us so many times with his optimism, shareholders have become for good reason, cautious. Today's price is probably an attractive entry point if one has the patience we may still need as our saga continues. While POQ was probably well-meaning in his past pronouncements, we must remember his training was accounting. The reality now of his words is "take them with a grain of salt", graphically demonstrated so far today by the heaviness of trading. Continued patience is still the order of the day. Good luck to all.

We all are waiting, but POQ for a change is not saying anything because apparently there is nothing definitive to say. The next quarter's statement / regurgitation of "our strong financial condition" from POQ may also include some update with regards negotiations with Bundy? However, it really is not helpful for POQ to comment on the case until there is something definitive. My position at this point is there is a chance the "spud" date is delayed until next year; therefore, I am waiting to add at lower levels, which is likely if negotiations failed or are delayed. So, the "never-ending story continues in inflict mental anguish, which sometimes is the case for shareholders. If I live long enough, hopefully the previously announced seismic indications are proven correct and our long wait hopefully proves worth the wait. Meanwhile, I suspect POQ remembered to take his golf clubs and is getting in a little golf, so as not to be bored while simply collecting his ~$10k per week. Snow season here is upon us, so other things to do in the near term.

As a long-time participant in this chatroom, you should not need further, as regards POQ efforts. The drill bit ,if and when it spuds, will tell us what we have been waiting for, hopefully reported from Origin with their expert commentary.

Just saying, but understand your response

All-
I see this morning's note with POQ being quoted. The non-reaction in share price is a sad commentary. Honestly believe if Ann or a Director of FOG had stated the same, the share price reaction to the upside would have been far greater. Enough said...

Darnitagain-

Thank you for this exemplary summary of our situation, with special on our leader, who to repeat is paid near $500,000 per year. And case you are wondering if I am jealous of POQ's, I am not as my wife and I give more than that away many years. He is overpaid and why the board does not cut his salary while $$ is scarce on our balance (and still is), I do not understand. Perhaps, they simply do not see the forest for the trees. Thank again for succinctly stating what I have been dealing with for years. If we did not have Ann, as treasurer, POQ would fit the slot.

All-

When I worked in corporate finance a long, long time ago, part of my job description was what was called in effect "what if". Yes, my curious mind seemingly came up with many scenarios that might affect the project we were considering. In reading comments this morning, a "what if" scenario popped into my mind. "What if" in fact the shares in bankruptcy have legally been released for sale? Also, trading is / has been unusually quiet in part because no news and the persistence of selling, at least that is the way the shares trade. Given the quiet of late, my "guess" is POQ may be a member of a group trying to purchase the block of shares out of bankruptcy? If in fact that is the case, it makes sense to not say anything until a trade is made. Now Origin could possible in know and have expressed interest in buying the shares. If that were the case, frankly, there is no reason to let POQ in on the trade. The question to me is price and in the end probably will not mean too much after a short period of trading. The odds are in our favor the buyers will be informed of whatever is legally available. So, for my two cents and since the shares are about where I have wanted to start buying, I am going to be start on a "scale down" basis to purchase when so moved. The investment risk seems to be drilling is delayed into 2020, I give relatively low odds, given what we I have read on this chatboard. So, again good luck to all.

All-

POQ and recent events:

I totally understand each of your and my frustration with FOG and POQ, not necessarily in that order. In my opinion, there are several reasons we are frustrated: first, I am unaware of any real management expertise on POQ's part. I suspect the board of directors got a recommendation from someone that POQ understood what needed to be done financially following a period of apparently heavy spending by Bruner (perhaps with support from his board). This was before my time as a shareholder, so do not have that prior background. Are any of the directors from the Bruner years, still on the board? second, while it has taken me quite some time to fully appreciate the differences between certain U.S., Canadian and Irish security regulations, the case for a reverse split still holds water based the supposition larger investors might have looked at FOG. Unfortunately, I never was could find the right securities person to answer the simply question "do FOG qualify to enact a reverse split. Philip and Ann both refused to answer the question. I suspect FOG lacked the balance sheet to request a reverse split, so I probably wasted considerable time on that phase. If one of my fellow chatters on this board knew the answer, I never heard the answer.

So, between inexperience, ineptness and a lot of "stonewalling"from HQ's, we are left with 2 things: an apparently great looking drilling prospect and poor management for this particular situation. As I have said before "good luck to us all", as we are going to need it.

Think if someone POQ or Ann listens to tells them about it and what to do, they might have time between them to get this taken care of. If we ever have some success, we certainly have earned it, but don't count on it.

Time will sort things out, but appreciate your input. Perhaps, if POQ learns of this spoof, he may want to comment. Then again, he may consider it not worth the time on his busy schedule.
Thank you

That is unbelievable. Anyone on good terms with Philip should send this along to him and get his response. Nothing should surprise us at this point.

https://hitoilandgas.com/management-team/index.html

All-

Some pretty good exchanges today in the chatroom. Again, I had to smile about "poor" POQ being caught in the middle of this. However, he is being paid nearly $500,000 with perks to be our chief executive, I must agree that given the current events, he would not in my opinion be incorrect to assume his shareholders might be interested in what is going on regarding the holdup in drilling he has been predicting. If he is on the golf course, perhaps one of you locals to him might ask if he has time to take care of his shareholders. If he has nothing to say or to say, he should explain in either case. For today, onward and downward!

The "noise" over the past few days is perhaps unsettling, but the factual data released by Origin remains my basis for holding and frankly considering adding as the shares approach my original target of months ago. It is difficult for most to continuing holding something that acts this poorly. Obviously, there is selling of which I have no idea for sure where it is originating. Time and the drill bit will tell us if the real data presented is the basis for the success we all hope for.

My only concern is when Origin's call for AFE funding comes, will there be enough money also to pay POQ, or are going to be the losers.

Thought a little levity in good order. Cheers

IT guy-
Not sure what it is your last "hug" post is about or the fact "jfhealy" just indicated he may sell half his position. But, for me the logs and DST (test) seem encouraging. The politics suck, POQ is overpaid and a few other things, but at this point patience is an effort, which will either be rewarded or not. Even after 10 years of waiting, the return could be pretty good. Whether it was worth the effort is another matter. If we have another annual meeting, perhaps someone in Ireland will propose total compensation for POQ be cut by 50% until such time as we have results to support his salary. At this point, Ann (our financial person), our company counsel and our auditors along with the board can take care of the required filings. If and when there is reason to enter discussions on sale or other options for the company, perhaps the board can figure out the proper course of action. In any case, no one should go overboard in investing in this company or for that matter in any company. We grow older and more weary by the day.

All-

Not aware of anything new after scanning the June report. Since Origin apparently has no new news to be released, perhaps this corporate release noted by UltraPetroleum is FOG's attempt to generate interest in our shares, so more options can be sold on any move up? Cynical, yes and first to admit it. Hope POQ's golf is in good shape, as I am sure he will be busy once he needs to share what Origin sends him on occasion.

WW-

90% agree, but board did not listen to an experienced comment to be like the Boy Scouts...PREPARED. I suspect one reason POQ does not want to talk with me because he does not want to hear "I told you so". Think others have done that for me; although, I would not have to say so, as he knows the board and / or goofed. We are due a break so we can see the drilling results. However unlike some on this board, selling may not be the best answer, depending on the results. If very large, FOG will have several good options. If I were on the board, I would inform them so.

WW-

Very well stated. Only thing I would add is the FOG board appears to not understand the importance of being prepared for the unexpected as the recent poorly timing underwriting shows. Thank you

Newtofo's latest post-

...is of more value than all FOG / POQ have issued to date. All FOG shareholders should be thankful Origin is making the important decisions affecting any long-term value to be derived from their efforts. I must say the Greenies in Australian probably could raise a fair amount of money if the gave lessons to others wanting to learn the "the ropes of impediment"!

ITguy and Otd2000_
Thank you both for checking, as it would be SO bad to see him selling with all his horn tooting in the recent pass.

Best for us all