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newtofo-
1. Don’t this is another South Africa,
2. The seismic just continues to prove correct through successful drillings results,
3. The chatroom is running over with mostly “we don’t know what we don’t know”,
4. Based on seismic, it seem okay to me; based on the chatting and lots of confusion, the stock is trending down,
5. I’ll take the seismic and will picking my spots to add in the next few weeks, as hard to imagine any or much of dilution as there should be some intense interest in this mess now. POODS
Wetwater
Your “blue in the face” comment reminded me of some things I learned along the way in now nearly 60 years of investing. First, in my class I had 3 exceptional investments which averaged 100X my money. The averaged close to 10 years of waiting and or doing something such as remove the management. In the present case POQ may have made a few mistakes, but they are minor compared to the ones he got right. Second, when your investment is doing nothing it is important to continue to dig into that which perhaps is a nugget of information that changes everything. FOG is lucky to have found that nugget of both knowledge and someone who is able to put is money where his mouth is or in our case Mr. Sheffield. That single factor combined with the geological seismic we have which is being by those other owners of property near us suggests, it may be my grandchildren that benefit, but I am confident those with patience and knowledge, perhaps, will stand tall at some point. POODS
WetWater-
I have been out of pocket for a bit and in reading recent chat do not understand what has or has not been rumored or announced which this causing more speculation? POQ has not responded in nearly a week, so assume he is on vacation! Anyway if you can clarify what is the current facts, I will be better able to decide where / when to add to my position because the geology took billions of years to create what appears a gift, which some on this chatroom seek to make the potential disappear. POODS
All,
I will be nice for drilling to finally commence, but POQ has learned “lose lips” are not good. I really have no idea how many shares remain to be sold or how much has been purchased. What I do know is the little bit of news we have continues to be constructive and the related information on the periphery properties is also constructive. Unless the seasons get interrupted the drilling season down under gets closer each day. I have picked my spots to add and am at 11 million shares and will continue to add until the news is bad or so good the price seems quite extended. I have been thinking of a new name for us and best I came up with is Molasses, Inc. POODS
Camelot1-
Thank you and yes POQ was pleasant when we spoke and did not need to say I had been right all these years. It was evident in his voice. He has taken a lot of flack from and for us, but stuck it out, for which he is to be commended. If he left, you and I could probably get us a long ways because of the work he has accomplished. I keep buying and hopefully this next season starts something meaningful. POODS
newtofo-
I asked POQ about a week ago about the selling and have no reason to believe he is not telling the truth that they simply do not know the source of the selling unless there is a filling. Viktor’s shares are not in the market according to him, so the couple of previously addressed seller obviously are still selling. Reason I do not know. What I do is this seems one of the best speculations I have been involved in. Granted 10 plus years will require a price to justify this wait. I have purchased another 500,000 shares and still think between $0.75-$1.00 is fair target if the infield drilling continues to be good. Good luck to my grandkids!! POODS
WW-
I have been reading comments this morning, as I chose not to listen yesterday as stock was telling me the selling continues unabated and near term news was not going to cause a “short squeeze” , a joke for those that get it! The bottom line is Origin had trouble with a fault which is understandable, as that is Mother Nature’s way of saying something. That something is get the best industry experts and study the situation. This time it has certainly has studied; whether to death is moot point, as seems the drill bit is heading into the ground soon and that speaks for itself. Finally, at the 9 level I started adding again. Bought at least 250k.Think my grandkids will be happy with the grandpa. POODS
All-
I indeed had a pleasant visit with Camelot yesterday and found him to be a kind, humble man, which is not always the case on this board, but generally is. He goes back with FOG a few years longer than me and like most of us is disappointed in the politicians making the mess they have. But as I have said before, not all is POQ fault. Yes, I still think he is overpaid but at this point the board is not going to change that or their personal deals. Today, I am trying to add 250,000 additional shares due to the quality of the seismic logs, okay flow rates and the recent significant interest shown by Mr. Sheffield. I will continue as opportunity presents itself to add to my position. POODS
Sneakysnake,
I believe Sheffield is more important than anything else we know and is the reason I raised my position to 10 million shares. I sent an email to anne, poq etal requesting showing my recent 10 million shares, but there was not response (of course). I am planning on adding again. I always thought I might be dead before before we know the extent of the field, but my son and and his family should benefit nicely. POODS
This is as clear a summary of our mess as I have read. Thank you and hope everyone appreciates the NET of what we have. I am even giving thought to adding to my position, but have not yet as the selling may still have a ways to go and POQ who has a better sense of the situation, should provide his thoughts as to the relative amount of remaining possible selling. POODS
So true. the only one FOG has provided the deal of a lifetime is POQ. A lot of what has happened is out of his hands. That said, what has hurt is his not taking seriously my suggestion many years ago to raise money when we could in the $0.20-25 range and had less dilution than we did. He has never acknowledged that oversight and said to the board you should reduce the amount of options I receive. The reason the board never did is a guess on my part, he never shared my thought with the board. POODS