Member Info for Poods

Naminanu,

Quite humorous comment regarding POQ. He is comfortably between a rock and a hard place thanks to the moratorium and subsequent events. That fact plus the seller's liquidation has created "fodder" for a lively chat room. I do not know if one can put a limit order in down at 12-13p in anticipation of a big print taking out the seller, but think it worth pursuing.

All-

The growing level of angst on this board is not a surprise, but a reminder of political turmoil, reflecting the positions of respective parties. We are hopefully months away from the proverbial "bit hitting the ground" and some resolution of Beetaloo's geological mystery. Meanwhile, our sellers continues to dribble out what the market will absorb. If the oft-mentioned reverse split had been completed long ago, the remaining shares, probably less than $10 million, could have traded in one or several block(s). But NO, directors and management said NOT with never a logical explanation of their position; rather, choosing to continue issuing themselves ad nauseum, more options at our expense.

bigones,

Always wondered if your handle speaks to your feet!

As to POQ, he probably is number 2 from the bottom of people who can affect oil and gas prices. Number 1 is myself, as it is fruitless to think anything but the market sets prices. OPEC is one of those periodic anomalies, similar to intermittent wars, but a free market sets the true price.

Schlemiel-

Thankfully POQ seems to have hit his quiet button. To a large extent, yes it is boring, but the past volatility traders like is gone and with it the disappointing quick slides of the past. There has been and obviously still is a seller there, but it is slowly being acquired. I finally thought about the reasons the RS was not pursued even if we had funding and that is, by drawing this seller liquidation out, the annual "fill our bucket" option exercise somehow happens at very attractive prices! It is sickening, but is what it is. Also, while the RS should have resulted in all the seller shares having been traded, the net effect most likely is the share price, adjusted for any RS, would probably be near the current price. So, bottom line is options galore for management, shareholder boredom and the answer to the boredom is the turning of the drill bit on our next well. At that point if history repeats itself, both rumor and fact will dictate the SP. Yes, more patience while POQ twiddles his well-paid thumbs.

WW-

Nice reply and not surprising that someone like Victor and / or the Houston folks might like those shares. If they instead are offered in a secondary, depending on price, I would consider expanding my position. Thanks

WW

I assume the evaluation you reference will allow SP to clear some debt? In that case, do you know whether there is a debtor(s) who wants the FOG shares or they will be liquidated, providing more supply, as we head into the drilling season. In any event getting this SP matter behind us is helpful. Thanks

All-

Have you noticed the nice steady trading in FOG the last several months? In my opinion the steadiness and increased volume levels are a reflection of at least 2 items. First, day by day the marketplace is increasingly anticipating the day the "drill bit" hits the dirt. Secondly, the POQ has for whatever reason decided to "be quiet" until there really is something worth or required to be announced. The result of these factors has produced some of the best trading in FOG shares in my 9 years since becoming a shareholder. We should all appreciate the facts speak for themselves, and do not require flying around at shareholder expense to say what an appropriate press release can say equally well. Missed my chance to add on the dip. Best to all who have paid to ride this adventure out.

Wetwater-

Charming note; thanks. I have simply been discussing something I did not realize is rarely ever a topic in the penny stock arena of which I am a novice (obviously).

jhealy-

Your response would indicate you do not understand the subject at hand, but that is your choice. Tell POQ to inform shareholders whether we qualify or not for a reverse split based on FOG financials and not his opinion whether it is good or not. If he would answer that simple question, I would be happy to educate those who do not understand the benefits OVER TIME.

philmickelson-

Experience is a teacher and perhaps you do not understand that says nothing about being "right" 100%, as you imply. One should improve from experience, which I will stack up against anyone on this board. Some of the recent comments lead me to believe, perhaps POQ is one of our secret chatters, which is fine, if that be the case.

This exercise in futility will die a nature death of sorts if and when the drill bit starts up for FOG. My only regret is that I must assume the vast majority of this board only buys penny stocks or have chosen silence in this continued one side discussion. As a result I cannot say "a lesson learned" in your case, but has always been as it should be an option. Perhaps I am not a good teacher, which also is fine, as I have done my best. I also appreciate most of you are loyal to POQ which I respect. In the end, I have expressed my view and some of you have understood but most do not care; also fine. Hang in there

newtofo_

Sorry to say you must not have my extensive experience in investments. If FOG had done what I have asked POQ to do for years, we would have eliminated years of needless discussion. The fault lies with FOG not answering the question whether the company indeed "was / is" in the position to request the RS. 50 years experience tells me all shareholders would have benefitted and the board would not have received quite so many cheap options. If the answer is we never were in the position to effect a RS, why then should management be rewarded for not strengthening the balance sheet when there was a chance several years ago. From here, shareholders are all in the same boat, while the option holders can twiddle their thumbs and continue voting themselves more options, as few shareholders have voted against this.

Oilcountry-

You are absolutely correct in the long term all this chat will mean little and am a shareholder for 9 years to prove it. However, I have served as a director and took that responsibility seriously and do not feel our board has been forthcoming to the people they are employed by, i.e. you, me and other shareholders. If the overhang had been dealt with years ago, if we had the funding, this endless discussion about how seemingly undervalued the shares are might be quite different. Since I cannot say unequivocally this is the case because management will not answer relevant questions and unlike the SEC, which I better understand, the Canadian regulators are not so easy for me to understand / get a straight answer from. Perhaps, it is my own fault for not asking the question in the right context.

Oilcountry99-

I have followed your comments over the years and find you to be one of our most knowledgeable chatroom commentators. I want to respond to your comment regarding 60M shares, which is really not much $$ in the scheme of things for a normally priced security. Depending on the day, to trade this entire block if the seller would agree, would be quite easy if FOG traded at say $10 per share. At this level, if the currently excluded buyers would be free to trade FOG, and this overhanging seller could be cleared out in a matter of minutes. As to whether we could actually have had a RS (reverse split), has been skirted around ad nauseum. Honestly if those of you interested in such, realized the number of hours I have invested in this subject with ZERO help with FOG, you would wonder why I have not been committed to the "nuthouse"!

Part of the problem is the body of regulations controlling this subject as I understand it takes an attorney to answer the question. I thought I had such a person lined up, but it did not turn out. So, if anyone can answer this question, I think everyone of us would know whether what I have tried to pursue for several years to benefit ALL our shareholders is possible. The question is simple: "Does FOG have the required capital to apply for a reverse split". Again, I truly believe POQ knows FOG does not qualify and instead of stating that is in fact true, he falls back on saying it is not worth the trouble. The reality is based on my 50 years as an investor, is if we had been able to invest part of POQ's traveling expenses into this RS, we most probably would be trading closer to whatever value you (Oilcountry) believe is more representative of what is known. The reason is simply stated, is simple: if you increase the number of potential investors many times over, $15 million of FOG would be a drop in bucket and not the heavy weight we are experiencing. Thanks for your good inputs.

schlemiel,

As I have stated, POQ can issue a release and the shares may lift so the traders can sell, but the shares always settle back down because there news is not meaningful in most cases to far. Starting in June - July, if we spud the well, given the geological date presented so far, one has to be encouraged drilling results might hit something; whether it is productive or not will be the question. Typically, the shares should move and yes the traders will be selling. It is a patience game, which is why it is called investing. If you are trading, your mindset is short term. You must decide whether you are investor or trader. Remember, as has been mentioned "patience is its own virtue".

newtofo etal-

That will be quiet period for sure, so POQ can decide whether to improve his golf game, either in Australia or Ireland. He must really be busy now though, as 3 times over the last several months, he has refused to communicate with me. Wonder what he is afraid or simply is covered up helping Anne with the books?

WW.

Suspect you are correct, but the number of shares sold made me suspicious there was more to it than traders. As far as my POQ feeling the urge to comment, I say again, I understand why he feels he has to. But, the stock makes him look foolish and frankly feel sorry he feels compelled to stick his neck out. For awhile I thought he might have learned a lesson, but apparently not. Spud date should be a meaningful event in more ways than one. Hang in there.

All_

P.S. I forgot to ask as the selling has picked up again, whether anyone is aware, whether the Bruner "injunction", if there was one, was overturned and the seller is continues?

newtofo / ALL

Share price got close to my 10-12 target and has since headed up for awhile. This reaction is certainly not an unexpected one to the comment POQ issued re the drilling contract, and if I were him, probably would have done the same. That said, gaining a drilling commitment is not something larger companies generally consider newsworthy. But in our case, some feel "any good news can help". If you are a trader, then you may have had a decent trade. However, as mentioned here several times, the stock will not have the ability to sustain itself until the proverbial drilling bit is placed in ground for Origin / Falcon. I know many of you like to see and hear POQ because it makes you feel better until the stock disappoints again. Do not know if the price back down to my target; frankly if it did given the current state of affairs with drilling not too far away, it would be both disappointing and surprising. So, the waiting period is about 5 more months, the shares will dittle around and try some of your patience hormones but, as a friend has commented in the past, "just take another walk in the park to pass some time". Good luck to all.

Longwait-

Stock got to 13.25 so as I say "close but no cigar". But, I am a long term investor and not a trader like most on this board. So, with the same 2 million shares I have had for SO LONG, a relief is nice to see, but until that "bit" hits the dirt and metaphorically "starts to speak", investors are still waiting while our trading friends are doing whatever moves them. Good luck to us all. Poods

There really is nothing to promote until we get some input from Origin. POG cannot make up stuff, but yes he can talk of what has been published by Origin. He has done that for years and stock has gone up and down, but net nothing for about 9 years. He is best sitting on his hands or playing golf until he has something to talk about, good or bad. At that point the share will reflect what investors feel the information provided translates into, as trading finally starts based on more extensive results. I feel like there are few investors in this judging by the comments. But, those who are investors and not traders, barring something out of the blue that stops putting the proverbial bit in the ground, 2019 should give us real news to evaluate, again good or bad. Patience.