Member Info for Poods

While you have every right to make childish comments, there are a minority on this board who convey helpful information. Such is available for the taking or not , just as what are the "noise" comments of some. Since it has been conveyed to me by several persons POQ in fact does read this board, he can no longer tell me or you he has never looked at this board. More importantly, my comfort in Falcon lies with the seismic we have been presented and that Viktor has and is putting his money where his mouth is.

Unfortunately, despite my reaching out, Viktor and his lieutenants have not contacted me. Since either POQ has told them not to contact me or they simply do not know of my efforts, the fact remains the geology appears promising. The risk is we run out of cash and our negotiating position disappears. There is nothing in my opinion to push Viktor and his group to push things along. They can wait for us to run out of cash and decide in bankruptcy whether to bid aggressively enough to win the 100% Beetaloo and forget the rest which is a "maybe" at best. The money they have invested plus a winning bid might be an credible investment, while our investment becomes worthless. Make sure you can afford to lose it ALL is the only advice I can provide beyond what apparently is not attractive to most, i.e. the famous RS.

Frankly at this point, such a move is probably moot, as circumstances and an expensive management style, leaves us with limited options. Hope this is not the outcome, but have lived long enough not to be surprised by such things.

All-

Had not read the forum for several days, but took the time to read all this morning. Some of you will appreciate my comment that all of the sudden a smile came to my face. Thought about an old Latin phrase "ad nauseum" and was reminded of an old quote from Oscar WiIde "We are all in the gutter, but some of us are looking at the stars." Good luck; we are going to need it.

Great summary. Thank you

The board is serving its purpose. There are those with informed input based on fact and others based on emotion and / or inexperience. By now, it is clear where each side stands on this issue, but many do not appreciate my suggestion might actually do more than the incessant complaining we hear about the declining share price. Again, it will be necessary to effect a reverse split, if an underwriting is in our future.

My suggestion is to agree on someone who is going to the meeting and is comfortable speaking in public. If necessary, simply read a prepared a statement stating something in effect: investor meetings are unnecessary, social events that cost precious money. A better use of funds is the relatively small expense of the reverse split, which will allow more investors the opportunity to buy into a great speculative play awhile at the same time possibly accommodating the forced mandatory selling. The price cannot get much worse than it is already is. Once a reverse split is effective, then would be a good time for POQ to tell the story to groups, including an analyst or two. Telling the current long term shareholders what we already know and not much more, is a total waste of time and $$. So, the several of you who know each other and are going to the meeting, agree on a straight-forward recommendation to help all shareholders BEFORE heading to a pub is the assignment! Do not waste your time asking why it has not been adequately explained. Please, if one of you with access to the info, ask what are the requirements for a reverse split application. We may have so little cash, FOG does not qualify anymore. Good luck and ask if you need something experience can help with. Finally, to the person asking about Kip's position on this matter: he is unfortunately in POQ's camp.

Not sure who BOQ is, but am guessing it to be POQ? In my younger days you could have counted on me being there. Remember, tossing out managements who fail to think of shareholders first has been one of the most satisfying things in my past, but also very stressful. Unfortunately, 2,000,000 shares at current pennies per share makes such an effort, a real effort at my age and probably considered insignificant by management with these free millions of shares. Thank you

Morning all-

As on most weekday mornings, reading this board is required reading and today is no exception. There seems to be very slight appreciation Poods might have a reasonably idea. This morning the frustration in the shares being down is a bit palpable, which is certainly understandable. Yesterday, my question was if anyone actually knows the answer or where to find the answer to the amounts a balance sheet needs to have in order to request a reverse split. Since this is not a SEC matter, the answer is not at hand for me.

IF, the company's weak balance sheet does not preclude applying for the reverse split, those of you attending the annual meeting should press POQ for SUBSTANTIVE reasons for not applying NOW for the reverse split. To repeat, currently no matter what POQ says "it dies on the vine, so to speak" within 48 hours and the sellers continue after having taken advantage of the temporary rallies, due to POQ's pronouncements.

As shareholders and investors, versus the traders spoken of earlier today, we are entitled to an explanation as to why Falcon cannot escape the "penny stock world" and join the world of investable securities most investors are excluded from currently for no good or explained reason to date. Put the pressure on the board at the meeting to provide reasons why they have not taken the opportunity to elevate FOG's investment status, which could reasonably quickly remove the overhead supply of selling. Even if the drilling results are good and the shares rally, they price is still going to be pennies or a little more and the broad support we should have will not be there because your board has failed the explain why, we are nearly broke and cannot do so and they simply do not understand, if an offering is in the "wings", the shares will have to reverse split to qualify for other investors and large firms to be involved. Hiring RBC was done for a reason and the company has failed to really explain how they can hire them and expect to offer shares as a penny stock. It could possibly be done, but would be a financial joke shareholders should not be subjected to in my opinion.

Nervesofsteel,

Really appreciate your note re Karl and note those who knew will all feel the same. His personality certainly was infectious. As the reverse split which appears out of the picture now, but will be needed in the future in order to attract new buyers as well change the financial personality of FOG from a penny stock to a higher quality investment vehicle. The rules and cost of a US-based reverse split are available to me, but does anyone know the exact rules in Canada and Ireland to effect such a split. The fact may be POQ knows FOG does not qualify because of balance sheet and simply refuses to say so because it will most likely push the share price down and scare the sellers to hurry up their planned sales. So, if anyone know the company does or does not qualify for a reverse split, it would certain be critically important to know, because POQ never would discuss that point and others related to the split. That unfortunately may be the reason for his silence?

Appreciate your response and perhaps someday our paths will cross. I listed my phone number in the last week or so. Feel free to call if you like.

Fellow shareholders, back from if there such a thing "an uplifting funeral" in Utah. My son's father in law (who has been a substantial FOG shareholder since Bruner days) died too early as a result of his career as a coal miner, and is going to be watching from above. But during the drive, certainly plenty of time of reflect on the tone and substance of your pointed responses. The only point that is off the mark is my apparent superior attitude. That is the last thing my comments are meant to do, i.e. demean anyone, including POQ and the board. What my comments are meant to do is convey a simple process that would do a number of positive things for shareholders, while we await the results of the drill bit. Specifically, the solution to the price pressure as suggested is the reverse split. No need to repeat the arguments, as you either agree or not.

It is ashame the board has not opted to put the reverse split on the ballot. If it were, my comments would try to address those who are opposed, as the share price has discounted much, short of several dry holes in a row.

So, unless we shareholders are the opportunity to vote on this, there is no way around the continued selling until it is completed and / or some positive news helps absorb those shares. Good luck all that the board lets us, who should make the decision, have a debate at the voting box on this important issue.

Poods

Everyone is entitled to state their position. Hopefully, it is done in a respectful manner. POQ was always polite, but simply decided the best way to not deal with another opinion was not to respond. A fine executive is one that discusses the merits of an issue effecting all shareholders and his and the board’s personal interests to the exclusion of their shareholders, including you.

Indeed yesterday was a pleasure to speak with a knowledgeable fellow shareholder, Camelot. His depth of understanding, as well as several others on this board, is refreshing. My suggestions all along are focussed on what the company CAN do while its hands are tied by events beyond their control. Certainly controlling expenses is one. But, the point of my comments is there is something in the interim that would bring equilibrium to the share price, which currently is under pressure from FORCED sellers. Yes, the apparent dreaded reverse split should be a benefit, despite comments to the contrary. The likelihood of the shares suffering, if at all, should be short-lived as newly eligible investors have a chance to get up to speed. Simply as that...we can do something while management sits on their duffs!

Just call my cell 406 579 0081. Let me have the first 3 numbers of your phone so I will answer.

Later this morning I will figure out if Zoom conference might work. Do you know how to use video conferencing?

in Montana. not sure how to answer the contact question without the LSE world seeing it?

How is that the board continues to reward themselves, while you and my fellow shareholders continue to add to the "dying swan" a.k.a. Falcon? The moral answer is GREED and a total disregard for shareholders. They should self-impose and cancel at least the shares during period where delays occur. It is bad enough to see the cash flowing out with no announced plan by the company to address shareholder angst. Maybe POQ is beginning to wonder how his salary can continue. We only have ~$5million left after allowing for the restricted cash. The shareholder meeting is your opportunity for those of you on the other side of the pond to confront management. As an aside, thought this funny the several times it is in the company announcement " the finance TEAM!! Give me a break. Once again, a potential investor based (granted speculators now with our financial condition), are out there if the board wakes up and does the reverse split. The only reservation may be the rapid cash depletion and the authorities stating something to the effect "no the company cash is now too low to allow even speculators ....... Keep our chins up that there is a secret plan to bail us out soon.

Size of ones share position is a function of one's financial ability; whereas, ones comments should include education and a grain of humor.

Ignorance is bliss.

Camelot1-

As the responses this morning to yesterday's epistle flow in, the venom of some is disappointing. My Falcon investment was accumulated over ~10 years, as have many you. It is important to repeat, my comments are not person; rather, it is through POQ, as our (shareholder representative on the board) to address concerns of shareholders in board meetings. There was never in my years following the company been an intelligent discussion / response the suggestion of a reverse split. Rather, in POQ's case, no longer wanted to discuss, i.e. does not communicate. And the board who all follow his lead seem equally unwilling to discuss.

So, please everyone who seem to be wearing blindfolds, understand my efforts are well-grounded in many, many years of investment experience and the desire to make Falcon shares available to all interested parties. For a fraction of what POQ spends traveling the world to promote our story, we could had the reverse done, be ready to immediately file for an offering if and when the time comes and best yet-stop my emails to mostly deaf ears. Please listen to logic, do a little research or talk to other experience investors and appreciate that someone with plenty of experience, just might be correct.

Camelot, appreciate the nice words, but believe we both realize with good news and a resultant price move to perhaps as high as a dollar, still will not qualify the shares to the vast majority of at least US investors due to the fact it does not qualify for trading at established investment firms here. And if we are so fortunate to have drilling success and the need for further funding of our part, no quality investment banking firm is going to understand a penny stock and no sophisticated investor will purchase until the shares trade preferable above $10. Today's price is the result of the board wanting to not spend ANY $$ for all shareholders benefit. As free riders on options, they want all $$ for their director fees and hopeful option share success. I understand their personal positions, but have been on a public company board myself, this is absolutely a tragic abuse of their positions. If they were responsible board members, they would invest a few dollars now to both attract other interested investors and be ready for a public offering, which we surely will need. In my earlier days when, as mentioned previously, there would be a shareholder effort to either remove board members responsible for ignoring shareholder's interest or convincing them to see the light before they lose to the responsible thing to do. Hopefully, this none sense will end soon, so we can enjoy over time, enjoy the advantages of not being a penny stock. Thanks again and hopefully a few other fellow shareholders will understand and encourage the board to think about shareholder' interests.

It seems you are correctly assessing the meaning of the $15 million shift to the next stage, but must agree it makes some sense at this point. Meanwhile, Philip can get out this much-needed announcement to slow the share drift for a few days, while he takes to the links! He and his board do not realize that while the likelihood of success is probably decent the fact remains, if we have a successful well(s) and shares rise 2 - 3 fold, investors at major brokerages, who may have an interest in Falcon and could make a difference in share liquidity, are still precluded.

My initial efforts to communicate with the board have been basically fruitless, as the one member who wrote back, repeated the party line "no to a reverse split". Hard to believe the entire board is so set against the potential benefit of a reverse split. The bottom line seems to be save $$ at all costs, except for the benefits our board receives for waiting for the grass to grow, so to speak.