Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Camelot1-
Appreciate you note with regards POQ. He has not spoken to me in years as well as the few board members who I have touched base with. I did try to contact Viktor thru and intermediary but to no avail. At this point Anne and POQ are content to tell you how conservative they are at ****ed money away. If I were there, my guess is the fees with me taking NOTHING would be about a third at most of what we spend. However, the drill bit if successful will ignite the biggest CROW you ever heard from POQ. Obviously the seller is still there or it wouldn't be quite easy to buy shares. Finally, as to talking POQ, I am convinced he reads this board daily hoping to entrap on something so he can call his favorite attorney and have an excuse to look managerial; what a joke. POODS
bigones-
Not sure if your "handle" bigones references the Spanish word cojones or not. But if it does, think you are missing the point that if the geology proves as strong as the seismic indications, there should be a nice future for the very patient investor. Granted the word patience is testing ours big time, but think I once mentioned waiting 13 years in one case to make 100 times my money because of my belief there was an opportunity, which led to a long holding period, and did not have an uncomfortable amount invested. Yes, the expenses at FOG are a bit high for this situation, but apparently is going to continue to be golf and beer halls until the well is dry; double entendre for sure. I am close to 5 million shares and will pause for a while to see if anything gives me reason to add. POODS
Sneakysnake etal-
The seller seems to be under a perhaps self-imposed deadline which is good. The sooner those shares are sold, the sooner the price should adjust to whatever is the right level. Personally I believe it will go back to a range of 15-20p, and move up or down based on drilling results. Again, we either have inept management and / or seller. If one side or the other had called the other and say we would like to sell or buy the remaining, then the broker could determine at what price the block would trade. In all my many years I have never seen should ineptness. Pain will continue until someone at the controls uses their brain. Don't hold your breath. I will be adding again as at various times. POODS
Longknife-
You ask a fair question. I do not know if you have ever been in the drilling, if so, you would understand the value of knowing everything you can before selecting a new location to drill. You can waste a lot of money, which FOG does not have, if you drill willy nilly. Each new well provides new information. After a couple well spaced and successful wells, one can pick up the drilling pace. We are not there yet. POODS
Beetaloo:
Re FOG 2021 : You may have hit the nail on the head, as I have many times thought and on occasion stated my feeling POQ had "his ear to the ground" somehow on this chatboard. In any event, whomever made the statement is very one-sided and ignores the abundance of stupidity we are shareholders have had to suffer through. POODS
Greenlanteren64-
I do not believe you are correct for 2 reasons: first, Origin is calling the shots, not POQ ; and secondly, I think Ann is more valuable than POQ at this point; although, we could just about survive without either and contract a CPA. Then if, drilling is successful, the board could hopefully determine what's best. Origin would love to advice at that point, but would be too conflicted then, if we have drilling success.
"I am convinced at this point that this stock is guided by POQs desire to pull a paycheck for as long as humanly possible! I would love him to prove me wrong".
LONGWAIT,
The chart you reference unfortunately did look like FOG for 10 years because of circumstances similar to what we have experienced. It was a different industry and the CEO, while knowledgeable at hunting and fishing with customer, knew next to nothing about running a business. His board simply bought in on the "what if" and collected there small fees. I stood up at an annual meeting after being a shareholder for many years and said there are enough votes "in my opinion" to change things at next year's meeting. The board meeting concluded several hours later and I was asked to joint the board. The company was sold for over $billion a couple years later. FOG is only slightly different if the reserves prove out. But the management will be an issue in the interim as POQ entertains with shareholder funds, playing golf with some and entertaining others perhaps at the pub. Just my observation. POODS
Oilcountry99-
I appreciate your thoughtful comment and think it on target. I generally would not have bought something like this. However, one of the investments I made many, many years ago made me a 100 times my money and took 13 years. A lot of blood, sweat and tears went into that situation. The company was one with reasonable good technology but a leader in many ways like POQ. Probably should correct myself and say not leader, but the person in charge. In any event with that success I more or less retired and moved to the mountains with my wife who many of know recently passed away.
I have mentioned in the past my son recommended I look at FOG because he was introduced to Bruner at some point and after doing a little check felt I should look into it. Without rehashing what many are tired of hearing included POQ, let me simply say I am not stupid, but could still be wrong on this investment. That is the nature of the oil and gas business. But, I feel the resource is down there and the challenge is to get it out in commercial quantities. Hopefully, now 10 plus years into this and running out of years, I can see this to fruition, but if not my son will see what comes of this adventure. Yes, I have patience; still believe it a virtue and thank you again for the nice comment. Hang in there. POODS
plumber67-
POQ and the board probably have at least one thing to agree with me on; don't overspend one's own money. There is different between your wife kicking you in the seat and "just noisy know nothing shareholders chatting of management excesses". To the board, company / shareholders' funds are up for grabs! POODS
plumber67
More sellers than buyers….no institutional interest mainly due to very small size but also management issue. Still I am nearly at 4 million shares for reasons mentioned all along the decline. Has to be the winner for many as the "sickest story". You could not write the script for this horror show. Patience is a virtue……..might have to think about that when I die. Thanks POQ
WELL SAID.
ONE OF THE WORST CASES OF SHAREHOLDER ABUSE IN MY 50 YEAR CAREER, AS A RESULT OF SOME BAD LUCK AND LOTS OF INCOMPETENCE BY MAINLY THE BOARD, THEY SEEM NOT TO KNOW WHAT TO DO. THANKFULLY ORIGIN DOES AND WE SIMPLY HAVE TO WAIT. SAD BUT TRUE. IN ANY EVENT I AVE BOUGHT ANOTHER 300,000 SHARES OVER THE LAST FEW DAYS, SIMPLY BECAUSE THE GEOLOGY SEEMS DECENT, WHILE AGAIN THE MANAGEMENT STINKS. POODS
POODS
tnbird-
Your manipulation comment is 100% incorrect from where I sit. The fact is there has been a large seller and there are no institutional primarily because of the illiquidity they require. Once the seller(s) are done, trading should be noticeable different, particularly with any good news. This is 50 years of experience on Wall Street's opinion. POODS
Fair questions and will tell you simply CPA firm deal on with this issue by having different people do their separate responsibilities in a professional manner to avoid any conflicts. I have served on an audit committee and am comfortable with my position. POODS