Member Info for tnbird

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Long......unfortunately you are probably correct. :-(

805slo.....100% agree. Been in this bird for 17 years. Time to move on but would like to make a bit of a return...even if well below what the dream was based on the stories over the years. Time to stop the roller coaster ride. Sale it to Sheffield and his team and move on. He and his team know the geology and the likely long-term success. The consolidation will lead to more long-term sitting on our hands waiting for revenue and price/value growth that will be necessary for a decent future return. Sell it to Sheffield and his connections now for $600,000,000.00US and let his team change the name and take it to the US. Yes, that may be high given the current times, but it will get us a decent return for most but below the $1.00 per share....but, we will be out. We can always buy some of the new name entity and travel with the future revenue path if we so desire........that said, come on POQ and the board......give some long-term holders a present return......not two to five more years. Some of us are getting old......... ;-)

POQ. Just sell it. Sell it for $0.50 per share US. The long term holders will maybe break even. If not…….again, tell the shareholders what the plan is. Be a real man and tell us the plan. I at one time held respect for you especially when compared to some Bruner moves but now this looks like personal salary and options protection. If not for Bruner’s Hungary fiasco we might be sitting strong. Anyway…. A lot of us have been around well beyond your tenure. Tell us the PLAN. What are you doing now and what are the steps about to be taken intended to achieve. Are we now moving to the production plan or still prove and monetize. I ran my numbers which I’m confident many others have done. If we go the 250:1 route Falcon will need to trade at or sell at $275.00 per share to get the / my hopeful return we/I have been praying for. Yesterday I had a friend that I sold this to years ago (they pursued multiple shares and left two years ago) they still follow but that person contacted me yesterday and laughed and stated “Man….Im glad I dumped because penny stocks rarely succeed reverse splits. True or not it certainly if eye opening and frightening because us long termer have no clear picture of where we are headed and quite honestly POQ…..that’s solely on you. Tell us the intent and the plan…..MAN UP.

I used to believe in POQ; that he held shareholders interest as important. As time has evolved and matters having occurred that should have raised the stock price one has to wonder/question what is going on behind the scenes? Are the steps taken of late really just a means for POQ to secure his over-the-top salary for as long as possible for the minimal daily work functions he endures. If at all daily?? I suppose we all would hold that desire of a good salary with little functions in place as important for our families, retaining our salary, but way too much time has passed for shareholders and the story always continues to change. Yes, some uncontrollable events have occurred but we're well beyond those days now. POQ....tell us what the plan truly is and stick to it and provide a reasonable estimate on when these planned actions are expected to become reality....Yes.....no one can be certain of a timeline, but a leader can provide a clear and accurate plan for accomplishing an outcome....The plans and stories to date continue to lack consistency. POQ....tell us the plan please?? PLEASE.....As you stated in the last Q&A.....Falcon needs to be marketed, the story told in the US. Are you doing that? Give us shareholders a vision of what steps you are taking to match your words!!! I've been in Falcon since 2007 and have told many friends and family members about this "GREAT" investment opportunity. Most who were in are now out...and they smile often and ask .....How's Falcon doing? I have to say it's a little embarrassing to answer. In closing, I'm in until the end...win or lose....but, POQ....tell us the plan and details to accomplish that plan. Yes, the market restricts some things from the public but a plan for now and the future can be shared as long as it doesn't cross trade restriction and legal lines. Give us the plan!! We deserve it and you need to meet that purpose to somewhat legitimize your pay for the sake of us shareholders.

Empire Energy signs 10-year binding Gas Sales Agreement with the Northern Territory Government

What. 🤣🤣. Not sure what u heard. Another year and a half maybe. I admit I use to see POQ positively but increasingly I now believe it’s about his excessive for the level of responsibility salary. Sad indeed

4,854,853 Shares traded so far this morning in the US, all downhill. Fascinating Indeed. To Newto's addage.....we can always buy lower.

S9. Thanks for the additional insight into things to come

Note:

Beetaloo geology as targeted and discovered along with present known information across the organic horizon(s) for estimated and recoverable Gas in Place dictates variations in per acre value. However, the industry tends to adjust that value at the front of an estimated per acre valuation recognizing that each acre in real time will not deliver equal organic returns. So, each component (see below) can vary up and down. We should assume the posted numbers by Falcon per acre (2015 Component Estimates) are driven by ** US and international industry comparisons and stand to be valid estimates per acre for that time (Various Years pre-2015) as market values defined them. It should also be noted that current per acre values will vary based on “present” time gas market demand and current market values. So, current per acre market value for Falcon’s net acreage may in fact be higher now given the demand, need and current value at the well head driven by local and regional market demands when compared to these 9 year old components for gas acreage value. The plan was to Monetise in 2017 or 18 “based on success” per the 2015 company presentation. We now know the plan is to progress into pilot production i.e. Production From Horizontals to enhance value then monetise. HMMM!! Will it now be more valuable per acre?? Fair Question. Keep in mind that all of the basis for valuation at “Appraisal” comparison entities were each still in need of infrastructure. Perhaps not at the level of likely NT infrastructure demands but the common theme is they were not producing and had to pipe, road, permit and sale, as well!!

**$4,009 / acre1 (Appraisal)

• Statoil / Chesapeake Energy (US) Nov ‘08

• KKR / Hilcorp Resources (US)Jun ’10

• Hess / Consol (US) Oct ’11

• Aurora Oil & Gas / Eureka (AUS) Aug 12

Falcon Estimated 2015 Acreage Valuation Component by progress:

Undeveloped $844 / acre:

$844 X 1,040,000 Net Acres Falcon = $877,760,000.00 US

$877,760,000.00 / 1,044,347,425 Falcon Common Shares Issued = $0.84 US Per Share

Appraisal $4,009 / acre:

$4009.00 X 1,040,000 Net Acres Falcon = $4,169,360,000.00 US

$4,169,360,000.00 / 1,044,347,425 Falcon Common Shares Issued = $4.00 US Per Share

Production $18,489 / acre:

$18,489.00 X 1,040,000 Net Acres Falcon = $1,922,856,000.00 US

$1,922,856,000.00 / 1,044,347,425 Falcon Common Shares Issued = $18.42 US Per Share

Something to think about. Good Luck to us long time birds. I think the future is bright for us all!!

So, in reality we are potentially looking at a much larger base value well beyond $900 Mil US??

Is Falcon's share 22.5% of roughly 4 million acres?? Or a net of just over 1 million acres. If one looks at the slide it shows our net acreage at 1.4 million acres with 30% status. We're now at 22.5% so our net acreage is roughly 1.04 Million Acres. So, would the calculation be based on net value per acre?? Just wanting to clarify.........

https://falconoilandgas.com/download/final-fog-presentation-november-2022/?wpdmdl=3080&refresh=637e36b618ba91669215926

sorry if the link doesn't work :-)

Well Stated FrackMe

Some Recent Wyoming Info:

https://cowboystatedaily.com/2022/08/08/billion-barrel-oil-reserve-discovery-confirmed-in-central-wyoming/

@ITGuy
Thanks for the post "Any development decision at the Beetaloo site would still have to fit within Origin’s ambition for climate neutrality by mid-century, chief executive Frank Calabria emphasised." From many perspectives this statement is scary and fairly telling.......if the context is what it appears to be.............WOW.......I guess we go for Carbon Capture safety and keep the Greenies happy........UGGGG

@Newto.........the issue is time and cash burn. It really is that simple. It appears from the MD&A that the presented language clearly differs from what POQ recently implied/stated. Again....the issue is time. They're clearly stating that funds are only good for about another year. Aug 2022 to July 23. So, one must assume when looking at the financials that it fiscally appears that Origin's side of the cost is likely going to need some support from somewhere.....perhaps part of Falcon's $17.4 mil money for phase 3 work. Hmmm.....Origin knows the potential outcome........maybe the slow drag of production has a self serving purpose........something to ponder.

Up Front let me say I am a 110% a believer in this investment. That said, and pointing to some historical concerns posted here related to future of monetary demands, I highly recommend, if you have not, go to page 21 of the MD&A. Here is some concerning language from the MD&A, keep in mind the dates and window for Phase 3 actions:
1. As at 30 June 2022 the Group had cash and cash equivalents of $17.4 million which is sufficient to cover ongoing operating costs for the next 12 months from the date of this document. (Aug 22 to July 23) DATE OF THIS DOCUMENT
2. Some change in language....A bit of a heads up here: As at 30 June 2022 the Group had cash and cash equivalents of $17.4 million which is sufficient to cover ongoing operating costs for the next 12 months from the date of this document.
3. A bit of a confidence question...it seems: The Directors and Management are confident that the further funding required beyond the twelve months can be raised through either an equity raise or debt funding. (DILLUTION??) As at the date of this document, funding requirements beyond twelve months and beyond Stage 3 have not been determined, no such further funding has been raised and there can be no certainty that sufficient funds can be raised if required. Whilst this represents an uncertainty, given the timeframe to raise these funds and the Group's history of achieving this, this is not considered a material uncertainty. Management note if sufficient funding was not raised during that period beyond 12 months and commitments under future exploration phases not met, then this could impact the Group's future participation in the underlying assets and, it may be unable to realise its assets and discharge its liabilities in the normal course of business. The interim financial statements for the three and six months ended 30 June 2022 and 2021 do not include adjustments that would result if the Group was unable to continue as a going concern. Having given due consideration to the cash requirements of the Group, the Board has a reasonable expectation that the Group will have adequate resources to continue in operational existence for a period of at least twelve months from the date of this MD&A . For this reason, the Board continues to adopt the going concern basis in preparing its consolidated financial statements which assumes the Group will be able to meet its liabilities as they fall due for the foreseeable future.

This does seem to reflect some uncertainty. Let's hope that the balance of 2022 and into August of 2023 creates a firm base for being able to either sale of have the space to acquire some new funding. It looks a bit uncomfortable at the moment....even to the management. That said, the resources appear to be in the ground let's hope and pray that extended time does not become our enemy. Come on Origin......get the ball rolling!!

Sorry ...Left off one other step.....on the website under Investor Center click the "view other documents" tab then click the Management Information Circular tab.........Conference Call details are located on page 8

If you wish to confirm this information go to the Falcon Website and look under Investor Center....Reports and Filings......2022 Management Information Circular