REMINDER: Our user survey closes on Friday, please submit your responses here.
Come on leadership of this play....time to provide detail on what the plan is for 2021 regarding proving up this play. Not a complicated obligation......you either have details (not generalities) in place for moving forward or you don't. As owners of this play we have a right to know the plan and you have an obligation to let us know. Oh...just take a look at Empire and Santos if you need some guidance on what to say and information to provide...........just saying!! Tell us directly what you plan to do on 117 or the flank. Tell us if your doing the two laterals........tell us if your intentionally standing by.......just tell us
https://empireenergygroup.net/wp-content/uploads/210222-EEG-Update-Final.pdf
Sure would be nice to have some folks boasting about our resources......Yes, we have the dough to drill and no marketing needed for that but we certainly have a lot more to sale contingent or otherwise than what is known within Empire.....yes...to be fair I do have some empire on the board.......all be it a small marker compared to FOG...FOLGF.....but Empire is being recognized and we are not.........
Bottom Line and would be quite simple and revealing......Why doesn't Origin and/or Falcon just let us and the general public know what the plan is for the next few months?? They have permits, they appear to have the indigenous population informed and so on.....and the Aussie gov is going to throw in some money.... I guess that is too complicated for some silly reason........hmmmm!
Stebol......My guess..... if it is not Origin likely will be INPEX.......I'm hopeful if we get good numbers on the two new horizontals just approved and they improve the recent shows on liquids we will get some folks knocking on the door.....if Origin and FOG don't already have a back of the napkin deal on the table a bidding war could evolve and INPEX obviously has the dough to fight for more space in the BEETALOO
https://empireenergygroup.net/wp-content/uploads/beetaloo-strategic-basin-plan.pdf
Haven't completed reading this but paints a good picture so far
Yes DP.....good find. Thanks for the post.......hopefully with the government funding drilling....if applicable to these new horizontals..... perhaps Origin will get this done and the flow completed on our most recent liquids show.......let us hope they get both matters managed in the dry season......oh, its pretty dry there now...... : -)
Merve....point well made....but to newbies they may not know the history.......and it is amusing as you state and points to how far behind we are.....just thought it to be historically informative and points to the wait that continues........leading to a WHY??
https://www.irishtimes.com/business/energy-and-resources/fracker-falcon-oil-gas-hunts-a-major-payday-for-investors-1.2279377
Ya we've had the moratorium and covid but we are woefully way behind........given POQ's own words ...enjoy
Some Market Info via empire.....open about the risks but leaning upside.....
https://empireenergygroup.net/wp-content/uploads/AUS_EEG_210223_Plenty_2C_and_do_at_Carpentaria_1.pdf
Ultimately......what is in the ground will pay us.......and, in my opinion that will be anywhere from $1 to $8 US/Share depending on who makes the purchase based on timing. The longer we are forced to wait the more that will be known/proven vs contingent etc. Simple math easily points to a range of possibilities given the massive acreage and what is being revealed by others (Santos/Empire/Etc) in the play not to mention the governments commitment to help get the resources to the surface. That in itself is telling. Yes, I would take $0.50/share US today but that is driven by current life matters. But, I think if we wait that is likely going to be much much higher. Even a future $1.00/US/Share is worth a long-term future smile. I think and hope....likely much higher. Bottom line....as I think Dprussky voiced....I think a deal with Origin is already on the back of the napkin and will be the lowest payer to Falcon....it just makes the most sense. A deal that could be sooner rather than through a long-term wait.
Folks...let's all calm down. Name calling and bashing another's opinion on moves and /or buy/sell moves isn't doing us or this stock any justice. We are all frustrated with where we sit at this juncture....especially us long-term holders. I too am frustrated and hold huge questions regarding the current leadership as well as Origin's commitment to making good and timely decisions. I do honestly believe their is a hidden agenda or we would be in a better place given what is known and what is likely to be....time will tell. As I previously posted....I've never held as many question marks toward this stock as I do now, but I need to stay.....and, with that, I do believe we will be rewarded well in the end. Painful as the wait has been and may continue for a year or so. BC.....Reddit is not just a short sale players platform and r/pennystock has a huge amount of international followers as well as other boards on Reddit......no need to beat on Newto for his view......he actually has a decent idea if we could get international interest playing in on FOG through and on the many Reddit boards. Fine if you want to call me an idiot too....big smile is all that will get from me. All that said......bashing each other will not change where we are.
Let's all sit back and ponder for a moment. As Newto stated we know with decent flow rates on a limited frac distance along with some challenges that we have 22.5% of 6.6 TCF contingent on our side with the Amungee discovery alone on just one horizon or 1.49 TCF assignable to Falcon. We know that Empire and Santos are progressing with good numbers identifying likely commercial rates/zones. We have recent news on the Kyalla with questionable promise (more info to come....hopefully). Few if any of the organic horizons of the Beetaloo will be conventional oil and gas recoveries, but we do know the powers that be believe there may be as much as 546 TCF +/- in play across the NT. Using Origins conservative model of 16% recoverable that may offer us (Origin/Falcon) to be in play for nearly 88 TCF (nice chunk). So...with a conservative model if proved to commercial levels (the unknown) Falcon should be sitting on, @22.5% business interest, just under 20 TCF of wet and dry gas. We now have the Aussie govt showing it's hand with their commitment to invest in bringing these resources to the surface. We have to ask the question....would the govt risk tax payer money if they...the govt....didn't believe in the Beetaloo??....ya, ya it’s government but they will have to answer if their input of tax dollars fail. So why is the market ignoring this......?? Who knows….is it manipulated….who really knows?? I’ve been here for just over 12 years and have stayed with the roller coaster ride….I believe this has nothing but a win attached to it…..my question is this given what appears to be growing lack of market confidence after all the knowns……Does this board believe we still have a bright future?? I do and I foolishly have a lot riding on this play. Thoughts would be most appreciated. I know many have been on board longer than 12 years. I believe in this play but have to admit my tenure is starting to fill with more doubt than I’ve considered in the past.
tsoprano1.........you make a good point Why did the big guys not pick up the bankruptcy court shares?......well, they might be restricted from doing so since Bruner was in that play and him....Bruner being connected with Falcon through 2011....
https://www.sec.gov/Archives/edgar/data/1298824/000119312506216742/dex992.htm
A great idea Newto......
Looking at Reddit and Robinhood it appears that only stocks listed on the Robinhood app are allowed for trading. I have no idea if FOG is there but we could perhaps research the process and promote to get that done. But, that does not prohibit sharing of information on Reddit and the various posting sites.....r/pennystock or others etc as listed on Reddit. This could benefit us retailers to get active in that space.
@Longwait
'So, for us longs, we have heard all the promises, potentials, failures and excuses before. It is a manipulated stock by some very big players.'
Are the two sentences above two quite separate points, or are you saying that the company's prospects have been exaggerated in order to cause disillusionment and consequent low share price?
I believe Guernica is presenting two separate views but connected...He is referencing the various excuses and tales and limited vague information that have been spouted historically and currently (with intent) while also offering the view that the deep pocket players and some potential MMs (perhaps in collusion) have intentionally manipulated the stock to hold it low so retail holders will walk so they (the big holders and players) can grab more on the cheap .....he's saying they know the value as it really should be but play it to accomplish a self serving end.....that being.....get it cheap a little at a time prior to the big day.......to that and if with intent....and reasonable to consider......a low FOG stock price would inherently benefit a buyer of FOG if the purchase is a stock and/or stock cash deal.