Member Info for UncleBuk

Looks like the Sheffield deal wasn't enough to establish a bottom! $.14 cad today

That being said you would think Origin would full tilt into their drilling program, but they are not, so what is happening, like everyone else I'm baffled.

The 10 million dollars that FOG raised from Sheffield combined with the portion Origin would put in (34.4 million) should see us through at least the next two wells, considering we haven't exhausted our original agreement with Origin!

So if I read this right, the offering is $.04 lower than the last closing price on Friday. Interesting that their offering is 15% lower than the last closing stock price and Sheffield paid a 10% premium for FOG stock. Hopefully this is a good sign!

I see some of us in the perennial cheering section are starting to get fed up with these endless delays and the lack of information put forth. This Beetaloo slam dunk is starting to wobble a little bit with the fellowship.

The lack of guidance for this year is truly shocking, leaving everyone in the dark is very disappointing. We are now years out from the lift of the moratorium and the stock continues to drop, very sad!

I agree it doesn't accurately represent the timeline even the past 4 years, let alone further back. One can only hope there is some type of an announcement soon regarding work scope this year.

Origin has had literally years to prepare for drilling with a supportive government, and have dragged their feet. Maybe this change in government will get them moving, fear is a good motivator!

LK, by all accounts thats about it in 6 years!

Just read the last press release for the scope answer, and the word endless agrees with you on the second comment.

Govt backs ‘critically important’ Beetaloo
The Territory Labor Government says Beetaloo will go ahead despite resistance from The Greens.

There are many options for the new government which dont include the greens, 5 seats still not decided also.

I would imagine that coal will be the big loser, they have already stated they are in favor of fracking and supporting the NTs recommendations for natural gas exploration.

Fantastic, all us believers can pile on to these cheap prices. Chance of a lifetime, come on POQ!

I am assuming that we haven't secured a drilling rig for this year as I would imagine they would be obligated to report this to shareholders, does anyone know more on this?

Camelot, we are almost half way through the year, once again with no guidance on timelines or even if they plan on drilling this year. And yes the goal posts move all the time, it seems like very time they say we are fully funded for the drilling program, surprise, another dilution. The frustration is building here with some of the long time posters, lets hope POQ has some news on drilling SOON!

Keeping with their theme they will probably announce some change to something!

It looks like concern is growing with the changing direction and lack of firm timelines, hopefully these to wells get completed this year as their credibility is waning!

Why are some posters so angry when someone points out that the goal posts move quite frequently. The latest press release is different from the one in January, with no mention of a buyout but mentioning a pilot plant next year, if this is their new path it is quite the departure from what we were led to believe in January. That all said I'm hoping for a cracker jack year!

Vroom Vroom!!!!