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Either way that could be 500 million dollars in the ground with no further investments and that could be next week hence my constant comments about a serious multi bagger from this level if we have over 100 million barrels of oil which no complications of getting it out....we will soon see....the biggest drill of the year on AIM!
Selling in the ground reduces the need to spend further to get the oil out, fund required infrastructure etc.
Why just 4.80 per barrel in the ground if 25 dollar difference in BOO?
North Slope Alaska Nanushuk Winx-1 location surrounded by 26 out of 26 oil discoveries
https://www.screencast.com/t/C9TbGRaeFud
An adjacent field was sold for $3.10 per barrel of oil in the ground when oil was at $40 per barrel. It’s now approx $65 per barrel so logic would make any field sold worth at least $4.80 a barrel in the ground. Multiply our potential find by that amount.
There are many successful drills in the area and all of them are confirmations of the whole area. 100% strike rates throughout. Winx will be another step in the right direction for the super basin. This is important for the larger picture where the super majors are taking control. We just have to do our bit and all the data will fall in place. All we can do is pray Mother Nature is on our side and everything so far suggests it is. Have to be in it to win it.
try another one Mr/Mrs law of averages
Of course with 26 from 26 you would think on the law of averages there is a shitter due any minute.
Let's hope it is not ours.
On positive wire logging results with initial results due anytime and full results Friday. This has done 2 x 100% days recently and the mcap is still tiny for what could be over 100 million barrels of oil. Even at just a few pounds profit per barrel is this is a serious multi bag from this level......take your positions and remember 26 oil fields around us have commercial oil and we will be next.....
It could be anytime..here or Oz...7am or intraday.... way to dangerous to be out for even a minute.
Rns says approximately 10 days, so I’m thinking Thursday for news.
Spike. That was my point to my original post - as to why not for the OP to link 88e SP to WINX. I get the point :)
what we know so far We have Encountered HC Initial Data is similar to a nearby Well discovery 26 out 26 Wells drilled with 3D encountered Oil and made a discovery The Company is encouraged with initial results Wire-logs results expected by 16/03
Fat jock, it’s because 88e is less risk due to their FO and other assets and plays Yes you won’t get the huge gain, but you also won’t get the huge fall if winx isn’t a success. Hence the bad news RNS we fell over from 4p to 1.4p, whereas 88e fell from 1.2 to 0.75. It’s simply individuals appetite for risk On good news both 88e and RMP will significantly re rate, and you could argue 88e with a good FO deal could actually be the better one on a risk reward basis I’m in both (highly risky) on banking on good news GL
Spike - TD hit 3rd. WL started on the 6th. 10 days to complete means they would finish on the 15th but I agree no RNS till Monday but what I would keep in mind they started on the 6th and we are passing crucial stages, indicating everything is going well.
I've always presumed that wireline logging and casing are entirely seperate. I think they did the wireline over the weekend and have been analysing the results whilst casing until the 10 days are up. As others have said. If tlits a bad result they should inform the market immediately, and inform the market they've stopped casing. So I think no news is great news.
Not really Spike .... If people wanted exposure to WINX leverage is far better here. Unsure why they’d be buying more 88e unless they’re buying in for exposure to their other plays.
Time to tell your mates all. Life changing gamble stacked in our favour
10 days from 6th is this Saturday, IMO it may be we don’t see RNS here until Monday Given disaster if the Friday RNS a couple of weeks ago, I would think they will wait and issue the WL Results as a whole rather than prelim update which would make sense I would like to think any bad news would have been issued by now, given WL now for 6 days today
They don't see to be having much effect on their SP...this is where the biggest jumps will be.
Fatjock I think it’s fairly likely tho don’t you think ;) winx and FO is only near term play and FO will be linked to winx
RNS states WL testing will start on the 6th March straight away. WL should of been finished on the 9th, 4days to complete as they scheduled, Rns normally takes 2-3 days to come out going off previous RNS’s. If not out today at The lasted, I believe they are casing ready to flow test.
88e have other irons in the fire, not a guarantee to be linked to WINX.
Small volume but more buys then sells always a good sign!!!
Buys coming in over at 88e this morning. Hopefully someone in the know ;)