The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Happy,
Re FO, as this is not connected to Winx, not sure anyone other than Dave could know - It could happen any time, but if we take a realistic view and try to look through what we know --
We are told that the deadline has been extended due to demand - has anyone ever seen someone to call an odd date as a deadline? The deadline for submissions I would think must be an end of month? With a view to finalise the Farm out partner choice within say 1 month. Then probably a period to get all the paperwork agreed & signed, BIg fanfare announcement etc. This is looking in my mind that we may well know whether we have struck oil at Winx , before we finalise Farm out.
We could then find that we have other RNS deliveries regarding a lateral attempt at Icewine, Full details of what the plans and timing for Yukon are.
A lot of creaming the curve to come in a short period of time, a lot to get excited about..
I understand people are still hurting as we haven't yet delivered but then again we are a speculative oil explorer.
BB32
Will be interesting to see where AUS takes us tonight, it is quite possible that we have already started to drill, the last 2 drills we have done started early, all down to good planning and organisation.
Both drills were drilled down to approx 12,000ft within 10-12 days, if we are only going to test the Nanushuk 4 & 5 areas around 6,000ft then we could be at bottom before end of week.
Have we started? We should find out with RNS perhaps Tuesday...
Surely we should start to see some form of FOMO this week, maybe a gentle rise in SP - remember 26 out of 26 wells in the area have found oil,
Let us hope within a short period it will be 27 out of 27
Our namesake goes for her 30th consecutive win on the 16th Feb , Come on you Winx(s)
GLA
BB32
Moneyhawk,
Re your comment 10.39 "anyone wanting full buyout of Icewine will have to deal with BEX as well"
This is obviously correct, but also brings a load of other considerations into play...
We have an option to buy into the Acreage that BEX bought for 30% of the costs for what Paul believed was areas with wings 800ft deep to both the West and the East
Do we just farm out existing Accumulate Energy/BEX acreage, then use Farm out money to buy in to BEX acreage?
How will DW deal with anyone wanting BEX's acreage where we have an option?
Lots of questions that need answering, but I think we won't find out until we have carried out a lateral drill and Frac'd the Unconventional...... So many possibilities, and so much Potential for Dave to Cream the Curve.....
Any thoughts?
BB32
Well, we are left to push this up tomorrow as the Aus market is closed for Australia Day,
Farm out,
Winx,
Yukon,
and Unconventional all to play out in the fullness of time,
It is our time now, things should start to go our way soon, let's hope it is this week..
The ice road should be nearly complete, the pad nearly ready and the rig to soon mobilise....
Would be nice to see RNS confirming Farm Out shortly.
BB32
Kat70,
Just wondering where your thoughts are going with comment, couple of people were trying to add Winx into Farm out which is not the case, presume you are not thinking Yukon involved ?
I think the seismic will be being carried out by Llagniape who just got leases to the West of Yukon, we may have joined in with this with Erik for Jade and perhaps for the bit that we have just had confirmed linking Jades area.
Just conjecture, it will be good for Dave to put out a statement confirming what is happening, final results of Siesmic on Yukon due, Question to be answered , does stated amount of prospective Barrels include final area ?
If this did not include this , we could find a nice increase in possible Barrels in Yukon area.
Exciting times....
BB32
Lef,
Whilst it was a possibility that the prices certainly did go to the figs shown, I think for clarity for all newcomers, you should of course confirm that you would have had to be very lucky to time entry and exit perfectly and not only that but to have had balls of steel to place deals as you have shown.
Whilst your sentiment is correct at this moment, you certainly were not remotely suggesting that 88e would do as well as it did, you did however correctly call lots of issues..
This time around hopefully you and everyone else invested will do really well.
The pure mathematical aspect of doubling up profits in shares is a wonderful idea, but you often espoused the use of spread betting to protect cash outlay, I am aware that rules have changed with Spread betting,and this now doesn't make it as lucrative as previously, but presumably still better than risking all in buying shares?
How did you actually do with your bets on 88e?
To use Horse racing as an example - it's difficult to get 1 winner yet alone trying to get 8 and doubling up on a winner is almost a no go.. Level stake betting with a 20 bet or more pot and doubling when the pot doubles is the only way to go ..
So what you need is a betting bank of 100k (20 x £5k ) and when pot get's to 200k then have 10k bets.
Don't think that there would be many people who would have the nerve to double up and bet all each time.....
That's why many Long term holders have placed their bet and will wait for end game.... Human physcology would intervene - Did I bail too soon?Could I have made more?What if I sold and bought a different share that went down and 88e went up at a rate of knots. would produce a lot of resentment with many.....
Good luck with your investment
BB32
All the best to one and all, time to reflect and to look forward at the same time.
Should be a very interesting New Year ....
Lots of news to come shortly...
3rd Jan Opening of tied bid - resubmission will we get the other bit Dave wanted? We should hear further news on 3rd or 4th maybe full news of what is planned?
News that Ice Road has started ?
Confirmation of all approvals for Winx drill?
Nice to see a slight move upwards this last few days, hopefully this will continue as we move into January.
Have fun all.
BB32
-
I share the sentiments of this time of year and wish to add my best wishes to all, let me hope that we all have good health and see an increase in our wealth in the next few months.
Merry Xmas and let's have a Happy New Year
Bring it on
BB32
Timing of any release will be very interesting particularly as we hope that maybe the tier 1 company is American so releasing info needs to happen during working times of USA investment community as well as Aus / or UK
Will be interesting, hope this is released shortly..
BB32
It is no wonder 3D results take so long, and as someone said - Phrontist? Not sure - any farm out partner would then re do if not correctly done.
The 3 videos are quite heavy going but I found them quite fascinating on a slow cold and wet day.
https://m.youtube.com/watch?v=5bhnk3S-y44
https://m.youtube.com/watch?v=DIV9Fj-_97A
https://m.youtube.com/watch?v=-I2e5YH6tZ8
After watching these you will all be experts.
BB32
Funny when you can't sleep a Bit of reading helps. Nice easy presentation answers past questions on this site from ages ago about reserves, also gives examples of COS.
https://www.gljpc.com/sites/default/files/Understanding%20Contingent%20Resources_1.pdf
( one for wiki Brom )
Not a lot happening down under, and looks like everyone here are also just waiting.
If 18million barrels of contingent resources are worth $118m in Cameroon for Tower Resources, just imagine what 2.2Bn barrels will be worth
Come on 88e
BB32
As ENI was put forward earlier as a possible contender as a farm out player , some Interesting views and plans for 2019 about COP who have been a lot of writers of this BB's favourite .
https://seekingalpha.com/news/3415853-conocophillips-shale-output-grow-25-percent-2019-even-oil-slides-ceo-says?dr=1#email_link
https://seekingalpha.com/article/4227511-conocophillips-free-cash-flow-positive-40-wti-oil
My guess with 3D taking place around us, COP and Oil Search,that we could well find the Nanushuk play joins up into the pools that we have in the Western area. Just my thoughts .
COP were annoyed that Oil Search got deal they did. Will they be able to get there first this time?
Or will Oil Search try to use its positive current position to further expand?
https://finance.yahoo.com/news/expect-oil-search-limited-asx-215450012.html
Or will it be somebody else, we don't know what we don't know, but come on Dave maybe it is time to let us all know...
Anyone any other thoughts? Surely got to be a better discussion than the crap that occurred over the weekend .
.BB32
Des,
Totally agree, but Chance of success is like choosing to cross the road - can you cross before the bus hits you -
As said no-one would really quote 100% COS, and technical % as we keep being told is 25% my personal belief is that with modern seismic and success rate on other drills in Nanushuk we will have success, hence my 100% faith in Winx .
BB32
Pumped and dumped should be dumped. , what a load of codswallop. ---
Shows Lefkosia as No. 3 on list - he hardly has been ramping this share has he,
Would be good to see a list of top of the slaggers - but then we can all probably quote a few of them..
Time for an Operational update..
BB32