Member Info for belisce6

So how long has it been until now ??
Might it be time to start holding ones breath ??
Would be a shame to have held on for so long.. to tgen move on just before it happens..

He used the lead up to morroco drill to raise cash to ensure a more favorable char position come namibia and/or brazil drill..
Why such animosity to him?
He did the right thing :-)
The fact the morocco drill was a duster.. aint his direct fault..

Brom.. yep.. interesting to see if opportunistic grab is attempted at any of the 3 northern tenement packages up for sale..
Have no idea if any are good..
If they are then surely a 3way 88e/oel/rmp bid at 50 to 100bucks per acre will get it.. theyre not very big so wouldnt be prohibitively expensive..
Just saying.. close proximity to the prudoe.. yikes...
Either way.. loads of drilling over 2019 and 2020 to come for 88e, as far as i am concerned..
They now have the time to close the necessary deals to make it happen :-)

Brom.. horseshoe area yes.. alkaid must have appraisal or retest of existing well.. thats what i understood.. by may19..
From there i think they had to drill another well in alkaid tenement and elsewhere but not constrained to early19..

I was thinking about if 88e farms down western ice conventional to 30% net for them (as in my previous examples) for complete freecarry on 2drills..
and 33% of total hrz for 100mill usd of work and about 15mill backcosts, leaving circa 42% of hrz net to 88e..
They then need only circa 5mill cash for 2019.. lets say..
Can then use some 8 or 9mill cash to grab 25% of talitha from great bear for 2020... even if its only Mean case total of 225mmbo -net 56mmbo for 25% etc..

Cos the question is which one comes in a success?? Stellars 825mmbo total or talithas 225mmbo total?? Etcetcetc..
When considering this.. it appears having 25 to 30% of 4 different prospects is better than 50% or so of two...

There is possibility that looking forward this happens..
Q1/h1 2019 freecarried or covered (with 5mill or so for 88e 2019 costs)
-horsehoe drill 88e Mean net 125mmbo
-stellar drill 88e Mean net 250mmbo
-hrz ice2 horizontal.. 11000ft prove the flow...
(Each separate event is good enuff on success case, to cause 9p sp)

Then
Q1/H1 2020 freecarried or covered (with need to pick up 5mill or so cash before start of yr for 2020 88e corporate/net lease costs..)
-bravo drill 88e net Mean 100mmbo
-talitha drill 88e net Mean 56mmbo
-hrz ice3,4 2x11000ft horizontals in franklin bluff area plus maybe 2x 2500ft horizontal extensions of stellar and bravo
-(optional if 2018 3d is good) yukon appraisal drills (which have been farmed out 50% ? for full freecarry until development financing).. hence already 88e net 60mmbo mainly proven..

To some may look like too much jam tomorrow..
To me it looks quite possible :-)

When i combine the two general farmout scenarios (conventional and unconventional) i also see a possibility for complete freecarry on stellar, bravo and (100mill usd worth or) 5 times 11kfoot hrz horizontals.. by giving away only 33% of total of everything.. but then with no residual cash paid..
Will do the detailed math and post it later on..
There seem to be a few possibilities.. risk factor will govern it.. for example.. do they derisk conventional drills to the max or do they hold onto it to the max.. cos if they derisk as much as possible they can then try getting new exposure to one or two great bear wells next door :-)

Phrontist.. no.. not directly.. but who needs to be? In order to work out or understand what farmout strategies are available.. monitoring and watching so many oilers on a daily basis.. gives one a good feel for the types of deals available in present time...

iamrich,

Thanks for sharing..

Matd has 662mill shares on issue but lse site still has it at 525mill. So even now its close to 60mill market cap.. at issue price was much more.. pure exploration..

Copl.. haha.. will now at current price with recent dilution.. about 9mill quid..
Fair enuff for now..
But once service contract sorted.. not sure thatll happen again :-)
I think itll be at least 3 times that amount..
Throw in nnpc sign off on top afterwards.. at least 5 times current market cap..

It a gamble.. but we all know the best place to make the gains are as the deals are being done :-)

Yes.. matd vs copl.. different fundamental stories..
Matd is pure exploration.. copl is waiting for closing a couple important administrative deals.. which are only positive and its into production not exploration like matd.. who was 60mill +.. just that lse site hasnt actually added in the last equity raising shares...

Sure hope dave gets paid..
He is the one thats gotta get those hefty farmouts :-)

Yeah.. why have jam tomorrow?
If you can have your rotten eggs today ? (Just like every day ??)
:-)

eodens = widens

Yeah.. he is effectively a stock promoter ?? So youd expect him to be getting payments here and there.. why would that be corrupt? Its called capitalism isnt it ??
And covering stocks he has no direct link with, from time to time, just eodens his audience and website clicks i guess.. nothing wrongly being done at all...

As for the othet character.. whoa... did i read the word - shyster ?? Haha

Yes.. well 4 components at 90% each give a COS of 65.6%..
If mengo is 70%.. thatd mean on average the 4 components are above 90%... closer to a dead-cert than 30% failure... :-)

Only my opinion...

I seen more than handful of placings across at least 5 different oilers this past 6mnths or so.. not one went below placing price..

Tis a very very good price and time to get into copl :-)

Buy low.. sell high..
Buy when the most amount of fear and negativity is present :-)

Is the guy who called malcy a fat corrupt toad, any better himself ??

If you put the question out to all punters.. the answer will be very very interesting :-)

0.335p or even current 0.37p level looks good when considering this potential which may unfold over nxt 2 to 3mnths :-)

Anyone have any detail on the previous service provider litigation.. thought i read in post on this BB that it is happening soon.. the last bit of it..
It might Not be what is holding nnpc back..
Possibly the service contract will give nnpc the tick to sign off..

As for sp.
I stated 1 to 1.2p on service contract (25 to 30mill market cap) on the spikeup..
But with nnpc signoff as well, who knows.. maybe not just spike to those levels but it becomes a base and spikes up some more to 40 to 50mill market cap levels.. 1.7 to 2p...

As strange as it may sound.. i think the disagreement might just be part of the ploy to work the sp down for the much much lower cap raise level...
Essar mauritius could dislodge shorecan but then the nnpc is left with a shafted partner who is representing them in litigation with previous turfed out service provider... and whats essar mauritius gonna get out of that.. are they trying to bump off copl to get in with shorecan ?.. who knows.. but they can also lose everything.. if for exampke they dislodge shorecan but nnpc arent happy with them and when would they get signoff ?

Am hoping its just an admin piece of crap which was simply announced in order to aid sp lower for the cap raise..

Reality is this.. if want cap raise money..
Must offer good price..
.335p is very very very good.. the money will come in.. negative emotions will subside..
Onwards and upwards :-)

It kindof matters little.. cos as another poster recently stated.. we just want an rns stated "oil shows" with testing to be done later on.. etc.. that should be enuff for some shortterm sp spacial orbit, shouldnt it ? :-)