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Considering activity across the whole of the North Slope, and referencing Armstrong's recent thoughts on oil left behind, I strongly expect there will be a few companies with an interest in farming into our acreage.
As for Winx, the uptrend is similar to that of ukog, with day on day rises.
By Friday, some people will look back at the SP movements earlier in the week and say to themselves 'I knew it would continue to rise, I should have invested'
News could literally drop at anytime, but which will drop first?
1) Wire logging update on Winx
2) Yukon
3) Farm Out on our potential 2.2 billion barrels of oil
Each bit of news could have an extremely positive effect on the SP. It's no surprise therefore that 88e is being seen as a very attractive investment prospect
The uptrend continues as we approach news on what we believe will be a successful drill. Then of course we have news on Yukon to look forward to, and then the small matter of a farm out on a possible 2.2billion barrels of conventional
Winx update and Farm Out update could literally be with us at anytime
Ideally I'd like Dave to hold off until the end of the week to allow the SP to rise even more
I suspect by Friday we'll look back at today's price and think why didn't we top up?
I remember watching UKOG going from 1p to over 10p last year. I ended up having a small investment at 3.7p as I couldn’t bear to stand on the sidelines watching it rise everyday. There really is no reason why this shouldn’t continue to rise as we move towards confirmation of the farm out.
Directors won't be able to buy if a deal is imminent, its against the rules. But then you already knew that didn't you
In fact NOT buying is a clear indication that a deal is very close