Member Info for BigBear2

The question is what is positive??

Here is my gut

No flow - we tank 50-70%

We flow reasonably - 100 bopd we open around 0.5

We flow beyond guidance 200 bopd or more 0.6 open and move up

Just my gut feeling BWTFDIK

I Personally think it will be towards the end of next week though…

I think there are large buys and sells being worked in the background likely from institutions

Hence why smaller pi trades even if plentiful have little impact

Absorbed with no issues by mms

Yup I remember rkh very well they cleaned out everyone prior to huge multi bag

For most I think positions now taken.

Just a matter of if the mms want to mess around with the sp to generate some volume

Pretty sure news will arrive overnight on asx so keep a close eye on that

I think these large rounded trades are more likely to be the last of the placing shares being rinsed

Taxi man I think the main thing is 88e must prove to the market their acerage can flow as none of the other prospects have yielded a flow rate as yet. I’d still feel more comfortable if they were flowing the lower reservoir first as it’s proven but best practice is to start with the shallower one then move down.

Fingers crossed

It’s what I was saying before a flow of 150 bopd could be any bog standard domestic US onshore well.

It’s the horizontal tang would surely yield the true measure of commerciality, but the simple fact that it flows unlike icewine would open the door to that horizontal in the next drilling season…

100-150 will then make a horizontal viable

We envisage that the majority of the remaining well cost will come from asset-level financing….

The MAJORITY so there will be an equity component that JA will try and make as small as possible but it will still be a few million

You are assuming fiinance does not come with a heavily discounted placing

If you have followed JAs comments on financing he has consistently said he would try and minimise the equity component of any finance package so there will be a placing as part of it.

Agree looks like we are a while out from results be good if the company rnsed when it actually starts

Dude I have made my position clear when I know how much dilution is needed for the Cameroon drill I will take a sizeable position here as I like the asset

Jeremy Asher, Chairman & CEO, commented:

"We are very pleased to have confirmed our next steps on the Thali license, including the reprocessing of existing 3D data, with a view to finalising priorities for drilling in 2018.….i

No I don’t think he’s delayed it on purpose.

Let me put it another way he has promised and failed to deliver finance for the drill for several years.

I’m a buyer of this stock,as soon as the finance is confirmed

No one denies the fantastic upside but Asher’s been delaying this for years.

Loads of Money on sidelines fir when drill is financed and slimy agreed

Tbh I find the vagueness somewhat irritating previous drills/flow tests saw interim updates letting you know where they were at.

Surely the SMD-B zone would be the best card simply because we know it flows at PANR, then essentially the untested shallower zone would be a free hit.

Squeaky bum time, mms hammering us back down again and no leaks at all.

In some ways it would have been better if we had tested the deeper reservoir first as we know this has already fliowed at PANR..