Member Info for Bridgedogg1

Clearly bouncing off the bottom here. Back up to 1p by week end? Screaming shorters will be bashing away at their keyboards no doubt.

So after the December 31, 2019 allotement, Tellurian Investments LLC held a total of 463,448,088 ordinary shares representing approximately 6.4% of the total voting rights.

Feels like we have hit the bottom, lets see what happens from here.

It’s been two weeks since the last update, that period had includes Xmas and New Years, I’m not surprised we haven’t had an update since then. General well operations, pbu, we may get an update but don’t expect much has changed yet.

I believe the combined bop will be well over 1000. I expect Kim alone will be boosted to close to 500 and Portland will see over 1000. This may seem optimistic but this is based on the latest drilling update.

I expect a billion shares to be dropped on this

Good to see the completion of the deal that added 69% net oil sales revenues, net reserves and recoverable resources with the horizontal soon to be completed also.2020 should be a good year.

Cash raising hasn’t been ruled out after April 2020

Where do we go if it doesn’t flow and the HRZ test is disappointing? End of the company?

The businessman is going to give £100m of assets to the company for free because he owns 7%? Crazy ramping on here.

Suddenly HRZ was just a sideshow and conventional was always the target???? Can’t believe DW said that after 4 years of talking up the unconventional, BS.

my prediction is no significant rise until the run up to results. Might get a blip but I dont think think this will hold above 1p until March. So basically anything under 1p is a steal if you can hold until April then you derisk what you want for results IMO.
This is a highly anticipated drill and I dont think the spud announcement will spike the price.

Great video. One thing that struck me was that we are just on the edge of many of the targets, even the Upper Stellar. Not sure whether this matters but wouldn't want to see prospects written off because we have just missed the 'sweet spot'. Any geology comments of targeting the edge of the prospects?

To be fair 'Sweet spot' isn't a vague term made up by SS to mislead investors, its a recognised industry term to describe the most prospective area in a target zone.

The initial flow rates will be high. They always are. There will be a drawdown over time and after 90 days we will know what we are dealing with. Expect 50% less than what is reported in the 'first 24 hours'. Some will get caught out on this. Hopefully we will see over 1000 average in the first week. May settle at around 700 and I would be happy with that. If the initial rates are lower than 700 I will be very concerned. The current MCAP is around fair value for the risk/reward so could move strongly either way.

Looks like there are quite a few target plays In the region sub the HRZ Level. Obviously not for us in this drill but the I just think the north slope has an amazing future.

The big question is what happens after (if) we find oil. Lets not forget we have to find our share of the flow test well in December 2020/Jan 2021. DW has said we arent a production company but I wouldn't be surprised if we farm out the cost of post Charlie-1 appraisal/production and retain a 10% stake. The other options are to either sell on the estimates that come out of the Charlie 1 drill (which would be fine) or raise/borrow for the apprise/flow test (which I don't like).

Only Milhog would look beyond a world class drill to a possible cash raise. A lot can change between now an April. Unconventional farm out? We will certainly be due some cash on that one. Yukon drill? Maybe no cash but supportive of the share price. We know the drilling rig can be operated efficiently so we might still be holding the surplus cash already raised. However if the drill overruns we will be left picking up the bill. Worst case scenario we don’t hit oil and have to shell out for additional costs. On the other hand if we hit oil a small cash raise at 4p+ won’t bother me too much.

Thanks for the article
If we could get a deal in for Yukon and / or HRZ before April this could rocket

Posting that DW should resign etc all the time doesn't really add much. DW takes a high salary just like all the rest. We raised cash, got some loans, kept control and did some drills based on the available data - they didnt work out. We have kept control and ownership of the original target asset. Now we are doing another drill based on available data and hopefully it will work out.

AFTER hitting the discovered I3E are now one third of the price they were a year ago, I wouldn't call that 'how you do it'. If we were at 0.35p AFTER we hit oil on the conventional that wouldn't be a great success.