Member Info for Bridgedogg1

Thanks Spinefx

Sfx That would be great thanks.

Do we have the documents that show the classification of the Torok as 'discovery' - what did they actually find? Seems like they had a lot of issues with the well.

https://www.upstreamonline.com/tag/Alaska

anyone have the subscription can share the article?

With the IW drills was there any assessment/consideration given to the conventional layers on the way down . or was it completely disregarded? Goind to look a bit silly if we eventually do 3D on the central fairway (B) an there is a conventional prospect at FB :-)

Interesting. HRZ is 11,000 ft I wonder what they found at the bottom of the well.

Milhog- with no overheads and in one year it’s 480mx $52 and no one has said that. 350 or 480m or 500m x $3 or $4 is a perfectly reasonable calculation

13:44 that was supposed to be 'not unreasonable'

Based on recent local deals there is a bit unreasonable chance that we bank over $1b in less than 12 months

IMO if commercial oil is hit in Torok I don't think PMO will amend the appraisal/development plan for oil elsewhere on the drill. It would be good news for us and we may then see future appraisal on other drills and would certainly pique PMOs interest for the exploration on the other blocks.

As far as I can tell VAL have taken a drug already in use and added a little something to make it work a little better (trails pending validation)? Maybe this is why the company is worthless? I'm not troll bombing, both serious points. Could someone explain why the treatment being developed by VAL is worth risking my hard earned? I know that's lazy but LTH know more than I could get out of the documents in a few hours of research which has produced the above.

If valuations were based on p/e ratio UKOG would be less than worthless. Obviously other factors come in to play.

Becoming clear that PMO got the deal of the century.

I'm just a bit concerned by the previous RNS re the additional cores increasing OIP. Sound like just the target core came up trumps, which is still very good for the horizontal but make me wonder why the info on the previous RNS if they werent sure? Could have left it a few days.

I don’t think it’s ridiculous at all. I’m not saying it’s 99% COS because this would never be given to a well at this stage, but I’m saying that with all the factors in play the COS is a high as it can be in similar circumstances. We’ve got proven oil and recent successful drills in the same target relatively close by. There’s good data which multiple parties have worked on the optimise the drill location. Everything we know about the drill is positive, just waiting to see if it will flow commercially. I peg the COS in the 70-80 region. We already have confirmation that it is greater than 50

MCAP sub £1m. If it had anything of value someone would have taken over by now. Small change to even a mid size pharma.

Money going in isnt = increased value. What are they being paid for? Can you justify the cost of listing for a sub £1m company even on AIM?

I think COS Q1 2020 is pretty much as high as you can get on a drill, but yes that is the chance of finding oil on the drill. I don't believe we will get a COS figure on this from the company(s). We will be taking data and coring to establish the best positioning for the flow testing Q1 2021, the COS here is much more of an unknown. Once analysis is complete we should get a COS figure on that most important drill. Just to note among the many factors that make up the COS calculation the performance of local drills is a key factor. We've seen a lot of success locally and as OW points out the issues with oil saturation on WINX (other factors where quite encouraging) shouldn't be an issue at this location. I would be surprised to see a COS at sub 50% for the 2021 testing.

http://dog.dnr.alaska.gov/Documents/Maps/ActivityMaps/NorthSlope/2019-10-07_Activity_Map_North_Slope__Web.pdf

A nice read for a Monday morning. Where is the first probability map from, can’t quite see it properly on my phone.

Sounds like we are ditching Kimmeridge at horse hill other than the vertical. I think kimmeridge will be tested at BB and SS doesn’t want to interrupt/risk the oil flow from the vertical which when added to the first horizontal should provide free cash flow.