Member Info for Bridgedogg1

Dave must have felt there was a chance FO would be completed before end of July. Soon now..

Unconventional FO process should be much more straight forward and may happen sooner than people think. Once the revised fairway is confirmed we will just need a single drill to prove up the models. May be a bit of appraisal required for the full fairway but a single drill could put 100s of millions of barrels in the reserves. No wonder we are getting unsolicited interest.

Batfink.... that’s in reference to the HRZ - shale farm out - a different 2b+ bls than the conventional 2b+ bls which we are still waiting on the transfer of working interest. Could still drop any day. Sounds like Dave is waiting, just like the rest of us.

Early Aug - Looks like we will get the farm out details this week or next week. Could be that we have to wait for the partner to have their own reporting as speculated yesterday. Who was on the list again?

We cant take much from it other than they are allocating significant resources to Alaska.

LM, spread is usually down to liquidity which will be different for each of your holdings regardless of price.

If memory serves there is a dip on no volume just before pretty much every price spike we have seen.

The company has made some pie in the sky investments and now will continue to raise money to keep them afloat while issuing shares to pay the directors. If the NAV is £5m then just sell up and distribute to shareholders, 150% return. Scam money pit IMO

Dont think the MMs care too much about this one, low volume, low value automated trades. Might start showing an interest after news drops. There are a large number of small sells going through. Perhaps someone with an interest in lowing the price? Plenty of people have free share dealing service and like to use it.

Not often you can say there will definitely be undate on operations before market opens tomorrow - assuming it has to be registered on ASX tonight - and assuming there is no way the QR will be released without at least some sort of update on the farm out process..............................................................

Max 1 more trading day before we get some sort of update

Expect a fund raising soon for the next step

“The company has an aggressive growth strategy, including making targeted acquisitions and will, going forward, look to support its activities through more traditional forms of debt and equity issuance and will seek to avoid structures with variable conversion where possible,” Widecells added.

Indigo Discovery mean 374mbls
Heavenly Discovery mean 68mbls
Stellar Prospect/Discovery (stacked) mean 639mbls

Can we book them :)

Proven reserves are those reserves claimed to have a reasonable certainty (normally at least 90% confidence) of being recoverable under existing economic and political conditions, with existing technology.

"proven undeveloped" reserves are reserves that can be produced with existing wells and perforations, or from additional reservoirs where minimal additional investment (operating expense) is required. PUD reserves require additional capital investment (e.g., drilling new wells) to bring the oil to the surface.

Unproven reserves are based on geological and/or engineering data similar to that used in estimates of proven reserves, but technical, contractual, or regulatory uncertainties preclude such reserves being classified as proven.Unproven reserves may be used internally by oil companies and government agencies for future planning purposes but are not routinely compiled. They are sub-classified as probable and possible.

Probable reserves are attributed to known accumulations and claim a 50% confidence level of recovery. Industry specialists refer to them as "P50". The sum of proven plus probable reserves is also referred to in the industry as "2P" (proven plus probable).

There is also the historic drilling results

Brom do you think the permitting is at the direction/in agreement with the FO partner or just 88e making sure there are some drill ready options for the upcoming season?

A few people have mentioned the assumption that the new FO partner will want to do their own new 3d over the area. With what looks like drilling targets identified and permitting underway is this likely? If the content of the data room is sufficient to entice the FO then maybe there will be no further 3d?

Good chance it will drop in a couple of hours... two trading days til month end. VGLA

Don’t see any reason to think so Des. It’s been a good few years and DW has always played with a straight bat.

Might be a little time until the drill but we are waiting on news for possibly two further farm outs so won’t be quiet here

Meet in London for an all night booze up with champers on ice?

IOG have 3 month lows of 10p and topped out at 25p today. I would take 2.5p on 88e.

Let’s just wait for wait for the quarterly report before revising the deadline by 4 weeks.