Member Info for Bridgedogg1

ASX back online tonight. 15% chance of news

Looks like the spread got out of hand

I certainly choked on my coffee when I got the notification

23rd May 2019
Project Icewine Conventional: farm-out process continues to progress with preferred bidder

o Third party due diligence process now largely complete

o Final decision on approval scheduled for June

Project Icewine Unconventional: advanced FIB-SEM* and HAWK** analysis significantly advances understanding of HRZ shale play

o Majority of acreage remains within revised prospectivity fairway

o Additional application of FIB-SEM underway to validate fairway revision

o Formal farm-out process deferred to 2H 2019 - soft farm-out underway with continued third party interest

Yukon Leases: discussions underway with nearby resource owners to optimise monetisation strategy

Big buy?

What’s going on? Was going to invest this morning but sp movement has me spooked. Prov is up? This is 10x undervalued. What have I missed?

I like purple trousers

Going to be pretty ****ed if it’s only 1.2p by Friday. This will be a big week for UKOG holders IMO
Watch out for the big volume buys.

Watching the chart movements on my commute. Clearly looking to break out of current range. A bit of volume could make for a special day/week for LTH looking to get back up to a more sensible price.
Seems inevitable now . Well done to the brave holding through the lows-it’s not a loss until you sell. GLA

Rig update expected this week if it’s the rig some have speculated about.

14 days left.

I think sells. The previous 14k buy went through at 0.998. If the news was ready to be released would it go through on LSE or Wait for ASX to reopen??

Strange that trades of that size didn’t got the mid price

I think we can safely say that the terms have been agreed in theory and this is now being presented to a monthly/quarterly type Investment or executive committee in June. In my experience as someone who has been responsible for arranging these types of meeting they rarely meet on a Friday or Monday. ... next week?

Are we waiting for UJO to finish up with the rig? Got to be next week?

Looks a bit drab for £3m ;)

Wouldn’t wan.. ah man

£1b minor spend. Bastardos.
Someone that big would probably only accept a large stake with full carry as they wouldn’t want to have any uncertainty over partner funding.

Maybe ever????? :-)

GLA

Sorry I meant east part of the western leases which is what is being FO

Forgot about the cores on conventional drilling just looked at the regional wells analysis comment. I guess if the conv FO partner isn’t involved in the HRZ there will be a lot of interesting and complex discussions around cost if cores for HRZ are wanted on any drilling.

It does seem a bit strange that we know it covers 50% of the acreage but not told where.

"The expansive leasing strategy employed by the Joint Venture means that the majority of the revised fairway for the play remains captured within the Project Icewine leasehold, with greater than 50% of the acres under lease considered prospective."

Sounds like Daves knows but didn't want to share? Could (but unlikely) to be relevant to current FO discussions. Would be nice to know though.