Member Info for Bridgedogg1

Thanks JH, think you are right about Tuluvak but I wouldnt consider whether or not to test Seabee a minute detail

Still a bit confused about the secondary targets. At 2500 feet the drill will be sitting just above Tuluvak, Seabee is at 4000ft and Nanushuk is at 5000ft. So why not mention any testing/cores on Tuluvak and Seabee. The ann. states they will be heading straight for Nanushuk then this isn't a multi stacked drill...??

Would love some clarity on this is anyone has any knowledge

2m buy looks like a sell to me

What about Tuluvak and Seabea? Not the main target but would have thought we would do some minor testing on the way through..

Check of GKP following consolidation

Considering the local discoveries Nanushuk is the main target and Im sure if they had to pick a single target it would be there BUT Torok is the wildcard that could surprise everyone. If the seals proves problematic in Nanushuk i wonder - will we be able to test Torok on this drill?

Looking at the chart (sorry) I see no reason why this wouldnt test 0.90 if no news is received.

Personally I believe all is progressing as expected behind the scenes. The languishing share price is simply that there is no new information to drive it.

The details of a FO being worked on and there is no way they can release any information until the actual announcement. DW deadline is over a month away.

The spud announcement was fully expected due to the regular news-flow re ice road construction and pad. Anyone looking to take a high risk punt on a multibagger for winx1 would be mad not to go with RMP because the risk/reward is so much higher, therefore winx1 drill FOMO doesn't apply here as it has before.

88E stands to make solid gains on success of winx1 but wont break the company if it doesn't flow. If the FO gets pushed back again people would be pis'd but i dont see the current holders selling out at this level.

My only fear is that we close up the data room and call the FO process due to 'inability to reach a deal despite the high level of interest'. That would be worse than a duster on winx1 IMO.

I for one hope we don't get any immediate FO news so I can add more when I get paid next week

Still wondering what we are hoping for from the farm out(s). A few free drills and a bit of cash I would think, with additional options depending on the outcome of the drills?

Why would there be a rush to get the placing shares done?

Yes Tesla, who doesn't even sell 0.5% of new cars globally. Not much of a disruption but a lot of hype. The electric revolution will come from the existing big players when the technology makes the price point attractive for consumers without any of the current hassle.

https://www.westwoodenergy.com/news/westwood-insight/what-to-watch-out-for-in-2019-in-ep/

Price is rarely impacted by news the market already knows. In terms of the FO what would be the below/in line/above market expectations? Any ideas because I don’t know

Bring in Saudi they may not realise that every time you put a hole in the ground there isn’t billions of barrels underneath... unless you are on the north slope of course

There is obviously a lot of nonsense talked about comparing shares in issue across different companies, however it does have an impact on the same company over time. While this is also obvious in terms of the impact of share dilution or SP.
But when people talk about sentiment and spud getting the SP 'back up' to 3p as it was on the last drill it is worth considering that to get the same valuation (market cap) with the increasing number of shares in issue 3p 3 years ago may well equate to 2p today.

I haven't done the sums but woth considering the change in shares in issue vs market cap over time

There's a link to an interesting article about lateral lengths at the bottom of the rig count article

https://www.aogr.com/magazine/editors-choice/best-practices-extend-lateral-lengths

88e has amazing prospects but my feeling is a farm out partner would want to see oil flowing, that's why I don't think we will see a FO announcement pre winx flow testing. The Cluff deal is a good example of what we don't want - testing processing etc. a little cash and cost cover with no commitment. We've done much of that, and suffered the dilution to pay for it. Much better to get someone on board committed drilling and development IMO

I wouldn't be surprised if there are already FO offers on the table IF winx flows.

Its around 50 days from spud to flow test so Dave should see his sp average regardless of the outcome. If he drops a FO ann during that time as expected.......

Thanks, a really good point. So if the COS is 25-30% for all four targets whats the approx. COS of hitting one out of the 4 targets assuming they all have the same COS?

Could money from Conventional FO fund another flow testing at IW2? This would put us in a much stronger position for unconventional FO

Set us up well for tomorrow with fomo over the weekend