Member Info for Brombarb

08:10 grateful if you can advise where, when it was stated that there was a 100% geographic CoS, I can remember PMO making a statement to the effect that we know "the oil is there" based on Malguk-1 and DW may have indeed said similar due to the appraisal nature of the drill but was a calculated 100 % COS ever actually issued by the company.
Think like most things the proof of the pudding will be in the eating , even the most rigorous and up to date 3d analysis even when coupled with rock samples will not be absolutely fool proof, unfortunate but something we all need to be aware of .

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oh and the Filter :-))

past posting histories and reading above, below and between the lines always very instructive :-))

must have surprised and possibly disappointed a few :-)
December volumes so far across three main markets only trail April's volume.
Perhaps Spinefx had something in his theory.

XCD ANN
https://www.asx.com.au/asxpdf/20200520/pdf/44hz5l03dfywz0.pdf
or
http://88ewiki.wikidot.com/xcd

09:24 Agree geographic Cos given in XCD ANN dated 20th May based on 2D and judgment based on "on trend" to local discoveries at Willow & Harpoon. But we will not know anything until after spudding next year , will it be at lower forecasted range or at the upper ?

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16:40 Phron may be right may be wrong, fairly hefty volumes already gone though particularly in SH over last week with no SP loss, perhaps spinefx has something in his theory.
We do not know what we do not know etc.

14:54 too many assumption s for me :-)
Have a good weekend.

12:14 as you say you can use statistics any which way you choose!
Ultimately the COS for Merlin remains unchanged.

Sure we will not be bidding but Yukon abuts ANWR so relevant.

https://www.alaskajournal.com/2020-12-03/anwr-lease-sale-set-jan-6

10:03 I think that was Spiney in full flow I was merely a conduit - but agree it was a good synopsis.

09:59
Icewine#1 & #2 24/7 gravel pad original lease selected by PB - PB's choice? probably.
Winx - Otto Energy placed bore hole.
Charlie-1 - PMO ( original permit 2018 had different bore hole location)
So at the moment can we judge.

some ideas and views to think about :-)

"I can see why these guys became the preferred bidder!

A 50% Farm-out is a great result by Dave.

It does however, to me at least, read like a ring around has been done.

About APDC: APDC is a special purpose investment vehicle organized for Project Peregrine. Its members are a consortium of private US entities managed by individuals that have extensive experience in oil and gas, including owning businesses that directly operate in the sector.

Not a bad thing as they are stumping up the cash.

I also wonder if these guys took part in the placement and have already/or about to, recoup their exposure. I've not checked this thought against volumes, so just my mind.

Interesting also, the chat was around a two well $15 mill spend, has now become a one well $12.6 mill spend. So whatever time they have, this well will be fully explored.

Harrier is in my eyes of high risk so won't see any action.

Just my thoughts

Hope all are well and stay safe.

Happy Friday"

09:00 you are correct there will be no corners cut , permit conditions will ensure that and if there are any doubts as to the efficacy of our plans we will either be advised to amend them or risk refusal, same will go for contractors and Erik Opstad will be involved heavily in all choices no doubt.

09:00 not every bodies agenda here is not the same, hardly surprising :-)

Only need to look at some posts before details even known

https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
4217175

08:45 correct we do not at this time know who comprises APDC, there are plenty of independent oil companies plus of course associated money in the USA alone , proving this up and then go to a major may be the sensible strategy.
DW intimated in last interview that this would be a one drill project so probably priced in already, always disappointing when expectations reduced but we have done well to negotiate a second farm out and keep the wheels turning.