Member Info for Brombarb

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The Future of Oil and Gas
https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html 06/2018
Specific to Transport
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/demand-by-sector/transport.html

https://www.afr.com/markets/citi-sees-10pc-battery-electric-vehicle-market-share-by-2030-20180611-h118ct 06/2018
https://www.iea.org/weo2017/
https://oilprice.com/Energy/Energy-General/Can-We-Expect-Oil-Demand-To-Slow-Anytime-Soon.html 02/2018
https://www.strategyand.pwc.com/trend/2017-oil-and-gas-trends 11/02/18

Lti whether you have committed a mortal sin I do not know, however you do seem to have changes of mood on occasions :-)

but on Saturday you said;
"bI dont understand why everyone is moaning about the farm out, its not happend yet and
DW said it would happen end of 2018 or early 2019.
Thats what he said if you dont think its true sell up and go elsewhere, Im Staying because im in for the long haulut "

Today just a few hours after
"..Get this fam out going rapid DW"

Lti thought you were in for the long haul and this was only a very small part of your investment portfolio, you sound pretty desperate to me :-)
Do some research understand what you are invested in, you will then have a better idea of the risks and the potential involved. Based on your questions at the time of the rights issue and misunderstandings over what non-renounceable rights actually were it might be time to do some research on the stock market as well.
If your only understanding is garnered from this BB then that is your issue.

if Jaffas has been here for four years then she/he has had ample opportunities to have bought on the lows and sold on the spikes and made some money in the process, starting with the original Repsol spike.
Learnt nothing in four years or playing the game? which is it!

difficult to know anything, is there a any pattern to the market makers pricing, are Cenkos for example driving the pricing or being driven, have JBER lost their virginal status yet?

Our FO target was always by year end but Dave was very clear that if our target, is a a tier 1 they may have a different view and we may have to accede to that, what we also have to accept is that Dave may not be able to tell us what is actually happening if in serious negotiation until a decision is reached.
So it then becomes a matter of trust that DW will tell us asap once results either positive or negative are known.
I imagine no one on this board has ever negotiated a Farm Out, Farm in Negotiation so whether the timescale is realistic or not I do not know, I believe OSH took 8m in their negotiations with Bill Armstrong.

Brent $60.14(08:43)

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https://www.iea.org/newsroom/news/2018/november/crunching-the-numbers-are-we-heading-for-an-oil-supply-shock.html

I base my opinion on the third paragraph of the HC corporate news item, that does not mean we will not have an offer by end of the year, just I think any announcement is more likely 2019.
That is my opinion but everyone can read it and see what they think.
Do not know Smithy is implying, still invested and bought more last week. :-)

Where else does the money come from for a junior explorer?
Only now are we realistically in a position to think of an industry route.
But you knew of these plans in June.

so Winx consortium, ASRC acres & "partnership", Yukon 3D, data room and FO objective means nothing at all.
I am under no illusion though, this is high risk, high potential territory but as I say five months ago after all your research you seemed happy with companies direction of travel under Dave Wall.
but your money, your opinion.

Sage so what you wrote in June you did not mean at all.

"Even if IW2 fails there will be other bites of the cherry and a chance to come out unscathed"
"Having traded Aim for years I often find that the sp has little correlation to underlying value."

Oh well

Sage in five months what has changed so dramatically, we remain a junior explorer with great potential and lots of risk, yes the RI timing was difficult but DW had little choice, IW2 was not an abject failure and is held in suspension.
The mere fact that we have those conventional targets, some form of "partnership" with ASRC and the Winx drill for Feb 2019 plus of course the hoped for FO deal would suggest that DW is not completely incompetent.
As I have previously stated it is necessary to understand the history of the company and the jv partnership.

"We still do not know if this will flow commercially but for my money our 50/50 just went to a 60/40. Having traded Aim for years I often find that the sp has little correlation to underlying value. This may still turn out to be a poor investment for me but of the companies I have researched it offers the best risk/reward ratio. Even if IW2 fails there will be other bites of the cherry and a chance to come out unscathed. I remain puzzled by the SP but happy to buy on dips."
Sageman June2018

Jiddy just my opinion, by nature I am just cautious about these sorts of things.

"compelling offer" is that a deal?

Nothing irresponsible about that.

people will see what they want to see.

third paragraph.
Does not mean deal will not done in 2018 but announcement may be later.

Looks as if any FO announcement may be 2019 based on third paragraph, what is that drilling update though?, we know about Winx?