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Happyhatter I certainly hope so, but after all the ups & downs of the last year it's made me a bit cynical of what is said as they are quite ambiguous & can be interpreted in many ways. Nothing is certain until an agreement is signed & things move forward rather than slipping back.
Anyway have a good weekend everybody :)
Lol, actually I'm not sure why you think my view has changed! Just it might be that the data gathered might not be conclusive enough currently for a farm in partner, which is why he's said conventional is soon, which might bring the price up a bit, if there are tangible results this could be quite substantial or at least enogh to make a cr viable, to fund a horizontal drill with a farmin partner taking less of the share but also less risk.
It's all speculation, but DW seems to like to suprise us with cash raising when we least expect it, he is the master at creaming the share price for maximum, cash raising potential.
Or that the results were so poor, that they can't get a decent farm in agreement without giving more away than DW wants in exchange for the risk, which might still be too high for a farmin partner & they want us to stump up the cash for anymore drilling there, which at the moment can now only come from a successful conventional drill.
I agree, unless we find someone who sees potential gains from what we have done already then it will be up to 88e to prove it via horizontal multi stage fracture funded by the as yet unfarmed in conventional & hope that it is more successful than hrz has been to date.
The time frame for hrz farm in has slipped again, is it because they don't actually have enough info for a farm in at the moment, so have to gamble on getting a farm in for conventional, cash raise when the price rises, to fund a horizontal multi stage fracture next year?
Thoughts?
I doubt very much that you will be able to buy at 1p in the near future, as most things have been derisked quite considerably & just a matter of 3d being used to pin point sweet spots for conventional, not to mention a farmin for IW2, all of which have been paid for or are using other people's cash, please correct me if I'm wrong.
Probably, I just figured, sitting waiting and hoping wasn't doing much for my break even, so I've been lucky to catch the peaks & troughs over the last week, increasing my holding without adding cash, bit of a gamble but it's paid off thankfully.