The use of the word "requests" implies that more than one request was made. This could either mean one party making multiple requests, or more than one party requesting an extension.
Define ''Request''........
Request - After receiving no BIDS we phoned 3 Major companies and they all said ''Give us a couple of weeks and we will think about it''
Yes I know I am being pessimistic but on so many occasions I have been right to be.
STILL AMBIGUOUS..
" The farmout campaign for the Project Icewine conventional portfolio formally commenced with the opening of the online data-room in July 2018. Physical datarooms were made available both in Perth, Western Australia and in Houston Texas. The key objective was to attract a farminee to fund and participate in the exploration and appraisal drilling of the significant prospectivity delineated on the Western Play Fairway and to further the exploration effort on the Central and Eastern Leases.
The level of interest and the quality of parties in the Project Icewine Conventional farm-out data-room was highly encouraging, with 88 Energy deciding in December 2018 to honour requests for an extension to the year-end deadline in order to maximise the number of bid ready parties, whilst also remaining within the logistical schedule necessary to drill multiple wells in the 2020 operating season."
INTERPRETATION -
The Farm out project has begun.
''farm-out data-room was highly encouraging'' - Could mean '' WOW Someone is Interest !!!''
''honour requests for an extension to the year-end deadline in order to maximise the number of bid ready parties''
Could Mean ''We have had no BIDS however after talking to some major players they said''We will think about it''....
IT IS ALL TOO AMBIGUOUS - I have seen this before so many times with other posting ambiguous statements which could be interpreted as positive or negative hoping everyone thins Positive when in fact it is negative. If it was all going well with many interested parties wanting to bid you would say.......
STILL AMBIGUOUS..
" The farmout campaign for the Project Icewine conventional portfolio formally commenced with the opening of the online data-room in July 2018. Physical datarooms were made available both in Perth, Western Australia and in Houston Texas. The key objective was to attract a farminee to fund and participate in the exploration and appraisal drilling of the significant prospectivity delineated on the Western Play Fairway and to further the exploration effort on the Central and Eastern Leases.
The level of interest and the quality of parties in the Project Icewine Conventional farm-out data-room was highly encouraging, with 88 Energy deciding in December 2018 to honour requests for an extension to the year-end deadline in order to maximise the number of bid ready parties, whilst also remaining within the logistical schedule necessary to drill multiple wells in the 2020 operating season."
INTERPRETATION -
The Farm out project has begun.
''farm-out data-room was highly encouraging'' - Could mean '' WOW Someone is Interest !!!''
''honour requests for an extension to the year-end deadline in order to maximise the number of bid ready parties''
Could Mean ''We have had no BIDS however after talking to some major players they said''We will think about it''....
IT IS ALL TOO AMBIGUOUS - I have seen this before so many times with other posting ambiguous statements which could be interpreted as positive or negative hoping everyone thins Positive when in fact it is negative. If it was all going well with many interested parties wanting to bid you would say.......
From Quarterly Report 25th Jan:
“The deadline for bids was extended by 88E due to demand with deal targeted in Q1 2019”
''Due to Demand'' = High Demand or Low/No Demand ?????
Why is the statement so ambiguous ?
Why is there no closing date mentioned for BIDS ?
''Deal Targeted for Q1''......Could it just be they are HOPING for a deal in Q1 but no one is interested ?
WHY Didnt they write . . “The deadline for bids was extended by 88E due to high demand with a closing date of 31.03.2019”
Instead they are being ambiguous which is suspicious and I read it as “The deadline for bids was extended by 88E due to LOW demand with US DESPERATELY HOPING FOR A deal in Q1 2019”
Make your own minds up...
Tubular Labs figures are out for Nov 2018 and Brave Bison are No 1 in the world for views ahead of Warnermedia & Walt Disney. Viral TRND also retains its No.1 spot for top channel. How much better can this get ???
Looks as if Invesco are still offloading their 574m shares. With the amount of buys being posted and no increase in the share price there must be some rather large sells going on in the background. The spread is huge ...looks like mms are happy to sell you shares but are not interested in buying any off anyone. I suspect the will be some multi-million sales posted late today or tomz.