The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks Brom, do you know how many acres jade is? Imo exxon would be the natural buyer and a very eager on yukon because they have spent $4billion on that infrastructure and 10k bopd is going to cut it. Yukon at 120m barrel at 50k bopd would give them a greater return if they buy of us for $5 pb. Looking forward to the inversion work to see just how big it is! Not long now! Hopefully the $20m or so cash back can be used for a drill next year without giving any equity away. Who knows.
Sorry to be lazy Brom but I am travelling between flights atm.... this jade lease that Eric has got, is that north of us bordering anwr and point Thompson? Does it have anything to do with us or is it Eric privately? Also the 3d is it part of the 3d we shot?
Thanks Brom
Yes mickey, i recall that as well. I dont post often as i cant stand the trolls but do apprecaite the effort of those who contribute consistently. Wish you and your family atb and here is to our success starting this year! Thanks mate.
Mickey, I sincerely hope too catch you and a few others at the next london meet up or presentation! Sadly the 1st meet up was bad timing for me as I was away and the other time I thought to buy 1000 quid to buy shares was potentialy more valauable in the long term. I can't wait for us all to get some real value on this share price and get the credit it deserves. Much respect my friend, take care!
I agree dazzle. None of us can predict the amount of oil that is proven over the next few years or which value its worth to a major oil company. This may also never be sold out completely and could go into production which would yield some very impressive returns/dividends etc
A good time to sell out would be when DW sells out and i wold assume that would happen if investors/ larger institutions wanted to take this into production. Some will sell at 2p some 10p some 50p and it may continue into the £1+ etc everyone is different and has different strategy and needs, me personally will top slice around 20p if it spikes there later this year and i can let the rest run for a few years and not have to worry about anything.
Look forward to meeting everyone for a beer or 2 at the next meeting upon successful winter campaign and FO etc.
Would like to wish you all a great Xmas and new year! I am certain 2019 will be a great year and 2020 even better for 88e. Look forward to getting a beer sometime in the summer when Dave comes to town again!
My money is in exxon for $400m (growing to$500m dependent on sucessful 3d prospect over central and eastern 3d)expenditure plus $20m back costs and us giving up 40% of our 80% interest at icewine! But initial offers (compelling) in by end of year with final negotionaions in early 2019!
Still hopeful of a drill or 2 in the western part in q1 2019 but this is totally dependant on the partner!
Lots to look forward too and 2019 is our year for initial growth in share price followed by multi year discoveries and hopefully end of 2019 we will be added to use markets!
Just my 2cents worth anyway!
We went from 15,520 acres to 14,194 as updated in most recent presentation I assumed we dropped a block for some reason when we paid the balance.... more than happy yo be corrected on that if wrong but I just had a quick look again and if looks like I am right...? We lost almost 1400 acres on Yukon some where?
I assume they go back and offer both companies the chance for a final bid? If not then the state can choose there preferred bidder? Which would be us considering our Yukon lease. Have to ask why we dropped this last round? We had it then dropped it on final payment and rebid this time...
Just had a quick Google with there address and it looks like a private investor picked up those 120 tracks lol... thought it may have been us under a new name again but appears just a fan wanting a stake haha.... still not sure of exact location but straddles the Walton highway!? Bit odd imo.
Additional targets identified plus we know from OSH that it look like our prospects continue south towards there grizzly lead. On success at winx we could get 3D done this winter season and be ready for 2020 to further delineate those western blocks..... those western blocks are looking like a 2 years drilling campaign. Very promising.
Seems no one picked up on it in the RNS. I think some around icewine is likely but it's also possible another deal with great bear north of icewine. Nothing available to add around winx or Yukon but as u keep day in Brom " we don't know what we don't know"