Member Info for dazzle1000

Jiddy when I’m scrolling down it’s only three post away from this morning to 7 o’clock yesterday evening when brombarb Posted... please allow a little less Obvious calling out on dates sometimes it is relative we are all one happy family aren’t we?? helping each other....

Jiffy = jiddy Using text to translate tool on my iPhone doesn’t always spell correctly sorry for any grammar and spelling mistakes but I do love the new technology save a lot of time typing

I realised that jiffy... Don’t shoot the messenger buddy just read the message just trying to join the t’s and the dots that maybe some of those people have missed let’s just keep to continuing and involving the info to get insights and clues to help us further narrowed down the speculation with the facts at hand ... To all members and Newbys please continue to post good great links it is more than needed now because we are so close We need to be more accurate in our info to get a picture when the SP spikes or gets rerated .... I don’t post much because of the negative trolling... But it seems to be clearing at least until three posts per minute brigade joins when newsbreaks out and clogs up the sharing and caring of info and debates in here reducing the chance of people to make better and informed choices

From a link that spinefx in hot copper posted very Relevant and can be used with the link that brombarb used http://www.petroleumnews.com/pnads/42282314.shtml

Brombarb great link fella just read up on this little beauty that explains all the NEW technology for seismic date, cure logging and a whole lot more.. if this is used on winx for sure they would of seen clay and water know doubt about it before drilling...exciting times ahead one for 88e wiki http://www.petroleumnews.com/pnads/37939864.shtml

This should be good for OCT/ gis https://uk.investing.com/news/stock-market-news/alibaba-files-for-hong-kong-listing--bloomberg-1895540

Hope this helps some on here new too the oil business... https://www.lexology.com/library/detail.aspx?g=da423e16-5bba-4db1-9535-2e5867b5ccc6

Yep best of luck to you old dad ... some of us in here do care ... hope in the next few weeks we can pay off the mortgage or buy a holiday home or new car...

Jiddy I do love your continuous optimism like some one said over the weekend we haven’t flowed conventional it’s only 3-D inversion as good as that is we are still only prospect ... the risk then is on the buyer ... Dave would have to do a stonking deal to get maximum dollar proving up somewhat our resources and our prospect leads ... fingers crossed

Is that 99.99 % of us know jack turd about anything

https://oilprice.com/Alternative-Energy/Renewable-Energy/Renewables-Are-Set-To-Outprice-Oil-Gas-By-2020.html

https://www.worldoil.com/magazine/2019/may-2019/features/understanding-the-structure-of-complex-flows-to-optimize-production

Fracking solutions 70yrs on https://www.worldoil.com/magazine/2019/may-2019/special-focus/going-with-the-flow

EOR rates using nano tech https://www.worldoil.com/magazine/2019/may-2019/features/enhanced-oil-recovery-improved-by-nanoparticle-induced-crude-swelling

On the loose ..... shame the hecklers and boomers are out in full bloom... oil search paid Armstrong $400 million for 125 million barrels ..... 88e have 2200000000 that’s 17.6 times more and some on here think we should sell ALL for LESS than Armstrong deal... some are insanely crackers

Part 2: As part of a structured sales process, an indicative offer is usually prepared based on the details provided in the Confidential Information Memorandum (CIM) and after several management meetings between the buyer and seller. Following up this offer, the target determines if the potential buyer should enter into the second round of the sales process, which would include site visits and access to the data room for more in-depth due diligence. In order for the seller to vet the likelihood and ability of the buyer to close the deal, an indicative offer should outline the buyer's plan for funding the transaction. Keep in mind that even after the indicative offer is signed, it remains a non-binding framework. In other words, nothing is agreed and there is still a significant amount of work to be completed before closing the deal. Until the purchase agreement is signed, additional information about the organization may be discovered, especially during the due diligence process, which might impact the terms of the initial indicative offer. The value of the target and structure of the transaction may be renegotiated or the deal may fall apart if negative information is uncovered during this due diligence process following the indicative offer.

Part 1: Definition - What does Indicative Offer mean? An indicative offer, also known as a letter of intent (LOI) or non-binding offer, is the term sheet used in a sales process which establishes a contractual negotiating framework between the potential buyer and the seller as they work toward a definitive purchase and sale agreement (PSA). Through this non-binding document, the potential buyer expresses an interest in acquiring the target and commits to good faith negotiations while ensuring the confidentiality of the process. The essential components of an indicative offer include: The purpose and structure of the transaction; The determination of a price range (or at least the method for determining the purchase price); An explanation of the payment terms and any non-cash consideration that is being proposed; The anticipated sources of financing and the timing and steps required to secure such funds; A timetable of negotiations stating the length of this process, the period of due diligence, and the expected closing date; and Additional clauses that may need to be included such as a non-compete agreement, an exclusivity period, or the expectation of further involvement by the owner after selling.

Found this video about rich/poor in Hong Kong very interesting hope JG knows that the People he has Targeted to invest do you have the money. If all goes well the Hong Kong office should do amazing https://youtu.be/EUHDAfD0Z-Q

As Dave pointed out loads of times if the MM don’t truely value 88e the oil majors will that is what we are aiming at and I hope by law the MM WILL comply when we re-rate the sp... dazzle

HRZ/Unconventional Q Is the HRZ unconvential play still the number one strategic priority and where do the other various plays sit in the strategic stack? A It is still number one as at today. Q Why did IW2 fail to flow at the hoped for rate? Is it likely to be down to clay content and the shut in? Would a nitrogen or CO2 frack be an option in future like they have started to do in the Marcellus shale? A We are working on the answer. We have some ideas but don’t know definitively yet. Other solutions are always options – just may not be viable due to cost. Q Despite large pressure reading down hole we lose pressure extremely quickly once the well is re-opened. Do the team have any idea why? Is the frack design still regarded as a success or does the team now feel that something has gone wrong with the frack. A This is typical behavior post a frac – we have created a “super charge” that needs to be drawn down. We still view it as a successful design – we are re-assessing everything at the moment. Q Ref. page 11 February Presentation Did we resolve or gain any greater understanding reference wettability and Pyrite levels during the period the well was open? A The jury is out on wettability and we are working on some more sophisticated (new) techniques to understand the impact of the pyrite. Q Given that the team employed to advise and vertically frack have not succeeded in communicating with the reservoir is there a case for fresh minds being employed for the horizontal? A The team employed to design the frac did not recommend a vertical – that was largely driven by Paul due to the uncertainty we had about the upper HRZ (88 agreed with Paul on this – in hindsight we probably would have made a different decision).