Member Info for Ddraig

Whoopie 25-26...down from 40...so -41% is overcooked but -35% is about right...whats this story... Goldie Locks and the 3 bears?

11.08 - Quality 1st 88E post...well done on value add for this

10.13 - Wrong...interpretation or Talitha, Alkaid-2 in the summer...sorry but you're ill researched and therefore stupid

They have a presentation and will have interpretation in the coming weeks like us. The well will be interesting for them and us from a data/insight perspective but will take time. They didn't have a ramp before the results so its pretty poor that they were cut in half, they have already said they could have 5 discoveries in that well over 3,700ft...interpretation is everything...AIM participants is the actual problem...

With hindsight maybe they should have focused on that rather then drill the over pressurised Kaparuk 3 times...left the K till they had time to review the data and test 2022...I think it was a sub optimal management call...

The RNS is vague, maybe the presentation will provide more but I thin k their comments the SMD is better than first thought and the Kaparuk is better to the south east is on the face of positive for our acreage but will depend on the detail from the analysis.
lets focus on what merlin can come back with...

07.57 - Yeah they went for a Hail Mary on the Kaparuk and F'ed it...similar pattern of good data to gain understanding but no cigar. Alaska really in lots of ways is inefficient due to the short seasons...they do have Alkaid this summer but in general, everyone kinda goes to sleep till December time again...

00.09 - Not possible to know if the underlying people are the same but this is not the same deal as previously disclosed. In that one...ELKO (headed by Erik Opstad) bought 360,000m shares on their own account and their fees for services for Merlin-1 were paid to them in cash.

and its in lieu of cash for contracted services....someone working on the drill is happy to take the shares ATM instead of cash...someone who knows more than us in terms of the drill and oil operations I would suggest seems upside in the share price...

23.54 et al...
Its 44,000,000 share placement...little in the grander scheme of things... AUD 960,000 (implying AUD 2.2cents which was the closing AUD price from Friday...or equivalent of 1.223p in Church of England if you prefer/can't work it out)
Everyone shop flapping...

23.19...diesel...learn to spell

22.43 - So things haven't gone as was described, the joy of life, many outcomes in a dynamic world...we learn far more from what doesn't go our way than what does. A life lead expecting a singular outcome and closing our minds to adaptation is a life of disappointment and regret...each to their own though...

14.32 - Even more reason to just double check you remember actual outcomes so as not to mislead at your own potential detriment, deliberate or otherwise....

09.46 - Thanks Brom...I would have made reaper work for it....so he can understand where he's making errors, deliberate or otherwise.

08.31 - Have a look at the Charlie-1 interpretation from the summer last year...I'm pretty sure they specifically mentioned the HRZ...Can you guess what they said?

16.29 - lol...absolutely, always topped up and I always make sure I have a far faster car than her!

(13.35 - Weeeelll, I for one am not looking forward to a world without oil...no lipstick, hair colouring or tights (pantyhose)...going to make my misses a very different woman ;-)

08.49 - Stranger things have happened (although as I've always stated from an 88E shareholder perspective it would be better to have another couple of successful drill seasons to get far better value. But from a major we have a lot of data they could take a risk on:
- derisking of the HRZ at Charlie,
- the Charlie-1 reinterpretation of Seebee and Torok,
- Merlin-1 (whatever that looks like),
- proven Umiat,
- central leases (dependant on imminent PANR news)
- potential Yukon consolidation and monetisation (link to Erik and ELKO to get that ball rolling sooner rather than later?)

08.23 - I think the think the same in terms of next steps with respect to Harrier and Merlin revisit. And as you know I'm not technical enough to know how much good news they could be confident of for that reason and the fact we don't know what data they actually have. I do believe for both 88e and any outside interests its preferable to at least get through the 2022 drill season as suspect any interest right now would apply a heavy discount to value given the still material risks and unknown with respect to the play.
I think the duck scenario was a quote in Petroleum News citing a PN 'source'...whatever that means - but think the odds are is wasn't DW.

11.33 - No need to read history, witnessed first hand and memory is pretty good