Member Info for Ddraig

Good to have 100% of peregrine back...seems like ADPC get recourse on a number of fronts. Hard to tell if that’s expensive just yet but guess AG will have looked at it against upside on future positive results and either having 100% interest or FO technical support.

At AUD 0.022 (2.2 Aussie cents) so bang on closing price from Friday...no discounts given for the funding which is certainly better than the alternative.

And before the other share mob turn up to criticise...the harsh winter caused operational issues for others through stoppage times and ultimately geological deformation. Those are the risks...and its just very punishing due to the short drilling season...on wards to final analysis and 2022 drill season.

16.06 - Your final comment is salient...its the first time costs have over run and that coincides with a political change environment and a very harsh winter culminating in the operational challenges. PN commentators confirm that these issues are very common on the slope and therefore (I believe this aligns to your view too) this should be looked at the other way round...historically we have bucked the overwhelming trend by operating on time and at or under budget with no operational issues

However I suspect they will still be selling and will continue to do so with size dominated by general market liquidity. The tail is waging the dog....unless material news is released (and I don't mean analysis, data or technical positives) then the share price just doesn't look like it can move from the shackles...

21.49 - Clearly everyone would be pleased to see NO TR1 on Monday. A few weeks without those and some more data - plans for 2022 would serve everyone well. As usual it'll be a long summer but 2022 could be the year that steps this to another level...we can only hope.

08.52 - Probably the best summary of 88E as a whole right now. Because the edition summaries Conoco, Jade and Pantheon cross overs it gives a comprehensive view of Alaska and the intertwining of the major explorers positions and dependancies.
I think I'll save this down as a solid reference point. but also as a must read for any potential investors to understand the potential and the risks going on to 2022 / 2023 drill seasons.

10.31 - oh and as a side note...assume farallon's position is 120m at c.£0.30 (again no one has provided any evidence that they are looking to sell down the lot)...to buy it out would be £36m...how big would the group need to be? going to find 10 people to part with £3,600,000 on this risk? or 72 to part with £500,000?
Thats before you get in to the regulatory requirements and what the parties need to look like to conduct block trades (assuming individual private investors wouldn't be included in the allowable parties). Then there's Farallons position...they know their selling is holding this back therefore even if they had a B/E of a certain value (I'm not being responsible for fuelling uncorroborated whispers)...they are also wise enough to know there is a fair probability that the share price would rise if a genuine equity holder took their risk so they would want some value out of that and I'd suggest it would be a fair premium over current market price...but heh, those are my logical opinions based on a little experience in finance but I can't back it up therefore I suggest everyone sees it for what it is....1 guy's opinion, nothing more, nothing less.

10.31 - You gotta love the internet...like a massive game of Chinese whispers...so someone has said their B/E is 27p...okay so why should anyone believe that statement? On what grounds has any form of confirmation been provided? Could it be complete BS? These are the questions that a few years ago people would have asked...now some faceless keyboard warrior says something posted on the internet and therefore its true...the human race is doomed...

10.48 - Don't argue with him and look on the bright side...whatever he says the opposite is highly likely to occur given previous predictions!!...why is he even on this board, probably because his gravitas on the other share is in tatters (well from anyone who has a brain and self thought.)
Enough...he's not worth my time for typing...

10.00 but at least he's a lovely character....oh wait a minute, thats not right is it..

10.00 - JofH...I blocked him a long time ago....unfortunate character. As you rightly say, Yukon is a very old lease for 88e and Track 29 was speculative. Based on the fact Scot has got nothing right on his own (self proclaimed expert) stock why would he have any understanding here? Crucially
1. he has failed to predict the stock price (its down 25% not up hundreds of percentage as he suggested),
2. talks the talk about finding partners to take Farallon's position (yet to see anything but probability states he's FoS)
3. and to top it off (this is just for you) 26bn OIP ha ha...and he made it clear thats what he expected the BoD to say on resource for Theta West, not over time like Prudoe...
so to summarise,
1. wrong and even the wrong direction,
2. nothing and I'd bet my house never will occur,
3. wrong!
If thats his results when he apparently thinks he knows about something about a stock...and everyone should take note, imagine how bad it would be when he knows sweat FA!

But also should be said that track 29 is a very small acreage and in the grander scheme of things as a percentage of our total prospectivity is very small so whatever happens it’s not of material impact...and Biden is only saying he wants a review. Most oil exploration up there is environmentally sound given strict regulations already in effect and critically the Alaskan people including indigenous groups welcome the economy oil brings.

08.43 - track 29 won in the last lease sale is in the ANWR but this is abutting Yukon and DW had said that even if drilling on the actual land was prohibited, the area of prospective should be accessible through lateral reach from the Yukon NPRA...

13.12 - FO

08.27 - do you already own or thinking of investing?

22.43 - Is Dave retired?
https://www.linkedin.com/in/david-wall-9b217315/
Whilst I think the linked to PANRs find doesn’t harm at all, peregrine and Charlie could only be 1 more drill away from being far more than marginal.
You used to have a foot in 88E’s camp right? But you sold up didn’t you? I might be wrong but that would make sense given your comments.

09.18 - The last 3 months have had some trying posters and that gets quite tedious to deal with. The decent posters here post when there are things to discuss not minor up or down ticks of the share price or random opinions on such with are personal conjecture with little to support or argue against.
With respect to moving forward, we know from historics that we'll have another 4-8 weeks for interpretation of Merlin-1 then it won't be that long till we start getting an understanding of forward planning, given Umiat is a must drill I believe we could get 2 drills next year.
What is likely to be a range bound share then its an individuals choice to stick around, disappear, stand on the sidelines etc (however it might move and if it does there's analysis and drilling planning which may create a positive or funding that might be a negative - although given the ELKO transaction, other service providers and 1 less board member, I think the emphasis to raise funds may be lessor this year...unless they are looking to drill more than 1 well in which case were still ahead of the game funding wise but also that would provide additional chances of success.)
Everyone just needs to make there own decisions over the many many variables and scenarios for consideration. Some will do well and some not so much...like Warren Buffet says "The harder I work the luckier I am" - Brombarb should be richer then an oligarch on that philosophy ;-)

Admire the loyalty, chap...

13.02 - you found AG's garden yet? Hopefully we won't need any freelance work from you but good to have the option....