Member Info for Ddraig

14.19 - Well, hats off to your honesty ;-)....you bulldog!

13.57 - front running is prohibited by regulation and has been for a number of years.

12.43 - Now the real question is how big a challenge is it going to be for you WAaussie? With no more DW what will your posts look like? How long a grace period does Gilbert get before you let loose and start cr*pping on his lawn lllllol

12.09 - I try to segregate my disappointment of no slam dunk success and look at what's been achieved. DW has actually done the job he was hired for (minus that slam dunk) but once it happens, we can then appreciate we have a very substantial asset position to move forward and I think a few might change their criticism. He's small step away from pulling off a huge coup de tarde against some of the bigger players.

It's also maybe worth considering that over the past 5 years we have gained theses assets, yes, yet to be better appraised, but we have them.
Given the shot across the bow from the Biden Administration, we may not be able to acquire more in the future, so its positive that DW was very active in this space historically and that may look an attractive position to outsiders too.
I accept there is a question mark regarding the forward challenge to appraise and develop these assets but what I am more certain of is that if we didn't have them there would be little/nothing we could do about it for the next few years at least.
This is not a bad place to be....we just do need Peregrine to hit or have another option of proven oil to develop.
And this leads me on to the final point - up to now there wasn't the ambition to be a producer (DW always said that wasn't his wheel house), but we heard that that meant selling up. In this case maybe Gilbert is the new captain of that wheelhouse. In a rising oil price environment with reasonable understanding there may be supply issues afoot, again, it might be a positive shift in business approach.
We all can be guilty of focusing on what's in the box but we should also think whats outside the box too.

11.19 - Its a very good point and one I noted. The drills will still be in safe hands.
As someone else mentioned earlier (Jiddy I think), people are making a big fuss but as I explained before, given the next phase (appraisal and development), I sincerely hope post a good Merlin result, the company is well placed with Gilbert and DW can go off and get back to what he's experience in, business/risk development roles.

10.44 -
https://www.lse.co.uk/rns/88E/proposed-placing-to-raise-up-to-a12m-gduccqqitlbb13j.html
Paragraph after the prospects details and a little before the contact information

09.34 - unlikely, anyone involved in the latest placing would weld that sort of influence.

08.55 - and a number of other posts.
He's been there 7 years and he was brought in to change the focus of the company (I wasn't in Tangiers but it had a very different mantra).
And before I go on I accept that the old drums of no success will be beating...and you're right, everyone would have preferred to have at least one full on success in the bag, but we don't...yet.
DW changed the focus of the company and took it from from off shore Africa to on shore Alaska, and then a single asset target HRZ to a multi prospect company. To do that he has had to do a lot of deals, take on a lot of risk and, yes, make substantial funding. That is what he always intended to do.
Generally when you look at companies that hire executives to re-shape a business they'll be there 3-5 years. I've run business transformation programmes and thats a similar timeframe its been a bit longer but in the last 2 years we've picked up a number of other opportunities to give the broad portfolio we have today.
Charlie and the central Leases
Peregrine
Umiat
Yukon and extended track 29 (ANWR)
HRZ
May be other deals in the pipeline that could come out late/post his tenure.
Now the company has a different mandate. It's not about finding extra risk, it's about appraising and developing the risks we have. Again we all want that process to go well but this can be executed by someone else that has the requisite development and production experience.
Business is like anything else in life, it doesn't stand still but doesn't mean change is bad or its forced, its just evolution and I certainly don't think anything smells off.
Anyway, enough of the solid reasoning, everyone will make up their own minds, and should do. From my perspective I'm still comfortable the risks, they haven't changed and hoping that Peregrine delivers.

I guess we're very close to the TD window now, 29 days in including today so news could come any time from late this week to a the following weekend. Apologies if I've missed the detail but I'm assuming they are logging while drilling?

00.01 - I’d say AUD 8-10m some to ensure, as you say, they can drill and test Merlin if applicable, and drill harrier of Merlin doesn’t work. But also they need to fund the company for the summer until they start to gear up for Charlie-2. Remember we also had the Umiat purchase.

23.14 - why does it look like 50% or more dilution? That would be far more than previous pre drill raises

22.59 - hate to say this but point 1 in the RNS states CR

17.03 - it’s pretty poor if we’re relying on data feed errors to classify a blue day lol

13.00 - I'm hoping for the "pole's been in the hole...and its come out dirty"RNS lol

12.43 - There you go....

06.36 - in a month it'll be 100% or 0% lol

18.03 - no fuss from me...innocent observation. Reasoning certainly sounds...reasonable tbh but no way to confirm what drove the journalists comments.

0.52 - almost as high as you are??

Has a bit of already known information regarding Talitha
https://www.petroleumnews.com/pntruncate/746067598.shtml
Although I wasn't aware there was a difference of opinion regarding exploration vs appraisal in some eyes...not that I know what parameters are being used
...."Talitha A, was spud ahead of schedule on Jan. 13. Pantheon Resources, a London-based oil and gas exploration company with working interests of 89.2% to 100% in operator Great Bear’s North Slope assets, describes Talitha A as an appraisal well, while the Alaska Oil and Gas Conservation Commission labels it an exploration well."