Member Info for Desmond45

Brom do you think we will see some actual news of substance soon? Does anyone? How are other LTHs so upbeat? I feel like we’ve been left in the dark after a substandard conclusion to IW2. I have very little faith in DWs ‘farm out commencing’ ambiguous terminology. 6 months ago I gobbled that up thinking that it referred to being locked into talks with potential partners, but after the suspension of IW2 and RNS hastily stating ‘HRZ farm out commenced’ statement, followed by basically ‘think we have enough data to attract a partner’ made me lose a lot of confidence that farm out commencing means feck all. Smacks of desperation to try and stop a mass exodus over a lack of FR. Every time there’s a -> in the presentation it’s just appears to be dressing up the fact nothing is happening. I believe in the project as there’s over a billion barrels of oil down there but the more news we get the worse off we are. Frustrating times at the moment. All I’m seeing near term is a red emporer presentation and quarterly results, followed by a rehashed Otto/rmp further information RNS on the horseshoe drill that’s 9 months odd away. What do we have to look forward to here? -5% a day while everyone cry’s about MM games?

By Friday

Future expenditure post 3D / IW2 to be funded by farm out. The words of DW. Simple as that - time to deliver :-)

Guzz when the Otto farm out was announced the SP went up on that day but continued to slide the following day due to poor HRZ updates

HRZ****

He said tosh because you’re acting like it’s a big sell off today marineville; when in fact BUYS are showing as SELLS. Not representative and used as an excuse to walk the price down. Go figure. News is king - if a farm out is announced on western blocks or the HEZ the price will go down in your logic? Whatever pal back under your bridge

I’d also be a great guy if I was receiving a salary like his! The proof is in the pudding. 1.4p equates to a stale rich tea biscuit. We want baked alaska! Bring on the farm out(s) :-) GLA

The time is right for england to win the World Cup -> the World Cup winning process has now commenced -> time is right to win

Thanks WAaussie, hate criticising but I’m as wounded as everybody else by the last few weeks events. The market cap is in a sorry state right now and with an astronomical quantity of shares in issue, further dilution would be just dreadful, can u imagine placing anothe 500 mill shares at 1p? we NEED funds from a farm out - Time will tell over the next few weeks / months whether DW and co are about to produce an ace from their sleeves in the form of a 3D farm out deal or whether they’ve been bluffing with a pair of jokers all along. Hope I’m proved wrong. At least we appear to have enough side projects to recover losses gradually, I hope. Rant over

Brom Why would they mention the early products are available in June if they weren’t going to release them? And then regarding farm out ‘The formal process is expected to commence mid-2018, based on the early products from the 3D seismic survey. (From April RNS)’ What formal process? I haven’t heard the farm out process has commenced yet have you? The same formal process that began today for the HRZ.. what does that even mean? They Filled out a form? There are no suitors for the hrz currently as it even says they ‘think’ they’ve done enough to attract a partner. Just hope the 3D ‘farmout’ talk isn’t all hot air. My optimistic side is hoping there’s a great 3D FO rns coming but who knows when there’s so little transparency. PIs deserve better tbh feel like I’ve gone full circle since last winter.

2018 has indeed been a pivotal time for share holders. Where’s the ******* 3D

How do you propose to get the FF out whojamaflip? At 30psi?

I consider short term as the next few months of MM induced doldrums unless we see the coveted 3D farm in news regarding western leases or alternatively Yukon 3D news in Q4.

The well will be shut temporarily to build up pressure I’m almost certain, then reopened on a narrow choke or swabbed / injected with glycol etc.. SP is already decimated it doesn’t really matter short term

Hope Dave drops the 3D news on Friday for my birthday. Gonna pick some more shares up as this tumbles. Least it’s a good chance to average down. As Brom says stay appy!

The 3D results which we are supposed to have heard about in June??

Hopefully they missed a 0 off and it’s actually 4000mmbls

Great news!l 20 miles south of qugruk 8 which flows between 2100 and 4600 barrels a day. Boom

Would be nice to be updated saying that the flow is back up to speed. Either that or continue at -5% per day till actual news of substance

Don’t think the SP will start rising until we’ve removed ~30%+ FF. after all we may need more than that removing - anywhere up to 50% based on other plays. Got a minimum of 1-2 weeks of flowing frack juice before the big reveal IMO - not deramping. Love this company, can’t wait for that sweet oil and this is going to boom