The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Trading wise, going to be an outstanding period to buy/sell as we move on through layer, upon layer.
Not sure how many other drills are on offer with Charlies potential, with just on 10 weeks to spud can feel some almighty pushes either way. Am tantalised by an unexpected find at that first layer?!
Many a shareholder will be clamouring for a chance to buy before the lower targets imo!
True, but that doesnt mean a trading halt at each layer. More so, simply in their and shareholders interst, an RNS is released detailing the details of the layer entered.
A trading halt is only released should something OTHER than what was expected is encountered.
Asx has a bit of a different angle in play than LSE in as much as it has a far more incrimental setup. A jump from 1.5 to 1.6 cents means a hell of a lot of shares to turn over. Today we had 23 million shares traded with the current buy at close at 1.5 cents at 19 mil vs a sell at 1.6c at 9 mil shares.
Very positive, with the overal total number of shares at buy of 145 mil vs only 45 mil at sell.
When it moves , it powers through very quick.
A good thing to keep in mind give this drill has 7 intervals of possible pay.
Courtesy of HC. Perspective on just how good a deal this was.
https://www.nextoilrush.com/88e-partner-1b-premier-oil-north-slope-farmout-drilling-q1-2020/?utm_medium=email&utm_campaign=88E-UA17&utm_content=88E-UA17+CID_f4f0372c25d724232571424ad2b0a650&utm_source=SD&utm_term=Read%20our%20full%20article
Hope you dont mind Mr Laz, but was a nice post! 'LOL Doc. Perhaps you should take a deep breath and re-read the ANN. Oil to the West?? Where? I must have missed it!! Sure, there is lots of planned 3D seismic activity looking for signs of oil - but no oil discoveries west of us. North and North-North-West yes...but west? Happy to stand corrected. Meanwhile our little shack in the housing commission has modern 3D seismic completed and processed. Inversion processing of that completed too. Over 2b bbls conventional target/leads/prospects nett to 88e in there. And now we have a 3rd party (of unknown calibre) bidding to fund that hopeful discovery process. Sounds like we are a few steps ahead of that more western acreage in terms of having anything to chase. Serendipitous if you ask me. That the acreage that we hoovered up chasing the HRZ thermal maturity sweetspot (and which remains WIP) should indicate over 2b bbls (nett to us) of conventional prospectivity on the back of 3D seismic. Hell of a bonus to chase. As to the tier 1's having left the building.....that remains to be established. While I would typically love to have a tier 1 FO partner....I'm a bit bipolar on that. Tier 1 partner has less funding issues and also represent a ready made buyout path if the FO deal bags a discovery. However, a smaller (perhaps consortium) of FO partners may still be able to provide the initial funding while leaving more meat on the table for the farmer. Meanwhile, a genuine discovery is still likely to find the right tier 1 to buy out at that stage. But this is all just idle speculation, because you, I and everyone else reading this doesn't actually know what may transpire. And if it funds the drilling of Bravo and Charlie, who cares what tier our partners come from. FY DocI...on two similar property auctions I have recently observed on the same day, one had multiple registered bidders and a crowd of onlookers and failed to meet reserve, passed in...and failed to make a sale later in the day with any of the under-bidders. The other had only two bidders and a small handful of gawkers, and also failed to make reserve, but the highest under-bidder then went on to conclude a good deal a few days later under non-auction conditions. Guarantee you that at the start of the auction, the vendor with the crowd was more upbeat than the vendor with the two bidders. Moral of the story is that it is not the number are the calibre of bidders that make a vibrant market but the genuine interest of the bidders. And here, we don't know enough to speculate. For me....nothing has materially changed with this ANN. What has changed is elimination of some uncertainty as to whether we have a bidder in the room. That's it. An announcement that was necessitated by the earlier extension to Q1 2019. No choice in the matter. Said what needed to be said and nothing more. The only people who could be genuinely 'upset' by this announc
Cheers Des. Am holding a candle on the resource/updip data at Yukon. I suppose news of nearby players and potentialities on all fronts being in that ANWAR zone means a little extra time is needed. Very nice play thou, 90m at present with a fan play on updip to test and we own the play out-right!
Nice volumes on asx aswell with comparison to rmp. News of FO must be getting some excited...that and Yukons update on resource?! Tell you, if the flow reports on the Torok are favourable, tbe FO will be boosted in a MAJOR way.
Our volume is trending higher than rmps over the past few trading days. Feel many are leveraging there bets to 88 for the upcoming FO and Yukon news ontop of Winx. Need to factor that in to bagger calcs over the next month ; )
Exactly, any further drilling or worked planed for winx or follow wells will need major capital and Rmp dont have that. Good for the short term but within a day or so following any final news it will drop rather quick. No further projects. Many will switch camp for FO and hrz, yukon etc.. Good on them for the time being, having a nice ol run.
Considering the Farm out is due in 3 weeks along with the Yukon update on resource, the timing is amazing. Perhaps we'll get something also on the Hrz drilling thats being possibly mooted for July? Campany makers on all fronts my friends!
To put it in simple terms, pending a fully successful; Winx, if you were a major, would you by a smaller share (rmp) or the larger % that also could possibly come with the conventional of Icewine (2b) and the Hrz? Hhmmmm. Im near certain they would find 88s package far more attractive. Not sure how it will go down but know for certain that Rmp will need to raise cash in order to get their house in order moving fwd. 88 will have cash from upcoming FO (fingers crossed). Good luck to the rmp brigade...still believe many will cross to 88 about a day or so following any final good news from Winx to get in on the news from other projects due.