Member Info for jiddy123

POO is on the up, and IMHO most investors believe that the FO will happen.

2.2B barrels net backed by 3d inversion

We will let the preferred bidder decide whether 88E has oil - c'mon Dave, let's have the deal!

GLTA genuine holders.

Surely DW will have a back up plan if the FO falls at the last hurdle.

He will have put other preferred bidders on notice should "numero uno" fall by the wayside!

Due diligence works both ways, and the preferred bidder would have been chosen for a multitude of reasons.

C'mon Dave - you have worked too long and too hard for this NOT to come to fruition.

TBH, I am surprised by the lack of SP movement since the AGM Presentation!

This could happen at any time - "Farm-out process: preferred bidder selected, indicative terms agreed => final due diligence and approvals underway prior to documentation and execution"

GLTA genuine holders!

Icewine Conventional upgrade to 2.2B net was announced in an RNS after 3D seismic conclusion.

DW commented on this positively, although as you said it was rather ignored by investors.

Perhaps that is not a good idea Brommy, given the spelling capabilities of a lot on here!

Apologies to Hu11 - D45.

That was BEFORE the statement in today's Presentation Hu11!

I totally agree LM.

The Data Room has been open since 2nd July, some nine months ago. Prospective bidders would have looked at all aspect of the project and its potential. Don't forget, 3D has revealed 2.2B barrels on 25% of our acreage. The prospective bidder will be looking at a 5-20 year plan, weighing up profit v cost, POO and DW's terms.

When I spoke to Steve Staley at a London Presentation, he said that 88E's potential was akin to Cove Energy. Perhaps that potential will soon be realised.

GLTA genuine holders.

Would anybody care to tell me which part of the statement below means that an FO will NOT happen imminently?

"Farm-out process: preferred bidder selected, indicative terms agreed => final due diligence and
approvals underway prior to documentation and execution"

What has actually happened Hu11, is that a Presentation has been issued and an FO is imminent bar the shouting!

The prospective resource is HUGE and de-risked by 3D inversion.

That is ALL I need to know.

What do you think we are paying DW for minime?

He has always said that he will not let the company go for peanuts. Have you ever been involved with Buying and Selling? Even on the simplest level, an asset is worth what someone is prepared to pay. There were MULTIPLE high quality bidders in the Icewine process, meaning that the FO price would have been driven up by demand.

We will find out the contract details very soon - then all of the trolls will conveniently disappear!

Thank you for your observations Captain Hindsight!

End of Q2 - I must have missed that in the Presentation D45, silly me!!!

MAKE THE MOST NOISE Brommy!!!!

* The Conventional Icewine asset is 2.2 BILLION barrels supported by 3D inversion
* 75% of prospectivity supported by modern 3D on JUST 25% of acreage of Western Play fairway

This is why the FO will happen very soon - the potential is massive, and big Oil Companies want new finds!

1.3p - what a joke! If you move the decimal point one place to the right, then you might be closer!

GLTA genuine holders.

"With no Farm Out" - have you read the Presentation at all Hu11? We have cash in the bank, so no need for CR for months!

This is the reality "farm-out discussions continue to advance towards close, final due diligence and approvals underway prior to documentation and execution"

Scaremongering at it's worst IMHO.

We are ALL expecting an FO with a Tier1 entity.

Is DW going to deliver?

Not long to wait now mes amigos!

The OSH/Armstrong deal was founded on POO @ around $50 per barrel.

Economic conditions are very much in our favour.

Keep the faith brothers and sisters!

"WHO knows is there even a Bidder?"

Are you related to Equagold by any chance?

Yet another poster to add to the list!