Member Info for LeMajor

Milowe, your attempt at raising doubt is swamped by DW (and his miriad of associates) ability to raise my expectations.
There is risk associated with reward, and often, the greater the risk, the greater the reward, but as time goes on our time will come. Alaska is a unique environment and timescales are very much shorter in other parts of the world, but we are sitting on source rocks that have sustained many oil reservoirs, and we have discovered a few reservoirs ourselves. We are soon to prove the viability (or otherwise) for seven stacked targets, and I for one believe that at least a couple of them will hit paydirt and make some of the marginal targets worthy of inclusion.
I am reassured that Premier Oil, as well as Burgundy, 88Energy and the various external advisors of all three feel the same way (or so it seems to me) - but if you want guarantees, this is not the place for you.
I can only surmise that you are here to make money, but your constant negativity suggests you wish to do so off the backs of those nervous nellies who listen to you.
Predators are a fact of life, those that do not realise this will fall foul of Darwins theories - that too is a fact of life.

Two many.

cat, The Wizard from Oz will provide one.

There is. It is called Alpha, but it is at the North edge of FB, so needs a horizontal or diagonal to get to it's heart.

Absolutely, it is a retrospective summary of the last quarter, plus a financial statement on the position at 30th Sept.
As you said, it did mention the plugging of Icewine#2 - we knew it had to be done but now we know it has been.
Time to go, things to do.

Hu11, I think 8p by Christmas is a bit too optimistic (maybe 1.4-1.9) but by Easter it is a possibility.
It does not pay to be too specific as there are a few predators here who will bay for blood if we only reach 7p, but as long as we get some good flows (and with 7 targets and a chance of success above 35%, I'm hoping for 2 good 'uns and a couple of moderates). That should give us a lift, and maybe settle us down at 5-9p. I think we will need a second winner (say Yukon Gold) to push us beyond 10p though. Once the sp has settled, and assuming we are deemed to have a valuable asset against which we can borrow, I would not be surprised to see plans in place to cover both Winx#2 and the Central and Eastern fairways. If we do need to supplement a loan with a CR then at least we will be raising from a higher baseline, and by then have some institutional investors behind us (possibly taking up the whole of the CR next time as genuine LTH's).
It may be wishful thinking, but the key events are flow rates from Charlie, so we can chill out until April.

Unlike previous Soph sales, this time shares were kept to a minimum, and the prospect of a multi-bag within 6 months is quite high - so rather than recycling the cash 3 times to make 30% in 6 months, maybe they wil stick with us for 300%.

Unlike previous Soph sales, this time shares were kept to a minimum, and the prospect of a multi-bag within 6 months is quite high - so rather than recycling the cash 3 times to make 30% in 6 months, maybe they wil stick with us for 300%.

Spinefx, I'm sure you are correct in the suggestion that the bulk of the last take up was via Aussie Sophs.

It means lse have calculated the sp incorrectly.

Too true. If money was not a problem we'd be 2 years ahead already. No idea if 2025 is on the money, just that we have a few more years of proving up time to go.

5laws, be careful what you wish for.
All we need for £2 is a rise to 20p, then a 1 for 10 consolidation. What most of us want is a rise in the value of company assets in all four project areas. Each one could give us a rise of 10-25p depending on the estimated OIP, percentage recoverable and flow rates all heading towards maximum values. The POO in 2025 could be at $85/barrel by then too. There are too many variables like quality, royalties, transportation, competitor interest, etc. for the sp predictions to be more than wild guesswork but we are so undervalued at present that I will stick my neck out and say " we are poised for a substantial rise".

15F is about -7C.
The permafrost is always there (surprise, surprise), but we need the swampy ground above it to refreeze in order that we can get equipment to where we need it. That top layer above the permafrost is what prevents exploration in summer, but should be frozen enough by mid December to start ice road construction. temperatures have to be sub-zero during night and day for that to happen (though nights are much longer than days up there anyway).

I should add that getting to the stage where we have a steady income would mean moving into production - which is not a stated aim. The endgame (at present) is to prove we have commercial reserves, sell and move on.... that is what explorers do. Those objectives could change over time, but not for the immediate future. Patience and longsuffering still required.

All sp predictions are guesswork. As anyone who has been here a while knows, this share value is not founded on bedrock, shale or even saturated sandstone, it is built on a good story mixed with sentiment. During the final stages of the drill we will probably be getting results from the shallower deposits. If they are good there will be a scramble to get on the ladder for the many who practise brinkmanship. If that is the case, the sp will spike - I would guess that could be as high as 8p, but YGIAGAM applies. Only when we have a steady oil based income, sufficient to fund operations, will calculations become meaningful. Until then it is all vapour.
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ASX up 4% and Chi up 8% - but these calcs only go to 1 decimal place so 1.345c would be rounded to 1.3c.
Almost 79M traded, so a full 24 hours could go above 150M by close on AIM.
Looks like the news is finally sinking in.

I stand corrected.

The chat counter seems to be wild today - either that or my "filterees" have been filtered.

The chat counter seems to be wild today - either that or my "filterees" have been busy.

Test

Wind? Winx !