Member Info for LeMajor

In the light of this CR, the BoD will probably get a rough ride over the incentive scheme proposal.

If the pull out = if they pull out.

This will strengthen DWs bargaining position with FO partner. Our cash position was OK, but if a partner backed out we'd be between a rock and a hard place. With the extra cash a partner will see that if they dump us we will not sink, and could possibly go it alone - in which case the boot is on the other foot. That is, if the pull out and we are successful at the next stage then it will cost them even more to buy in later.
This is not good timing for me, but ifc we swallow the medicine now, it will have a significant benefit going in to FO negotiations. A better deal will raise the sp much more than the CR lowers it - should be a good Christmas.

Got Aquagold on filter, but just been tipped of that she is not happy with me, so no Angel Delight for her.
I thought she'd been cremated - clearly a bit premature.

Well, I made a sherry trifle, with raspberries yesterday, and just put some sundae glasses into the fridge containing butterscotch Angel Delight - so how about "How to make my favourite dessert".

I'm always the last to be told these things - as long as my sovereigns are worth something, I'll get over it.
Importantly, 88e has debt covered by SoA.

Can't get back into the BB, but saw a filtered posting before I logged back in. It does not matter that gold has been sold, it will exist somewhere and there will be a trail of promissory notes (i.e. a paper trail) all the way to it's current location) - I heard that most of the gold in Fort Knox is gone too !
It is probably in N. Korea for all I know.
As for the term "underwritten", it's a fair cop - I should have said "enforceable" by the fed - no way would the USA legal system allow SoA to default on a loan - especially as they are sitting on a huge pot of oil generated funds. SoA are just playing for time at present - they want to pay the rebates out of ongoing oil royalties rather than dip into State Reserves, and they are using the inevitable delays in the legal system to slow everything down. I have said enough on this subject as to say more will just perpetuate the argument rather than nip it in the bud. no doubt 128K will want the last word, but I would challenge his opinion that "debt" is the key word, the key word is "contra" -"a contra entry is an entry which is recorded to reverse or offset an entry on the other side of an account" - in effect this means that the debt is counter balanced by a credit.
128K's argument is one sided, and in fact we have a credit note from SoA (an IOU) linked to debit note from the bank (a secured loan). The net results is virtually zero (the credit value is actually a bit more than the loan).
I don't know where the other postings are gone but I'm going out for a few hours so the reply is now or much much later - either way not hanging around for lse to fix the probs.

I like that address, considering they own 5M acres of the NS, and own "Alaska Growth Capital", thay will have access to land and cash - and if 88e can prove the viability of commercial oil extraction, even more cash will be made available to them via other capital investment companies. This could work out very well for us as DW would potentially have an option to borrow funds for exploration/production instead of further dilution by partnering - until we get to the final stage with a major producer. I am not expecting much news this side of the GM, but from mid Oct to mid-Dec, we will have a bit more excitement than the last 12 months.PoO could easily surpass $85 this month too.

Good news on both Anns. ASX up 5% soon after - hope it holds.

Holing=hoping.

128k, you post the ramper characteristics, but not the damper equivalent. Obviously rampers tend to be shareholders holing to wind up the sp, whereas dampers such as yourself want to wind down the sp to buy in cheap. I suppose you will sritch tack once you've bought it - I look foward to a new tune.

128k, you are so obtuse. Argument for arguments sake is a waste of breath. I suspect unconventional is about 20 % more costly than unconventional so not a huge amount more - but a lot more effort goes into analysis and design.

Indeed D45, PB's primary talent was to locate the sweet spots. He spent years researching and analysing to get there and without his expertise we would not be in Alaska sitting on an oil lake. But once ha marked the spot with an X, he handed over the reins to the engineers to design and then execute the drill. That is not to say he had no involvement, I'm sure he sat in the navigators chair and kept everyone focussed on the path to glory. Patience D45 -' take a chill pill - news due in Q4 and my guess would be end of Nov for FO update, though 3D much sooner.

SoulDoubt, only the Icewine2V well is shut in at present. Alaska regulations dictate that it is prepared for winter each time any well is shut-in. The company is open for business aĺl year round. There are four ongoing projects and the seismic analysis is due soon, plus of course the GM due in a few weeks and permits for the Q1 drilling programme already in progress - and all these running parallel with farm out negotiations. No peace fot DW at the moment.

I hope we're geared up enough to cover some large orders. Would be nice to be notified of a customer requiring "X" units to be delivered every 3 months for 2 years - sustained income over a couple of years from half a dozen customers would be preferably to a supersize one-off order. Bosch & Harley Davidson would be able to do that, hope we can get a few others with similar status to come on board as well. Anytime before December would be fine by me.

Moneyhawk, GALP is a dead horse that people wanting to "stir the pot", seem to dig up and poke with a stick, once or twice a year. Probably done to frighten new or potential investors - the LTH's would have heard the same old, same old many times, so have immunity. If it was challenged in a court of law, the legal expenses would outweigh the penalty even if it could be proved that it still applied. If the law of limitations is 7 years, we are getting close by now, in any case. Gotta go.

Brom is The Man for research, but I remembered that DW had a "pub night" at one of those cities (got a former colleague in both). I dgid not expect the sp to start twitching until after the GM in October but if we do have a covert buyer that's as good a reason to start heading North as any. Got to do a bit of diy now, will catch up later.

Hard to imagine someone "ghost writing" scripts for trolls - but if it's good enough for Corbyn who am I to challenge it.
I recall the story from Chillaxed, though not his name - could have been Melborne or Brisbane gathering. The memory is fading.

Interesting point that it's 5% whether individual or a group of associates.
A bit accademic for me but not sure whether at 5% the holder gets any priviledges or constraints. Too much paperwork for me to trawl atm, but maybe someone from HC will know.

Sorry, 128K, just saw you got there ahead of me - trying to catch up but reading down the list (most recent first)