Member Info for mikemike

today is when SA convert to Kibo energy. After this the internal/infernal housekeeping is done. What ever could be next:)?

He reminds me of a lefty coated biscuit

Just gives the yukon gold a shake, the oil can now just slosh around a bit

last gasp trade of 1 is just the mm balancing their end of week positions

Phrontist

i am not sure what remains of your brain cells. if any. Negotiations will be conducted under a NDA, a project manager of any competent level would know this.

As future funding will be determined by the outcome of such negotiation, it can hardly be regarded as credible for the BOD to start to leak information on future finance. One of the key strengths of this BOD has been the ability not to leak.

I still fail to understand why you are invested here, as you clearly have no faith in the BOD or their approach . More importantly, they are ignoring you.

I am looking forward to 3p if for no other reason than you will have got your sell price.

sod that wheel out the howitzer:))

Perhaps you nee to ask yourself a question

why are they doing a farmout? from there you will answer the rest of your questions.

I suspect we may see the new web page go live on Monday when the SA guys meet their deadline for the name change. I suspect that will be the last piece of the internal/infernal housekeeping that needs to be done and dusted.

Then its down to PPA/SML for MCPP and ML for MCIPP. Which one will come in first? will this be a sweepstake/:))

I genuinely do not believe that a debt free business such as Kibo is understood in terms of valuing 3 projects, albeit they are at different time cycles, late and very late cycles.

I suspect we may get 15p for phase 1 mcpp as there is a lot more equity in issue. If 15 p is the multiplier for each of the three projects on a phase by phase by phase basis, at least we have an initial figure that will be driven higher by economies of scale. Then the MCPP has coal to sell.
I also suspect that with the success of just one phase coming through any new projects will bring in a premium on announcement, especially if they are late stage.

Next week for the SML? Not sure if there is a scheduled cabinet meting for all three of the SMLs to be presented and approved, or otherwise.

I have always been positive that is why I invested in 88e. I like their ability to think on their feet and be flexible. I would not be surprised to find that they continue to prove up more Conventional leads across icewine as only 1/4 is covered by seismics.

Yes, the timeline may get pushed out and that does not suit all.

I still see drip fed value in this holding over the next 24 months. This will make it a six year hold, I am sure it will be worth it

Phrontist you were demanding that the BOD on behalf of us all should take a 3p offer if for no other reason that your tiny little unresearched mind demanded they do so. My source are your posts.

You have no idea who holds what, Indeed you have no idea at all. the idea that you were a project manager is laughable you could nit manage your way out of a wet paper bag let alone knock the skin off a rice pudding.

You are just another walter mitty. Source, your posts

''Any more suggestions on SP predictions?''

3p so you can sell out and leave the rest of us to get on with it

The drill permits are a formality just look who is managing that process. SOA need the income very badly.

Brom ty for that link

It certainly was not on my radar as i came in after the name change

Is that link in wiki?

1/ E risk assessment and costs of Horizontal, made vertical the default choice. we did not have the funds for a Horizontal.

2/ The price hit 4p, you could have sold. instead you tell the BOD to sell it all at 3p

3/ The new ventures added have de-risked, just as well as waiting for IW2 could be a very long costly mistake.

4/ Industry COS over 20% for a conventional drill with 3D is regarded as a green light.

5/ Yes we could be the first oiler on the NS to hit a sealed trap and find no oil. Then again we could be like the others and have a high success rate

6/ GB have been a muddle from day one. They wanted Shale and found that PB got their ahead of them. Their conventional drilling has run into problems with leases under dispute being the biggest concern. they are a closed company that cannot rely on PI to raise funds. GB requirement on SOA paying 80m$ is and remains critical, that is why 88e, Otto and RMP have managed to get such a great deal

Perhaps when we spike at 3p you can take your investment off the table with 88e and let the rest of us deal with our investment here.

Just the MMs playing 'we win again'' the raise the prices to get the traders out at bid and no doubt will raise the ask to get the new holders in. rinse repeat

They do this every day until the news drops I will not complain, 9% plus per day is not go be sniffed at:)

This deserves two cuddly toys

Phrontist you reply to Spinefx betrays a complete and utter ignorance of what it is you have invested in. The income is going to come from a farm out, this has already been advised.

so the 'how' has been established the 'when' also as it is by end of Q4 in time to drill Q1 'where' into the bleeding bank account, where else!! Ice 2 also has an objective it is called farm out we know the data room door is open how long does data take to be examined ? we are told several months. possibly probably into 2019. the speed of analysis will be down the those examining the data. I think Dw reading your last two posts will shake his head and wonder why he releases the reports, especially the last one that i would expect to be better understood by O level candidates.

Dw knows more about the financing than any of us, to the point where he is not phased about the SOA rebates being delayed until next year as they are not critical to funding this project through its next phases. That tells me that he is comfortable that both data rooms being open will deliver a farm out to fund western block drilling.

Then you clearly have no idea what a plan is, let alone what it looks like.

The plan is to drill in Q1. The plan is to prove and sell up unless the plan has changed which to my knowledge it has not.

We do not yet know who has been contracted to drill or supply support services , Why? because the plan is to bid the contract out. That will be under discussion at this time.

For someone who claims to be invested you really have very little appreciation of what it takes to get things done in Alaska. This is not a case of up the MI take junction three turn off and end of road is the field and X marks the spot etc. This is the wilds of Alaska. A blizzard sweeps in for 7 days...then what!!

Ice roads have to be constructed. The planned start date will be once clearance is given by DOG who will do so once the freezing points under the Tundra have been established. Now try to give a clear start date on that.

I will let the professionals get that sorted Eric the main man on the Tundra will be the one who delivers and he will do that when he is good and ready.

A PI or two trying to second guess the BOD is always fun. You could have raised this as a Q & A. I think the answer would have got more smiles than Monty888 ''cost of a separator'' question achieved. Dw at first was very open to communications on an event by event basis telling us what was going to happen when. this was just the invitation that day traders wanted and they made the most out of it. Result, DW quite rightly stopped giving advanced planning briefs. I am mote than happy not to be given a date at this time Q1 at this stage is good. I suspect by December we will be told that the drill will be at the point in the month like end of February etc but no firm date.

I know the oil will not have evaporated by then and I will have already planned how more cash I will put in and by when, or, if It is to come out.

Let the professionals get on with it and do not cramp them by trying to place them in a timeline straight jacket. They will need maximum flexibility to get the job done in some of the harshest conditions on the plant at the harshest time of year.

The most graceful will be 'see you the other side of 25p;)'

why do I get the feeling that this is going to be the cuddly toy award:))