Member Info for mikemike

HRZ not HRX

Coopz

the key is ''a farm out'' as opposed to more than one. This points to the Conventional leads that are are already permitted.

Couple of paragraphs down tells us that it will be months for HRX evaluation to be completed That tells me next year for a farm out

Excellent ANN, Even Pi on this Bb cannot be confused...or can they!!

1/ HRZ farm out will NOT be this year far too much data to be analysed.

2/ New Subsiduary for the JV on the western blocks CAPTIVATE. Formalities completed with JV partners.

3/ Data Room opened for Conventional leads for Icewine west Oil search took 8 months to contract with Armstrong and that was after hitting 14 successful drills. Will the data be definitive enough to move a Farm Out sooner than later.?

4/ Yukon timelines for data recovery and full analysis is still Q 4

5/ We are fully funded for now.

Its all good

bits here is the whole Q & A

http://88ewiki.wikidot.com/questions-and-answers

''We don't need any more coal the energy plan only calls for 300Mw at Mbeya for 2024.''

We also do not know what is in the PPA with regards to 'extent' and how quickly this will ramp up to 600mw as per page 12 of the presentation.

We do not know what we do not know. I like to think that LC is several moves ahead.

Ok,

So the new license has to be for energy, no point in applying for mineral license for plain mining. Already identified as Coal. No point in going for Helium, let Katoro sort that out.

How long before we know what we have got and for how much? let alone the specifics of the purpose.

Just nice not to be unsure.

Rolling

On the basis that there is no such thing as bad publicity I take your point. I hope he does not try to deliberately, knowingly and will fully mislead you with posts as he tried to do on 88e.

His excuse when exposed ''I was trying to catch people out''

I would never trust a word he says.

Yes back of a fag packet is what we all do, why is his any better? I trust my own.

The asset value of the JV In Alaska will be huge upon success. Do we really need to have his comfort blanket for something that is so obvious.

sealed traps are regarded as filled to spill, that from a qualified oiler is more than enough for me.

AVB

Any indication of pricing for the lease?

We both know that without Noble this is just not going to happen. Just be nice if Noble did announce a forward plan for their business on a global basis.

http://en.mercopress.com/2018/07/28/premier-oil-outline-procurement-and-infrastructure-plan-in-the-falkland-islands

I am not invested yet, the stock is on my watch list.

the only question i have is re the tender process. the second company being Botswanan. Why would their tender be any less favourable than TLOU? Is this risk a simple 50% COS.Should the other player get the tender, what will TLOU back up play be.

I accept I may not be reading the risk correctly and apologies if that is the case.

Brom you taking the dog for a walk

at 08;30 your time over a decent cooked breakfast

the first semi final

Crusaders v Hurricanes, then at about 19:00 the other semi Lions V warratahs

Should be on sky sports action for the earlier game. or sky Action.

streaming https://www.vipbox.st/ or http://cdn7.crichd.im/sky-sports-action-live-streaming

Bromb,

I believe so

I also think some posters on here never read the Q & A or it was just beyond them

Rollingin

I would expect primary school kids gearing up early algebra to cover the math needed for those figures. ''Back of a fag packet'' springs to mind.

There are some here who like to think they know more about this subject that PB and the drill crews.

One of many of the really good questions with answer

''Q The IW2 horizontal fracture in line with the shale grain as opposed to a 90 degree to the grain vertical fracture is a possible reason for poor reservoir contact. Is this the leading candidate for the flow result from IW2.
A Orientation of fractures is possibly a contributing factor to the lack of connectivity to the reservoir.''

There would have been no guarantee that a vastly more expensive Horizontal drill will have been a success. Both types of drill would have given more ideas as to why success/failure had occurred.

Once the drill had been completed. Science and Engineering takes over until completion. Funding for such may come from success on the Conventional campaign in Q1 2019

Guzzler 6p in Q1 is a fair question.

I suppose the question is what will it take to get 6p and more in Q1

The activity in Q1 appears to be centered around the maximum of 3 conventional drills. Two on Ice wine and one at the Nanshunk/ Horseshoe. If all tree do confirm commercial recoverable Conventional High grade API. Then 6p will I believe be a distant memory.

If we get one Icewine conventional drill and it is good then the value of the SP will be determined by the BE and amount of recoverable oil.

The thought at this time is they are drilling a stacked play. We do not haven the 3d released yet so we are not sure the size of the target. I am pretty sure that the sP will not rocket on data, Icewine has yet to establish a success story, outside of being promising.

The indications from the January presentation suggests that the stacked target may be in excess of 200mb, no BE at this time.

Even we got the low ball Oil search price given to Armstrong = over $600m. Should that eventuate that is where the 6p + price may come from. Equally it could be nothing.

I remember DW talking about the value of Alpha in its earliest days and sticking a post hole in to prove it up. Then POO was close to its cyclical low, still looking at $5pb as the expected API was regarded to be at a high level. Proximity to the Dalton and Taps supporting that thought. One thing for sure is that HRZ is going to take funding we do not have, yet may get with a decent conventional resource being proven.

Once the data room door has been unlocked and the scope of the potential prizes for the conventional are released, we will get our answers.

'' Have no doubt we will get there. But what will the cost be to existing shareholders? Another 15%? Another 30%? At this rate if we strike oil, the SP will only rise to 3p instead of 6p, or some similar comparison.''

Or even a hundred bagger, this in the Q & A has sy till not been discounted. probably something to do with the vast Conventional prospects.
Phrontist as you are so keen on 3p. Can you publicly promise to sell out when we get there and no more posts whilst the rest of us get on with it. Seems fair.

''When do you think 88E will receive its first revenue from Alaska efforts?''

Maybe Dw just decided not to dumb down to,the lowest common denominator, striving to delve even lower. The first will come from the Farm out. Which part of this have you still not grasped.

As for income from production. at this time the plan is to prove and sell up. That the plan may or may not change is still open to consideration.

Phrontist you still burbling away to yourself in the hope that something vaguely intelligent may sprout. You have no idea if the far more expensive Horizontal will have worked.

The science and engineering for both are still be assessed.

Spinefx

not sure if we get the enthusiasm for a sweep stake on number of names and times banned for johhny Turk