Member Info for mikemike

With the Wick news it looks like another placing will be needed. Will it be open market or private. I suspect private, if not there may be no shortage of liquidity. I have no issue with another fund raise, the need is justified.

Garry, I do admit That Yukon does have me on the edge of my seat. Vary small acres of 3 D compared to ice wine. yet is going to take way longer to analyse and draw conclusions. So long, we may well be in to the year end land lease auctions for more land that may include leases given up and more local to Yukon. I think we may have something extra special over that way. I know Bromb suggest we look east into the nature reserve that feds may open up. i would not be surprised if we need to look there and in SOA territory. I just feel that if we get the 'farm in' away for Icewine. Then we may well see another huge land lease purchase, Yukon way 100% owned by AE.

Apologies I should have stated this is for the MCIPP, Just in case Lurker gets any more confused.

As LC is in lock down Anyone know how long it takes to compete an ICPR. This was has been ongoing for more than awhile. The bank feasability study can hardly be completed without it.

https://hotcopper.com.au/threads/ann-operations-update.4202305/page-34?post_id=33285745#.WwYO8kiFPIU Just a few idle musings to fill the time till reality is revealed. In the update the wording " up to an additional 4000 barrels of fluid from the HRZ reservoir " is used. In line with earlier statements indicating more than 30% recovery may be needed to get good reservoir contact. ~28000 barrels of frack fluid were initially injected, so 1% is 280 barrels, making 4000 barrels equate to 14.3% . Up to indicates the maximum expected so could be less, based on the original 30% expectation, the remaining 10% being only 2800 barrels In the first flow test over 7 days (20-06-17 to 26-06-17) 13% of frack fluid flowed (3640 barrels). Interestingly giving an average daily flow rate of 520 barrels, suggesting 88e was comfortable the proppant pack could handle the flow rate. https://www.asx.com.au/asxpdf/20170626/pdf/43k5ldvlnydt1c.pdf Back to the update where 88e have modelled the 4000 barrels will take 10 to 14 days to recover, giving a average daily flow range of 400 to 280 barrels. We are also aware gas lift will not be utilized till the pressure build up has been substantially depleted by natural flow from the reservoir. It is not sensible or practical to start injecting nitrogen into a fully pressurized (9000 psi) system. That brings the possibility that in a best case scenario gas lift will be engaged late in the flowback process, if at all. Prudent to prepare for expected case though. In the first flow test ~15% was recovered and in the second ~5%, making the possibility of a natural recovery somewhere between these numbers probable, due to the extended shut in/ pressure recovery period this time.

so how come BP didnt develop this oil find ? please excuse my ignorance . Bp develop an unproven shale prospect in Alaska? Bp undertake this when icewine showed OIP and POO hitting under 30� Bp with a damaged near wrecked balance sheet due to deepwater Horizon , with many world wide projects suspended? Bp not allowed to purchase acres as they are a big oiler not a small venture under SOA guidance. You have a lot of research to do Grasshopper. The above is but a gentle guidance in the right direction. Perhaps BP may take an interest once Conventional gets proved up. That resource was not evident at Ice wine 1,

''the price that the CEO said it was worth'' Arrant nonsense that was the price that the ceo was prepared to place at and nothing to do with value. Did you really buy above the price you stated you would buy at? The CEO wanted the funds and could not risk a refusal. Like most placings on AIm they are giveaways. The question remains, will that price determine future enhanced value with its success ?

''The Engineering, Procurement and Construction ("EPC") (Power) contractual work was divided into two lots, i.e. Lot 1, the Power Station EPC contract, and Lot 2, the Power Line Construction EPC contract. Lot 1 was awarded conditionally to SEPCO III during December 2016 with Lot 2 to be finalised subject to concluding a comprehensive line study.'' Looks like Sepco are convinced this is on

So why do you state 13p bearing in mind you have confirmed you do not know.

peak driving season pricing? https://www.cnbc.com/2018/05/21/oil-markets-worries-over-venezuelan-supply.html

may just be hitting highs due to constraints https://www.cnbc.com/2018/05/21/oil-markets-worries-over-venezuelan-supply.html

seen it done in OZ, huge iron works, in the middle of the outback, No support at all. As for continuous pours, my favourite video is the KL twin towers with the Japanese in one tower and the Koreans in the other racing each other to get tamped out,,,night and day pours no break.

Putting so many people to work not just the constructions teams but all the support service players for food and drink etc etc will probably demand a 24/7 6 day week focused investment in time and money. Very doable. So much so it may be an interesting exercise when carried over to MCIPP

yaki we were not one of the 8. I would like to think we are not one of the 7 in dispute.!1 perhaps this is not our batch of the 3 sml?

what we do not know is the final price a tweak on 300mw or 1000mw. either way if it is not a win win then kibo and stakeholders would not progress

May 31st deadline for SML (this year) Just my over the top ramptastic view of the world:))

Sealion looks good, the other look way better!! I am not sure that PMO/RKH will lead off on anything, they might, just the other assets speak for themselves.

SMl will do a great deal of good to kibo. as it will not be issued unless a PPA is a done deal Why would kibo spend any money on an SML a this stage if it is not nailed on and timley. I also suspect it may be that FC is going to be a lot closer than expected if and it is still a big if they are going for the full 1000mw. Mr market wants certainty at this time that is still perceived to be somewhere around the next corner or two

How many wells can a single rig drill these days bearing in mind the multi drill technology now in place? 8 drills to one well head. How far can each drill go both laterally and vertically. I suspect this is going to get more interesting.

I think the Tg have been identified as making sure they get the best decision hence having to get Sepco involved and upgrading. I am starting to believe that the Tg has told tanesco to be more ambitious as the power situation is too dire to start with 300mw. As a result the PPA is evolving way beyond its MOU remit