Member Info for Monstersaurus

Thanks Jof, some good info there too!

Thanks for the feedback Fadec and BS15! I’m hopeful of what you describe Fadec but just want to feel more informed as BS15 highlights.....hanging on for good news :)

Have the company ever provided any assessment, based on any scientific evidence, on the resource they think we have in place? “It is important to know what is the size of the gas deposit you have discovered, because when you drill a well into the subsurface and find gas, it's as though you have this huge mass of [material, like a haystack,] and you have one needle, one long needle which goes down and gives you some information, but how do you know the size of this haystack?" Seems we have one needle and no further evidence to support how much we have and how long it will flow...!?...and no updates on getting drill information from the other well being drilled nearby.

In what way Noodle? There was direct reference to three projects that will provide revenue back to the company; Nitrogen (significant progress), Water and ED (states that it will return extra revenues in December which suggests they’ll begin flowing in December), together with highlighting that more updates on other plays on 13th December - I assume; DTU, CO2, Helium....and maybe WD (if not completely snookered). Just wondering how you read it as opposed to how I have?

I’ve always used 6.4b shares as the benchmark for my calculations Rosso and, as you point out, things are looking still very positive with only 25% of our Icewine leases with modern 3D. Current total to 88e across all leases/partnerships = 2.445 billion barrels + HRZ.

Thanks Rosso, suggests everything still on track and some additional upside at Yukon? ‘the Company’s total conventional net mean prospective oil resource is now 2,445mmbo. Further it notes that the: - Yukon leases main resource is 90mmbo, with the cascade lead upgraded to prospect and additional prospectivity mapped with Staines Tongue Topset Play; - Project Icewine net mean prospective oil resource is 2,211mmbo, with the farm out process continuing as planned with a deal targeted prior to year-end 2018; and - Western Blocks net mean prospective oil resource is 144mmbo, with stacked Brookian objectives including the Nanushuk Topset Play and the Winx-1 well is on schedule to commence drilling in February 2019.’

Signs, from all media and company communications, are looking positive on the farmout front and suspect the terms of the deal will ultimately be the factor that dictates where the share price will be before the turn of the year. Largely the share price will increase based on sentiment and that in turn will be driven by the market perception of the deal made. Any deal done will show a huge confidence by an independent party in the geology and the prospects of success, underwriting the research and evidence documented to date by 88e and BEX. Has probably been covered before but nevertheless a good insight into what’s involved in the negotiation process: https://oilandgaslawdigest.com/primers-insights/farmout-agreements-basics-negotiations-motivations/ VGLA

I remember when I first looked at investing here there was a post where someone enquired as to ‘how many people went to bed timesying up like he/she did’. I’ve been doing it ever since!! Sometimes hard to think positively when the share price is so depressed but the news flow to come has been described by the company as potentially ‘game changing’. I, for one, have a positive outlook and believe that we’d be the unluckiest company in the world if none of our prospects came to fruition in the ‘oiliest place on earth’. I have different outcomes when I ‘timesy up’ but the share price is always above 8p and if successful on all projects, even excluding the HRZ, then happy days!! Thanks to all for the continued research and wiki page. Won’t see the negativity to this post as have most filtered. :-)

That was another excellent link you shared ref CP earlier Brom.

Maybe WA could do a tour around the local hotels in Perth and find out who’s staying 😊

MM, If that were the case (BHP, Oil Search and Woodside) it would create some additional competitive tension and to some degree makes sense, for an Australian company, to keep the net profits in Australian hands.

We do indeed!! :-)

Please correct me if I’m wrong but I’m currently struggling to see what that will support a rise in share price yet: Nitrogen - have flow from a previously plugged well and although flow rate and purity is all good, I don’t think we can quantify what we have in the land we own. Still awaiting feedback from a third party company on their drill findings. CO2 - again nothing proven up, I don’t think, and no independent reports to validate/quantify what we’ve got. DTU - hopefully a lot ongoing and with the nitrogen that we’re currently getting making he costs a bit better but unless there is a mass adoption then this won’t make much of an impact any time soon. ED - supporting our ongoing costs and other operations through revenue from the True deal which will hopefully increase with the success of the new wells. WD - promises to deliver full value as we’d hoped from ED. Uranium - back burner.

Seems to be that, in the ‘oiliest place on earth’ and guided by modern 3D seismics that everyone is hitting their conventional targets. ...

Link below to the Alaska Journal. Courtesy of an interview with the Department of Natural Resources Commissioner Andy Mack: “I think what we see is the success rate of drilling wells in the Arctic is really high based on modern technology, really good seismic data, the fact that they’re starting to hone in on the Nanushuk formation. It’s incredibly good news for Alaska,” Mack emphasized in an interview. Link: http://www.alaskajournal.com/2018-05-23/successful-slope-season-stirs-optimism-dnr#.W2VxVRbTXYU

That he’s a **** and filtered immediately...

C02 also been in the news recently due to shortages for the drinks business and prices escalating....

Hi Dazzle, good reminders of what would constitute success - think at the time of the presentation the average price of oil in Feb 2017 was $54 per barrel. With the price currently firmly in the mid $70’s and tending towards $80, does this mean that flow rates of above 60 would be economical? ....not that I think this will be the case, however worth consideration. No matter what, the oil is there and IMO we (or someone else on our behalf) will get it out after this test phase!!