Member Info for Reaper007

08.30 - thanks Brom :-) VGLA

22.22 - really? Why - on what basis? Evidence?. Is this poster inside informed? 'Interesting' previous posts; reads better on other boards - why arrive here? VGLA

V111JAS - well, well :-) :-) VGLA

22.27 - oow, you is so naughty(!) Don't know about dates but the irons that are now in the fire imply that the next revealed action could define: present situation: how highly (or otherwise) we are currently regarded; how much control we retain; pace of derisking (small numbers of wells or hundreds); sense of our portfolio - conv/unconv; some new info on our current 'volumes' (last was before 'seismic' shift in our acreage(s)); up-to-date perspective on ratio of us as 'explorer/producer'; how we relate to original vision of 'Unconventional, prove up, sell; etc, etc. Could go on forever (not going to!). Bottom line - current portfolio presents unlimited possibilities - where are we going? As ever, VGLA

16.35 - really! Why? VGLA

Newanda and V111JAS - thanks for constructive posts. Taking the latter 1st - good point to add but also not clearcut. At present, conventional exploration is limited to winter and ice roads etc. However, unconventional expl is limited to warm months - possibly a very useful dichotomy. But all will change in production as these limitations will alter. Newanda's work is a lovely summary. My only initial observation regards '- IW2: Failed to flow (debatable if full failure or not) - Winx-1: Failed well' : in both cases imo the critical issue is DATA. With respect to IW2 my feeling is that 'flow' just became the mantra because, at one time, people in the company thought it would flow as a vertical well and (probably erroneously) let the market focus on that easy-to-understand measure. Later, geology upset that. But what amazing insights from only a 2nd well! How many did Eagleford need? (We benefit from that experience and can expect a much shorter lead in). Now, we have a huge quantity of data from IW2. Also, it might still be possible to use that hole again for lateral(s). DW was quite clear about the data from Winx - seems valuable too and the location of that well looks imo very much to try to investigate the wider status of those Western Leases. Thanks again to N & V and I hope some food for thought in my own reflections. VGLA

Many views published and lots on which to reflect. Personally, I think the business model - find, prove, sell is not the current plan. The diversification programme has pros and cons. The former is obvious but the cons do need considering. A wider portfolio will attract more up front costs. 88e has a small employee base and breadth of 'things to consider' will meet inability to action. imo this is very evident even in our current 4 distinct areas of activity. However, this has always got to be evaluated alongside our ENORMOUS asset base. We have capitalised on low PoO, sluggish investment, etc, etc to amass extraordinary opportunities. 88e/Bex considered options and maximised position(s). These are far in excess of situations which could have been envisaged in earlier times. So, VAST tracts to semi- prove/sell on, options to sell parts of subsidiary companies, projects to advance to production, new acres to acquire, hostile bids for ALL to consider referring to us. In essence, the broadening of activity has increased number of options exponentially. AIMO. VGLA

18.23: interesting post. I shall look out for next contribution(s). VGLA

21.08 - is this a surprise? Why ever petrol/diesel/hc transport? Basic physics about releasing stored energy and carrying the stored energy on the move in order to continue movement. What is currently the most concentrated 'safely mobile' source of reliably releasable source of energy? VGLA

Very interesting 'long weekend'. Looking forward to Q2 and H2. VGLA

Thanks Spiney :-)

On this occasion E.T. seems to have called it right (to what end?) - 'A good debate'. A good deal of our current potential/history/finance/aspiration has been covered. For one, I'm reflecting on All. However, it might be worth retotaling up our current 'assets'!!! Still have our previous humugopolos adjectives at hand :-))))) VGLA

08.30 - TITD: what a lovely Easter post. Mickey and your good self in same upbeat contribution. You always give the board a lift :-)) VGLA

07.44 - totally agree about the cut and paste. It puts new news in the current context and saves us all having to piece together multiple releases - a triumph of presentation as observed! VGLA

Hi V111JAS - enjoy all your posts; hope you are faring well on our journey. We seem to be welcoming a new intake - at least it is not as predictable as a new school year. All very best, as ever :-))

21.22 - my humble attempts to help out over the last question without, in any way, trying to understand the thinking being employed by Tier 1 oilers : original post annotated VGLA:  The best time to buy is when the price is cheapest, [is it?] if you understand the risks [what are they?]. The risk here is higher [than what?], but we are in the oiliest place on earth [how do you know this?], we have a huge acreage [compared to what?], and they will have thirty years to maximise their return [unless...]. Waiting will therefore cost Tier 1 oilers more money [it might- in your opinion?]. Have I missed something?? [yes??]

Good to see our 36% interest in Western Leases 22,711 acres earned from Winx-1 activity. Also, 'The forward plan is to further evaluate and integrate the valuable data acquired at Winx-1, reprocess the Nanuq 3D seismic (2004) in order to evaluate the remaining prospectivity on the Western Leases including the Nanushuk Fairway potential.' To me, this revisits part of the strategic approach to that well. AIMO. VGLA

12.10 - CBS. The well drilling is, in effect, what is known as 'creaming the curve'. When PB defined that term (after presentation, not recorded but heard by a 1/2 dozen posters on this bb) I immediately felt we shall not get that far (probably a buyout or whatever beforehand). Now we have a broad porrfolio and I feel the trick is to find a balance between dealing too early and dealing within a realistic time frame. The longer time frame needs money and retention of control - both are tricky issues. Hence, imo, we shall ultimately get just so far towards the optimum value point. Sorry about the undocumented PB reference Brom! VGLA

No fence taken. Good to see the high horse is keeping you out of reach of dem quokkas :-) VGLA

16.03 - Islayman: you have quoted directly from the presentation transcript on 88e wiki and it is as I remember hearing whilst sitting there. That quotation is tantalising. It does seem reasonable in the context of that presentation - in view of those attending (including PB/Bex and SS/88e ) - that the 50-60p was at least 'an order of magnitude'. So, at that time converting risk into a monetary value, DW uttered 50p ish as a discounted valuation SP for 88e. Since then, subsequent dilution has been greatly offset by the volumetric increase of our potential assets and PoO is resilient. Does that 50p~ish look tame? There are lots of things to consider and, In any event, it seems imo much less likely now that the whole company will ever be sold voluntarily as a single entity. Then, as DW has repeatedly asserted, a FO is itself another form of dilution. Also, it is amazing that we retain our current level of corporate control but FOs will reduce that. Nevertheless, in the interview 20/03/2019 around 11 mins, DW refers to SP adding events to come. So, the only certain(ish) problem here is making sense of this for us humble pi's and so, as ever, VGLA :-)