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3p was hit DE?

Watch carefully Dark One.....it’s almost a certainty to see 3.5 gone in the next few days, as there is just too much juicy news on offer.

Hopefully we�ll gap up again just like pre CR. MMs seem itchy to do so even on low volume.

Yes I grabbed a few more when I saw your post last year, missed any at sub 1p, but didn�t stay there too long.

The three year demonstrates our story beautifully and I vividly remember each peak and stomach wrenching drop as if it was yesterday. SP progress from last September to today�s date looks amazing and far less volatile than previous months, Let�s hope our steady progress continues, but looking very encouraging thus far.

Phon several hundred million shares have just been chomped on in the space of few trading days. Most including myself are just keeping a bit of dry powder just in case. As Guzz mentioned earlier we may encounter some turbulence, but I believe if we do it will be a ploy to accumulate more hence why it is prudent to not rush in too quickly. I think most are settled in for the long game now, so we could equally see a mad dash to meet DWs smartly announced timetable.

With at least one farmout deal pretty much in the bag I see this investment as low risk, particularly when you factor in future oil price projections. Very relaxed at the moment and keen to add a tad more when I can.

Nice post Brom, will DW have to go full blast or does ice 2 permit allow us to keep on trucking?? Just emphasises the skullduggery aspect of flow rates. Would be nice to just go full blast once commercial flows are confirmed just to see whether the HRZ can beat 9H Gussie Yanta.

Totally agree Guz, it will pave the way for headlines like The next Permian basin, but with plenty of spare pipe capacity. The Alaskan government is desperate to start filling them coffers after a difficult three years and media will do their bit to pump 88e and their massive capture of the sweetspot as they�ll need to attract the lower 48 Fracking oilers money to do the heavy lifting. An easy multi billion dollar asset if goes to plan.

True, but 100 mil + hopefully contributions from BEX should see us ok for a couple of seasons.

Defo, in my imagination?? 100 million dollars worth north of 10p, as due to the potential size of our position, we should in theory have the potential to become a billion dollar plus asset. If ICE 2 is good, it makes sense to bag one final CR to fully develop the unconventional part possibly over the next 2 years, as I believe the conventional aspects will look after themselves with the potential farm out partnerships. Probably way off, but you at least have to think of possible scenarios to help develop strategies to maximize profits from this beast. Obviously if ICE 2 doesn't work then our expectations will have to slim down somewhat, but would still pan out well IMO and wouldn't necessarily be the end for the unconventional prospects if we know what went wrong.

i would imagine DW is hoping from a time wise perspective to release both sets of groundbreaking news in quick succession. If I was DW I would also try to slot one last cheeky CR in to try and further develop the unconventional asset before we go for the third farmout, as I'm thinking we've got a second farmout deal ready for Yukon, but probably not before we secure more land. Just my speculative, but maybe wishful thoughts.

Which FOMO ICE 2 open, pressure readings, 3D, farmout or Yukon.

Be patient it will come...100 million + will be the starting point peaking around our maximum of 500 million IMO. Now you would not want to miss that.

And you�ve gone green you naughty elf.

I also remember reading that there is a lot of skullduggery regarding flow rates, so industry wouldn�t just rely on flow rates alone. That said our reputation and the way this company has been run + the contacts via PB et al will put us in a good position for securing a good partnership with one of the major lower 48 fracking oilers for our unconventional assets. I also remember one of the q&as where DW was asked who is watching 88e ICE2 and his response was EVERYONE!!

Pipster it�s a good question, but I doubt it will be flowed for a too long a time period as it is just a test well and I should imagine the other pad users wouldn�t be too happy. Although it might be worth digging out the ICE 2 permit, as i�m Sure there was a lot detail around the post ice 2 timelines. Regarding industry standards, I don�t think there is As I remember looking into this last year and drew a blank.

Both dangerous and annoying + some are purported to have 6 figures riding on this.

Spot on Brom, 2018 is a totally different scenario with many �Irons in the fire�, but bugger all priced in IMO. May as well put feet up and await 100 dollar oil...maybe?? Article is a couple of days old, but matches my current future expectations: https://www.cnbc.com/2018/05/11/get-ready-for-100-a-barrel-oil-and-the-conflict-it-represents.html?recirc=taboolainternal

FRAC fluid pressure doesn�t = reservoir pressure, hence the need to remove. I�m also guessing 1 FRAC would have been quicker than two, but who knows exactly as we�re in virgin territory, hence the risk discount on SP.