Member Info for SilverFoxd

I'm trying to understand timeline - seems to be some confusion on spud date (probably because no date has been formalised).

April-May:

* Ice start to melt, weather warmer

* Equipment being transferred

* Build 3 mile road

Jun-Aug

* Greenland summer, long days of sunlight

* 3 Mile road complete ? (Assumption)

* June : Drilling rig start journey to Greenland, assumption that will wait for start so summer before they begin transfer

* July : Rig arrives at OPW-1 (assumption that it will take 8-10 weeks)

* Aug : Build rig / make operational

* Jun-Aug : Build OPW-1 camp infrastructure

Sep-Oct

* Sep : Start Drill

* As there are multiple layers, pessimist in me says to expect first layer to to be logged and sampled by mid-Nov and final layer Mar 2027 but I know expectations on this board will be higher - need to better understand this, my understanding is typical onshore drilling is at around depths of 10-30m per day.

Drill depths (OPW-1)

* KS1 - 1,555m

* GA - 1,980m

* GC -2,163m

* GB - 2,558m

* G3/G4 - 3,413m

PJ was telling us all day Friday how strong market was. I quote.

“27 Mar 2026 08:19 Huge buys going through. MM struggling with demand now”.

same today, while PI’s have been buying into this, someone has been slowly unwinding their position.

RachT I support VikR view that 80m have been good at acquiring licenses, the profits haven’t come thru yet but we are all hopeful.

I’ve had investments in two junior oils, both were one trick ponies and both ultimately failed.

I like the fact that 80m has other interests and I wonder if this is their model, acquire assets and sell the risk early. Is this a better way for long term success? The two juniors I was involved in scraped together the money for first drills then failed.

I posted on another BB and maybe of interest.

A exploration drill is to prove the following.

1) are Hydrocarbons and/or gas present

2) evidence of pressure that it can flow to surface

3) enough oil to be commercial

The first point, are hydrocarbons present seems to the difficult for most people to understand. You can only prove the presence of hydrocarbons by drilling, after 100 years of oil exploration the technology cannot prove the existence of a working petroleum system. By working system we need to see oil traps, oil must be trapped in permeable rock but held in a trap by an Impermeable layer (like clay or salt) so the oil doesn’t escape.

Point two is self explanatory, but you need to understand some of the geology. Oil is held in rock like a sponge holds water, you can’t just ‘suck’ this oil out, it must flow between the rock and produce enough upward pressure (flow) to be extracted.

3) commercial oil, forget about headline numbers like 13b or 3.9b, these are the P10 numbers and are extremely unlikely, for each prospect OPW-1, OPW-6, etc) look at P10, P50 and P90 numbers, these are probabilities- P50 meaning 50% probability given point 1+2 are true.

Once exploration well is proved or disproved you can start your appraisal wells, or if you were extremely fortunate you could go directly to development, this is rare but possible.

Poiu

Can you help me understand your post please.

How are you able to see the positions and price points of margin trades ?

Ignoring the rampers, 1.02 -1.06 seems a good purchase price. My stock is the paper kind (imaginary of course) so other than it being significantly less green than earlier, IYO do I have anything to worry about (as my preference would be to stay out of the red)?

Punter you have a slightly worrying fixation with me. I suggest you get some help, seriously.

As I understand it you didn’t buy on margin and you got in at sub 1p so you should still be green.

Relax and have nice weekend, it’s only money and in my case, it’s only in my imagination so I’m a winner either way.

PJ — great price 1.08p but I’m out of ammo.

I agree VikR that patience is key and best not to trade in and out of the stock. I also agree with sentiment that 80m valuation should at some point reflect GLND.

For me personally, based on what RP has done with GLND we should have every confidence that he can do same with Disko, I think that isn’t priced in correctly at present. The one risk for me is HV, the RNS released with great fanfare but with little SP movement was the statement this would be earning significant profits in short term. I would settle for this breaking even for now, knowing we aren’t leaking cash reduces need for further dilution.

So Jameson massive plus, Disko, big plus not currently reflected in SP, but HV presents some risk until we have RNS clarification of cash burn.

Hi F1

Im saying this will go to $400m mcap and that is de ramping lol

Just to be clear, I’m saying price will rise to around 2p before drilling but because you think it’s going to 8p Im de-ramping.

If you can enlighten me without calling me names and provide reasoned response that would be great though I suspect it maybe beyond you intellectual capabilities.

PJ if you can let me know when you’ve sold please :) as I’ve picked up some more risk and would like to derisk (let profits ride) at some point lol

Punter - obviously all imaginary shares, just to save you the bother of posting, yawn

Hi Poiu

Thanks for raising risks of frontier drilling. I think I’ve tried and failed to do similar.

As I said previously, based on similar junior oil profiles, pre drill market cap, range of $200-400m seems fair value. I think given the risk/reward profile and the interest in Greenland the valuation of combined 80M/GLnD at higher end of that estimate seems fair.

After that, it is a gamble, a 5-1 shot and the junior oil market is littered with failures that promised the same. It also has successes of course and when it does success the rewards can be large. But it is a gamble and people should be aware of that.

From ii - few more days before PELI shares are converted to GLND.

“Due to the way the she’s are held in a Custodial Structure there maybe a few days following the payment date before we receive the shares to be able to allocate them to accounts”

Hi Starveinvest

I have number of Nasdaq stocks and I see this all the time, down on pre-market and up on the open (and up then down). I wouldn’t worry about it.

It’s in the PELI contract Punter. No evidence this wasn’t true until today. It’s great news it’s been verified but up until that point you were speculating it wasn’t true.

I do enjoy your posts Punter, was tempted to mute you but your far to entertaining for me to switch you off. :)

Well done for those of you that raised this to 80m investor relations.

I am very happy with this statement, based on this statement alone I will add to my existing holding.

Thanks Aston

This was raised by RachT. At some point GLND will be negotiating to buy remaining 30% of Jameson at the lowest possible price - not clear that will work. seems to be serious conflict of interest.

Advise people to look towards people providing balanced view of this stock and not listen to people who won't engage in grown up conversations.

Based on historic data, for New Frontiers market caps at pre-drill range have typically ranged between 200-400m market cap.

CoS (Chance of Success), is important consideration, again its based on historic data

Many successful basins didn't get positive result first/second time and its the share dilutions that destroy value.

I'm fortunate that I'm 100% derisked because I took my initial capital out when it hit 1.4p last week. I will let my profits ride post drill.

However, pre-drill I can't see this going beyond 2p - that seems like fair price to me. Anything below 1.2p I might top up (as I did this week at 1.01p) and anything above 1.5/1.6p or anytime the price rises too high I may choose to look in lock in further profits by trading in and out.

The only uncertainty here is politics, people on this board like to push the Trump angle but from what I've seen of Trump he is only interested in lining his own pockets so not sure what his angle would be on this. Happy to be wrong, however, it wont drive my decision making.

Oh, and I have a few GLNDs ofcourse, its probably more risky as its quite binary but I see more upside than 80m on purely the Jameson Oil.

Best of luck - will ignore my usual detractors and hope somebody will counter my max 2p valuation (pre-drill)

So ii finally sent me CA notification saying switch will happen today.

My PELI shares have disappeared but my GLND shares not yet showing, shame would have liked option to cash out with 100%+ profit.

Well played profitJock in getting out in 1.5.

My “imaginary PELI” shares still haven’t moved to GLND. I have message ii.

Am I the only one who has PELI shares ? Wow.

If there is oil 80M will do well, but not as well as PELI/GLND. IMO