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Rabito79,
I respect your views, albeit PANR swayed.
88e, Icewine leases will produce, zero/nada/zilch, oil.
This is evidenced by the move to Winx, Charlie, and now Peregrine. If Icewine had any value, after 5 years would it show? You'd hope so but no nothing, the company have moved on......
Icewine regardless of any perceived overlap is a dud
Newanda
If you are commenting to my previous post at 12:04, then one must wonder where future value will come from?
If the oil is uncommercial, where does the buyer find value? Based on your post is irrelevant. Positive news means nothing with this company.
PB took the original Icewine leases based on his model and the potential for the HRZ to produce unconventional oil via vapour phase.
We now know those leases are bitumen.
Forget PB's input and be grateful that Dave has moved to conventional, otherwise you'd never see a chance of getting your 2015/2016/2017 pounds back.
https://www.petroleumnews.com/pnads/492855396.shtml
The latest write up
Cheers
Donald,
This conflict of interest disclosure is not new and is on all of S3 Consortiums media releases. It's common place for them to take shares as payment for up-beat media write ups for companies, which you should be aware of and has been the case in previous news releases.
This is all part of the 88e "cycle", nothing new.
Donald,
They were not trying to Farm-out this these leases, it wasn't until they expanded the position in Dec they moved to a more active Farm-out position.
It's like saying the oil price was $110 in 2014 so why didn't they Farm-out then. It's a pointless point to make. When they were looking to Farm-out(Feb'20), before they cancelled, then reopened the process, the oil price was not $70.
Donald,
In response,
1. XCD were not actively chasing a Farm-out until they received the new leases (Dec19) which included Perigine until they went to NAPE in Feb 20. So hard to fund a drill for a Farm-out if you're not trying to Farm-out.
2. I'd have thought you of anyone would know that oil produced on the Alaskan North Slope is not priced as Brent. If post the link but I'm confident you wouldn't read the data due to the large amount of egg on your face.
Must try harder
Phron,
The last thing you need tell me is "DYOR", I've spent 5 yrs researching the North Slope, Vapour Phase, HRZ, .....
I now know and understand that this company will deliver zero oil to market, that's not what they are, they are a trade, that's it's, that's all they will be.
Dave's other instrument, EXR, (ASX listed) is going gangbusters. That's where I'm at, not wallowing here waiting for porosity.
Phrontist
As an avid reader of your posts, I'd be interested to read any post of yours that highlighted your displeasure to the dual company secretary role before Sarah resigned.
Or is this a case that now she has left, "88E did not have a clue about running a business"?
Donald,
Think you'll find I have stated multiple times since PMO walked out of Charlie that there would be a CR in September/October.
You would be unaware of my position however as you only joined this board in June ;-) but it would appear you agree with me.
Thanks for your support.
Ignore what you like it doesn't change anything
Donald,
Not sure why you're jumping up and down about paid advertising by the company, they, along with every other nano/micro cap in the world employ this tactic when trying to sell a story.
Happens every year, it's nothing new.
Regardless of any Farm-out discussions, the company still requires funds to operate.
I'm picking September/October capital raise, your CLN angle is your wet dream that will never happen
Anyone that is hanging around for results from Charlie only need to look to the 21/5 announcement where they stated that Heavenly was the preferred location.
Despite Heavenly having essentially the same if not worse core analysis than Charlie.
Charlie is a dud and will not be revisited. Condensate is "challenging to commercialise", which means has no value.
Don't worry though the story will be pumped again, just a new one, possibly and XCD lease version.
Trade the trade.
Archie,
They didn't change the system because you became a shareholder. It is what it is. Don't like the dial listing, then don't hold shares in companies that are dial listed, simples.
Your one man grandstand isn't going to change anything.
The dual listing isn't about shareholders, the dual listing is about accessing capital. Shareholders can only hope that this capital can provide a return.
I'm sure if the share price was 3p and on the rise, you would have no issue. Get over it.