Member Info for theiceberg

As expected we have the updates prior to the webinar. A Massive increase in oip for lbff and a nearly 50% increase in recoverable barrels of oil. Also massive confidence to increase it to a contingent resource.
The slope also could be massive with 2.2 bn oip (potentially a 200m recoverable (my figure)).
All with the conservative 10% conversion rate.
It's difficult to make the case that the LBFF won't be valued at least at £5bn imo.

I don't believe these guys would make a mistake, so it would be natural to assume that the OIP has gone up by at least 20% off the back of the initial results.
A simple follow through would be a 20% increase in recoverable, but it could well be more if it flowed more than thought, particularly the slope, which had no recoverable results.
Got a feeling we might get the RNS on monday, which gives the US a day to get excited then attend the webinar, if they release it tuesday, the US gets no time to get excited.

Very low volume, so if anybody does want a decent amount of shares they will have to raise it above 150 now imo.

New 52 week high on the otc of 1.99 ... Close to 150 and blue in the uk...Looks ready for a burst.

Well we are closed here, but otc is open today and up nicely just shy of a 52 week hi. A good 200k buy went through as well.
It's tends to be a bit better as an indicator when it's not being affected by lse.

And there is only 6 trading days left, if folks are thinking about leaving it to the last minute to buy in.

It’s impossible to say what 88e have as their data is so bad(old 2d). Drilling off 2d is bad enough. Drilling of f bad 2d in a highly complicated geo structure which isn’t well defined is akin to madness.
My advice which I am sure they don’t care about, is to take a year out , use the punters money to obtain upto date 3d (which is far better and cheaper than it was even 10 years ago). They need a trap in their locations and they don’t have the data to find it. Most of their targets will be like southern england. Patchy large oil bearing intervals, but accessing it in quantity will be very hard.
Thanks to panr taking a more detailed approach re data(maybe due to historic Texas failures) it has identified the large structure that are ideally placed.
I genuinely believe panr has the best frack able acreage on the north slope. The oil spread in the large columns demonstrates this (it isn’t like horseshoe etc where the permeability of the sands allows lots of flow through a small perforation). That’s not a problem it’s just a different type of geology (no better no worse) just imo.

Cb, I am a neutral here and it's just imo. A BFF is a very particular type of geological set up, it relies on massive blooms through nutrients and some upwelling of the deeper waters. Due I this as it goes down in depth you see a massive reduction and diffusion of the oil potential (the oip to recoverable ). I think this is partially why they were so surprised that talitha flowed how it did in the BFF.
If it extends further into 88e s licenses then what you will get is a lower thickness more diffusion and much worse oil recovery. It's called a fan for a very good reason.
Equally, imo and we will likely find out at the webinar, if you go too high in the fan you don't get the full load of the blooms (source material).
But regardless the key take is that even if the bff extends 10-15 miles into 88e licenses it will be rubbish, which is why they haven't prioritised it. Imo the question is kind of immaterial.

All the majors and their deposits presenting, Alkane, Northparkes, Cadia, Sandfire. Nice to see us in their company tbh.

I can't remember exactly, mainly because I look up this information for Australian, candian, US companies as well, but if the offer is deemed 'credible' then I think they have a duty to inform the market. Obviously the other company can release this when they like and it's subjective 're credible.

Only 12 trading days until the webinar (from a quick calculation).
Market makers still making a market and getting the volume to fill orders.
SP still rising in a controlled way.
All is good in the world.
Repeat.
All is good in the world.

A nice change to get some visuals and 44 and 46 look really good. The portal of chalcopyrite in the picture is the best I've seen from bushranger. It's impressive that ascot extends North at this kind of angle i.e shallow and almost flat. We've also got 47 underway, which might be the other side of the subfault.
Now they just need permission to follow ascot South.....
The most interesting update for awhile, very happy with that.
Also to note I am expecting 44 and 46 to be pretty good assays...I also still think the better mineralization will be south...

Ford, tbh I tend to stay well away from oil, mainly because the companies on AIM are very untrustworthy (I don't know about predator). The north slope is a bit different because I've been investing here for years and know the risks. This year with panr has been different and I think it's catching folks out. It's not your normal sell on news scenario. I can't remember a company flowing from either end of such a large oil deposit in a single season. Panr is still well below the radar for most hnw and funds, as it gains traction it will only to up imo. If your invested in predator good luck and I hope you time your exit well!

So, as we though we have-are starting to get, noticed with hedge funds etc buying stakes in the company..long may this continue..imho he just brought up the traders that sold on the news and misunderstood it.
We are rising nicely long may it continue!

Still very much in xtr just waiting for the assays..panr is a bit of a favourite of mine atm, up well from a 73p average, but more to come in a short time.
Geology background and 15 years in investment banking before I retired, thank you for the kind words.

Just my opinion but there seems a real desire to get the sp up (which is good) we know this isn’t to do a raise as they have loads of cash. So my assumption is that they see the sp as too low to defend against a cheap bid of 170-200p
This is all good for shareholders, nothing like a bid who are pushing the sp!

It’s funny how we had a number of long term holders all oil experts which have gone very quiet. It can’t be that they were really just pumpers that sell every year?
Regardless the sp is pretty close to a high, we have big buyers interested, we have lots of new information coming and a production hole in a couple of months time.

I !listened to it whilst doing another job, but there was also mention of net pay I believe , which would also make it one of the largest net pay zones on the north slope that have flowed...

Well offer £9m traded and 5% up on no news friday..I think we can be pretty sure it's not readers of the BB driving that.
I wonder if the larger players will be operating again tomorrow...?
Everybody from shell,bp,marathon, conoco all linked to North slope exploration in the next few years...The question is which will want to speed things up by 4-5 years and gain the certainty of a billion or more barrels of oil...

My guess would be one of the mines picked up from this defunct aim company.
https://www.investegate.co.uk/articlePrint.aspx?id=200407260700051904B
It looks like the kind of thing Colin would get.