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I'm going to counter the OP's comment.....
It's Friday, we (I think?) are due some news/update. So now most likely Sunday night or Monday morning.
So in anticipation of that, after the usual early morning drag.......I think there might be a little bit of interest today and I'm predicting a blue day.
Plus the sun is out!
#thispostisbasedinzerofactandcompletespeculationbutletshavealittleoptimismhere!
10:56 - I don't think this is the last chance salon. We still have the other farmout coming. There 'should' be enough in the bank until the end of the year. Might be yet another cash raise if this drill isn't successful. There is still Harrier although likely 2022.
Oil exploration is a gamble share, high risk.....potentially high reward. The day traders and 'quickbuckers' have cleared off for now. But they'll be back in droves if there's a sniff of something positive.
Been in since Icewine 2, finally did the right thing on Monday and took a slice....so I'm happy to wait a bit longer.
Got to say this APDC thing seems a little 'odd'.
But to look at the positives, there were apparently multiple bids...maybe they were major players in there? But they would have almost certainly wanted a bigger slice of the potential pie. Granted that would come with clout and potentially infrastructure in place.
But we got a 50/50 split if this is successful. And I'm assuming/hope (we'll know more soon I guess) that 88e will have more control over the Well location, etc..... Which was apparently a major issue to 88e with the Charlie drill.....
It will interesting to know who makes up APDC...
Why are loads of people whining about the CR? We knew it was going to happen. It was clear from the last QR. And it seems to happen every year at the moment like some twisted AIM Groundhog Day. And 88 will do it again if they need to. The simple point is that if he doesn't then we hit stalemate and eventually disappear. This is a high risk exploration company. Big rewards are still to be had but only if prove something....fingers crossed for Peregrine!