AGM wrap., page-68

Hey Mike,

At the moment I have just over 4 million heads across all my accounts but that will reduce by a small amount heading into the flow results of Icewine 2 just as part of my own prudent risk management strategy, I don't delude myself in that 88E is still high risk high reward investment at this stage, even though I'm quite bullish on 88E. For me also, assuming an Icewine 2 vertical well success scenario and a potential significant increase in share price, my strategy is fixed squarely on the 2 to 3 year monetisation process of this play, for me that's where the real value add to shareholders will manifest itself IMHO.

I just went through the 20th February 2017 London presentation again as I type this post and it's amazing how just the talks with you guys on Thursday and the posts of other great posters on here has helped me understand the well design and its objective even further in my own mind.

By the way Mike, you sound like a real great bloke, God willing all the results go our way and then we can all enjoy a few drinks and great memories of this wonderful journey in 88E

Have a great weekend all