Read report and nothing has changed, everyone still arguing...

Read report and nothing has changed, everyone still arguing whether oil there is big enough to make this well commercial or not. The report clearly shows significant water found once again and with a few spots of oil found by UV etc etc. Company imo dragging this out and clutching at straws to be honest. Without doing another drill again they will not be able to come to a definative conclusion from a few samples imo. They needed a lot more data from wire logs and sadly the drill was cut short. We all wanted this well to have been completed without drama. Again this never happened. This is all pump and hype unfortunately which frustrates holders, rightly so imo.

88 has gone against all sensible logic here with this well regarding the global pumping which I might add appreciated the Reddit OTC taking the SP to over 7c+ which was way over valued and proved beyond many holders expectations, smart ones sold and many here are caught by buying in after 4,5,6,7c before drilling stuffed up again imo,

I was disappointed by what happened and not able to finish the well was unforgivable and unacceptable given the minimum time frame, remote location and the huge financial cost not to successfully complete this well only topack up again with tils between there legs is absolute BS imo.

So imo 88 and the caught out holders have no other choice but to drag this out and pump this to death in an attempt to get the SP back up but the market gravity regarding 88 will eventually pull the SP where it belongs and that's way below 2c with no drilling anytime soon and program will have to be restarted simple as that. So the reality of the results of this well imo will not be as encouraging as what they are so badly defending here. Duster again imo. Can't blame the holders defending the inevitable here!!!!!

End result imo is, this well didn't provide enough data before it was ruined, it was not optimal and Merlin will have to be reworked and new location found. Was a total waste of time and money wasted again by 88 imo who are again responsible for stuffing another well yet again simple as that imo. Company will obviously PR any hope they can and for many months until they can once again find another FO partner again, cycle restarts again. Company can try all they like to keep SP over 2c but it will fall certain of that. No where enough data obtained before the well was damaged once again to sensibly come to any significant conclusion of commercial oil results imo. It has to be reworked simple as that and the water is of concern.

88 going forward need to seriously find a new drilling team, 5 failures now time to use someone different as many other companies find oil here, 88 continue to deliver water, gas and even nothing. So I do call out the drilling management which is the common denominator after 5 failures and the board who finalise the location picked which again, time after time, well after well end up saying wrong location. No other way to say this any other way imo but 88 are out of there depth in Alaska and this is why they continually deliver failures imo.

All holders whether you support or don't need better management here, way too many bad results for holders and is not acceptable and if I still held I would want a whole new team and never use the same drilling management again. Thats my take see you again next year. All the best to all. Been a ride that's for sure, but significant changes should be demanded by all holders here as only reddit keeping SP where it is, not 88. Cycle will repeat!!!! GLTA.....