My thought for the day...
DW and PB have characterised Ice #2 as having a 50/50 chance of success.
It's clear that the issue is not whether or not there is oil (we know it's there), or even whether it will flow - and PB seems even reasonably confident about it flowing commercially - more than he is allowed to say perhaps (but actions speak louder than words - and he did convince his backers to stump up for a big chunk more acreage!)
No - when pressed - Dave basically said "all drilling has risks" - drills get stuck, break down, etc.
So - I am thinking that today we are about 20% of the way through the drilling.
And no issues so far - all going great. So for me, our odds are just improving over time...
50/50 at the start is now looking to me today more like 60/40...
Looking better every day from where I sit!
IMHO... DYOR... etc...
Ann: Icewine 2 - Drilling on Schedule, page-19
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $15.57K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 247 | 357247800 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 616017987 | 229 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |