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10/04/19
14:13
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Originally posted by docmin24:
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Simple conversation wanting direct answers, as we all do. Well the best one can get within the rules and Dave follows them. Not all in our conversation we agreed about and I will vote accordingly he respects that I will not support REM etc. It was respectful and to the point. A few beeps were expressed lol. Love the passion. I fully support DW. Good luck to all who attend the AGM I won't be as working unfortunately would have loved a few beers with some of you. A tier 1 is the companies focus and it is as Dave says in announcements it's encouraging and at the final stages for the conventionals. He totally gets that if it doesn't happen most of us would not be happy and don't want more cap raises ie 1c mark etc. A lot of pressure put onto company but DW will deal with what ever happens, I certainly wouldn't be investing any money. Damned if you do damned if you don't. But DW has no false illusions here and his sleeves rolled up and motivated to reward holders. As he bloody well should. I was not happy about HRZ and the FO talks haven't even happened so far. Again critical re comms from company. I was not impressed about the drilling communications and annoyed that some idiot on twitter forced the company to make announcements as a result of this persons ramp of BS. I suspect a RMP holder did this so he could get out and profit. I have opened a twitter account lol. Best way to make money isn't it.. LMAO!!! Unbelievable that one person who have such an impact. I was furious regarding this and companies response, but they have disclosure rules to follow. I hope this parasite gets caught and fined big time. We discussed best case/worse case scenario's going forward and unfortunately it all revolves around the FO simple as that. Dave didn't confirm it is 100% done but as he announced confident as the process is at the final stages he stands by his announcement made. That's good enough for me and also prepared for some reason it doesn't happen also. I stand by my confidence it will and terms will not be fantastic to us, but good urgently cash injection is more important. I don't care as my dream of drilling multiple wells in 2020 will be the reality and I am happy with that. How else can we make money if we are not drilling multiple wells not the 1 well per year. DW gets my concerns which would basically be most holders as well. Asked about drilling and as I said wait now to 2020. DW did say he wanted to do 2-3 conventionals if things pan out re FO this would be a good result, one I fully support. I talked about selling some parts of the business and FO Yukon or even selling it as Eric owns a chunk next to Yukon. Something will happen here imo. Encouraged that DW looking at many aspects and I personally got the feeling that he understands our frustrations and is 100% committed to unlocking wealth for holders by addressing all parts of the business. I was blunt with respect to board and senior management/skills etc as 3 dry wells now and he did acknowledge the loss of PB was an impact but focused on moving forward that's why Houston involved. Hence I guess the focus on conventionals as we know PB was focused on fraccing HRZ etc. So we all just have to wait and see what is announced and I personally committed for one more year in 88, hopefully 3 wells with FO and that is my best case scenario. If not then as I said before sub 1c is likely and cap raises. A lot riding on our success in next 4 weeks or so imo. Now back in my box. Enjoy the AGM and don't forget to vote!!! GLTA.
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Doc...glad you got a chance to get things off your chest with DW...and appreciate you reporting back. But to be blunt, you have not divulged anything that wasn't well understood and regularly acknowledged on these boards by most considered posters. And that is that IW Conventional is our big hope for any decent drilling programme next year...but it all hangs on getting a decent FO. And that unconventional is a separate issue on a separate time table. As is YG. And that the company is actively working on all prospects and potential deals. And all we can do is wait. Or bail. No? All IMO and GLTA.