in my opinion it’s obvious if no FO. SP sub 1c, plenty of whinging and then personal attacks on here complaining about everyone and everything.
Company has enough money to do JV with neighbour to drill Yukon. Must have to fast track the most successful conventional well out of our acreage so SP has a chance to rise. Then cap raises unfortunately, if doing one this year then total F up by company on several fronts and I expect some resignations simple as that. Given way too much time and support.
Remember the brains trust is the company and they are responsible not us as investors. They have made more than one mistake. Disturbing to me they continued to drill IW2 after no flow, spent heaps again going back in only to find out in wrong area.
Market knows this, maybe the so called potential FO coy is in no rush as we are no longer the darling of Alaska and our position is a reflection of this. We need them more than they need us. What will 88 give up to get deal done. Make or break in my opinion.
Finally another issue I have is since last attempt on HRZ over a year has passed and they still haven’t got discussions re farm out on this area as well. I am questioning about the companies ability to time manage and do multiple tasks at the same time.
But hey, just my assessment here. I am expecting next announcement to say we are progressing well re FO talks and getting to signature point in time so hopefully should be done by end of July. However company cannot guarantee a deal will be done.
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