Ann: Investor Presentation - September 2018, page-29

Spyglass, do not worry it has been noticed.

I am pleased that Dr Staley is involved on this analysis for conventional. His reputation is solid and it gives me a greater comfort for his input.

Question is how long does DW need to ring the dinner bell for the prospective farm out customers to start to firm up their intent.? This is very much a corporate presentation, that Pi's will like.

I am starting to think the extra 250m barrels identified leads are a sweetner for someone.

Will it be extra encouragement for a farm out? certainly may reduce dilution to a net figure far bigger than the original 1.1bb first mooted.

or if this process is taking too long

Cr with 15% placing at 1p UK a share to raise close to 10m$US. I have no issue with this as 250mb is worth way more than 10m$.


I confess I do not have the slightest clue as to which way it will go, Yet, I am satisfied that either method will be accretive.

Who knows, we may get both!!

I be surprised if we are looking at a buy out in 2019. Not enough drilling activity planned to have a better statistical success rate. Armstrong had a dozen successful drills. We may not need as many drills , yet probably need more drills than are planned. Buyout sometime 2020, maybe?

One thing for sure very exciting times and I am looking forward to an identified ''Game Changer''.