DW podcast interview, page-15

I had no intention on topping up but just on taking up my rights.. never thought that aim ask price would be 1p.. so i took some in the last minute of play...

Besides that.. there now seems more clear discussion that the hrz is better in higher zone.. so i would imagine with typical 88e flexibility.. that upon successfull conventional farmout with decent backcosts cash given to 88e/bex.. followed by some (at least) partial winx success, that 88e/bex might go it alone into the hrz with a 2500ft horizontal for 12mill usd cost... in summer2019.. permitting is effectively covered..

If all those were to add up, then the overall value will be immense..

I do believe 88e picks up more hrz/conventional icewine acreage.. at an el royale level.. so to speak ). In nov or dec auction.. further adding 100 to 400mmbo prospective oil to the kitty.. just before farmout signoff..

Upon completed farmout.. with some potential cash paid to cover backcosts.. other than a solo attempt at short ice2 horizontal.. i do feel that 88e might try farming in to great bear talitha prospect thatd be drilled in 2020...
Derisking existing assets to 25 to 30% and getting into other ones at similar levels, is the way to go..
Cos some will fail and some will succeed.. so better to hedge the bets...