Alaska Operations Update - Winx-1 Well, page-156

Doc,

I'm sure it's a typo, The other thing is Winx is(n't) part of the equation.

I think Laz touched on this the other day and I'm of the same opinion but I feel that a Farm-out of some form will be announced before the result from Winx.

Dave will want to provide some insulation in the case of a duster at Winx. He operates very conservatively corporately and knows he will need a backstop here.

He is acutely aware that investor sentiment was no great after Icewine2v, a failure at Winx and no farm-out would see wholesale share price destruction and his own investment massively affected.

With next to no institutions on board the bulk of the shares are held in PI nominee accounts he needs to start checking some boxes as the next sniff of bad news will no doubt see PI's exit in a rush stage left.

As is evidenced by the share price looks like we are all waiting on good news that's why I'm backing;

1. Farm-out

2. Winx success, potential here for Oil Search/Armstrong/Repsol to show their hand.

3. HRZ Horizontal

4. I don't discount Yukon thrown in the mix tied up with Laniappe/Armstrong, Exxon....

I'm asking a lot I know, I'd also like a unicorn for my birthday in April.

IMHO

Cheers