Alaska Operations Update - Winx-1 Well, page-172

If and it's a big if, Winx is a success and they hit the projected 400 mmbls with a postive flow test, things get real, real quick.

88e's share is 144 mmbo, I'd hope the market attributes a $1 bbl to it, which would see the current MC double.

The interesting thing is that the market isn't a rational beast, so it may apply more value or less.

Also there is the dual listing component, with 65ish% held on AIM anything could happen.

Good times and some sleepless nights no doubt.

London has been very quiet last couple of sessions with a late trade propping the closing price. Something has to give eventually, surely.

I expect the next annoucement from Dave will say that we have already spudded the well. His normal method for previous Operations Updates is to announce what has happened, usually a few days earlier.


Cheers and happy Valentine's Day you great bunch.