The scramble to get onto the register before those late November milestones are hit with an opportunistic 1m @ 5c bid in there...
Over in the 88E thread (note we have 31.5% WI; they have 35% WI - so similar ownership); they're saying WINX-1 could be worth $400m if successful.
$400m for RMP is almost $1 per share! 20x from here...
Yesterday's presentation, specifically the last page outlines the pathway until the Feb 2019 spud.
As we get closer & closer, this could, in my opinion, boom - big time!
There are 2 milestones in November being:
- "Final rig inspection mid-late November 2018"
- "Main permit triggering final payment to Great Bear Petroleum expected by end of November 2018"
Each of these milestones may be an exceptional re-rating event given the main prize (successfully drilled well with commercial flow rates) has a size of 400mmbbls
This is all my opinion & shouldn't be taken as fact
