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Ann: Investor Presentation, page-13

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g64

261 Posts.

03/08/18

13:11

Post #: 34708004
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Originally posted by mike mike ↑

All of a sudden the math looks even more compelling for a large part of the conventional plays.

1.5b @ 5$ pb =6b$ yes, this could be plus or minus depending on how far the deviation is from ''mean price'' with close to 6 billion shares we are looking at 1$ per share= 75p.

All without HRZ shale or the value of Nanahsuk and Yukon conventional leads.

Dw a big thank you from me for not focusing all our eggs in the one shale basket.

For those who think that our finances are too tight, you could be right, and would be right, if we cannot get a farm out agreed this year for one conventional drill for 2019. This is the next key stage..if the art of the deal is successful then finances are no longer an issue. 'Back costs' will be part of the upfront payment plus a premium to cover one drill for multiple high value 3D leads. The Q4 options would then be converted. Finances would no longer be a problem and would make 2019 a most exciting year.

On going conventional drills would be less problematic for a farm out in the western plays.

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Looks great - agree with the maths - I am a bit short of cash right now so happy to sell you mine for 50c

I really really really really hope you are right!

GLTAH and have a great weekend!

88E Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

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0.2¢	0.2¢	0.2¢	$101.9K	51.30M

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No.	Vol.	Price($)
514	1361282451	0.1¢

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Price($)	Vol.	No.
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392	1227558997	0.001
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Price($)	Vol.	No.
0.002	5375412	5
0.003	578667432	226
0.004	223019047	110
0.005	59085042	48
0.006	35128234	35

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