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1.7¢ red emperor resources nl

Ann: OEL: Alaska Operations Update - Winx-1, page-75

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RussianRoolet

3,204 Posts.

39

15/02/19

11:44

Post #: 37448217
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Originally posted by spinefx: ↑

I don't doubt the potential of the 400 mmbls at Winx.

I also agree it's a great opportunity for all of the Consortium Partners.

Horseshoe was a 20 step out, within the trend. Winx is on the very edge of the Nanushuk where the Torok pinches it off. Winx needs to have an effective seal at this point. That's the risk, no seal on the fringe.

What erks me is rampant speculation of the valuations thrown about of Winx. $5, $10, $13 per barrel. There have been no deals I can find that have applied these values.

The market will decide value in the short term and should another party decide to move on the leases should Winx be a success, they will apply their value.

But to be constantly promoting a Billion Barrels and MC's of $500 mill is ludicrous at this early stage of one pending drill.

I call it being realistic some prefer to label that as down ramping.

Cheers happy Friday.

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Classic passive aggressive downramping there without providing any significant facts to refute SP estimations.

How much per barrel do you think is fair for a successful drill and can you please validate that with facts?

RMP Price at posting: 7.6¢ Sentiment: Buy Disclosure: Held
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