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So here's my 2c for what it's worth. Yesterday the Next Oil Rush...

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  1. 2,819 Posts.
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    So here's my 2c for what it's worth.

    Yesterday the Next Oil Rush article dropped, which as a paid promo piece did a fantastic job of putting as much positive spin on the projects as is rampantly possible. Info we already knew however.

    Today's Operations Update, was released at the perfect time, based on yesterday's article. Great job Dave.

    What now has been confirmed is that Yukon Gold, which had a previous discovery of 70mmbo that we picked up from under the noses of others for $1mill, now holds 90mmbo. Yukon was previously considered "stranded", now not so much, thank you BP. Break even at $40bbl, what's the oil price?

    Also confirmed today is that not only is a Farm-out being targeted before year end but "A farm-out process is currently underway, with a deal targeted prior to year-end".

    Highlighting by me, but this seems to confirm that there will be a deal done, just working through the details, which take time.

    This is coming together nicely I believe, now to settle in and see how London reacts.

    I expect profit taking to occur by Friday however, not a bad thing, just part of the process.

    It's all good.

    I'm cracking a cold frothy refreshing amber ale.

    Cheers all happy happy hump day.

    Last edited by spinefx: 07/11/18
 
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