JH888, don't mean to be the bad guy here but Dave never said...

JH888, don't mean to be the bad guy here but Dave never said that. Best you take it up with Anita Riotta and her interpretation.

Dave can be quoted as saying, "Farm-out process continues as planned, with deal targeted prior to year-end 2018".

The above quote is tempered by the statement that if a Tier1 requires more time, they will be given what they need.

You are not alone with a red portfolio, I always look back and reassess my buys and why I bought. I still believe that we are on the right track and despite Icewine2v's disappointment, we are a lot further down the road than we were.

Remember, we are not an oil production company we are in the exploration business.

Stage 1, is secure as much land as you can for as cheap as you can, tick.

Stage 2 prove you have oil, Icewine 1# did, tick.

Stage 3, Icewine2v, secure a flow, measure resource and extrapolate. Oil and gas shows, frac being analysed as to why no oil flowed. Partner required to finance.

And that's just the HRZ.

In the meantime a huge amount of work has gone into the conventional plays. 2D, 2.5D and recent 3D overlayed on historical drills, extra acreage on the western leases, opportune pick ups from Great Bear(Winx, spud in February) and Yukon, which has a 70mmbbl proven discovery.

I like many thought this would be a sugar hit, a short term trade, make a million dollars and walk away gloating.

What I now know after holding since 2015 is that oil exploration is a tough business, not much goes to plan, the risk is high, you have doubts and times when you think "why did I buy this stock".

The other side of that, is that the potential for reward can be huge, that's why I'm here.

This is the only share I own, many will say that I have missed many opportunities to make money, equally I've probably missed many opportunities to have lost money.

Like all decisions in life that require tough calls, share investing/trading is one of them, I'm confident Dave will bring home the bacon and that's why I will remain invested.

Apologies for the overly loquacious post

Cheers happy hump day