The 88e net on entire icewine that has been seismicked is...

The 88e net on entire icewine that has been seismicked is 1.1bill.. (of total 1.95bill for entire jv)

Thatll be farmed down now.. 88e might end up with 30% net or so.. based on dw comments..

So icewine conventional probably net 600mmbo prospective based on 2d after farmout.. so depends on if 3d increases or decreases those figures...

However the western icewine prospects (stellar, lima, bravo etc) are worth up to about 800 to 1.4bill of that 1.95bill figure..
So it comes down to the 3d seismic.. and how much they can target in that..
Even if it was only 2 stacks at 150mmbo each.. aftee potential farmout, thatd leave 88e with close to 100mmbo being targettes by that program..
However, if they can really target "multistacks" then it goes up by some serious factors..

The hrz sitting idley by... it would not be worth farming it out for less than about 750usd per acre..
Cos at lower value, its better for 88e to raise 12mill usd and complete a 25k foot ice2 horizontal on its own..
Otherwise if a farminee wanted serious chunk.. then might give 100mill usd program funding at 750usd per acre is about 43% of the entirw hrz.. leaving 88e 36% and bex 21%..
Thats based on 65% of 475k acres ok for hrz.. so 309k acres at 750usd per acre is 232mill usd value..
100mill usd of this would be about 43%..
This may seem horrible for some but 88e would then be freecarried somewhat for proving a decent portion of its minimum net 1 to 1.5bill oil..
So still loads of value left in that for 88e..

However, i am hoping they can farmout hrz ar closer to 1k usd per acre based on info they now have.. would mean that at 100mill usd committment, 88e is left with 42% etc..

I guess we shall see what all deals come out to be by year end.
So far they must farmout the q1 2019 2 drill western conventional program.. but the hrz and yukon gold could conceivably remain idle until those results are known..