Icewine FO the Big Fish

Hi, time for a new thread and maybe move on I thought? as disappointing as it is the harsh facts are Winx-1 is done or to use an industry acronym “plugged & abandoned”.

We all had high hopes, and after the previous disappointment of the HRZ my god we really wanted this to be a gusher and to start to reap the rewards of what's been a long and rocky road at times, especially for the LT holders. But as they say, bar death and taxes, there are no definites in life especially oil exploration...

With hindsight and there's plenty about................... with hindsight I'd have won the lottery last........ night again!! and wouldn't even be posting.

Funnily I don't remember many people complaining when DW first announced Winx-1, seemed a shroud and opportunistic move, plenty of oil being found next door, 36% of 200,000,000 barrels for only $6,000,000.
But we need to move on, it was never our major project that still lies ahead of us. Speaking personally I've been invested in 88E for a little over three, a good entry point some might say, but in my usual style, I've managed to "average up" over time, my choice.

But what first got me invested and why I continue to add was a combination of the talents of both DW and PB (God bless) especially PB an extremely gifted technical genius in his field with a past history very few could hold a candle to, combined with a prospect of a major oil discovery sitting within our Icewine projects. When once asked about the prospects of Icewine I think PB said it could well be his "Everest" and that coming from a very modest man with serious past form.

So back to Icewine conventional FO, FWIW my guess is we won't get an RNS regarding this before early April, "we've" agreed to an extension for potential bidders to the end of Q1, and that's what they're working to. Guess its a bit like having a tough school assignment and the teachers given us till the 31st to submit it, we'd be pretty p1ssed if they then said oh no change of plan want them tomorrow. The bids and from what has already been quoted there are more than one interested party need assessing in detail.

Also, sorry to harp on, when the announcement comes as is the norm there will be a trading halt on ASX, but I think there's a good chance of the same on AIM, why? this could well be a Company changing deal, there needs to be a blackout whilst the last "T"s are crossed and I's dotted, so expect a slightly longer halt in trading. The details will be released prior to the trading halt being lifted allowing for full understanding of the "deal" to be digested and a rerating of the SP prior to trading commencement.

Well, gang, that's my thoughts................not that I know much,
but obviously IMHO

To Happier times ahead, game very much still on!!