I was researching on Winx-1 from all aspects and finally came...

I was researching on Winx-1 from all aspects and finally came into the conclusion that WINX-1 is low risk drill with potential of many many multiple to the current share price.

Some brief summary of my research findings;

1. Winx-1 is drilling in the proven area, surrounded by the Oil discovery
2. Winx-1 is located just 4 miles from horseshoe oil discovery
3. Western Block is located in less than 1 miles from major oil discovery (Horseshoes-1)
4. Itkilik River-1 drilled in the same area in 1978 has significant oil shows, and if 3D data available at that time, drill location would have been moved further south to intersect better reservoir quality
5. Stony Hill-1 well, drilled by ConoccoPhillips using data from Itkilik River -1 have discovered and flow the well at commercial rate
6. From Dave Wall interview, 5 our 6 wells drilled in the region using 3D was successful.
7. To be more precise, I have asked this question in email from Dave Wall and his reply was since 2014, 29 wells out 30 drilled in North Alaska using 3D are successful including Appraisal Well.
8. Ground value of oil on success case is $5-10 barrel, valuing RMP worth $500-1000m (30-60x upside potential)