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Most likely we will have an indicator after drilling to target with core recovery, then the wire-line, then flow testing. Lots of catalysts. GLTU
LOL
Absolutely... Merlin-1 was drilled late in the season and when they had tool issues there was no time to do anything. This year they will be at Merlin-2 1 month earlier with all tool and testing equipment on standby. There will be Oil, I have no doubt - its how much they can appraise.
Absolutely.
Doyon Drilling / Arctic Fox
Chasing is what drives the price... it doesn't move on air.
$EEENF - one of the best things (for me) about Merlin-2 is that they will be drilling it earlier than Merlin-1. This will allow time for testing and appraisal. Not like last year's tool mishap.
The run died last year because peeps dumped on the "failed" wireline/tool data (which was actually a partial success, enough to ascertain they hit oil in the formation etc). This year 88E is drilling early and will have everyone standing by post-target to test and assess.
Feeling pretty good about this.
My guess its goose-stepping the London exchange for now.
$EEENF is legit, that one wasn't.
I made a bit on that one and then Guzman (salt shaker/money maker) got tossed out of a helicopter.
Roger that.
I have been following Project Icewine for a while focused on $EEENF Charlie-1. I will probably switch gears and dig around especially with regards to adjacent lease holders and formations. Its a complex area that has different geological features.
The Nanushuk Formation (Merlin-1/2) is more compelling for me as it also involves Umiat & COP Willow etc.
One thing about me I try not to comment about O&G related items if I do not know.
GLTU
I do not know enough to comment. $EEENF Charlie-1 vs Pantheon Talitha.
Yes. Formations can intersect different acreages, sub surface rights.
$EEENF Project Peregrine/Umiat (100% working interest) & Icewine (75% working interest) - not too shabby.
1 company - 3 exchanges.
In some ways they are both lotto plays... I like $EEENF simply because they own recoverable assets.
Affirmative they are using vintage 2D and 3D data.
https://certmapper.cr.usgs.gov/data/apps/npra/
https://dog.dnr.alaska.gov/Library/TaxCreditInfoSheet/2018-10-05_Umiat2d3d_InfoSheet
Nice movement on the UK markets 88E / $EEENF.
Because N14 dips / ends before. This about N18 and N20 and how far those plays extend.
Anything is possible in life.
What we do know:
- The ENV/Air applications/permits were accepted by the BLM. They have not revoked those permits. Which would be a sure sign that the Drilling Permit would not be issued.
- The winter road is/has been contracted to the Merlin-2 location. At cost to $EEENF.
- The pre-commissioning audit of the Arctic Fox was supposed to have been done early January. No indication that it was not done.
- The BLM revert to Obama Era policy does not affect existing leases, just issuance of new leases. Merlin-2 / Project Peregrine sits on an existing lease.
- The Center for Biological Diversity on Dec. 22 filed a Notice of Intent to Sue. There is indicators that if the BLM reverts to Obama Era Policy they would drop it.
- The Center for Biological Diversity intends to sue BLM if the agency doesn’t rectify the ESA problems, or at the very least consult with U.S. Fish and Wildlife Service officials to ensure that proper polar bear impact mitigation methods are implemented in the work and the proper incidental take authorizations are in place, according to the 10-page notice.
Deep Horizon was a tragedy, absolutely.
We are getting a bit off topic here. BP did not own the rig, nor were they in the drilling business. A lot of other sh1t went down with the on sight company man etc but nothing to do with BP owning a drilling company. Which is what we are talking about.
Roger that.
I honestly believe an ASX Announcement from $EEENF. Most likely in a couple of days. Scheduling shows we are 2 weeks way from Arctic Fox MOB and 4 weeks from SPUD. I also believe the Drilling Permit will be issued otherwise BLM would have said so by now. All my opinion.
For me its about sticking to what you know best... even the Majors like CoP, BP, Shell stay away from the drilling business for good reason.
GLTU
$EEENF should never get into the drilling business, they are in the finding oil business.
They have applied for all the permits... Environment/Air etc has been accepted, just waiting on BLM to issue the Drilling Permit.
Whilst I tend agree with you nobody on the outside knows - nobody. So 15 months, 1 week, 7 hours, 15 seconds means nothing - its just time, nothing conclusive about time except getting old and erosion.
Well put.
Everyone has an EGO. The desire to learn and self-educate. Sometimes that is formed by a consensus. Unfortunately (by design) Social Media preys on those traits and we get to where we are today. Its either Politics, a pandemic, Right vs Left. Its genius and heinous at the same time.
Nobody on the outside knows anything about TLD, that is a fact. However that does not mean we should not find a happy place when it comes to the DD, the potential and the contributions here on this board and elsewhere.
Or we can find a negative place based off impatience due to the length of time its taking for TLD. Because that is all there is. The science is sound its just the wait. Yes a PR would alleviate the stress but we all know that is not what they do.
GLTA
Yeah that cannot be easy. Especially when decisions are being made based off ignorance. I suppose that is life (and the human condition) in a nutshell.
Mental armor is not easily replicated. I hope you take care of yourself to the best of your abilities.
Exactly my point
There is a lot of we vs them lately... both sides have their own perspective. Neither is right, and neither is wrong. Both should be respected and maybe even tolerated.
GLTU & $NWBO
You missed one of the "y's"
Actually he is "quoting" you.
What I would love to see as a show of good faith:
Linda & Les to stop taking a salary from today until TLD.
Of course its not gonna happen but it was be great nonetheless.
GLTA
Everyone has a breaking point.
GLTU $NWBO
Anyone worried about the BLM reverting to 2013 Obama-era management plans should read this.
https://www.aol.com/news/biden-administration-scrap-trump-plan-020211499-100053256.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAN5M31tQR0gH5ZxTUzBbr57ipfxRGP_tnzZwdcw9uOOcIl9yuEETNRNa7XMz-MSsCGCTQevWIUIp-obnXNhDNOdTYWMEcEt9uZzYdqJd7ajN304F24-_1lsYnVxClKmQx5JnUBoF50xH0BreVqZpNGarISDPzN0COMfCIgZVvLnA
I have been researching and I stand corrected. This was a park and leave investment so maybe I should have waited before commentary. Anyways your feedback prompted me to dig a bit deeper and for that I thank you. Have a great 2022 and GLTU.
Just one of the articles I read.
https://www.biospace.com/article/-the-second-wave-biopharma-players-still-in-the-covid-19-game/