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88 Energy Share Chat (88E)



Share Price: 1.15Bid: 1.10Ask: 1.20Change: 0.00 (0.00%)No Movement on 88 Energy
Spread: 0.10Spread as %: 9.09%Open: 1.15High: 1.15Low: 1.125Yesterday’s Close: 1.15


Share Discussion for 88 Energy


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happy_hatter
Posts: 1,183
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.15
RE: Oil Search -Alaska Strategy Sem..
Thu 22:59
Ok so we now know one of the other interested parties in the Armstrong assets was Conoco.
At 1:15:20 Bill Armstrong says 'Make no mistake Conoco wanted my asset and so when I sold it to Oil Search they were not 100% happy with that'.
 
Reaper666
Posts: 1,916
Off Topic
Opinion:Strong Buy
Price:1.15
RE: Oil Search -Alaska Strategy Sem..
Thu 22:42
Bravo you two - makes us look v attractive (which we are). SP and market are final arbitors and resistant. Jiddy - no harm in asking your question. VGLA
jiddy123
Posts: 4,984
Off Topic
Opinion:No Opinion
Price:1.15
RE: Oil Search -Alaska Strategy Sem..
Thu 22:14
You would have thought so HH!

I have a feeling that there is some sort of connection between OSH and 88E - perhaps i should ask DW whether they know each other!
happy_hatter
Posts: 1,183
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.15
RE: Oil Search -Alaska Strategy Sem..
Thu 22:12
Wow! Fascinating! I urge all 88E shareholders to listen to this webcast. Im only part way through but listen from 43:25.
Keiran Wulff - Executive General Manager of Oil Search says 'Bill Armstrong had a number of other options and he genuinely did. When Peter (MD of Oil Search) and Bill shook hands in Sydney oil prices was low, there was a lot of uncertainty but there was still some major companies who were interested and a couple of those major companies approached us post the announcement with one particular company very actively pursuing us, so we are pretty confident we have done a good deal here'.
As an 88E shareholder this is exactly the sort of material that excites me. Surely some companies are actively chasing 88E too?
jiddy123
Posts: 4,984
Off Topic
Opinion:No Opinion
Price:1.15
RE: NS Activity
Thu 22:11
Great aide - many thanks!
jiddy123
Posts: 4,984
Off Topic
Opinion:No Opinion
Price:1.15
RE: Happy hatter
Thu 22:08
Nicely put Brom - DW and PB were in the right place at the right time to buy great assets at knockdown prices, with as you say, compelling rebates from SOA.

Here's hoping Brent stays within the $60-70 range until the curve is creamed!
Brombarb
Posts: 13,753
Answer
Opinion:Strong Buy
Price:1.15
RE: Happy hatter
Thu 22:01
jiddy the ramp up of activity and interest in the Slope says it all, there is lots of oil & gas in a politically and economically stable environment, Prudhoe Bay has for years proved that oil can flow despite the hostile weather. Been a tough last few years for oil we and others have taken advantage of the lo entry price and available rebates to get established, but perhaps the years of low entry prices are nearly over.
GLTA
jiddy123
Posts: 4,984
Off Topic
Opinion:No Opinion
Price:1.15
RE: Oil Search -Alaska Strategy Sem..
Thu 21:56
You can also now attempt to monetise 88E's assets, given the price paid by OSH.

$400M for 25% - $1.6B for 500M barrels. We have 2B+ potential - you do the Maths!
jiddy123
Posts: 4,984
Off Topic
Opinion:No Opinion
Price:1.15
RE: Happy hatter
Thu 21:52
HH - you and me are on the same page my friend!

I firmly believe that the OSH deal has uplifted 88E's credibility and value to another level. Why is an Oz based LNG specialist in PNG buying oil assets on the North Slope? This question appears to have been totally missed by the markets. Perceptive individuals would have taken this on board, with a view that anything could happen now.

I hope that I am right - only time will tell!




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