George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Released Nov 07 2018
https://finfeed.com/small-caps/energy/88e-exploring-large-scale-multi-billion-barrel-oil-resources/
keefy
PerthOG 13:11
Just looking at that as your post came up. Sorry to interject Brom.
From a FinFeed Small Cap WebPage
Yukon leases maiden conventional resource: net mean prospective oil resource – 90 MMBO (100% 88E)
The Yukon 3D seismic, acquired by 88E in the first quarter of 2018, has been fast track processed, with mapping undertaken to assess the maiden prospective resource associated with three sand bodies identified on the leases.
The Cascade lead, has been upgraded to prospect, a Brookian Turbidite Fan Play, while additional prospectivity has been mapped within Staines Tongue Topset Play.
The Cascade Prospect is the largest of the sand bodies, containing ~92% of the preliminary mapped resource on the Yukon Leases. The Cascade prospect is interpreted to have been intersected in a downdip location by the vintage Yukon Gold-1 oil discovery well.
Yukon Gold-1 was drilled in 1993 and discovered two oil saturated sands in the Canning Formation with porosities exceeding 18%. Up until the 2016 commissioning of infrastructure at the nearby Point Thomson gas/condensate/oil field, an accumulation of this size would have been considered stranded. Internal modelling suggests that break-even development price is now less than US$40/bbl.
Next steps will involve generation of an inversion 3D volume to further delineate and de-risk current mapping. An update is planned for the next quarter.
Happy Reading Perth
keefy
Hi Brom - is there a high level MMBL figure for our Yukon ?
no problem, as an aside the lease (393872) we have just picked from the 2018 sale was actually Savant's, they did not relinquish until after the 2017 sale notification date and that was why we were unable to buy earlier.
My view is that there have been to many coincidences such as the 3D survey we latched on to immediately after bid accepted, Erik's tie in with Exxon etc. Hope we see value.
yes,thanks for clearing that up brom
Thanks Brom
Jade is 50/50 ownership Erik & Greg Vigil (ex savant), they have lease 343112 62.67% WI the balance with Exxon.
Jade are formally part of the Point Thompson working unit.
more at
http://88ewiki.wikidot.com/yukon-leases (bottom of page)
Thanks SBrown of course Jade and and Eric Opstad. Isn t there a link with Exon Mobil in there as well.
Not 100% about it being jade but it's definitely a company with our drill manager Eric opstad running it. I'm sure another poster could confirm exactly who it is.
Think it's a company run by Eric opstad_ jade energy I think and they have a jv with BP. That's from memory so could be wrong. Gla
Who are our neighbours bordering Yukon?
00:32 I agree must be a possibility.
" Monetisation is the process of converting or establishing something into legal tender. While it usually refers to the coining of currency or the printing of banknotes by central banks, it may also take the form of a promissory currency."
VIIIJAS... I did wonder. Cheers.
Neversatisfied : I can`t speak for Reaper but I`m 99.9% certain it`s a typo .
Should be 16.09 . Not 16.19 .
Regards . V111
At least Moneyhawk understood :)
My feeling of something soon is on the monetisation of Yukon. Not a CR. But I do realise we will need funds so if no monetisation of Yukon then CR is possible looking at history. I been invested here since before icewine 1 so do have plenty of knowledge on this. But thanks.
16. 19..Don't understand your comment Reaper. DWs words, the monetisation of Yukon. Been here a while and never tried to manipulate anybody. So can you please explain as you got me confused. You had too many beers?
16.19 - an unfortunate post(?) Can anyone take this seriously? Poster either has insufficient knowledge of this board or is trying to manipulate newcomers; either way the post is weird. Meanwhile, back in the real world...VGLA
stockdale16.09:
`Give it a rest stockdale . You're sounding perverse.`
(~~~and have been since you came back here from your three week holiday.)
And let us all remember the invaluable research etc. published on wiki88e for our benifit
I remember a time when Brom did give it a rest, and we were all glad when he returned! He is in my opinion one of the most valuble posters on this board.
It indeed been an interesting few days. Last week our batting was a disgrace but just a few days later we won. What a result.
Come on England.
Des grow up ??
Desmond45 13:24
Des, Des, Oh ye of limited vision.
Come on guy, was that your best effort?
If that's the extent of it, save your energy, its just too darned hot.
keefy
siockdale
if there is anyone on this site you can trust
it's brombarb
give us a break
atb cat