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17:13 interesting interview, thanks for link.
there!
Thanks for stepping in their Brom, much appreciated.
15:07
Looks good.
14:34 Red Technology Alliance (Halliburton) had a long standing w.i. agreement in many GBP leases, possibly as a means for GBP to get technical work done without cash being exchanged, but just guessing.
see lease 391704 as example.
http://dnr.alaska.gov/projects/las/#filetype/ADL/filenumber/391704/landflag/y/searchtype/casefile/reporttype/abstract
sure if backtrack Petroleum News the full story will arise.
from 1min 39 secs
14:36 :-)
Have added link to;
http://88ewiki.wikidot.com/latest-88e-news
11/09/20
I give up!
Sorry link not sharing its ********** that's missing
hTTps://next.**********.co.uk/articles/88-energy-strategic-minerals-paul-hill-russ-mould-94f68db/
All, I don't believe this has been shared on this site, well worth a listen. Interesting to note the plans to get a third party estimate and talk of possibly a contingent resource designation. I think anything from a third party will certainly help after Premier walking away. PANR had something similar with Halliburton last year and Oil Man Jim was all over it. A few weeks later a CPR was released showing Oil Man Jim to be completely incorrect.
I must admit I am still confused about the porosity differences between what was reported in July and those reported now. Its unclear to me whether this new work may be the reason for it.
https://next.**********.co.uk/articles/88-energy-strategic-minerals-paul-hill-russ-mould-94f68db/
09:44 it's tough for all companies on the slope a bit of research will show that, unless you are a major with a lots of cash for exploration then it will be a hard slog and could take many years.
It's a fact of life, Bill Armstrong partnered with Repsol to achieve what he did.
Come on csw12. This is what DW was referencing last November when he talked about ‘identifying a market and selling into it’ or words to that effect. It’s something he does really well and in fairness it’s to the benefit of 88e shareholders. The higher he can keep the share price the less dilution there will be when a cash raise occurs. Lets not be naive and see it for what it is.
People need to ignore all the fluff and ascertain what the risk and reward is. Like DW also discussed last November when he said the Charlie 1 well 50:50 but the upside was 4-5 fold and the downside was about 70%, a good bet. After this people still maintained the upside was >10 fold and the COS was higher. I used to get called a deramper for highlighting DW’s comments.
The problem he faces this time is the risk reward from Peregrine doesn’t look as good, approximately a 1 in 3 chance of success with about 3 times the upside by my calculations. What will make it more convincing if he can persuade people the downside is limited due to value from Charlie results. That’s why the updated volumetrics will be important. It will be interesting to see if he gives an OIP figures as well as recoverable and if there is any comment on NPV/barrel or breakevens. The breakevens for the HRZ have not been updated post Icewine 2 and there is probably a reason for that.
DT, why do you keep posting that? The last time you did so, someone pointed out that it was standard wording apended to all of their posts, and therefore not specific to 88e.
Why repeat yourself?
Thanks Brom, good work as usual.
http://88ewiki.wikidot.com/latest-88e-news
http://88ewiki.wikidot.com/npra
- Advanced seismic attribute work has identified several similarities between the key prospects at Project Peregrine and existing discovered fields nearby
- Fluid factor at Merlin and Harrier Prospects analogous to that at the large Willow oil field north of 88E lease position
- Farm-out discussions at Peregrine progressing well, on track for 1Q2021 drilling
Good article on Finfeed:
https://finfeed.com/small-caps/energy/promising-seismic-reprocessing-88es-project-peregrine/?utm_campaign=88E-20200923&utm_source=twitter.com&utm_medium=social