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BeverleyBeaver
5 years from now? $5 per share accumulated (SP + Capital Dividends + Quarterly Dividents)
Known as 500 Bagger, ha ha.
Reason - we own a lot of land, BoD are farming it out bit by bit.
Many FO activity will make them rich and us rich.
Without The Big Guys taking the Big Profits.
I think this is where BoD skill lies.....
Phrontist
Goldstinger, Note to Emma did use the magical get-out IMHO:
PS if you buy now, you cannot lose after six months....IMHO
But your comment 'cannot lose' is a bit strong by me etc. I agree with you.
I was in a hurry, it was brief. etc.
But my feeling is based on 4 years of 'intense 88E' as big learning curve.
I have never been involved in Oil & Gas Exploration before, as most of us.
We build up a lot of knowledge in our heads, read many web sites, go to many 'Presentations' with PU afterwards, reading Wiki, RNS's, etc.
I used to have regular chats with Paul B about the industry and how we (88E and BEX) fit in with our projects.
And, my conclusion is:
Great work has been done, some slip ups made, SP has failed us.
Sadly PB died and a long standing Director of 88E in Perth.
But since circa mid-2017 I think 'they' got a grip.
And more intense work went into what is happening in the field, under the ground.
This business is more than just finding a spot, then drilling a hole, and hope....
How and when will we start to make revenue, actual money from someone or for something.
Conventional FO is a first step in this vein. We ARE going to sell some oil in Q1 2020. Yes?
Then BEX and 88E will become Big Boys....with big SP.
Roll out similar for Unconventional, Yukon Gold and Western Blocks.
All are about contracts that will bring in money.
And technology people to get field work right.
We have spent circa $100m (shareholder) cash for 4.5 years with NO revenue.
But now I believe 'they' are getting a grip. Real talent is showing.
We have accumulated contacts, experience, data room 'knowledge', Seismic results, etc.
The Team are in a very strong position now.
A great deal will happy over this coming 12 months.
That brings in $$$
IMHO Phrontist
If DW wants another CR just get it done. He said 2019 could be a transformational year. Yes he covered himself with ‘Could’. I have struggled to believe the RNS’s he writes. I wish he would just be straight and say. This is what we are going to do and get on with it. He is getting well paid by us. Angry Friday. Dislike bluffers.
FFS yet again expectations come to F all, 100 to 200 bagger, creaming the curve, etc etc, 88E comes from down under, and so am i, or at least my shares are, years and years one flop after another...oh i know next year will be rosy, the only f****r smiling here is him at the helm. Time and time again...and the audacity to kick our arse at Headingley too. To much just to much, I refuse to believe this share is a dog , even though all my mates shake there head, was supposed to retire earlier in the year, but no cant afford to now ..thanks 88E...rant over..time for another Guinness
is there nay reason why DW might want the share price to remain low for the time being? would a CR be easier to push through at a lower SP?
this may explain why the RNS is written this way?
I've been away for nearly three weeks with little internet. Now we have the news expected at or before the end of August the market has shown no positive reaction at all. Very disappointing, to say the least. I presume this is because the news has yet to play out over a matter of months in to 2020?
Dave is ****, at formulating announcements. I will give him that. Good guy though. And he did a reasonable deal here.
Absolutely agree. I think the deal was great. RNS/ANN did not capitalise on the deal. It could have been much better. Announcements from the company have always been very poor I will admit.
DW better get a scriptwriter to get him out of this mess. He has written a number of poor RNS’s. We are stakeholders and deserve the facts.
Oh I nearly forgot Phron! Which of the animals mentioned do you align towards? I think I'm a cuddly quokka like Brom and WA. :-)
Hope you are right Phron about the "cannot lose". It's also my opinion but admire the strength of conviction. :-) More good news before Q1 2020 in my opinion.
GS
Emma, most of the 'names' on here are not humans, they are wolves, bears, foxes, scopians, mamba snakes, etc.
But you can use the online 88Energy Education Course:
http://88ewiki.wikidot.com/
Any problems with it, contact Brombard...
PS if you buy now, you cannot lose after six months....IMHO
Phrontist
Lol, Jiddy isa stick to blue socks if I was you. :-)
My question was one of concern!
Novice investors should start of with Equity Fund ISA's and Blue Chip stock, and not AIM Oilies as you well know.
Jiddy
Give Emma a break, we were all inexperienced once. And even seasoned investors get their fingers burnt!
Ecuagold : Might be a good point to go back thru a few rns's, DW already stated that plans are being considered to monetise Yukon. Yes sparse on detail yet provides insight to how DW is plotting the way forward. Perhaps some further hints in the next presentation. ? IW2 already mooted via separate FO, currently at the soft FO stage.
I'm having a hard understanding what the RNS even means :D
The market is very unimpressed because their was no up front money to fund on going operations, salary's, etc. And what of Yukon? No money to develop. No money up front from fields that could spew well over 1 bill barrels, so what is Yukon worth? Our cash balance is rapidly shrinking, and the market knows what will come next, hence the currently depressed sp.
Phron
From original permit
" September 27, 2017, Accumulate Energy Alaska, Inc. (AEA) submitted a request to the Division of Oil and Gas (Division) for approval of a Lease Plan of Operations (Plan) to carry out the drilling of two exploration oil wells: Bravo #1 and Charlie #1. The Bravo #1 and Charlie #1 exploration wells are approximately 24 and 27 miles west of the Franklin Bluff Pad (FBP), respectively, and will be accessed via a tundra winter ice road (TWR) starting at Dalton Highway milepost 386.5 (MP386.5). Approval of this Plan, along with approvals from other state and federal agencies (Agencies), is necessary for AEA to carry out this project. Any further exploration is subject to additional review and approval by the Alaska Department of Natural Resources "
Western Fairway our territory is vast :-)
I am making an assumption that Charlie will be in same approximate area.
There is a Chain forming.....
PB leaves CP after long successful career.
PB starts Burgundy Xploration
Burgundy does early exploration work in Alaska
Burgundy opens Alaska Door for 88Energy
88Energy opens Alaska Door for Premier Oil
XXX opens Alaska Door for Tier 1 volume Production Company (2021 onwards)
88Energy are retaining interest to secure long term % of Production Revenue
Phrontist
Bottom line now for FO Contract is:
Last 4 months of 2019 prepare road, site, array of equipment, moving of new drill rig, accomodation and admin cabins, etc.
Remembering, this new drill site is near to TAP and Highway.
(Use Franklin Bluffs pad as Base Camp??? Not sure)
Final Prep of site, drill program through 7 possible layers - Jan Feb Mar 2020
Equivelent to 7 drill rig operations.
This is about as quick as possible. EO must be having a great time in Alaska!
88E are the Operator (this is good).
How much is 88E paying in cash? $0
We pay New JV Partners out of oil sale proceeds (88E / BEX / PMO)
After long negotiation, this is simple easy to execute program.
This is a small % of our total oil asset position.
But will break the bogey by achieving oil flow on a commercial basis.
The excitement of Q1 2020 Drill Program IS WHY WE ARE HERE
So, no complaints please.
Personnally, I cannot see how shareholders could have asked for more.
Any deal with Tier 1 would dwarf us and end up paying us little $$$
Yes, a big business has higher guarantee of success at drill time.
Or does it? Check out PMO, DYOR
Phrontist (clutching his bundle of shares)
Oil production 2024/25, I'll wait till then. Lol.
It is worth observing something.
The net to 88E is volume of oil that is going to be raised and sold for us - Free of Charge.
No further CR's required (on this).
Here is calculation: $/barrel x no. barrels = $ to 88E over period (?) of time
This is a great deal.
Congratulations to DW, ME, SS, MM and EO plus teams of Negotiator, Computer Tech, all other staff.
This is a really efficient deal for 88E.
Read that long article Jiddy reminded us of below.
Please do not whinge until you have read this article and understood it.
THEN if you have problem, air it on here....
Phrontist
After all the PR yesterday, DW has issued today 23rd August 2019 his official 88E RNS on the FO Contract.
The second page is a usefull table of our conventional oil resources post-FO Deal.
RNS's are always essential reading (between the lines....)
Phrontist