Member Info for Ayecuramba

08:48 - think he is referring to people being less likely to invest in O&G due to the LA Fires being worsened by the climate effects, the reality is tho that whatever your thoughts on this existential issue the world needs interim reliable energy sources and PANR is keeping the homes warm and the lights on until then, essential...

Seems to be zero information on the event, has anyone heard what the meeting will be about?

Any idea why Trump would want Greenland?

Certainly won't put him in a strong moral position in relation to other territory conflicts...

... and then we were over 35 ;-)

19:56 - thnx Brom and while I accept the deal may not be exclusive that is a positive for 88E longer term being in the vicinity of the prospective Pantheon find and potentially the same quality of gas, time will tell but the interaction of the 2 resources bodes well for both companies, obviously we need to see a partner and production timeline before any of this matters but positive news for the future for all…

No they have stated they will fund thru debt, as there is clear income to balance this

Well I believe Pantheon have an exclusive 2 year period for gas supply into the proposed pipeline, as long as any gas found is of similar qualities to Pantheons there is no reason in the future 88E could potentially benefit, no matter what other may posit as ‘facts’ :-)

For me 95p would be minimum, this could easily hit £1.50 in the next 2 years but would be happy to bring it forward by 18 months :-)

88 Energy (88E.L, 0.08p, £24m) Burgundy Xploration has paid US$1m of the outstanding US$4m cash call, as such 88E has agreed to extend the deadline to 15 February 2025 for the payment of the remaining US$3m. Burgundy’s stated intention is to provide a full carry for the anticipated CY25/26 work programme in exchange for an additional working interest in Project Phoenix. Planning and design for an extended horizontal well flow test of the SMD-B reservoir is progressing with final recommendations for the completion strategy expected to be received by the end of 4Q24. At the adjacent acreage, Pantheon Resources will commence at extended well test in 1Q25, targeting the Aphun Eastern Topset reservoir.

02:45 - couldn't have said it any better, I am sure he could have some contribution for 88E shareholders with all his knowledge but seems bent on bashing all and sundry ad infinitum, so sad...

I am sure you are, in which case that post was not for you but for the many other investors reading the board :-)

Past payments are no indication of future payments having said that they have delivered before, there is no such thing as certainty in oil & gas, unless it is a well that’s been producing for 10 years, this stock is about moonshots not dead certs, so be careful u understand that :-)

11:47 Yeah, because as everyone know, no matter how good the future for a company the share price is all about these 3 guys, laughable for Happy New Year :-) Your chance to get on board is ebbing away with each passing day but what do you care...

He seems to think that saying a lot of words means he is saying a lot but it is the opposite, it’s just his way of saying ‘I am right and you are wrong’ it’s really quite sad but then he is consistently sad, wishing you a better 2025 we are all fine with 88E, this is exploration world, we see the reality and we are still invested unlike you…

Hmmm, well clearly while the decision is easy for you Burgundy remains commited to 88E, $1M delivered and $3M to come in the next 6 weeks, who can say which way the cookie will crumble, Happy New Year :-)

Looks like the CEOL application window has been extended until Feb. '25, CTL state they will use the extra time to allow the submission of additional information and expect to submit before mid-Jan. '25

This is the nice bit for me "The agreement also lays down the acquisition of three key gas marketing contracts held by STCBL. One of the contracts is for domestic sales and the other two are associated with the Atlantic LNG facility. This dual-market strategy ensures that Touchstone can capitalize on local and global gas prices." Roll on 2025 🙂

New piece published today...

https://finance.yahoo.com/news/shells-stcbl-acquired-touchstone-23-105200439.html

10:36 - well the extra 2000 is $36M annually and they are talking about optimised drills being $4-5M per drill, so I think you can do the math too :-)

08:57 - The new proposed (totally not in place yet, maybe not for another 2-3 years) is for gas not oil, there is an existing pipeline for oil, so I think you maybe are mixing things up, however it is true that production from these wells might be another 2 years away that I believe has not changed...