The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
11:20
That is some error in that quote.
Always best to do your own research, you can go to DOG Alaska and view the original permits complete with borehole coordinates, lease nos. etc and work out very accurately.
https://dog.dnr.alaska.gov/Library
see also
https://dog.dnr.alaska.gov/Document/Download/9351D6244BEE4C6CA840BCB1F9280864/North%20Slope%20Activity%20Map.pdf
10:38
The distance between the two well you mention is a lot more than 1.5 miles, based on borehole coordinates ~14.3 miles.
GBP well Talitha-A is ~9.4 miles from Hickory-1
I believe that GBP planned a well closer to Hickory-1 (Talitha-B) but that is yet to be worked.
19:28
Not sure why date changed.
https://clients3.weblink.com.au/pdf/88E/02790292.pdf
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15:23
Unfortunately you did not need a crystal ball to know that a CR was inevitable, there is no magic money tree out there and for a junior explorer options are very limited.
Would those invested (only ones who matter) prefer the company does nothing , be unable to pay rents and ultimately cease trading?
At the moment forget all the talk of more dilution ,what is important going forward is whether any funding raised is going to be used wisely to grow the business and utimately create shareholder value.
I suspect that the BLM leases will ultimately be given up leaving us with Phoenix, Leonis, Icewine West and Namibia, I am discounting Longhorn as development opportunities are limited, can these projects work?
The company has promised cost savings at head office level but there is no detail yet apart from the information that Robert Benkovik 's contract will not be renewed but as far as I aware that is all so far.
Finally the Company's AGM is 13th May, I would suggest that investors should not waste their votes , voting via UK brokers is (if HL is a good example) very simple with minimum effort, by I believe 8th May.
17:12
Last weeks news, 88Es existing leases in the NPRA remain technically drillable, however even if we discovered oil I suspect that costs involved with infrastructure coupled with all the environmental wrangling would make it unattractive now, in the past it was hoped that CP's Harpoon project would bring pipelines and roads closer but that looks less likely.
Currently our leases are in suspension (12M rent free) whilst we discuss with BLM the likely outcomes.
The Biden Administrations actions do not impact State Leases, so Phoenix, Leonis and Icewine West are not affected.
In my opinion it would not have mattered what results were achieved at Hickory-1, we would still have had that same posters on here either ex "investors" who lost money and are bitter and twisted, those who are just bitter and twisted and those apparently terrified that 88E may actually gain some traction, its a shame but a fact of life on anonymous boards.
I see very little altruism rather self interest.
21:25
Those "sandhoppers" where bulk trailers at 90 degrees not fixed hoppers, given the volume of fraccing sand used its qute possible that they could have been off site being filled or just dropped onto wheels and legs.
Video released by 88E walking round Hickory-1 clearly showed the trailers.
I have not seen everything that GeodesRock49 has posted but from what I have seen seems a knowledgeable and realistic poster.
That twitter post is not all sweetness and light and mentions the dilution we shareholders have experienced to get to this point but balances that with what may result from this discovery.
I am surprised at D45's ingnorance :-)
18:55
I have worked with and known plenty of employees who make exceptional efforts without the need for generous incentive schemes, look at past financials and you will see that even when performance rights have been earnt Ashley has chosen to take a cash benefit in liew of shares, just looks a bit of a kick in the teeth for investors.
But that is my personal opinion.
13:28
AGDC have to find investment Alaska Gas Pipeline project est. at $38.7B in 2020, current estimates (see link) even higher,
Greens have vowed to fight it all the way.
At the moment its far from certain to ever be built.
https://www.nsenergybusiness.com/projects/alaska-lng-project/
Firstly the header is factally incorrect, Dr Stephen Staley has some skin the game (14M) but I am sure you knew that as you have read the ANN Report.
As for the rest I agree their lack of buy in is shameful as is the level of their salaries.
I have voted against staff incentive (performance rights) schemes in recent years because I think the salary levels enjoined by Ashley and his merry band should be more than sufficient.
19:41
Unfortunately our leases in the NPRA have probably become untenable, I suspect that although drilling on the actual leases may remain a possibility we will find more and more evironmental restrictions and even if a big discovery was made the costs of meeting those requirements would knock it out, the risks of green lawsuits (as COP with Willow have experienced) is probably just too great..
Current leases suspended (12m) by which time BLM will have more answers and a final decision can be made.
14:13
Correct
http://88ewiki.wikidot.com/burgundy