Member Info for Brombarb

88E gets a mention, nothing new to regulars here but well worth a scan for anyone interested.

https://www.petroleumnews.com/home/customer_files/specialpubs/explorers_2026.pdf

14:47

0.5% reached just to put into the public's eye, seems Qube may just be wanting to introduce a little panic?

Wonder how far had Qube reduced their short after the last update in February.

Apologies if already posted here.

That top end is better than I hoped.

https://www.petroleumnews.com/story/2026/06/07/finance/glenfarne-numbers-out/50179.html

13:48

let's hope so :-)

I see that MEL results ( New lead and inventory and volumes) are available subject to NDA, good results at Kavango will hopefully fire up interest.

https://www.monitorexploration.com/

11:07

Can't see any of the major's you mention buyong in, two of the three have recently taken on fresh acreage in fed and state acreage and the other's (Hilcorp) strategy is based around buying existing old fields and getting more oil out of them via enhanced recovery techniques.

But there are still plenty of fish in the sea so I hope for early news (pre Autumn) to enable drill next winter season.

16:08

https://www.tradinghours.com/markets/otc

For anyone interested.

28 development wells 21 one of which have flowed to expectation.

https://www.petroleumnews.com/story/2026/05/24/e-and-p/first-oil-at-pikka/50155.html

For those interested;

https://www.petroleumnews.com/story/2026/05/24/e-and-p/first-oil-at-pikka/50155.html

Agree, rather than moaning on bulletin board or just tucking in bottom drawer and forgetting, shareholders should consider resolutions and vote accordingly But unfortunately to late now for UK holders via Crest if I understand correctly.

12:41

Take a look at us a decade ago when we had similar resource figures at Icewine, unfortunately resource figures mean very little unless you can get the oil out of the ground.

I am hopeful that we may find better ground at South Prudhoe and KAD River East plus of course Namibia but there are still a lot of ducks to get in a row.

gla

16:24

Low volume automated trades have an undue influence on published SP.

"Price (trading currency)

The price in this context is the price of a tradable security/instrument. This is the last automatic trade, the last uncrossing price or the mid-price of the best bid and offer prices available for the security. Within brackets you will find the trading currency of the security/instrument."

https://www.londonstockexchange.com/help/whats-issuer-profile-overview#what-is-ticker-

10:31

One of the issues is that there has been no update as to the cost of the whole project , the last estimate at US$46B dates back a number of years and stakeholders want to see the updated amount.

"Some of the missing pieces, they say, include a recent update to the project’s $46 billion price tag, a figure that’s been around for more than a decade, and a better understanding of the estimated cost of gas to Alaska ratepayers.

Before the project can receive a tax reduction, the developer needs “to help us with this bill, giving us actual numbers so that we can credibly set a realistic AVT, alternative volumetric tax,” said Sen. Cathy Giessel, R-Anchorage and chair of Senate Resources."

There is no doubt that the project is the closest it has ever been to fruition but we are talking about a massive investment.

https://www.adn.com/alaska-journal/news/2026/05/14/senators-express-skepticism-about-passing-alaska-lng-bill-before-sessions-end/

And another possible driver;

https://www.adn.com/alaska-journal/news/2026/05/07/the-military-wants-to-host-data-centers-in-alaska-raising-questions-about-whether-theres-enough-gas-to-power-them/

The wrangling goes on.

https://www.adn.com/alaska-journal/news/2026/05/14/senators-express-skepticism-about-passing-alaska-lng-bill-before-sessions-end/

06:41

I see as a positive, introduced some certainty into the future of Namibia as far as 88E's involvement and financial exposure, just need MEL to get their ducks in a row so that drill can go ahead.

As for your comments regarding "free hit" I think we will still have obligations in respect of our 20% w.i., what we are avoiding are the farm in costs that would have increased our w.i. to 75%.

Https://www.adn.com/alaska-journal/news/2026/05/07/dunleavy-blasts-lawmakers-alaska-lng-bills-saying-they-dont-offer-enough-support/

Agree positive news, we have a project with potential that could likely attract a farm in partner.

For those interested current North Slope Tundra report.

"STATE OF ALASKA

DEPARTMENT OF NATURAL RESOURCES

Division of Mining, Land and Water

NORTH SLOPE OFF-ROAD TRAVEL STATUS REPORT

May 4, 2026

DNR has completed an assessment of snow conditions on the North Slope as related to off-road travel on Stateowned land. The coastal tundra opening areas were sampled on April 30, 2026. Ambient air temperatures have

fluctuated throughout the week with highs in the mid 20s. Temperatures in the 20s accompanied by 10-20 mph

winds were observed during this trip. Presently, ambient air temperatures are forecasted to remain between

20-30° F.

ALL TUNDRA OPENING AREAS. Weather patterns and ambient temperatures have been consistent with the

Freeze Thaw Cycle, which is common this time of year.

The National Weather Service’s (NWS) Spring Breakup Outlook for Alaska issued on April 17, 2026, “North

Slope breakup potential is above average due to higher-than-normal snowpack levels combined with the

potential for cooler temperatures persisting into early May.” Additionally, the NWS reported that snowpack

measurements continued to show above normal in the North Slope. More information can be found at

https://www.weather.gov/aprfc/breakupProducts.

Observations for each specific area are provided below.

Eastern and Western Coastal Areas are OPEN. The Eastern Coastal Area opened January 9, 2026, and the

Western Coastal Area opened on December 31, 2025. Road dust and exposed vegetation are leading to some

snow-pack deterioration in heavily trafficked areas such as the Spine and Oxbow Roads. Areas of high-density

roads within the oil field may no longer be suitable for off-road travel. Generally, winter off-road travel is

appropriate in most locations. The snowpack remains deep, with many locations continuing to have protective

snow slab layers. While winter off-road travel remains open, areas of exposed tundra should be avoided.

Lower Foothills Area. The Lower Foothills Area remains closed.

Upper Foothills Area. The Upper Foothills Area remains closed.

DMLW staff will return to the North Slope next week to continue monitoring snow conditions and soil

temperatures. The next status report will likely be sent on May 11. Closing announcements will be released

separately in addition to specifically stating in this report when the opening date occurred. If you have

any questions, please contact the DMLW, Northern Regional Land Office in Fairbanks at 907-451-2740"

11:38

Sure you can go to the company website and look at past RNS to get that data, not sure it will tell us other than searching for commercial oil is hellish expensive :-(

In the good old days when SP was simply mid price we would have been nearer ~5% plus at the moment.

10.49

0.32 (3.15%)

Bid: 10.50Ask: 10.68

**Mid Price 10.59**

Pat Galvin's wife gets a mention, prpbably a good thing bill rejected.

https://www.adn.com/alaska-journal/news/2026/04/23/alaska-house-rejects-measure-to-apply-corporate-income-tax-to-hilcorp-and-other-private-oil-companies/