Member Info for Brombarb

15:40
If you bothered to look at the last quarterly report you would have seen that there was a note against 8.2 explaining that final costs for Merlin-2 would be paid in July, probably explains the change in financial position.
Possibly will have to wait Q3 report for exact details.
if have evidence to substantiate your claims then report it to the relevant authorities we would all be grateful if you were indeed proved correct.
Poster are welcome to voice their opinions but some posts are possibly libellous, posting on a bulletin board does not mean you are exempt from the law of libel

14:39 if you truly believe that, then this is time for you to sell!

10:57
There does seem to be a lack of clarity at the moment, the fact that we are using the CR to help finance preparations for 2023 drill and the absence of any more mentions of a farm In does not help instil some confidence.
It could be that FO negotiations are ongoing but we have signed a none disclosure agreement, but surely if that was the case we could state "we have signed a none disclosure agreement"!

10:57
At least it proves that no one is "locked in".

Not sure if posted here previously.
https://dog.dnr.alaska.gov/Document/Download/1999D52F446F4801888204965E49A84E/2022-06_NS_ActivityMap_Web.pdf
more at;
https://dog.dnr.alaska.gov/Newsroom

Chrisev1
Been involved in previous share offers here, all that has happened is that it has taken weeks to complete during which time the SP has fallen below the offer price, many shareholders believing they could take up the offer and sell the shares they owned to finance the new it seems.
Go back through our announcements and you will see how it just created bad feeling as though who took up the offer ultimately paid more than those who just bought on the market.
There have been suggestions that we could utilise Primary Bid type offers but at the last time of asking they could not offer across our three main exchanges.

09:12
Its very likely that 88 Energy is "actively assessing" other opportunities after all that is how they got into Alaska in the first place and also Longhorn , so I do not understand your final comment unless you have definite knowledge that the company is NOT doing what is says.

22:41
Sure some must dream about it, in the past DW was definitely anti but he was also had a lot of shares so probably a vested interest, will the current board maintain the same thoughts?
I see little reason for consolidation, perhaps if we were being courted by an institutional investor maybe, but otherwise we do not live in a world of quills and paper anymore, it's just noughts on a keyboard.
Is penny stock status is beneficial to us on OTC ?

07:26
I think all we have seen from the company is "2023" so options may be open, however the only existing gravel pad on our leases I believe is at lease 392301 which I doubt would be utilised again.
For exploration wells it is generally the case that ice roads and pads are used to minimise tundra disturbance so that means winter season.
Although GBP have constructed gravel roads & pad for current drills, their location (close to Dalton) and the existing successfully flowed Alkaid-1 have obviously been important factors in economic terms & approval.
I am fairly sure that apart from the extra expense of going gravel there would also be a bond payable to the state in the case that wells are P & A and the tundra has to be restored., although I am sure the benefits of 365 day access and relative permanence of structure mean that any additional costs are far outweighed by the advantages.

16;41
Interested as to what the "long lead items" are, deposits on rigs? ice road & pad? etc etc, its obvious that A$10M will not go very far so one has to wonder what the plan actually is to achieve the objective of a drill in 2023.
"The net proceeds of the Placing, together with the Company's existing cash reserves, will strengthen the Company's balance sheet and will provide the Company with sufficient capital to finance potential new ventures, purchase long lead items required for drilling of the well at Icewine in 2023, and also additional working capital. Following completion of the proposed Placing, the Company will have sufficient cash to fund its ongoing working capital requirements and general and administrative overheads for at least 12 months."

13:27 Farm Out in respect of Icewine East has been mentioned on a number of occasions, must admit it is odd that there is no mention in todays announcements.
"determine optimal drilling locations for future exploration and appraisal wells. In addition, the FB3D will provide key data for potential farm-out partners"
https://clients3.weblink.com.au/pdf/88E/02535257.pdf

09:53
email = post :-(

09:29 just responding to email at 08:14.
Yes I can see potential significance of timing of release, but will IRR makes a significant contribution to whether CR achieves objectives or not...
Not sure.

08:14
As you say would have been more acceptable if based on licensed 3D, not sure what drivers were for compilation of IRR based on 2D but unless necessary for farm out negotiations?
Take it for what is, after all how accurate( reliable) is any IRR whether based on 2D or 3D, if we do get to drill in 2023 then borehole positioning will be based on modern 3D analysis.

08:06
Trading Halt in ASX to enable CR
https://clients3.weblink.com.au/pdf/88E/02551594.pdf

08:35
I would be more impressed if those posters constantly making accusations of impropriety by the board and employees / consultants here did actually take it to the regulators, but of course we know that will not happen.
At the least (and if shareholders) they could raise a question to the board and present their evidence, I am sure it would be worth them buying a few shares to do if needed!
I do not believe that there are any altruistic motives in their posting and do indeed wonder who is pulling the strings on occasions :-)

16:12
Icewine 3D seismic announcement
https://clients3.weblink.com.au/pdf/88E/01950699.pdf
Plus permit details on
http://88ewiki.wikidot.com/license-area

Also 3D obtained at Yukon.

Not much happening :-)
https://www.petroleumnews.com/

Seems like the Democrats have had to curb some of their views.
May hold only as long as O & G prices high of course or may change entirely if republicans get into power.
https://www.alaskajournal.com/2022-08-03/cook-inlet-lease-sale-included-manchin-deal

17:16
https://www.malcysblog.com/2022/05/core-finance-managing-director-interview-george-lucan-angus-energy/