Member Info for Brombarb

courtesy of Spinefx HC seems a bit more developed as a website :-)

https://hotcopper.com.au/threads/ann-merlin-2-operations-update.6467630/page-13?post_id=58175888

snow cover levels achieved but ground temperature between -0.18 to -3.61 deg C at 30cm (6") at 7th Dec.
prepack activity should encourage ground cooling.
Next two weeks are cold. No daylight.
https://www.timeanddate.com/weather/usa/prudhoe-bay

16:49
don't underestimate the impact of the Biden shiver, we were in midst of snow roads and rig commissioning and equipment was I believe withdrawn whilst we awaited the permit, that delay was also possibly critical as to whether we would have had time for a side track after the power outage.

13:57 is correct no one here knows the answer, APDC appeared to suck up a lot of the costs and the involvement of ELKO further blurs the lines. Perhaps DW was referring to the drill only (based on no political shenanigans) and not including the snow roads, wireline logging and of course expenses caused by delays.
You could try an email to agilbert@88energy.com to see there is any further explanation

10:07
Great Bear's business model appeared to depend on receiving regular and pronto incentive payments from the State, when they stopped in ~2016 all works stopped, Pat Galvin with his inside knowledge of SOA I am sure knew that the payments would not be forthcoming in the short term so the writing was on the wall.
At at that point GBP had modern 3D across most of their territory and a well waiting a flow test but stumbled on for another two years before being forced into a sale as a distressed company, during that period I am sure that they would have spoken to a number of companies (rumour unconfirmed was that OSL took a look*) but despite the location near to the Dalton and modern 3D and LIDAR no one took a chance until PANR.
I have always wondered if GBP were effectively dormant or did others look at the project and either not like what they saw or perhaps what GBP wanted?
We will never know.
* Ryan Moynagh Former CFO of GBP had worked for OSL in his earlier career.

https://www.petroleumnews.com/pntruncate/74818552.shtml

http://88ewiki.wikidot.com/latest-88e-news

10:58

http://88ewiki.wikidot.com/latest-88e-news

https://88energy.com/

08:25
Artic fox is owned and operated by Doyon, Merlin-1 was drilled by All American Oilfield rig 111.
My feeling is that Artic Fox is superior bit of kit but always a chance of mechanical (power outage) issues as happened with Merlin-1.
As for the other major item of spend I would think that snow roads will be constructed by Cruz Construction.

16:46 from AOGCC
"The spacing of oil and gas wells is regulated to help protect the oil and gas rights of adjacent landowners and to help assure the maximum recovery of oil and gas. To further these goals, by law (20 AAC 25.055) there are default well spacing requirements which require various specified well location offsets. Because gas and oil reservoirs often do not conform to property boundaries, there are offsets from property lines where the ownership of subsurface rights changes hands. Gas wells can be no closer than 1,500 feet from a property line where ownership of the gas rights changes. Oil wells can be no closer than 500 feet from a property line where ownership of the oil rights changes. Exceptions to these offsets are sometimes requested drill wells that do not conform to the rules because of special geologic conditions."
At the moment the nearest well is Talitha which from memory is ~3 miles from boundaries.
bit more at
https://en.wikipedia.org/wiki/Oil_and_gas_law_in_the_United_States
more research may be required

Have a good one :-)
https://www.youtube.com/watch?v=5GrALCfxrSo

ANWR may be uncertain but US still wants oil from Federal Lands, it seems!
https://www.alaskajournal.com/2021-12-01/interior-department-report-seeks-more-revenue-oil-and-gas-federal-land

14:35
Yes high by recent standards, plus matched markets, brokers only facilitate the trade, they not buy and sell like AIM & OTC.
:-)

First time I met Dave his first concern was that I realised the risks here and was "not all in" .
Never ever did he make out to me that anything was guaranteed.

Bit late today been helping daughter get set back up after 6 days no power and water.

125.4 M(0.87%)

0.028 AUD = 0.0149 GBP

ASX (close)
2.8¢ 7.69%
VOLUME 110.2M

Chi-X (close)
2.8¢ +5.66%
VOLUME 15.18M

19:23 sure you are not stupid :-)
permit to drill applications whether on Federal or State leases are subject to a 30 day public notice period.
Permit application made around beginning of November.

Will happen when it happens, public notice period for the permit application has now passed.

Great Mooses Tooth is an NPRA field.

CP not given up at Willow
"Lelarge said the company is continuing to advance detailed engineering and design work on Willow while its permitting team works with Bureau of Land Management officials to remedy project approvals partially vacated by a U.S. District Court ruling earlier this year."
https://www.alaskajournal.com/2021-11-24/conocophillips-readies-greater-mooses-tooth-2-startup

volume in ASX larger than average but not mega, last trade drop. visible on HC site graph.

73.5M (0.51%)

0.025 AUD = 0.0134 GBP

ASX (close)
2.5¢ -3.85%
VOLUME 64.58M

Chi-X (close)
2.5¢ -3.85%
VOLUME 8.940M

Bit of olde English
https://www.youtube.com/watch?v=gSWInYFVksg&ab_channel=TheTroggsVEVO

Just as we are constantly encouraged by some to re-evaluate our investments here I am sure that there are plenty of risks in all exploration ventures.
" Industry sources who have followed the Great Bear-Pantheon work have generally said it is very probable the company is on a significant oil column, but the porosity and permeability of the rock formations — and the ability to easily get the oil out of them — will most likely determine the ultimate size and success of the Theta West project."
https://www.alaskajournal.com/2021-11-17/north-slope-explorers-prep-winter-work-oil-search-waits-little-longer-pikka
Seems to me that getting the oil to flow may / will involve some fine tuning and a little luck.
A bit of history
https://freerepublic.com/focus/f-news/2684401/posts
Quite a few of the old GBP Directors remain with the new outfit.