Member Info for Brombarb

12:55
Last year the the jv and Rig contract were confirmed November and December respectively.
So perhaps plenty of time for announcements yet in respect of the aforementioned.
BLM Environmental Assessment for the project was completed and approved last year so permits should be forthcoming for this coming drilling season but we will not see permit to drill until much closer to the event.
Political manoeuvring not withstanding.
Alaska may be seeing wintery conditions but the ice roads will not be reforming those long days of summer will have seen them melt away.
https://www.conocophillips.com/spiritnow/story/ice-roads-the-western-north-slope-s-frozen-foundation/

12:39
Completion of this placement positions 88 Energy strongly as planning and preparations continue for
drilling of the Merlin-2 appraisal well in Q1 CY2022.
We will continue to evaluate potential strategic partners for the Peregrine Project, in which we maintain a 100% working interest.
However, ensuring our ability to fully fund Merlin-2 via this placement delivers us excellent commercial leverage and
optionality with respect to these discussions."
https://clients3.weblink.com.au/pdf/88E/02416903.pdf

Couple of stories to read and chew over.
:-)
https://www.petroleumnews.com/

https://dog.dnr.alaska.gov/Document/B26B94E2A12248D781B640E86EDBEC73/2021-09-08_North_Slope_Notification_Lessee_Map?
Map indicates "notification Lessee".
:-)

Apologies if already posted, several updated pages including.

https://88energy.com/investor-enquiry/

09:28
https://www.searchanddiscovery.com/abstracts/html/2009/arctic/abstracts/huckabay.htm

from 88E wiki

Umiat Oil Field Purchase
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=61015127
http://www.searchanddiscovery.com/abstracts/html/2009/arctic/abstracts/huckabay.htm
https://finfeed.com/small-caps/energy/88-energy-acquires-strategically-situated-umiat-oil-field/amp/
Well Data available at https://dggs.alaska.gov/gmc/seismic-well-data.php
https://www.petroleumnews.com/pdfarch/496392442.pdf
https://www.alaskajournal.com/business-and-finance/2015-01-07/linc-energy-wont-need-access-road-umiat-field-project

interestingly relatively low number of posts today considers SP activity and potential news flow in short term.
but
YTD return
416.10%
1 year return
800.30%
:-)
https://www.londonstockexchange.com/stock/88E/88-energy-limited/company-page

08:12
You may need to read the ANN again :-)
Clue COO :-)

170M (1.25%)

0.041 AUD = 0.0216 GBP

ASX (close)
4.1¢ 10.8%
VOLUME 115.9M

Chi-X (close)
4.0¢ +8.11%
VOLUME 54.05M

Share Consolidation
https://www.insideinvest.com.sg/shareinvestor-resources/2012/05/25/share-consolidations-and-share-splits/

88 Energy Ltd
EEENF:OTCPK Last | 3:59 PM EDT
0.0296
+0.0006 (+2.07%)
Volume 131,054,347

10:30
May have been referring to;
"Costs associated with the Merlin-1 well have now been largely finalised, with all major invoices now
in hand and 88 Energy’s net share of well costs is estimated to be US$9 million, inclusive of wireline
costs and additional costs associated with operational issues during the wireline program. Discussions
with vendors of services provided to 88E during Merlin-1 operations have resulted in further
willingness to accept partial payment for these invoices in 88E stock in lieu of cash and the Company
will now issue 345,000,000 new ordinary shares in 88E at a price of $0.025 per share to the vendors
in order to finalise these payments, with the balance of amounts due settled in cash. This will ensure
the Company is left in a strong financial position ahead of next winter’s exploration program"
No mention of ELKO there or in the associated cleansing statement or Form 2A.
https://clients3.weblink.com.au/pdf/88E/02377707.pdf
The announcement 21/03 mentioning ELKO did not have any mention of "shares in lieu" in the associated documents submitted to ASX.

108.4M (0.8%)

ASX (close)
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VOLUME81.00M

Chi-X (close)
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A little more on earthquakes for those interested
http://earthquake.alaska.edu/
latest map
http://earthquake.alaska.edu/earthquakes

correction last para 15:51
But ultimately I am not basing my investment here on what DW's share holding is and in any case am sure he and the company have fully complied with ASIC regulations.

21:49
I agree whole heartedly with your sentiments.
But are those performance rights actually vested and exercisable, ?
Not at 31/12/2020 and although we have seen substantial SP increase in 2021 I doubt we have seen the 60 day VWAP figure of 4.5c (3c+50%) which was a major condition.
https://clients3.weblink.com.au/pdf/88E/02351475.pdf page 26
I may be incorrect but just as with share options I am sure a cleansing and ASX form 2A would be required when the performance rights are converted to shares (if only to explain an increase in equity) which we have not yet seen I believe.

But ultimately I am not basing my investment here on what DW's share holding is, plus I am sure that what ever amount of shares he has and am sure he and the company has fully complied with ASIC regulations.

16:12
Vast majority of those "Doom preachers" just want a lower buy in :-)

13:42 We will probably have had no choice in paying the debt off, loan was secured by the tax credits.
"On 23 March 2018, 88 Energy Limited refinanced the Facility and entered into a credit agreement with FCS Advisors, LLC (d/b/aBrevet Capital Advisors). The Facility expires Dec 2022. The Facility contains financial covenants which have been met. As at 31 December 2020, US$16.00 million (AUD $20.78 million) has been drawn down under the Facility. Borrowings are secured by available Production Tax Credits and Accumulate and Burgundy acreage (refer Note 26)"
https://clients3.weblink.com.au/pdf/88E/02351475.pdf page 52

But I like you am positive about future.

13:40
If DW receives performance shares then that will be clearly announced in line with ASIC (ASX) procedures.
if I remember correctly the hurdle price was 3c but there had to at least 50% growth so minimum 4.5c has to be achieved on a 60 day VWAP so we have some direction to move and maintain yet. :-)