Member Info for Brombarb

Decent trade at 16:26hrs, can see nothing to suggest other than a buy.

20.2M (0.19%)

0.00725AUD = 0.00408298 GBP est. mid price

ASX (close)
0.7¢ 0.00%
VOLUME 18.26M

Chi-X (close)
0.7¢ -6.67%
VOLUME 1.968M

38.7M (0.36%)

0.00725AUD = 0.00407610 GBP est. mid price

ASX (close)
0.7¢ -12.5%
VOLUME 36.55M

Chi-X (close)
0.8¢ 0.00%
VOLUME 2.141M

21:12 Agree, I suspect many readers will not understand how CoS is calculated, unless you know the scores on the individual doors it is in many respects just a figure.
Sure the farmee will have seen the "scores" before committing to the project.
Ultimately only truth will be the drill.

8.4M (0.08%)

0.00775AUD = 0.00439748 GBP estimated mid price

ASX (close)
0.8¢ +14.3%
VOLUME 4.100M

Chi-X (close)
0.8¢ +7.14%
VOLUME 4.256M

I noticed that the "creaming the curve" thingie got mentioned the other day, not sure why its an issue its a standard industry term & DW used in context, he did not invent the term.
For those interested.

Creaming the Curve
https://www.cognitivegeology.com/creaming-curves-and-exploration-use-through-the-basin-lifecycle/
https://www.linkedin.com/pulse/creaming-curves-oil-gas-explortion-p-v-v-s-murthy/
https://www.enverus.com/blog/oilfield-operator-performace-creaming-curves/

88E Investor Briefing London 20th February 2017
1:09:30 on
https://www.youtube.com/watch?v=0e7wdR3BLlc

"Dave Wall:
It wouldn't be great. How much would you get in that scenario? I can tell you it wouldn't be a maximized value, or what we refer to the “creaming the curve” which is a common industry term which is creating the most value in the shortest period of time. We would get, say the curve looks like this, we're here, we could get to there with the next well. If we execute the next 10 wells to delineate, we could get up to here, and then we leave something on the table for those guys. We just sell here. You want to execute that delineation program. That's the point that we think is the most appropriate way to move this forward in the success case."
As ever read above, below and between the lines :-)

20.6M (0.19%)

0.007AUD = 0.00393074 GBP (interesting daily chart trades between 0.8c & 0.7c).

ASX(close)
0.7¢ 0.00%
VOLUME 16.37M

Chi-X (close)
0.7¢ -6.67%
VOLUME 4.212M

??

possibly as an Alt Code for a nose - will need to have been here for a few years to get that one. :-)

Our fiend Mr(Ms) S**k appears to have gone!
Will be back as someone else I am sure :-)

look at last 50 trades and excluding the UT trade yesterday pm, has price moved very much?
https://www.londonstockexchange.com/stock/88E/88-energy-limited/trade-recap?page=3
bit of mid price deviation can present any picture wanted.

given benefit of doubt!

13.1M (0.12%)

0.007AUD = 0.00393033 GBP

ASX(close)
0.7¢ -12.5%
VOLUME 10.07M

Chi-X (close)
0.8¢ -6.25%
VOLUME 3.063M

Adjacent lease to our Yukon leases so of interest, particularly as Erik Opstad is involved.
https://dog.dnr.alaska.gov/Document/95D0E3C11C444D05A862001F9BEF6862/Point_Thomson_Unit_Area_F_3rd_Plan_of_Development_-_2020_-_Approval?

ALASKA CRUDE
West Coast Delivery
$51.25
$0.84 +
12/15/2020

Making no direct link to 88E but as ever profitable oil has to be good for Alaska North Slope.

https://dog.dnr.alaska.gov/Newsroom/

if nothing else both companies on the (ice) road again this winter :-)

https://www.youtube.com/watch?v=qRKNw477onU&ab_channel=MrPhil198622

15:08
Greetings Mr M :-)

14:24 have watched GBP closely since 2014, through the Ed Duncan, Mike Mason & PANR years.
Jimbeaux on HC has an encyclopedic knowledge of them and all the various companies / personalities etc that have had involvement over the years.
If they do well this coming winter will be helpful for us IMO, but absolutely nothing is certain in oil exploration.

14:35 referring to project :-)

13:39 The "old" Great Bear Petroleum were always extremely bullish and Bob Rosenthal is still there in a key role, started as a shale play and then changed to conventional.
After the money ran out (SOA tax credit scheme) and in the interim between the 2015 Alkaid flood & PANR take over they did very little it seems, despite the modern 3D, drill data and the relatively low cost of a flow test they could not tempt anyone even their JV partner Otto Energy to finance it seems.
Could be Nabors lien issue on Alkaid leases put some off initially and to clarify the Alkaid leases were excluded from the Otto JV. eg. lease 391704
Rumour was that Ryan Moynagh ex. FD invited OSH to take a look (RM is ex. OSH so could be some foundation) before OSH did the Armstrong deal, how true I am unsure.
As Rabito has says their presentation is light on key P & P data etc so comparisons to 88E may be difficult to confirm.
Like us they have divested them selves of none key leases this month as the rent deferral scheme ran out, probably not a bad idea to cut cash burn - not sure if that has been subject of an RNS over there yet.
So do your research and decide whether is worth a punt in the run up to the drill or longer term.
If things work out at Talitha has to be good for us and just remember GBP project now +11 years on from the start :-)