Member Info for Brombarb

yet another 5M buy today @29p 16:34
seems a regular fixture :-)
need a few 50M buys but better than a kneecapping.

mega (by recent UPL standards) trading so what are the causals, news to come, FOMO, P & D? :-))
welcome movement in a positive direction.

14:59 we did drill Icewine#1 & #2 in the same spot effectively. But like your optimism :-)

inspired by a post I saw via "latest share chat"!
Think most us have accepted the common wisdom that our shares if held in nominee accounts can be lent out for nefarious purposes.
Perhaps not in every case.
see rule 25 Hargreaves Lansdown
"Share certificates (where appropriate) will be held in HLAM’s safe. We may be required to give your details and details of your shareholding to Companies House, the relevant company’s registrars, or the company itself (or its authorised representative). Investments will not be lent to a third party and we will not borrow money against your investments. "
May be worth checking your providers if not HL, in fact may be worthwhile checking if you are with HL to ensure I am telling the truth :-)

10:48 excellent post and shows clearly why best to only use posts here as a catalyst for own research.

by the way not invested here but recognise a good post (I think) :-)

19:47 If I was the CEO of a potential FO partner the data would be my primary concern and I would have my geologists and reservoir engineers pouring over it to ensure it's efficacy and potential commercial worth before considering any deal.
That's what PMO did and they thought they could make it happen, their decision to invest US$23M was no overnighter.

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see a trade from 9th April has just popped up, weird!

V111 although my opinion is that ultimately we will be paid, I have to accept that Alaska is potentially in a worse state than 2016 when repayments were first vetoed and do share your concern as to viability of bond plan in current times, indeed I have made that point myself.
Just another cross we have to bear I am afraid but it's a heavy one and has impacted greatly on our finances.
What seemed in hindsight a great plan loan backed by SOA and with up to 75% support in respect of exploration expenditure has ultimately not helped us a lot.
Without the Forrer lawsuit this would now be history.

15:08 always been the same we have not moved :-) , although perhaps future developments from GBP, Jade & NPRA (COP & Malamute) may make us less remote, would have been good if we could have proved up Alpha adjacent to The Dalton.
Have to turn permit activity into firm drilling activity.

this link should work
http://dog.dnr.alaska.gov/Document/4CC2209370004C1E96FDD4DE519C645B/2020-05-18_Activity_Map_North_Slope_Web

Updated Map
dog.dnr.alaska.gov/Document/4CC2209370004C1E96FDD4DE519C645B/2020-05-18_Activity_Map_North_Slope_Web

08:28 consigned to my "dustbin" after very first post :-))

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19:04 probably correct.

19:54 The State of Alaska is obliged to repay the tax credits and there is statutory calculation in respect of repayment that has been budgeted for but will take another ~4 years to complete, the court case revolves around whether a bonds scheme can raise finance to in a one off lump sum, one way or the other the tax credits will be repaid it is just when.

17:07 I agree DW is the man at the top and so shoulders ultimate responsibility but it's also important to understand that in the operational side of the business he will be led to his decisions by the information and opinions of others who are qualified in reservoir engineering and oil geology etc.
DW has been responsible for taking us into Alaska, doing the jv deal with BEX and rightly or wrong building the acreage including some 3D, doing the deal for Winx and negotiating the FO with PMO and ultimately raising the cash to keep the ship moving if ever so slowly it seems.
As I have said many times if the explorations credits scheme had continued, even if SOA pulled the scheme but paid as per historically so we cleared our debt and avoided hefty interest payments things may have been happier, instead we have had 3 + years of interest payments that may reasonable not been expected, that plus the loss of Paul has changed the picture some what.
Look at the original Great Bear, BRPC and other junior explorers - Alaska is tough place, the exploration credits scheme mitigated much of that.
I am not apologising for DW's salary, all I am saying is there are a lot of factors at play here that some either are not aware of or choose to forget .

New web site for those interested, not sure if it gives anything new, not sure if I like it yet but time will heal no doubt :-)
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https://www.londonstockexchange.com/stock/88E/88-energy-limited/company-page

13:30 seen a few complaints on other boards about directors who do not buy in so it is not always so universal, you seem transfixed by DW's salary but in reality it has little to do with our present position.
Disappointing drill results (2 science, 1 shared well and one paid for by PMO - although none positioned by DW) and the SOA tax credit situation that could have been resolved by now except for vexatious litigation.
As per WAa's post last AGM 65% of those voting chose to accept the remuneration package resolution (28% against) and more tellingly 64% voted against the spill resolution.
The BOD have reduced their salaries in line with the companies present situation and of course Covid-19.
That the XCD deal works out well for the company is my only concern at the moment.

14:56 I can remember at the start of C-19 HL like many companies pulling services due to changes in staff and office arrangements so we will see what the "now" position is, when they email back - hopefully next couple of days.
Certainly expensive to do it ones self unless you are lucky enough to have the SP work for you, I would not risk it and no particular rush it seems at the moment.