Member Info for Brombarb

May have posted already - apologies etc
https://smallcaps.com.au/88-energy-off-market-takeover-alaska-oil-hunter-xcd-energy/

PS journalist nothing to do with me ;-)

08:42
I think its worth taking a few hours, I have been aware of DW's shareholding at Elixir for years and also the Emerald / Entek / XCD story in Alaska and the Erik Opstad involvement at Project Peregrine, in fact Erik seems to be a key man with his involvement at Yukon, Icewine & now Peregrine.

For those interested DW's shareholding at XCD has some history and relates to shares held in Elixir long before the Alaskan interests that spawned XCD.
I queried direct probably three years ago (at least) and received a reply that DW's interest there was due to Mongolian assets.
Subsequently a lot of water flowed under the bridge as Elixir Petroleum has bought into other assets.
https://wcsecure.weblink.com.au/pdf/EXR/01792158.pdf
see page 70
https://wcsecure.weblink.com.au/pdf/EXR/02071850.pdf

Someone like Spinefx may have more details of all the share holding transfers that has led to DW's holding with in XCD.

Since final operational RNS/ANN Charlie-1 ~ 2.4B shares have found new ownership based on trades in ASX, Chi-X and AIM (50% of reported), in the latter market share has not become illiquid due to lack of buyers.
Who has been buying?
Just traders expecting a bounce?

40.1M (0.56%)

0.006AUD = 0.00311701GBP

ASX (close)
0.6¢ 20.0% up
Volume34.39M

Chi-X (close)
0.6¢ 20.0% up
Volume5.697M

Plenty of interesting posts this morning.
all of course depends why you are buying and plenty are!
by my reckoning nearly one third of all shares* have changed hands since Charlie-1 news, so whether that is LTH averaging down or traders sniffing an opportunity, which I suspect is there.
I will patiently await next updates - lab reports, Yukon news etc and hope that the tax credit decision from the court of appeal is positive, no guarantee that bonds will be issued or desirable but would be very good for 88E if we could avoid future interest payments and get any residue into our bank account.
* AIM volume calculated at 50%.
PS surprised that construction sector out performed pharma over last 4 weeks in FTSE100, of course all depends on the relative sector positions during early C-19 and whether construction can sustain a recovery, blinkers off.

28.6M (0.4%)

0.005AUD = 0.00256710GBP

ASX (close)
0.5¢ 16.7% down
Volume21.31M

Chi-X (close)
0.5¢ 16.7% down
Volume7.320M

08:02
Article linked
http://88ewiki.wikidot.com/yukon-leases

54.8M (0.77%)

0.006AUD = 0.00305430GBP

ASX(close)
0.6¢ 7.69% down
Volume45.04M

Chi-X (close)
0.6¢ 14.3% down
Volume9.787M

currently sidewall core analysis from Charlie-1, but can see nothing immediate on the horizon, Company has stated JV intends to pursue formal FO.
see Q1 quarterly
http://clients3.weblink.com.au/pdf/88E/02224092.pdf
Hope wife gets better soon enjoy being a teacher :-)

14:19
http://88ewiki.wikidot.com/license-area
Plus of course Great Bear Drills Alkaid, Merak-1, Alcor-1
Source of info
http://dggs.alaska.gov/gmc/seismic-well-data.php
You have to agree to purchase but everyone I have looked at is foc
sometimes dbase not available - you have to just be patient.
dog.dnr.alaska.gov/Information/Studies
Database of Exploration Drilling Targets Categorized by Play Type (Excel)

12:53 despite being expedited that appeal is now more than 13months old, so I would not count any chickens yet, "draft circulating" could just mean a precursor to more delays, then we have to navigate issue of bonds (possibly next financial year) and indeed if there will be any takers of those bonds in current climate.
Will be watching for decision.
Talk about timing just 3 months ago that would have much more certain. :-)
My post yesterday gives link to article in wiki88E

Thanks Olderwiser appreciate your reply and postings.

is "olderwiser" on HC the same poster as "olderwiser" on LSE?

Appeal case status has changed from "ripe for decision" to "drafts circulating", an assumption could be we are getting closer to a decision although how long is still a ?
Obviously attractiveness of bonds scheme may be an issue in current financial climate even if a positive decision granted.

https://appellate-records.courts.alaska.gov/CMSPublic/Search/CaseNumber?CaseNumber=s-17377&TrialCourtNumber=

more on tax credits
88ewiki.wikidot.com/north-slope

My estimate is we could see net US$2M positive, plus of course no ongoing interest charges going forward.

have a good and safe one everyone, best thoughts for Islayman .

https://www.petroleumnews.com/pntruncate/104585534.shtml

09:30
Jiddy in fairness look at the constant updates we have for AIM, readers here should have enough nous to realise by the timestamp that it is pre market close ( in fact early hours of market open).

57.1M (0.80%)

0.006AUD = 0.00305056GBP


ASX(close)
0.6¢ 0.00%
Volume45.02M

Chi-X (close)
0.6¢ 3.23% down
Volume12.03M

14:10 not watched today but seem to remember seeing Sue Perkins having a melt down, scary stuff on the Dalton.