Member Info for Brombarb

oily cuttings, cores dripping oil, will be interesting how news is relayed to the market.

https://www.oilsearch.com/__data/assets/pdf_file/0004/28678/Oil-Search-expands-Alaskan-exploration-lease-position.pdf

moneyhawk indubitably in my opinion

Petroleum News
With breakeven oil prices in the high $30s to low $40s, well below the current price, the economics of new oil development projects on Alaska’s North Slope look pretty good, Mark Oberstoetter, Wood Mackenzie director of upstream for Alaska and Canada, told the Alaska Support Industry Alliance Meet Alaska conference on Jan. 18. Alaska is a region in a rebound, he said.

“If you want onshore oil, Alaska’s been the place to go in the last three years. There’s a lot of excitement in the Nanushuk, in the Brookian age finds,” Oberstoetter said.

However, companies tend to look at internal rates of return when evaluating projects, he cautioned. From that perspective there is a huge range of anticipated returns across the world, with Alaska projects not necessarily appearing in the top tier. On the other hand, many new resources are being discovered in parts of the world with unstable political regimes.

•Oil Search explores east - 02/03/2019 (Login to read Full story) In exercising its option under an Area of Mutual Interest agreement, Oil Search Alaska took over operatorship, and purchased a 50 percent interest in, a 195,200-acre block on the eastern North Slope held by Lagniappe Alaska, a 100 percent-owned Armstrong company. Until its Jan. 24 announcement, Oil....
petroleum news.
So who is looking over our shoulders at Yukon :-)

Very quiet here, still lots of potential and news could come anytime on our other ventures.

SeaHawk SOA are meeting it's legal responsibilities per the actual terms of the exploration credits programme, the period when credits were paid 100% within 12-18m was outside of the T & C. but of course welcomed.
Unfortunately the bonds alternative has been delayed due to Eric Forrer and although that case has been thrown out
of court, EF has an opportunity to appeal anytime within 6m of the decision, so SOA will not instigate this financial year.
SOA has alternative plans to pay up to 1/7 of outstanding debts this year.
If Pat Galvin had thought there was any opportunity he would taken SOA to court.
I agree with you Walker showed contempt when he stopped the credit repayments.

I think the company is more than capable of getting oil out of the ground, the conventional adventure has only just started and we have at Icewine & Yukon modern 3D and inversion analysis, Winx may not have had the benefit of such technology but it has a history of discoveries relatively close by.
The conventional is very different to the unconventional journey that we initially embarked upon and I hope for success but am very aware of the impacts success or failure may bring, a FO deal that guarantees a drilling prog or next winter (or Autumn for HRZ) would bring a smile on every ones face.
Just remember DW took us into Alaska but I doubt had a lot of influence on the early development of the venture, the unconventional journey and lease acreage to support that was to some extent pre ordained, he has overseen an increase in potential of the conventional resource over the last 15M that gives us opportunities.
Best of luck everyone.

http://www.alaskajournal.com/2019-01-31/conocophillips-turns-first-annual-profit-2014#.XFQgF9JCdYc

h-h, well found, however later statements seem to contradict talking specifically about conventional only.

Oh well lets see what happens, for me the fact that we are working with Baker Hughes on the project still suggests we have unfinished business.

"The HRZ shale remains prospective and will continue to be a focus for 88 Energy in order to unlock its considerable value for shareholders, with ongoing studies and analysis at year end expected to be complete in 1H 2019 ahead of commencing an unconventional farm-out campaign. "
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=6917323

happy-hatter the data room was opened for conventional only I believe.
"The farm-out process formally commenced for the conventional prospectivity portfolio at Project Icewine with the data room opening in July 2018 "
http://clients3.weblink.com.au/clients/_88energy/headline.aspx?headlineid=6906552
Baker Hughes is currently engaged on further analysis of the unconventional, whether successful outcomes could precede a deal being done I am unsure.

Academic for us as WINX is I believe just on the coastal boundary so open, interesting Franklin Bluffs gets a mention again that would be academic on the gravel pad.

NORTH SLOPE OFF-ROAD TRAVEL STATUS REPORT January 31, 2019

DNR has completed an assessment of snow conditions and soil temperatures on the North Slope as related to off-road travel on State-owned land. The assessment was complete as of January 31, 2019.

The target for the Eastern and Western Coastal Areas is 6 inches of snow and -5° C (23° F) soil temperature at one foot (30 cm) depth. The target for the Lower and Upper Foothills Areas is 9 inches of snow and -5° C (23° F) soil temperature at one foot (30 cm) depth.

The Western Coastal Opening Area is currently OPEN. Snow depth and soil temperature criteria were met at all monitoring stations on December 19, 2018.

The Eastern Coastal Opening Area is currently OPEN. Snow depth and soil temperature criteria were met at all monitoring stations on December 17, 2018. Note that recent winds have created patchy snow conditions throughout the area. Operators should use caution and plan off-road travel routes accordingly.

Lower Foothills Opening Area is currently CLOSED. The snow depth target of 9 inches has been met at three of the five Lower Foothills monitoring stations. The remaining two monitoring stations saw an increase in snow averaging 5.7 and 8.2 inches. However, both stations appear to be locally wind influenced and snow depths improve west of the Dalton Highway; areas of low snow are somewhat localized near Franklin Bluffs. The soil temperature target has been met at all five monitoring stations.

Upper Foothills Opening Area is currently CLOSED. The snow depth target of 9 inches has been met at three of the four Upper Foothills monitoring stations. The remaining monitoring station averaged 7.6 inches of snow. Two monitoring stations have not reached the soil temperature criterion. The soil temperature at the remaining two monitoring stations measured -4.1° C and -0.1° C. Snow depth at the warmest station is well above 9 inches.

Have no real knowledge of company, not invested there and unlikely to.
88E is my only AIM share currently and for quite a while now.
If others wish to take a chance then its their money, their choice.

Brent $60.71 (09:21)

http://www.livecharts.co.uk/MarketCharts/brent.php

4.8M or 0.08% traded overnight

0.02AUD = 0.0110796GBP

ASX (close)
2.0¢ 5.26% up
Volume3.646M

CHi-X (close)
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Volume1.168M

88E is an Australian company :-), I would not get fixated on DW's bonus, if we get SP moving upwards and reaching the annual moving hurdles which are based on 60 day averages so no flash in the pans, we will all be very happy.

Dogstain you asked in November, forgotten already :-)

Riv, saw minus 11.4 deg C last night, just above freezing at moment so have taken first walk for a while, about a mile and knackered :-(
think Alaskan geography is a moving feast plenty of geologic features to make life difficult for none specialists.
Like that Bill Hailey reference.

looks like
Seabee 3800' ~11 days
Nanushuk 4800' ~15 days
Torok 6000' ~18 day

page 15 latest presentation

My interpretation only of course :-)

Will we be taking cores or relying on cuttings?