Member Info for Brombarb

16:46

Santos, Otto Energy, 88E??

Following leases relinquished 160724

393594,393591,393592,393593,393595,393596,393601,393597,393598,393599,393600.

North Western Block of Icewine West.

https://dog.dnr.alaska.gov/Document/Download/D50766D4821345BA811EF690BFD49164/North%20Slope%20Notification%20Lessee%20Map.pdf

Interesting article, guess they are talking about Alkaid-2, will it have any impact on proposal for long term testing of Megrez-1 ?

https://alaskapublic.org/2023/02/03/gov-dunleavy-says-alaska-doesnt-flare-its-natural-gas-it-does/

21:28

check my post 12/07

or

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

click on application.

Buys and sells falling on negative side of mid price, suggests mid price is now a tad high :-)

All Blue because buys and sells falling on the positive side of mid price.

41M share traded at 15:29 not a lot when compared to total number of shares in circulation.

07:09

The point is that those watching results at Recon Africa need to appreciate the distances between their leases and ours (~120km) a lot of geology can happen in that distance.

11:53

At this stage the application is in for approval, there is a 30 day period of public notice so no decision before ~9th August possible but one would imagine GBP will have already agreed contractors for thr project who I am sure will want assurances that they will get paid.

15:41

Looks as if Discord Group has taken much of the discussion away from this site!

As for next news perhaps now the Megrez planned gravel road & pad are just six weeks away we could get some definate news on how it is going to be funded.

For those wanting more informtion and particularly our location in respect of Recon Africa's leases.

88E PEL93

Recon PEL73

These are massive leases and distances vast.

https://www.mme.gov.na/files/publications/02d_License%20Map%20-%20September%202022.pdf

Alaska sues Biden administration over ANWR oil & gas leases.

We were in and then out (fully refunded), lease contiguous with Yukon.

https://www.adn.com/alaska-journal/news/2024/07/12/dunleavy-administration-sues-federal-government-in-novel-challenge-of-lost-north-slope-oil-revenue/

Https://dog.dnr.alaska.gov/Document/Download/4AF05C6145B5406EA6DA9489B8007E8D/Great%20Bear%20Pantheon,%20LLC%20Megrez%201%20Application.pdf

10:46

US listing planned for mid 2025 does expanded company have suffient funds to operate until then?

17:24

Of course it can, hopefully driven by some good news on the financial front that will facilitate operational activities that can kickstart production at Alkaid (which I believe is still the plan) rather than just a "pump".

I think that many have underestimated the difficulties that explorers /producers have in garnering finance these days, been a hot topic in the Cook Inlet where natural gas producers (at a time of shortages) are unable to raise finance to drill wells.

"BlueCrest is seeking $400 million to produce gas from the massive Cosmopolitan Unit, largely to buy a platform that will also need permitting. The unit, situated 3 miles offshore close to Anchor Point, has proven reserves to supply years of Southcentral’s total gas needs. Finding investors, though, has been difficult.

”We believe we’ve exhausted every major bank, every major investment fund, every private fund,” Johnson said.

https://www.adn.com/business-economy/energy/2024/06/02/cook-inlet-gas-producer-assails-royalty-rates-as-another-seeks-state-financing/

20:32

18/03/24

" Cash on hand 31 December 2023: $0.2 million (2022: $16.3 million). Additionally, fixed term cash deposits on hand of $7.0 million (matured 8 January 2024)"

14/06/2024

private placement raised $3.36M

major costs H1/24

2023 NS new lease costs ~$1.6M (80% balance due, paidH1)

Costs -Aphun & Kodiak resource estimates - LKA report ?

Admin Costs (assumes inc salaries) based on 2023 $2 M ?

Lease rentals ? not sure when this falls. ~186,000 acres @ average $10 per acre - ~ $1.8M

Not a lot of cash left probably.

Pity AIM does not demand quarterly reports.

11:27

Why?

06:47

Already partnered with ;

Namcor 10%, Legend Oil(15%) Monitor (35%) -ultimate w.i.%

Monitor are the Operator.

Not sure how much relevance ReconAfrica license has to our license, potential distances are huge much larger than our leases in Alaska.

Https://www.adn.com/business-economy/energy/2024/07/08/conocophillips-sues-biden-administration-over-new-restrictions-in-petroleum-reserve-in-alaska/

13:03

80% of Hickory-1 flow tests still payable at 31/03/2024.

"Exploration and evaluation expenditure of A$3.9M (December 2023 quarter: A$2.8M)

predominantly related to the Hickory-1 flow test program. Approximately 20% of Hickory-1 flow test

payments have been made, with the remainder expected to be paid in Q2 2024."

Can see that ReconAfrica have massive interest in Kavango basin , not sure how that directly impacts us as our license is in Owambo basin.