Member Info for Brombarb

13:48

1 agree director's apparent lack of faith looks bad.

2 Not sure if GBP are too interested or able at the moment, the data from Hickory-1 will be of value to their existing

project. if 88E exited Alaska (Namibia takes off) then I am sure GBP would be interested in selected leases that meet /

enhance their strategic objectives.

3 Are you talking about the NPRA?

10:57

https://valueofstocks.com/2022/06/01/share-recall/

good reply at 11:42

18:26

I agree with your comments, posters have every right to air their opinions but one has to question what they are getting out it.

if you look at the main protagonists their ratio of posts is massively in favour of 88E v PANR.

Why so much effort, I do not believe it is simple altruism.

15:58

In my opinion SP could just meander at current level +- a few percent for the forseeable future with only the possibility of news of farm outs at Phoenix or Leonis to give a fillip.

PEL93 Namibia 2D will not be a catalyst, Longhorn also will not impact on SP.

As for "fully funded " we have post flow test costs from Phoenix, we also have stage payments at PEL93 to manage.

Company has forecast net inflow of US$3M at Longbow, which I assume is after workover costs.

So we should have funds to cover rents and planned activity but that is all.

12:05

I think the Level 2 crystal ball is broken :-)

Bill Armstrong managed to complete only one of three drills planned this season, Alaska is a tough place nothing can be taken for granted.

https://www.petroleumnews.com/pntruncate/456708273.shtml

11:20

That is some error in that quote.

Always best to do your own research, you can go to DOG Alaska and view the original permits complete with borehole coordinates, lease nos. etc and work out very accurately.

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

see also

https://dog.dnr.alaska.gov/Document/Download/9351D6244BEE4C6CA840BCB1F9280864/North%20Slope%20Activity%20Map.pdf

10:38

The distance between the two well you mention is a lot more than 1.5 miles, based on borehole coordinates ~14.3 miles.

GBP well Talitha-A is ~9.4 miles from Hickory-1

I believe that GBP planned a well closer to Hickory-1 (Talitha-B) but that is yet to be worked.

19:28

Not sure why date changed.

https://clients3.weblink.com.au/pdf/88E/02790292.pdf

18:46

Hi Henry hope you are well.

New 52 Week Low Today

88 Energy Ltd

EEENF:OTCPK

*Data is delayed | Exchange | USD

Last | 1:10 PM EDT

0.0022 -0.0005 (-19.1176%)

Volume 32,171,394

https://www.cnbc.com/quotes/EEENF?qsearchterm=

15:23

Unfortunately you did not need a crystal ball to know that a CR was inevitable, there is no magic money tree out there and for a junior explorer options are very limited.

Would those invested (only ones who matter) prefer the company does nothing , be unable to pay rents and ultimately cease trading?

At the moment forget all the talk of more dilution ,what is important going forward is whether any funding raised is going to be used wisely to grow the business and utimately create shareholder value.

I suspect that the BLM leases will ultimately be given up leaving us with Phoenix, Leonis, Icewine West and Namibia, I am discounting Longhorn as development opportunities are limited, can these projects work?

The company has promised cost savings at head office level but there is no detail yet apart from the information that Robert Benkovik 's contract will not be renewed but as far as I aware that is all so far.

Finally the Company's AGM is 13th May, I would suggest that investors should not waste their votes , voting via UK brokers is (if HL is a good example) very simple with minimum effort, by I believe 8th May.

17:26

It should be said that before this recent news large tracts of the NPRA were already unavailable for oil & gas leasing so this is not as massive a change as the article may suggest.

17:12

Last weeks news, 88Es existing leases in the NPRA remain technically drillable, however even if we discovered oil I suspect that costs involved with infrastructure coupled with all the environmental wrangling would make it unattractive now, in the past it was hoped that CP's Harpoon project would bring pipelines and roads closer but that looks less likely.

Currently our leases are in suspension (12M rent free) whilst we discuss with BLM the likely outcomes.

The Biden Administrations actions do not impact State Leases, so Phoenix, Leonis and Icewine West are not affected.

13:45

No horizontal tests planned this season, exploration drilling on tundra almost exclusively off ice roads and pads Jan-April.

In my opinion it would not have mattered what results were achieved at Hickory-1, we would still have had that same posters on here either ex "investors" who lost money and are bitter and twisted, those who are just bitter and twisted and those apparently terrified that 88E may actually gain some traction, its a shame but a fact of life on anonymous boards.

I see very little altruism rather self interest.

21:25

Those "sandhoppers" where bulk trailers at 90 degrees not fixed hoppers, given the volume of fraccing sand used its qute possible that they could have been off site being filled or just dropped onto wheels and legs.

Video released by 88E walking round Hickory-1 clearly showed the trailers.

I have not seen everything that GeodesRock49 has posted but from what I have seen seems a knowledgeable and realistic poster.

That twitter post is not all sweetness and light and mentions the dilution we shareholders have experienced to get to this point but balances that with what may result from this discovery.

I am surprised at D45's ingnorance :-)

18:55

I have worked with and known plenty of employees who make exceptional efforts without the need for generous incentive schemes, look at past financials and you will see that even when performance rights have been earnt Ashley has chosen to take a cash benefit in liew of shares, just looks a bit of a kick in the teeth for investors.

But that is my personal opinion.

13:28

AGDC have to find investment Alaska Gas Pipeline project est. at $38.7B in 2020, current estimates (see link) even higher,

Greens have vowed to fight it all the way.

At the moment its far from certain to ever be built.

https://www.nsenergybusiness.com/projects/alaska-lng-project/