Member Info for Brombarb

10:34

Admin often (if not always) deletes whole threads rather than individual posts so its not always possible to pinpoint whch post(s) was the causal.

I am unsure if merely mentioning another poster by name breaks the site rules so perhaps it was something else (someone elses post) that offended the moderator.

All the best for a happy and prosperous 2024

Next 14 days look promising for ice road and pad construction.

https://www.timeanddate.com/weather/usa/prudhoe-bay

Merry Christmas and a happy and prosperous 2024 to each and everyone of you all :-)

Based on Well cordinates from Merlin-1

West Willow-2 55miles

Harpoon -1 35miles

Distance between respective project boundaries will be closer but gives an idea of distances involved.

Harpoon Project is yet to be approved for development either by COP (or Feds).

https://www.nsenergybusiness.com/wp-content/uploads/sites/3/2020/05/afed-740x520.jpg

Will be interesting to see what happens at the end of the 12m moratorium, if no farm out agreed to facilitate future exploration there has to be a possibility that we will do a "yukon".

Whatever potential for development existed has been eroded by Biden and the green agenda.

https://clients3.weblink.com.au/pdf/88E/02757145.pdf

"In other corporate initiatives, 88 Energy’s Board will consider in the new year whether a share

consolidation in 2024 is in the best interests of shareholders, and if 88 Energy decides to undertake

a share consolidation, shareholders will be able to vote on this at the 2024 AGM. "

So it will be for the shareholders to weigh the pros and cons and then VOTE, easily done with HL and I am sure most other brokers , so no excuses.

Https://dog.dnr.alaska.gov/Document/Download/E342DF860CA149C9B93192004563CE32/Fall%202023%20Oil%20and%20Gas%20Lease%20Sales%20Results%20Package.pdf

looks a logical move

Winter season now, no daylight hours and temperatures at a level to freeze the tundra.

https://www.timeanddate.com/weather/usa/prudhoe-bay

11:42

Thats one view.

In any case (and in our situation) ANYONE participating ( be they "mates" or not) will expect a hefty discount it's just the way it works and unfortunately my past experience with rights issues were shareholders had the option to participate is not much better.

But of course we do not know what the true situation was at 27th November , how likely it was that Bex would default and how the market may have reacted if we had done mothing.

It looks like we have taken the boof off the throat of Bex but if I am reading correctly the standstill agreement applied to the Toolik River unit only, there are still leases both East & West of the Dalton that would still have Bex as co holder and so the implications of applying the full force of the law at Toolik could have unwanted results elsewhere.

Decent revival in OTC, however on relatively low volume (compared to AIM,ASX).

88 Energy Ltd

EEENF:OTCPK

RT Quote | Exchange | USD

Last | 12/01/23 EST

0.0036 +0.0003 (+9.0909%)

Volume 12,987,125

0.0036 USD = 0.00283 GBP

Flow Testing Plan Hickory-1

https://dog.dnr.alaska.gov/Document/Download/8E8797BA87814230BAC7391CD7A3505B/LONS%2022-009%20AEA%20TRU%20Hickory%201%20Frac%20and%20Flow%20Testing%20Unit%20Plan%20of%20Operations%20Amendment%20-%20Approved.pdf

15:13

was that the trade trade at 15:11 694 shares, probably a "no" commission deal at the edges of BID, hardly something to make a judgement as to future travel.

fact up 6.67% on the day.

88 Energy Ltd

EEENF:OTCPK

Last | 12:49 PM EST

0.0036 down-0.0003 (-8.5897%)

Volume 11,202,957

0.0036 USD = 0.0028 GBP

11:07

why not just click on /short icon this page :-)

https://www.lse.co.uk/ShareShortPositions.html?shareprice=PANR&share=Pantheon-Res

17:02

Quarterly Report gave details, as to what has happened to Bex completely unsure, could be as simple as Michael McFarlanes's lines of credit have run out or perhaps he has better places to invest in the near term, suits some to go with the latter of course!

https://clients3.weblink.com.au/pdf/88E/02733682.pdf

As you say short term financial pressure for 88E but longer term could benefit if Hickory-1 flows well.

12:17

The London Stock Exchange does not define trades as Buys or Sells, in the case you quote London South East ( in line with many similar orgs) attempts to categorise trades as buys or sells by us of a simple algorithm.

If a trade is above mid price then it is a BUY, below it is a SELL.

The problem is that it is quite common to see trades all falling one one side or the other of Mid Price.

Based on other trades around that period it looks like a Sell, but even so the trade price would have fallen on the positive side of Mid Price and hence be declared as a BUY.

You can not take LSE's classification of BUYS and SELLS as the truth.

12:00

Surely OTC closed before announcement, suspect EENF will mirror AIM later today unfortunately.

Announcement not a surprise given potential situation regarding Bex, possibly better to raise funds before actual announcement of default, if a default is an actuality.

We need money, without it nothing (good) will happen!

18:06

well spotted, apologies my error :-)

I think that it is worthwhile looking at what Santos (previously Oil Search) and Repco are doing at Pikka but it is difficult to compare directly because we do not know the exact methods by which figures have been arrived at.

Santos are relatively close to oil production and so are probably well placed to know much of their actual costings and that target figure of 80,000 BOPD from 2026 is very different to GBP figures.

Its a bit like the headline price of US$3.1 per barrel proven resource that OSL paid to enter Alaska has subsequently morphed to US$1.3 per barrel as upside proven , things move as projects develop.