Member Info for Brombarb

Early advise from the company was early Q1, 2023 but subsequently the company has just stated Q1,2023 .

"We look forward to the upcoming planned Hickory-1 flow tests which, if successful, will enable the

certification of additional contingent resources in the shallower reservoirs and move another step closer

to appraising the discovery. We remain on track for Q1 2024 operations for this exciting project.”

Due to location close to the Dalton no probably no reason why ice pad and road could not be ready for January but...

88E to announce on or arround 30th Nov whether Bex have been able to meet their funding obligations (US$3.4).

If Bex default will leave a hole.

For those interested linked presentation gives detail about how Santos are developing the PIKKA field (80,000 BOPD in 2026) and subsequent developments after that date.

https://www.santos.com/wp-content/uploads/2023/09/230919-Alaska-Investor-Visit-Presentation.pdf

12:32

Buy and Sells both falling on the negative side of published mid price, simple algorithm that is not reliable.

At current sub penny price probably difficult to set an accurate mid price.

12:13

https://www.tradinghours.com/markets/otc

Starting to see sub 20 degrees C, daylight hours ~ 2hrs, tundra freezing conditions :-)

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

Interesting article on Pikka development, ongoing since 2018 and first oil now expected 2026.

https://www.petroleumnews.com/pntruncate/509705823.shtml

Good new on Willow development.

https://finance.yahoo.com/news/conocophillips-cop-willow-oil-project-123400603.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAADZDOjESjhH_B3-D18NvcC9VBQddclc4x4bb7H4fTOoGYS3VbzmWRNl1iWfKEtskyAn-6jBf8_RNVfl-LhUuEuykTen4hpYDsPueNd9C_dnQtW-lhqTp0PAUG_6--Hx4L5_85cIBHKpjUI-P753_oNMsauS5lxvJ-TfjU8i4WBf4

03:39

just making the point that the actual spread available to those using traditional commission brokers such as HL (in my case) is nothing like the publshed spread.

Buys & Sells at the extremes do occur but perceived wisdom seems to be that these are from "No Commission" sites.

Buys and sell currently falling on the negative side of mid price,

current spread ~ 5.2%

ignoring assumed non commission trades.

10:53

Good point made, if you are using the Armstrong/ OSL deal as an example then the US$3.1 per barrel related to discovered oil only, OSL projected that potential upside (not yet discovered oil) actually made the actual price per barrel nearer US$1.3/B, link attached below.

https://announcements.asx.com.au/asxpdf/20180123/pdf/43qzpc616f58vg.pdf

14:12

I don't think that 88E have any influence on the spread, possibly the only investors paying full bid or ask are those trading on "no commision" sites .

14:08

Proposed issue notification on ASX.

https://clients3.weblink.com.au/pdf/88E/02739245.pdf

Share has the same ISIN number whether ASX or AIM so not sure if place of issue really matters.

16:52

I agree it would be great to see our Directors showing a bit of committment.

Recent Lapsed Performance Rights probably apt reward :-)

You sound like doc at the moment.

I am unsure whether this is a good move or nott, stage costs to achieve that 45% w.i. seem very reasonable (but there may be a reason for that) and it will s not be the limit of expenditure going forward.

MEL website below may explain more about this project.

https://www.monitorexploration.com/

12:55

I am hopeful that due to the location being so close to the Dalton that we may see an early completion of ice road and pad by early January to enable operations to commence.

GBP announced completion of ice road and pad for Talitha-A on 6th Jan, 2022 so it can be done.

Temperatures are dropping now and daylight hours down to ~4 hours so the tundra will be starting to freeze.

BUT we have been disappointed before with commencement of operations being later than expected :-(

17:02

Which institutions ?

Looked at "Significant Holdings" on the companies website and can see Brokers (Nominee Accounts) - 46% .

Not sure if they would be classified as institutional investors.

Not sure but is the company website an update?

NB at least on my pc classified as "not secure"

Https://www.petroleumnews.com/pntruncate/243880338.shtml

https://www.petroleumnews.com/

21:30

Happy stuff :-(

https://thebulletin.org/doomsday-clock/

Did somebodies finger get stuck at 09:59:30?

Roll on the flow test, lets hope that it indicates commercial flow rates that are attractive to industry, we and PANR have to recognise tight nature (vs. PIKKA for example) of reservoir but balance this against the attractive location close to TAPs.

"Contingent Resources

Contingent Resources are those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable.

It is recognized that some ambiguity may exist between the definitions of contingent resources and unproved reserves. This is a reflection of variations in current industry practice. It is recommended that if the degree of commitment is not such that the accumulation is expected to be developed and placed on production within a reasonable timeframe, the estimated recoverable volumes for the accumulation be classified as contingent resources.

Contingent Resources may include, for example, accumulations for which there is currently no viable market, or where commercial recovery is dependent on the development of new technology, or where evaluation of the accumulation is still at an early stage."

https://www.spe.org/en/industry/petroleum-resources-classification-system-definitions/

https://netherlandsewell.com/resources/

88 Energy net resources have been calculated using a 75.227% working interest and a 16.5% royalty that may change.

09:09

I doubt that you will get much more than what has already been disclosed in ;

https://clients3.weblink.com.au/pdf/88E/02709376.pdf page 9

https://clients3.weblink.com.au/pdf/88E/02733682.pdf page 3

Bex w.i. is ~25% project Phoenix & Icewine West.

30 days from 31/10 so we will know early December I guess.