Member Info for Brombarb

Positive news that testing has confirmed that flowback sand is introduced proppant and not formation sand.
Over next two - three years much of 3D will become publicly available so makes a lot of sense to take leases now at sensible cost per acre.

what leak? what licenses?

Positive news is that new leases are covered by modern 3D (already purchased) and close to existing infrastructure.
We need to make decision as to what priorities are going forward..

We have committed to ~25000 acres North of Alkaid & South of Prudhoe Bay, 20% deposit paid (~$180,000).
No doubt we will have an early ANN/RNS from the company to explain objectives, strategy etc.

18:50
653 is Arctic Circle Exp

Block North of Alkaid 12 blocks is Captivate Energy (88E).

18:15
looks as if spreadsheet contains all bids Finnex & OSL seem to be only competing bids as far as I can see.

18:09
you need to move to the Left, spreadsheet has opened about 10 columns across to the right.

at some stage DOG will release details of all bids, will be able to see if there were competing bids for any leases.

https://dog.dnr.alaska.gov/Documents/Leasing/SaleResults/NorthSlope/2022W/2022-11-09_NSA_2022W_Results_Map.pdf

captivate energy are wholly owned 88E
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fdog.dnr.alaska.gov%2FDocuments%2FLeasing%2FSaleResults%2FNorthSlope%2F2022W%2F2022-11-09_Report_NSA_2022W_Bids_Received.xlsx&wdOrigin=BROWSELINK

North Slope
https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fdog.dnr.alaska.gov%2FDocuments%2FLeasing%2FSaleResults%2FNorthSlope%2F2022W%2F2022-11-09_Report_NSA_2022W_Bids_Received.xlsx&wdOrigin=BROWSELINK

Bidding results available to the public online at https://dog.dnr.alaska.gov – Wednesday,
November 9, 2022, at 9:00 a.m.
18:00hrs London

https://dog.dnr.alaska.gov/Services/BIFAndLeaseSale

after 2 hours trading OTC is up 8% but lowish volume 8.5M

GOLD has an 88E thread!

How do you know?

"" 88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) provides the
following updated Corporate presentation, to be presented by the Managing Director at the upcoming
EGM to be held on 11 November 2022, as well as at upcoming scheduled investor meetings to be held
in London, United Kingdom."
Doubt Ashley is coming to London to do his Christmas shopping.

11:39
CP has announced it is planning to move forward with the Willow Project in the NPRA supported by the current administration, almost certainly will be some green challenges but that seems to be par for the course these days particularly on Federal lands.
Certainly the State of Alaska will fight tooth and nail to support responsible oil development on State and Alaskan Federal Lands.
https://www.petroleumnews.com/pntruncate/353918305.shtml

10:45
"thousands of barrels a day"

of fluid !
Alkaid-2 to best knowledge still shut in and was awaiting coiled tubing rig to clear sand flowback, ~10% of frac fluid returned some oil cuts.
Just in case anyone thinks "thousands of barrels a day" refers to oil.

07:50
+48M Chi-X

15:28
The CR's that have occurred during Q1 have been to provide for any unforeseen costs and very importantly post well funding to ensure an ongoing business - not to pay for well costs.
At this time we have no indication of what those long lead costs will be and in any case $17.4M will not be enough to pay for Hickory-1. Will our rig and ice road contractors want to know that funds are in our bank prior to any agreements being signed?
Looking at past drills there is a pattern funds raised (or FO) for the well then notification that rig contract agreed.
If the Q1 raise was used to pay for the ice roads & well costs then I am unsure when or how we would get another CR away (dependent on results) to ensure the company remains funded. It's a risk.
Plus
The EGM is being used by the company to ratify recent to CR's to give room for another CR so there is almost certainly some planning ahead plus Ashley is over in London see below.
" 88 Energy Limited (ASX:88E, AIM:88E, OTC:EEENF) (88 Energy or the Company) provides the
following updated Corporate presentation, to be presented by the Managing Director at the upcoming
EGM to be held on 11 November 2022, as well as at upcoming scheduled investor meetings to be held
in London, United Kingdom."