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That option was mentioned in the going concern section of the last RNS avignon, so it will certainly be legal:
"Sale of Alaskan Tax Credits to a third party which would lower debt and interest commitments;"
Have a good weekend.
Erik Opstad, general manager operations for Accumulate, said the Harrier 1 and Merlin 1 exploration wells will be drilled into the shallow Nanushuk reservoir using a lightweight workover rig that can be transported off-road in pieces by tundra-safe track vehicles, versus a heavier rotary rig which would require an ice road.
The company will use existing gravel roads and snow trails to conduct the entire exploration program.
https://www.petroleumnews.com/pnads/453849891.shtml
88 Energy completes XCD buy; two exploration wells this winter
This coming winter 88 Energy subsidiary Accumulate Energy Alaska is planning to drill two Nanushuk prospects that it acquired as part of its off-market takeover of XCD. The Harrier and Merlin prospects are in the 195,000-acre Peregrine block in the National Petroleum Reserve-Alaska.
ConocoPhillips’ Willow oil discovery is considered a direct analogy to Merlin while ConocoPhillips’ Harpoon prospect “is interpreted to lie on the same sequence boundaries as the Harrier prospect,” between the Umiat oil field to the south and Willow and Harpoon to the north.
XCD has said the three onshore prospects hold a mean unrisked recoverable prospective resource of 1.6 billion barrels of oil, per an independent report generated by ERC Equipoise. (Harrier Deep estimated at 572 million barrels.)
Good on you for the apology, keep posting fella, just blame the heat. BTW ZOE is a great buy!