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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.

Interesting reading there, thanks both.

Thanks Brom - good day in Oz.

Friday before a bank holiday weekend, same in other stocks so best not to read anything into it. Enjoy the weekend.

Exhibit A your Honour.

Looks like today's rise and the one overnight in Oz has upset a few people. Wonder why?

AE have a good record in getting permits done and one would assume XCD were already on the process needed for 2021 to some degree when they were taken over. Permitting will not be an issue (excuse the pun!).

That's right Jof, the article refers to a July 13 interview Erik did.

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.)

Buys flooding in again.

That presentation was RNS'd 23rd July?

Good post, thanks for the information Redirons. Along with Brom's earlier link it's clear DW is working away towards the winter drill.

Nice reminder the planned well is relatively shallow and no ice road needs to be constructed so a partner won't need to fork out megabucks compared to other NS opportunities.

Why do you think I'm referring to you? Unless of course ....

LSE give 1 week bans for misleading and libelous posts.

You've already been pointed to the 88E wiki where there is a vast amount of information posted including answers to your questions.

When is suits a purpose Brom! :O)

The terms of the takeover have been known since April.

Good on you for the apology, keep posting fella, just blame the heat. BTW ZOE is a great buy!