Member Info for Desmond45

Shame there is no caveat in the FO deal saying 88E get to keep any leftover funds from from the 23m drilling/testing program. That would’ve been a boost to the sp.

Hi City,

I will be sitting on my hands until Q1 so we can hopefully get some oil flowing. Hopefully my boys over at RBD hit the jackpot at West Newton in the meantime and offset this. Oh well, no rush, Dave still gets paid.

What updates are coming and how are they going to positively affect the SP? Without us feasibly having enough cash to accelerate Yukon, and more than likely waiting until after Charlie-1 to farm out HRZ? The cores of the hrz which we will obtain during the conventional drill will be integral to proving the theory behind the revised ‘fairway’.

Signing a contract for a rig doesn’t really get the SP moving, we saw that with winx. Investor presentations don’t really get the sp moving either anymore because they’re always followed by a CR. Struggling to see any other near term catalyst myself except from results day on the upcoming conventional drill.

Carbonate formations are often naturally fractured, that’s what leads to such good permeability.

“Just so much about to happen & be enthusiastic about mate & I for one am full with anticipation not knowing what DW has up his sleeve for the next RNS in early September”

In this order.

Rig executed -> September investor presentation -> placing

I too would personally like a change in management. Nothing against Davey and co but they haven’t exactly delivered any value for shareholders for years on end. If the conventional well with Premier is a duster then that’s curtains for us as far as I’m concerned. We are god damn lucky that historic BP well is on our acreage or we probably wouldn’t have a farm out deal at all. There will be a cash raise in Q4, probably 20m or so raised adding another 2 billion to the register in order to have a stab at Yukon and pay the overheads for another 6 months, will probably rope in the dregs like RMP and another co to share the cost like we did at winx.

Ramping up permitting? For one well which we already more or less had the permit for?

Seismic, cash and free carry for the farm out deal?

Transformational period?

The no oil/ oil/ no oil fiasco at winx

Weeks not months?

Smart arse one liner replies, All the while taking in an exorbitant salary paid by PIs, then has the audacity to claim ‘I’m not exactly rich or anything’ when the cap was out over the rights issue. Time for a change of strategy imo. Why have we not bought into a high CoS asset to provide some revenue so it’s not being diluted all the time? Then we might get some II backing, look at RBD as an example of this, get a portfolio which incorporates near term CASH to fund the never ending unconventional saga, which at this point we shareholders are not even informed where this ‘revised’ fairway is. Probably because they haven’t got a clue either. Instead we’ve bought Yukon which is technically marooned and going to cost a bomb to drill. My opinion only. Bottom drawer for a while now. S4K will keep everyone entertained in the meantime. Have a great bank holiday 88’rs enjoy the sunshine.

For the record, the terrible reaction is probably due to DW giving it the big one at presentations saying we were gonna get cash, drilling and seismic.

I’m usually the miserable one on this forum but it seems I’ve been well overtaken today. I’m actually quite optimistic ahead of this drill. The oil is there and was confirmed by malguk-1, bp classed it as a discovery. Will it flow lots, a bit, or not at all? Will 88E become rich, skint or go bust? Stay tuned folks. The September presentation may come a little sooner following the market reaction methinks, and settle a few nerves at that.

What do you reckon to the deal Jidmeister?

Just listened to the Premier Half year podcast.

They’ve been looking at Alaska for 2 years. Have two ex-BP non execs, hence the interest in the 1991 BP drill malguk-1. Said they didn’t test Malguk as it wasn’t what they were looking for. 77m oil pay though and essentially an appraisal of if it will flow as it’s untested on the slope. Said they’re drilling in Jan/Feb and if successful returning the following year with a long reach horizontal.

Opened at 1.15

88 Energy Managing Director, Dave Wall, commented "We are delighted to be partnering with a company of the technical calibre of Premier. Premier has a strong track record of delivering projects through to production and is an excellent addition to the Joint Venture. The deal itself strikes a good balance between cultural fit, value and the meaningful working interest retained by 88E for its shareholders. The Charlie-1 well has been designed to test all of the prospective horizons identified in the Western Play Fairway, giving benefit usually only derived from a multi-well program“

Lovely bit of jam

You don’t use artic tankers to drain toilets, normally it’s rigid tankers

Excellent write up JD. Although you forgot that there’s a high probability we will have gas at parta which will be announced on Monday! Happy days here at Reabold.

S4K

“Why would someone invest in something they know nothing about”

please tell us more about this as you have first hand experience in this subject with 88E

16/18 on my watchlist are up. Good day for the markets?

I wouldn’t get too excited, almost every share going is up today. This will go to the wire in classic DW style.

Wenger, don’t knock Scarborough!

https://www.google.co.uk/amp/s/www.thescarboroughnews.co.uk/news/scarborough-s-valley-gardens-duck-pond-near-spa-bridge-contaminated-by-light-oil-1-9580670/amp

They even have more light oil in their pond than we’ve found in 4 years! Lol!

Don’t worry WAaussie, I would imagine it’s a case of weeks not months from this point, provided we do a deal.