Member Info for happy_hatter

SeaHawk - we did get some oil shows according to Dw at the recent presentation. But not enough for it to be RNS'd

Double figures on a spike

We agree oil shows sometime next week then.

And RMP up 8%

Very frustrating holding 88E right now. But news due soon.

gato I say oil shows from late next week.

Latest details we know from farm out were from the operations update rns released 20/12/2019. I have copied two parts of that relating to conventional farm out below below. There is a lot of news to come in this quarter if you read DW's comments about how Q1 is shaping up. We are now over half way through Q1 already so it's going to get lively, very lively, soon.

1) Project Icewine - Conventional

The level of interest and the quality of parties in the Project Icewine Conventional farm-out dataroom remains highly encouraging. 88 Energy decided to honour requests for an extension to the year-end deadline in order to maximise the number of bid ready parties, whilst also remaining within the logistical schedule required for the drilling of multiple wells in the 2020 operating season. Consequently, the Company is now targeting close of a deal in 1Q 2019.

2) Commenting on the operations update, Dave Wall, Managing Director of 88 Energy, stated: "By shifting the self-imposed year-end deadline for the Icewine conventional farm-out, we are maximising the chances of achieving the best deal possible for our shareholders and we remain highly encouraged by the level of activity and the quality of the parties active in the data room.

The first quarter of 2019 is shaping up to be an important period for the Company with results expected from ongoing analysis related to the HRZ shale, the drilling of the Winx-1 exploration well, further definition of the potential on the Yukon Leases and, of course, the Project Icewine conventional farm-out.

topsharepicks look at previous oil drills. So far 26/26 success rate.

And a commitment from our new partner to drill X amount of drills by X date.

Its time to get a major involved and take over the conventional resource. Although the longer we don't hear about the deal, the more I think it will be a farm out deal for all the conventional and unconventional as one. We will hear very soon I am sure.

Posted beginning of month BD1.

Quick thoughts, if DW can get a deal along the lines of these three points:

1) Expenses to date paid in full whatever that is in $ terms (anyone know the amount?)
2) Up front cash payment of say $60m
3) 25% free carry stake going forward on conventional resource (75% to new partner)

Then as shareholders we can sit back and let a much bigger industry player monetise the conventional resource.

I would take that right now.

It would leave DW to develop our other three projects and generate shareholder value there.

Can we be 27th hole lucky? I hope so

Although early day in Alaska, I have us down at 2500ft today according to timeline chart.

Agree always good to back up with a link.
My post was not a dig at you by the way Brom. Just wanted to let D45 know I appreciated the research.

D45 FYI at the time I followed your research and found the linkedin tip very useful. Thanks

Jiddy I think we will hear about the FO long before end of March. Just my hunch.

Oil shows end of next week and then FO beginning of March.

Two transformational events.

Thanks Jiddy. I now officially pass the good news hat to DW.

It's currently 6am in Alaska.

It's comforting know the drill is spinning and the team there doing their best.

News and hopefully oil shows soon!

https://www.youtube.com/watch?v=5nwYeP3rA-Y

Well worth a listen. Has been taking up leases since discovery to east and south of Winx. Says a lot!

And there we have it the buys finally make the pressure realised.

SCAP on 1.1 pence and JBER on 1.15 pence.

Time to get back into blue I think.

Volume now past 15m

Sometimes a quick drop in share price will lead to a sustained rise.

That could be what is going on here with the upcoming transformational news due on two fronts.

It has only been JBER and SCAP that has moved all day on L2.

Now JBER have just moved up 0.01p from their day lows.

Maybe just maybe the tide is turning.

Volume just gone over 12m now and more importantly the drill will be on/near/past 2000 ft.

Oil shows from 4000-5000ft ?

And I have just counted straight 19 buys on level 2 in past 15 mins. No sells.

Volume starting to pick up.

Today the well will be at about 2000ft.

First target is about 4000ft.