RE: Situation17 May 2019 15:05
Why don't you do a bit of research instead of providing MISLEADING statements and facts!
Have you ever heard of Quarterly Reports?
On the 9th of January the Alaskan Department of Revenue ("DoR") informed the Company of the purchase of US$1.57 million in tax credits, with the funds received directly applied against the Brevet debt facility. Debt outstanding at the end of the quarter totalled US$15.4 million.
Further, on the 26th of March, the Company was informed by the Alaska DoR that it had issued a Credit Certificate to Accumulate Energy Alaska Inc., (100% owned subsidiary of 88 Energy Ltd), for US$2.35m related to CY2016 2D seismic expenditure. The total expected cashable credits owed by the State to 88E at quarter end was US$19.1 million, which is far in excess of debt outstanding of US$15.4 million.